Wednesday, 8.12.15 ON THE WEB: www.yankton.net views VIEWS PAGE: [email protected] PAGE 4 Press&Dakotan The Press Dakotan

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CONTACT US OPINION PHONE: (605) 665-7811 (800) 743-2968 NEWS FAX: Environmental (605) 665-1721 ADVERTISING FAX: (605) 665-0288 WEBSITE: Steps Needed www.yankton.net ––––– SUBSCRIPTIONS/ SCOTTSBLUFF STAR HERALD (Aug. 5) On Monday, President CIRCULATION Barack Obama released the final version of the Clean Power Plan, Extension 104 designed to decrease greenhouse gas emissions from U.S. power [email protected] plants. The plan would increase regulations to limit the amount CLASSIFIED ADS of carbon power plants can emit. Specifically, the Environmental Protection Agency’s plan calls for the United States to cut its C02 Extension 108 emissions by 32 percent from 2005 levels by 2030, stricter than the [email protected] 30 percent in last year’s version. NEWS DEPT. Democrats laud the plan as a boon for the environment, while Extension 114 Republicans decry it as expensive, anti-industry and harmful to [email protected] jobs and the economy. In Nebraska, Gov. Pete Ricketts has come out SPORTS DEPT. against it, saying he’s concerned it would be a burden and costly to The Outrageous Extension 106 residents. [email protected] Other Republican opponents have tried or are trying to sue the ADVERTISING DEPT. government to block the regulations, including former Nebraska At- Extension 122 torney General Jon Bruning, whose lawsuit was dismissed. [email protected] Bold Nebraska, however, is praising the move as a “flexible, Ascent Of CEO Pay BUSINESS OFFICE common-sense rule” to reduce carbon pollution. “Creating a state Extension 119 plan with citizen input is the critical next step in doing our part to BY ROBERT B. REICH their political prowess in wangling these legal [email protected] reduce the amount of carbon pollution in Nebraska’s air,” said Jane Tribune Content Agency changes through Congress and state legisla- NEW MEDIA: Kleeb, the group’s executive director, according to the Associated tures. Extension 136 Press. The Securities and Exchange Commission It even turns out the higher the CEO pay, the [email protected] The political leaders of our neighbor to the west, Wyoming, are approved a rule last week requiring large pub- worse the firm does. COMPOSING DEPT. understandably opposed to this move. The governor and congres- licly held corporations to disclose the ratios Professors Michael J. Cooper of the Extension 129 sional delegation have come out against it, calling it a “regula- of the pay of their top CEOs to the pay of their University of Utah, Huseyin Gulen of Purdue [email protected] tory attack” and expecting possible job loss in the coal industry. median workers. University and P. Raghavendra Rau of the University of Cambridge recently * * * Wyoming supplies about 40 percent of the nation’s coal. Coal-fired About time. power plants are a primary CO2 polluter. For the last 30 years, almost found that the companies with the MANAGERS States can comply in three ways: 1. improve heat rates for coal- all incentives operating on Ameri- highest-paid CEOs returned about Gary L. Wood fired generators 2. switch out higher-emitting steam units for exist- can corporations have resulted in 10 percent less to their shareholders Publisher ing but lower-emitting combined-cycle combustion turbines fired by lower pay for average workers and than their industry peers. natural gas and 3. increase the use of renewable energy. higher pay for CEOs and other top So why aren’t shareholders holler- Michele Schievelbein ing about CEO pay? Because corpo- Advertising Director While the coal industry has much to lose with this new plan, the executives. green energy sector is rejoicing. Consider that in 1965, CEOs of rate law in the United States gives Jim Gevens To reduce the carbon emissions, we’ll need to replace our coal- America’s largest corporations were shareholders at most an advisory Circulation Director generated energy with wind, solar and gas, which complement each paid, on average, 20 times as much role. They can holler all they want, other. An oft-cited argument against the use of renewable energy is but CEOs don’t have to listen. Tonya Schild as average workers. Now, the ratio is Robert B. Larry Ellison, the CEO of Oracle, Business Manager that it’s unreliable, but that reliability can be offset with the use of over 300 to 1. received a pay package in 2013 valued natural gas. Not only has CEO pay exploded, REICH at $78.4 million, a sum so stunning Tera Schmidt Wind will play the largest role in this new plan, an energy sector so has the pay of top executives