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Millionaires Love Naples

NAPLES, Fla. - Millionaires love to live in Naples. A new national report shows Naples has the second most millionaires per capita. Residents of the Paradise Coast aren't surprised.

The Lego Man Video

Heard about The Lego Man washing ashore on Siesta Beach in Sarasota? Click here to see video.

Rare White Wombat

What can be cuter than a rare white wombat. Never saw one? Well just click here to see video.

What Makes You Cry?

Author Nicholas Sparks reveals what makes him cry and how he's able to write emotional tales. Click here to view video.

Mary Higgins Clark

Mary Higgins Clark talks about The Magical Christmas Horse.

Suspense author, Mary Higgins Clark and her longtime friend and Illustrator Wendell Minor discuss their newest project. Click here to view video.

Wealth Up 275% For Rich

Surprise! The rich got a lot richer in the last three decades. Click here to read all about it. 

Teachers Pay A Disgrace!

Opinion:

Ever wonder how the hours American teachers work and the salary they earn compares to teachers in other industrialized nations? 

Well, the picture's not pretty. In this infographic courtesy of the Future Journalism Project, American educators work the most hours of all industrialized nations, but are the fifth lowest paid after 15 years on the job. Only Luxembourg, Hungary, Iceland, and Norway pay their teachers less.

And how do we compare to the country that's number one in the world in education according to international tests, Finland? Teachers there work the fifth fewest hours and are the ninth lowest paid. Sure, no one goes into education for the money, but at a certain point doesn't it seem wrong that teachers pretty much everywhere else on this chart work less but get paid more?

Why Wall Street Protests?

Opinion:

If you put together the annual pay packages of the 500 Chief Executive Officers at S&P companies, you might say they are earning their fair share.  After all, the average salary is only about $1,000,000 a year, certainly not exorbitant for the amount they work.

But then you have bonuses.

Then stocks.

And options.

Plus, don't forget a myriad of other compensation types not included above.

In the end, according to research provided by the AFL-CIO, the total compensation for the CEO's averaged out to just over $11,000,000 per year for each one of them, with a majority of it being in compensation taxed at a lower rate than that of the average middle class American.

According to the Federal Reserve, U.S. corporations held a record $1.93 trillion in cash on their balance sheets in 2010. But they are not investing to expand their companies, grow the real economy or create good middle-class jobs. Corporate CEOs are literally hoarding their company’s cash -- except when it comes to their own paychecks.

In 2010, Standard & Poor's 500 Index company CEOs received, on average, $11.4 million in total compensation. Based on 299 companies' most recent pay data for 2010, their combined total CEO pay of $3.4 billion could support 102,325 median workers' jobs

Mother Jones takes a look at a few of these top CEOs, and the most frustrating part is how little the pay packages they received reflect company performance.  Most egregious?  Wells Fargo's John Stumpf, who literally profitted from other people's failures.

In 2009, when Wells Fargo still owed the federal government $25 billion in bailout funds, CEO John Stumpf got a $5 million raise. The resulting hurricane of bad publicity may be why Wells Fargo cut Stumpf's base pay in 2010. But it still gave him a $3.3 million cash bonus, leaving his total earnings almost unchanged. He remains one of the country's highest-paid bank CEOs. A few secrets to his success: Profiting from foreclosing on homeowners and hoarding liquid assets to shore up the bank's bottom line.

Why the protests? We should be asking why did it take so long?

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Authors Showcased In Sarasota SRQ Magazine 

Authors E. P. Ned BurkeDorothy ConlonDr. Karen Hutchins PirnotJean PaneroSusan KlausBarry RothmanRichard IdeJulie Woik, and E. Gordon Tucker were honored in the October 2011 edition of the prestigious SRQ Magazine

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Hello, Sarasota Residents:

E. P. Ned Burke here to welcome you to Sarasota Magazette

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