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Good Day, Bad Day
December 5, 2007
GOOD DAY FOR: Graffiti artists, after thieves have taken out 700 streetlights in Los Angeles to steal 370,000 feet of copper wire, amid soaring copper prices. The city has spent $1 million repairing the lights so far. “If I had an extra million dollars I could put 10 graffiti crews on the streets,” said L.A. Public Works Commissioner Cynthia Ruiz. (Los Angeles Times, free registration required)
BAD DAY FOR: The average worker, as salaries in 2008 are forecast to rise a flat 3.9 percent, just slightly above the 3.5 percent annual inflation rate recorded in October. One-time bonuses and awards are making up more of companies’ compensation packages, but they mostly go to high achievers and top executives. (MarketWatch)
of The Week magazine.