Winners
You
would think in this day and age
there wouldn’t be a need for such
a law, but you know how some bosses
still think voting isn’t that
important. So we salute the Iowa
Senate for approving a bill that
gives Iowa workers the legal right
to unpaid time off to caucus.
Senate File 2355 includes a small
number of exemptions for public
safety or undue economic disruption,
but lawmakers said the bill sends
a clear signal that Iowa is serious
about being first to caucus and
protecting Iowans’ rights to do
so as they would get up to four
hours off beginning an hour prior
to the start of their caucus.
Denying someone the right to attend
a caucus would be a simple misdemeanor
punishable by up to 30 days in
jail or a fine of up to $625,
the bill states. It would also
hurt morale around the office.
Craig Dubow, chief executive,
president and chairman of Gannett
Company Inc., the nation’s largest
newspaper chain which publishes
USA Today and 84 other daily newspapers
including The Des Moines Register,
received pay and compensation
valued at $7.9 million in 2007,
36 percent higher than the previous
year according to the Associated
Press. The increase came as Gannett
stock, like that of other media
companies, tumbled over the last
year. In the last 12 months, the
AP reported, Gannett stock has
lost about half its value, from
about $60 a year ago to about
$29. But rejoice subscribers who
worry that their money is lining
Dubow’s pockets: the decreasing
value of Gannett shares means
that a large chunk of Dubow’s
2007 compensation is without value
until it exceeds $61.26 a share,
the AP said.
In other media conglomerate news,
the U.S. Justice Department has
approved Sirius Radio’s $5 billion
buyout of rival XM Radio, ruling
that the deal between the nation’s
two satellite radio providers
was unlikely to hurt competition
or consumers. The Federal Communications
Commission still has to approve
the merger. Pundits speculate
that the price to subscribe to
the service will go up once the
merger is complete. Both companies
currently charge $12.95 per month
for basic packages.
Losers
Facing
charges for allegedly stealing
about $560,000 from the bank he
worked at, Steven Sueppel of Iowa
City is believed to have killed
his wife and their four adopted
children last Sunday before killing
himself in a fiery crash on Interstate
80 when he drove his automobile
into a concrete abutment. An autopsy
shows that Sueppel’s wife and
children died from injuries to
their upper torsos and heads consistent
with the use of a baseball bat.
If gasoline hits $4 per gallon
as many economists predict, an
estimated 65 percent of American
car owners say they will dramatically
change their driving behavior,
according to a survey conducted
by Opinion Research Corp. According
to the survey, 91 percent of drivers
are driving less and 75 percent
are maintaining their vehicle
better because of rising gas prices.
About one-third of those surveyed
are also carpooling, purchasing
more fuel-efficient vehicles and
making greater use of public transportation.
Members of Iowa Citizens for
Community Improvement are outraged
at the Environmental Protection
Commission’s failure to support
a ban offered by the Department
of Natural Resources on manure
applied to ground being planted
into soybeans. Apparently the
EPC voted to support the limitation
of manure application on ground
going into soybeans, but did not
pass the proposed ban on the practice
after five years. “The EPC, when
offered the smallest chance to
clean up Iowa’s water, could not
make that happen,” said Iowa CCI
member and farmer Barb Kalbach
of Dexter. “This only further
stalls a way to help clean Iowa’s
polluted waters for another five
years.”
Finally, Billboard magazine reports
that the major music companies
have resisted lowering their price
of CDs, but are now being forced
to do so thanks to Wal-Mart. Seems
Wal-Mart, the largest retailer
of music with an estimated 22
percent share of the market, has
proposed a five-tiered pricing
scheme that would allow the chain
store to sell albums at even lower
prices and require labels to bear
more of the cost. The proposal
would allow for a promotional
program that could compromise
the top 15 to 20 hottest titles
each at $10. The rest of the pricing
structure would have hits an current
titles selling for $12, top catalog
at $9, midline catalog at $7 and
budget at $5. The move would also
shift the store’s pricing from
its $9.88 and $13.88 models to
rounder sales prices. Some label
executives wonder whether they
should give up 20 percent of their
business to Wal-Mart, though they
worry boycotting Wal-Mart could
hurt their distribution. One executive
said if all the major labels pass
on Wal-Mart’s proposal the discount
chain might pull music entirely
from its stores. “This sounds
like the Hail Mary pass, and if
it doesn’t work, they could be
out of the music business; or
maybe they reduce music down to
a couple of racks.” CV
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