just Classified Manager that Oracle shareholders rejected it. that Nebraska has woefully neglected to develop. below them. That made no difference because El- Kelly Hertz Mark Becker, spokesman for Nebraska Public Power District, The share of corporate income lison controlled the board. Editor said NPPD is going to do a review of the EPA plan, which is a 1,560 devoted to compensating the five highest-paid In Australia, by contrast, shareholders page regulation document. Each state will receive an individual executives of large corporations ballooned have the right to force an entire corporate James D. Cimburek plan. After NPPD gets a final state plan in September of 2016, they from an average of 5 percent in 1993 to more Sports Editor board to stand for re-election if 25 percent will have a more definitive picture, Becker said. Nebraska will be than 15 percent by 2005 (the latest data or more of a company’s shareholders vote Beth Rye required to increase its non-carbon emissions from 26 percent to available). against a CEO pay plan two years in a row. Digital Media Director 40 percent. Becker said NPPD has done much to reduce emissions Corporations might otherwise have Which is why Australian CEOs are paid an Kathy Larson already, including using low-sulfur coal. devoted this sizable sum to research and de- average of only 70 times the pay of the typical Composing Manager In order to meet the requirements, NPPD may have to shut velopment, additional jobs, higher wages for Australian worker. some of their coal-fired plants down or run them less. Some may average workers, or dividends to shareholders The new SEC rule requiring disclosure of be converted over to natural gas, would require more pipelines in -- who, not incidentally, are supposed to be the pay ratios could help strengthen the hand of Nebraska. We all know how much Nebraskans favor pipelines. owners of the firm. American shareholders. Becker said it would take about 1,300 wind turbines to replace Corporate apologists say CEOs and other The rule might generate other reforms as * * * the Gerald Gentleman Station, the state’s largest electricity generat- top executives are worth these amounts DAILY STAFF well, such as pegging corporate tax rates to ing plant. It runs at 100 percent, Becker said. Last Friday in Nebras- because their corporations have performed so those ratios. Reilly Biel ka wind probably generated about 2,200 megawatts of energy. well over the last three decades that CEOs are Cassandra Brockmoller Under a bill introduced in the California Brandi Bue According to the White House, the plan will save the average like star baseball players or movie stars. legislature last year, a company whose CEO Rob Buckingham American family nearly $85 annually on energy bills in 2030 and cre- Baloney. Most CEOs haven’t done anything earns only 25 times the pay of its typical worker Caryn Chappelear ate tens of thousands of jobs. special. The entire stock market surged over would pay a corporate tax rate of only 7 percent, Randy Dockendorf That seems like a long time from now, but when we’re talking this time. Even if a company’s CEO simply rather than the 8.8 percent rate now applied to Jeannine Economy about the future of the earth, our coming generations’ environment played online solitaire for 30 years, the com- all California firms. Rachel Frederick and natural resources, it’s not long at all. Protecting our earth is an pany’s stock would have ridden the wave. On the other hand, a company whose CEO Jeremy Hoeck Nicole Myers utmost priority, and even though all these regulations might hurt in Besides, that stock market surge had less earns 200 times the pay of its typical employee Robert Nielsen the near future, they’re necessary to ensure the long-term quality of to do with widespread economic gains than would face a 9.5 percent rate. If the CEO earned Diana Smallwood life for people on the planet. with changes in market rules favoring big 400 times the pay, the rate would be 13 percent. David Stephenson companies and major banks over average The bill hasn’t made it through the legislature Cathy Sudbeck employees, consumers and taxpayers. because business groups call it a “job killer.” JoAnn Wiebelhaus Consider, for example, the stronger and The reality is the opposite. CEOs don’t create Brenda Willcuts jobs. Their customers create jobs by buying Alissa Woockman ABOUT THIS PAGE more extensive intellectual-property rights now enjoyed by major corporations, and more of what their companies have to sell. So The View page provides a forum for open discussion of issues and the far weaker antitrust enforcement against pushing companies to put less money into