CEOs get a raise as average pay goes up 15 percent. Meanwhile, planned job cuts rose 7 percent in April, with the education sector hardest hit. The head of the European Central Bank said today that economic growth has to be central to the plan to get Europe out of its debt crisis. But a shift away from austerity will be easier said than done. Plus, Clinton and Geithner meet in China for talks; Tsunami trash headed to our Pacific shores; and older workers facing softening job market.