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Submission + - Should the US Copy Switzerland and Consider a 'Maximum Wage' Ratio

Hugh Pickens DOT Com writes: John Sutter writes at CNN that as Swiss citizens vote on November 24 to consider capping executive pay at 12 times what the lowest-paid worker at a company makes in a referendum, which is called the "1:12 initiative," some say the idea of tethering top executive pay to some sort of concrete metric might stop American execs from floating further into the stratosphere. "Here in America, the land of unequal opportunity, the CEOs of top-500 companies make in a single day about what it takes an average "rank-and-file" worker a year to earn, according to the AFL-CIO, the federation of unions," writes Sutter. "Democracy starts to unravel if a few people become wildly, ethereally successful, while the rest of a country struggles." A $1 million salary worked for American CEOs from the 1930s to 1980s, says Lynn Stout. But CEO pay, including options realized that year, jumped about 875%, to $14.1 million, from 1978 to 2012, according to the Economic Policy Institute. "What we've got is basically an arms race," Stout says, "where the CEOs are competing on pay because they each want to have higher status than the others." Peter Drucker, the father of business management, famously said the CEO-to-worker salary ratio should not exceed 20:1, which is what existed in the United States in 1965. Beyond that, managers will see an increase in "resentment and falling morale," said Drucker. Stout has suggested that the IRS make CEO pay a non-deductible business expense when it's higher than 100 times the minimum wage. "Limiting CEO pay to 100 times the minimum wage would still allow top execs to be millionaires," concludes Sutter. "And here's the best part: If the fat cats wanted a pay increase, maybe the best way for them to get it would be to throw political weight behind a campaign to boost the minimum wage."

Comment Privacy is obsolete. Transparency is the battle. (Score 5, Insightful) 165

Like it or not, privacy is unenforceable. We can fiddle with our settings so they leak less data, but there is still lots of data given out, and leaking, just by having a cellphone, credit card, car, job, name and ID.

The battle now, is to end the privacy/secrecy for THEM. In other words, get gov't transparency, corporate transparency.

They won't give it up easy, their one-way information flow.

Submission + - Celullose power discovered. Centuries old. In India. (vindzpower.com)

h00manist writes: While everyone is looking for ways to convert cellulose to energy, this company in India, better known for its hybrid solar+wind power solutions, is quietly also researching and selling other types of backup power turbines which can generate power on-demand whenever there is no wind or sun. The turbines powered by cellulose. While each one only produces approximately 500W, they can start up ten of them, on demand, to get 5KW.

Submission + - Wired: Biometric Database of All Americans Proposed for Immigration Reform Law (wired.com)

Jeremiah Cornelius writes: Yesterday, the Senate began debating creation of a national biometric database including virtually every adult in the U.S. Buried in the more than 800 pages of the bipartisan legislation, is language mandating the creation of the innocuously-named “photo tool,” a massive federal database administered by the Department of Homeland Security and containing names, ages, Social Security numbers and photographs of everyone in the country with a driver’s license or other state-issued photo ID. The "Border Security, Economic Opportunity, and Immigration Modernization Act" is aimed at curbing employment of undocumented immigrants. Employers would be obliged to look up every new hire in the database to verify that they match their photo. “The most worrying aspect is that this creates a principle of permission basically to do certain activities and it can be used to restrict activities,” says David Bier, an analyst with the Competitive Enterprise Institute. “It’s like a national ID system without the card.”

Comment Data harvesting: illegal, low-cost, high profits. (Score 1, Troll) 78

Wikileaks showed us the way. The only thing left to talk about is public access to data, especially data on people in privileged positions.

Nothing can really be done to control black and gray market data. And, little or no actual control can be exerted on the "legal" companies and practices as well. Even if you manage to hide your own data through various means, it complicates and restricts life, and does nothing about the data of the rest of the population, which affects and includes your data.

The only real secrets are those of people who can afford the expenses of keeping secrets - corporations, governments, and their associated criminals.

No, the path is now to acquire public access to data on these people.

Comment Sounds great to me (Score 1) 61

Seems to help programmers a lot. They can publish on their own site a single set of files and specifications for all platforms to manage installation and package creation. Packaging teams can use it to make their life easier.

Comment Indeed, you follow the money, you find the crime. (Score 3, Insightful) 146

Go to a financial power center, find the center of crime. Well dressed, groomed, prepared, by an army specialists in PR, marketing, design, security, privacy, and secrecy. But it is laying around there, somewhere. Most surely, the evidence and main coverup is in the security, legal, and accounting divisions. Enron was never alone.

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