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One of the primary arguments against allowing big box stores — such as Walmart, Lowe’s, Target and Best Buy — to set up shop in small towns is that they take customers away from local family businesses that have existed in the community for years. Using high-volume sales — versus price mark-ups — to drive profits, big box stores are often able to sell their goods at lower prices. Read more...
If you’re the CEO of a major company today, you make, on average, about 273 times more than the average worker. That’s according to a recent analysis by the Economic Policy Institute (EPI) of the CEO-to-worker pay ratio at top 350 firms. The average pay, EPI found, was $14.1 million in 2012, up 12.7 percent from 2011. Read more...
It's staggering to think back on how much gun violence we've seen in 2012. Bill Moyers made this video essay after the Colorado movie theater shootings, and his message bears repeating. In this web-exclusive video essay from July 2012, Read more...
In 1983, 50 corporations controlled a majority of American media. Now that number is six. And Big Media may get even bigger, thanks to the FCC’s consideration of ending a rule preventing companies from owning a newspaper and radio and TV stations in the same big city. Read more...