the * * * interests affecting our readers. Initialed editorials represent the opinion hands of their CEOs and more into the hands of them. their average employees will create more jobs. Published Daily of the writer, but not necessarily that of the PRESS & DAKOTAN. Add in the rash of taxpayer-funded bail- Bylined columns represent the view of the author. We welcome letters on The SEC’s disclosure rule isn’t perfect. Some Monday-Saturday outs, taxpayer-funded subsidies, and bank- corporations could try to game it by contracting Periodicals postage current topics. Questions regarding the Views page should be directed to ruptcies favoring big banks and corporations out their low-wage jobs. Some industries pay paid at Yankton, South Kelly Hertz at [email protected]/. over employees and small borrowers. their typical workers higher wages than other Dakota, under the act of Not to mention trade agreements making it industries. March 3, 1979. easier to outsource American jobs, and state But the rule marks an important start. Weekly Dakotian IN HISTORY legislation (cynically called “right-to-work” established June 6, 1861. laws) dramatically reducing the power of Robert Reich is Chancellor’s Professor of Yankton Daily Press and By The Associated Press the Mars Reconnaissance Orbiter, began unions to bargain for higher wages. Public Policy at the University of California at Dakotian established April Today is Wednesday, August 12, the a seven-month voyage to the Red Planet. The result has been higher stock prices Berkeley and Senior Fellow at the Blum Center 26, 1875. 224th day of 2015. There are 141 days left Sri Lanka’s foreign minister (Lakshman but not higher living standards for most in the year. Kadirgamar), an ethnic Tamil, was shot to for Developing Economies. His new film, “In- Postmaster: Send Americans. equality For All,” is now out on Netflix, iTunes address changes to Yankton Today’s Highlight in History: On death by snipers in Colombo. August 12, 1985, the world’s worst single- Five years ago: General Motors Which doesn’t justify sky-high CEO pay and Amazon. Daily Press & Dakotan, aircraft disaster occurred as a crippled Co. chief Ed Whitacre announced he unless you think some CEOs deserve it for 319 Walnut, Yankton, SD Japan Airlines Boeing 747 on a domestic was stepping down as CEO on Septem- 57078. flight crashed into a mountain, killing 520 ber 1, 2010, saying his mission was ac- people. (Four people survived.) complished as the company reported its * * * On this date: In 1867, President An- second straight quarterly profit. (Whitacre LETTERS TO THE EDITOR drew Johnson sparked a move to impeach was succeeded as CEO by GM board MEMBERSHIPS him as he defied Congress by suspending member Daniel Akerson.) Secretary of War Edwin M. Stanton. One year ago: Steve Ballmer offi- Tree Problems said it first was right — “war is hell.” But I am so The Yankton Daily thankful to the men and women who have served Press & Dakotan is a In 1898, fighting in the Spanish-Amer- cially became the new owner of the Los Lois Harris, Yankton member of the Associ- ican War came to an end. Angeles Clippers; the sale closed after a and sacrificed. In 1902, International Harvester Co. California court confirmed the authority of This is in regards to damage done to my prop- This Riverboat Days we celebrate our veter- ated Press, the Inland was formed by a merger of McCormick Shelly Sterling, on behalf of the Sterling Daily Press Association erty by my neighbor west of me by trees. ans — “Red, White and Blue, We Thank You!” It Harvesting Machine Co., Deering Har- Family Trust, to sell the franchise. (Her This is the third time it has happened. I had and the South Dakota vester Co. and several other manufactur- husband, Donald Sterling, had unsuc- should be a real dandy! Look for veterans in the Newspaper Association. ers. cessfully fought the sale of the team he all my trees removed around my house so I parade. Give them a smart salute and a hearty The Associated Press In 1915, the novel “Of Human Bond- owned since 1981 in court.) Lauren Ba- would not have this problem. thank you! I suspect that there will be a few is entitled exclusively age,” by William Somerset Maugham, was call, 89, the slinky, sultry-voiced actress Why is it I have to pay for removal when they surprises in the parade, so don’t miss this one. It to use of all the local first published in the United States, a day who created on-screen magic with Hum- cause the problem? They do not keep their trees will never be replicated again. news printed in this before it was released in England. phrey Bogart in “To Have and Have Not” trimmed. I do not sleep in my bedroom when the