UNDERNEWS: Money

June 26, 2024

Money

Daily Kos - Americans are paying 25% more on groceries and dining out this year compared to early 2020, before the pandemic. And it’s not because corporations are hurting for money. PepsiCo, General Mills, Kroger, and lots of big chains jacked up prices while making record profits. The 10 largest grocery and restaurant corporations are sending $77 billion to shareholders.

A line chart that displays the annual median pay for S&P 500 CEOs from 2016 to 2023. The y-axis represents CEO pay in millions, while the x-axis shows the year. The chart reveals a steady increase from $11.5 million in 2016 to $16.3 million in 2023, indicating a consistent growth trend.

Data: Equilar. Chart: Axios Visuals

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ABOUT THE EDITOR

The Review is edited by Sam Smith, who covered Washington under nine presidents, has edited the Progressive Review and its predecessors since 1964, wrote four books, been published in five anthologies, helped to start five organizations (including the DC Humanities Council and the DC Statehood Party), was a plaintiff in three successful class action suits, served as a Coast Guard officer, and played in jazz bands for four decades.

A truly independent journalist with his feet firmly grounded in the reality of neighborhoods and everyday people. -- Patrick Mazza, Progressive Populist

A truly original voice in American journalism: humorous and plain spoken and filled with common sense -- Jay Walljasper, Utne Reader

Inimitable -- Mother Jones Magazine

Sam's a cynical cat -- Marion Barry

Sam's one of the few independent voices left. The press today is either extreme or special interest or else just establishment, an extension of the corporate spirit -- Sen. Eugene McCarthy,

One of a small group of whites with whom many blacks would trust their political lives - Chuck Stone, Washingtonian.

A reputation for wit, intelligence and anger. -- Claude Lewis, Chicago Tribune

Smith is an island of reason and information in a sea of narcissistic blather. -- City Paper, Washington

Whatever the debate, the Review's sharp critiques encourage us to look out our window, notice and act upon what we see, and also to look further -- to the rest of the country and globe -- to see how the organized big world interacts with our more spontaneous small worlds. - Utne Reader