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salaries
Number of Federal Workers Earning Over $150,000 Doubles Under Obama
By Steven Hoffer - AOL News(Nov. 12) -- Working for the federal government is a good gig, if you can get it. The number of federal employees raking in over $150,000 a year has multiplied tenfold in the past half decade and doubled since Barack Obama became president, according to a USA Today analysis. Rep. Jason Chaffetz, R-Utah, who will oversee a panel addressing federal pay levels, suggests that federal workers consider an immediate pay freeze along with a 10 percent salary reduction. "It's stunning when you see what's happened to federal compensation," Chaffetz says. "Every metric shows we're heading in the wrong ...
John Elway Just One of Many Athletes to Lose Millions
By Paul Wachter - AOL News(Oct. 15) -- Former Denver Broncos quarterback John Elway and a business partner invested $15 million with a hedge-fund manager who allegedly was running a Ponzi scheme. The news is not surprising on at least two fronts: 1) It's the Bernie Madoff era, and we're discovering more and more investment charlatans. 2) Also, pro athletes have a bad habit of losing millions in ill-conceived business deals. In the past year or so, former NBA forwards Antoine Walker and Derrick Coleman, who earned nearly $200 million combined in their long basketball careers, filed for bankruptcy. Bad real estate deals ...
Math Check: New York Times Fudges Auto Workers' Salaries?
By Paul Wachter - AOL News(Oct. 8) -- How much do auto workers really make nowadays? On Thursday, the New York Times ran a piece on General Motors' plans to build a new subcompact car in the United Sates with union labor. Deep into the story, the reporters (Bill Vlasik and Nick Bunkley) cited the following figures on auto workers' salaries: "Where the average G.M. worker earned over $70 an hour in wages and benefits before bankruptcy, the figure is now about $57, according to a study the Center for Automotive Research in Ann Arbor, Mich.," they wrote. Indispensable economist Dean Baker, who writes a blog critiquing ...
The 5 Fastest Growing Occupations? Not the Tops
By David Knowles - AOL News(Aug. 27) -- The key to economic recovery following one of the worst recessions in U.S. history can be summed up in a single word: jobs. A new report from the Economic Policy Institute, however, is shedding some light on the fastest growing sectors of the job market, and concludes that the nation's employment picture is still leaving a lot to be desired. Using figures provided by the Bureau of Labor Statistics, the nonprofit thin tank discovered that the five fastest growing occupations in America from 2006 to 2009 were as follows: Food preparation and serving Home health aide ...
Huge Salaries Cost California City Officials Their Jobs
By not in system - AOL NewsBELL, Calif. (July 23) -- Three administrators whose huge salaries sparked outrage in this small blue-collar suburb of Los Angeles have agreed to resign, the City Council said Friday. Council members emerged from an hours-long closed session at midnight Friday and announced that they'd accepted the resignations of Chief Administrative Officer Robert Rizzo, Assistant City Manager Angela Spaccia and Police Chief Randy Adams. Rizzo was the highest paid at $787,637 a year - nearly twice the pay of President Barack Obama - for overseeing one of the poorest towns in Los Angeles County. Spaccia ...
White House Salaries Revealed: It's Good to be an 'Assistant'
By Christopher Weber - Politics DailyMy mother raised me to believe it is impolite to talk about other people's money. But I bet even Mom would admit a guilty fascination, as I do, with the swollen salary of this major league shortstop or that star of the weekend blockbuster -- especially compared to what we might imagine a neighbor makes a year. Of course, when you work in government, your income is often a matter of public record. In fact, for the past 14 years, the White House has been required to deliver a report to Congress listing the title and salary of every worker on the president's office staff. (The president, as is ...
Federal Employee Pay Raises Reduced
By Mark Impomeni - Politics DailyInvoking his authority to set an alternative pay schedule for Federal employees in times of national emergency, President Bush has scaled back scheduled pay raises for thousands of Federal government employees. Federal employees are scheduled to receive an across the board pay raise of 2.5% at the beginning of next year, which will remain in effect. But many were also slated to receive cost-of-living adjustments averaging 12.5% on top of the general wage increase. That would have brought the total pay raise for some Federal employees to 15% next year.President Bush has eliminated the ...
Bud Selig Does OK For Himself
By Eamonn Brennan - AOL NewsI had always sort of wondered how much commissioners of the various major sports make. Is it a more modest salary, similar to the $200,000 or so the President of the United States takes (which is usually a paycut for most presidents)? Or is it a heaping chunk of change? Well, for MLB Commish Bud Selig, it is, in fact, a heaping chunk of change. A very heavy, $14.5 million heaping chunk of change:Baseball commissioner Bud Selig earned as much in fiscal 2005 as some of the league's top players. ...The publication, citing unidentified sources, said Selig received a $6 million base salary, an ...
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