newspaper. In 1939, the MGM movie musical “The and “The Big Sleep” and off-screen magic After the parade, join me at the Old Mill Wizard of Oz,” starring Judy Garland, had in one of Hollywood’s most storied mar- wind blows in fear they will come down on my (across the street from the Ice House) for a meet * * * its world premiere at the Strand Theater riages, died in New York. house. I had some come down on the edge and and greet. Although I have focused on World War in Oconomowoc, Wisconsin, three days Today’s Birthdays: Former Sen. on to my deck, which the boys took away. This II veterans, each and every veteran should come SUBSCRIPTION before opening in Hollywood. Dale Bumpers, D-Ark., is 90. Actor In 1944, during World War II, Joseph George Hamilton is 76. Actress Dana last time I had to have a tree service come in. as the public is invited to share a story, shake a RATES* P. Kennedy Jr., eldest son of Joseph and Ivey is 74. Actress Jennifer Warren is 74. I want to know what can be done. hand, view history (including military vehicles, (Payable in advance) Rose Fitzgerald Kennedy, was killed with Rock singer-musician Mark Knopfler (Dire ——— weapons, uniforms, etc.) and just enjoy the mo- CARRIER DELIVERY his co-pilot when their explosives-laden Straits) is 66. Actor Jim Beaver is 65. EDITOR’S NOTE: The Press & Dakotan con- Navy plane blew up over England. Singer Kid Creole is 65. Jazz musician ment. We are a fortunate people and I continue 1-month...... $12.09 tacted county officials about this matter, and they to serve as a megaphone for those who have 3 months...... $36.27 In 1953, the Soviet Union conducted Pat Metheny is 61. Actor Sam J. Jones is a secret test of its first hydrogen bomb. 61. Actor Bruce Greenwood is 59. Country said they could find no negligence in this situation. served. 6 months...... $72.53 In 1960, the first balloon commu- singer Danny Shirley is 59. Pop musician If you are a Rosie the Riveter, were a nurse 1-year...... $133.09 nications satellite — the Echo 1 — was Roy Hay (Culture Club) is 54. Rapper Sir during WW II, have some connection to the MOTOR ROUTE launched by the United States from Cape Mix-A-Lot is 52. Actor Peter Krause is 50. A Celebration Of Vets (where available) Canaveral. Actor Brent Sexton is 48. International nuclear age, used the GI Bill, remember where 1 month...... $14.51 In 1962, one day after launching An- Tennis Hall of Famer Pete Sampras is 44. Dave Hosmer, Yankton you were when President Roosevelt died, or drian Nikolayev into orbit, the Soviet Un- Actor-comedian Michael Ian Black is 44. 3 months...... $43.53 As I write this letter, I think about the events remember seeing returning veterans, please give ion also sent up cosmonaut Pavel Popo- Actress Yvette Nicole Brown is 44. Actress of 70 years ago. A bomb was dropped. Our me a call at 661-2947. I would love to hear your 6 months...... $87.05 vich; both men landed safely August 15. Rebecca Gayheart is 44. Actor Casey Af- 1 year...... $139.14 In 1978, Pope Paul VI, who had died fleck is 40. Rock musician Bill Uechi (Save military men found out about it shortly after the memories. And, if you have a loved one who MAIL IN RETAIL August 6 at age 80, was buried in St. Pe- Ferris) is 40. Actress Maggie Lawson is event. They were confused. An entire city with served in WW II, please consider displaying his Trade Zone ter’s Basilica. 35. Actress Dominique Swain is 35. Ac- one bomb? How big was that bomb? How big was or her picture along with a biography. Call me. In 1981, IBM introduced its first per- tress Leah Pipes (TV: “The Originals”) is the plane? Very few people understood the con- There will be many of these memories at the Old 1-month...... $16.93 sonal computer, the model 5150, at a 27. Actress Imani Hakim is 22. 3 months...... $50.79 press conference in New York. Thought for Today: “The secret to sequences. But it saved the lives of many men Mill on Aug. 22 from noon to 6 p.m. 6 months...... $101.57 In 1994, Woodstock ’94 opened in life is meaningless unless you discover it and women that I have interviewed. Whoever 1-year...... $148.82 Saugerties, New York. yourself.” — From “Of Human Bondage” MAIL OUTSIDE Ten years ago: A NASA spacecraft, by W. Somerset Maugham (1874-1965). RETAIL TRADE ZONE 1 month...... $19.35 DESTINY: “Our republic and its press will rise or fall together.” 3 months...... $58.05 FROM THE BIBLE 6 months...... $116.09 — Joseph Pulitzer 1-year...... $186.33 I will put My law within them, and I will write it on their hearts. * Plus applicable sales tax Jeremiah 31:33. Portals of Prayer, Concordia Publishing House, St. FREEDOM OF THE PRESS: It’s Your Right To Know! for all rates Louis.