JC Reindl Detroit Free Press Published 7:00 AM EDT Aug 23, 2019 Between 1997 and 2017, salary and pay for the CEO of the Detroit Area Agency on Aging grew more than 175% to $303,180 a year. And the Kresge Foundation boosted its CEO compensation by more than 140% to $855,093. It's well known that pay raises for corporate executives have far outpaced those for ordinary workers in recent decades, contributing to rising income inequality nationwide. A Free Press analysis shows this is often true as well in the nonprofit world of southeast Michigan-based charitable organizations and foundations — groups whose programs and financial contributions have improved the lives of many metro Detroit residents — where many top executives are now making $300,000 a year or more. Similar to what has unfolded in the for-profit sector, many of the region's … [Read more...] about Why southeast Michigan nonprofit CEO salary numbers have jumped
Why consumer price index increase
An editorial written by a Federal Reserve of Minneapolis president in The Wall Street Journal suggested the unemployment rate is no longer a great indicator of the economy. Neel Kashkari wrote that an issue was wage growth has only increased modestly and the rate only shows people who are looking for work — not those who simply stopped looking. He uses the example of prime working age Americans (25 to 54 years old) not in the labor force going down.Question: Is the unemployment rate still a good indicator of the economy? (Yes or No)Phil Blair, ManpowerYES: The unemployment rate is reasonably accurate and it is understood and followed by most people. We are mostly looking for trends rather than exact numbers by month. It is complicated to understand the variance when a large number of jobs are created, but unemployment goes up. We are concerned about the ratio of people looking for work to the number of jobs. If they are not actively looking for jobs then we don’t care that … [Read more...] about Econometer: Is the unemployment rate still a good indicator?
Spain has just brought in a new government decree regulating rentals across the country that offer improved protection for tenants. The new law was entered into Spain’s State Bulletin on Wednesday after being approved by the cabinet of Pedro Sanchez’s socialist government last week. The new measures, which come into effect from March 6th, will only apply to new lease agreements and not those that have been signed before that date. The new set of rental changes which give homeowners greater veto powers against holiday home rentals within their building and offer extra security for tenants by extending the length of their contracts and capping rent hikes. FIND OUT: Why rising rents across Spain are causing a new crisis These are the key elements of the new decree. Longer leases Average tenancy contracts will go from being three to five years long, or seven years in cases where the landlord is a legal entity – a company rather than an individual landlord. … [Read more...] about What you need to know about Spain’s new rental laws
Sections SEARCH Skip to content Skip to site index Health Subscribe Log In Log In Today’s Paper Health | How Trump’s Latest Plan to Cut Drug Prices Will Affect You Supported by The proposal seeks to lower out-of-pocket spending in ByKatie Thomas and Reed Abelson Feb. 5, 2019 The Trump administration has made lowering drug prices one of its top priorities, and last week it unveiled a proposal that could vastly rewrite the way drugs are sold in the United States. The proposal takes aim at the secret deals that drug companies strike with pharmacy benefit managers, the industry intermediaries that negotiate the price of drugs for insurers and large employers. These after-the-fact discounts, have come under harsh criticism and are blamed for helping to push up the list price of drugs, which consumers are increasingly responsible for paying. Under the proposed rule, released on Thursday, pharmacy benefit … [Read more...] about How Trump’s Latest Plan to Cut Drug Prices Will Affect You
New Jersey became the latest state on Monday to boost its hourly minimum wage to $15 after Democratic Gov. Phil Murphy signed into law a measure phasing in the higher rate over five years. Murphy signed the bill alongside Lt. Gov. Sheila Oliver and Democratic legislative leaders at a raucous event in Elizabeth where advocates cheered, "Ready for 15," carried banners with their union affiliation and applauded loudly once the bill was signed. "It is a great day to make some history for New Jersey's working families," Murphy said. "And that's just what we're going to do. We've talked long enough about putting New Jersey on a responsible path to $15 an hour minimum wage. Today we start our way on this path."New Jersey joins California, Massachusetts, New York and the District of Columbia in phasing in the higher rate. The $15 wage is a prominent policy goal of left-leaning groups, as well as the fulfillment of a key campaign promise by Murphy.The governor, Senate President Steve Sweeney … [Read more...] about New Jersey becomes 4th state to increase minimum wage to $15