Word: collar
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...Meanwhile, the UAW has allowed new employees to be hired at lower wages. Under the 2007 contracts it signed with GM, Ford and Chrysler, new blue collar workers start at $14 per hour, rather than the $28 per hour paid senior employees. New workers also get a 401(k), instead of a defined-benefit pension plan, and a restricted menu of health-care plans...
...Madonna and Martha Stewart love it, as do Barack Obama, Bill and Hillary Clinton, Keanu Reeves and "Junk Bond King" Michael Milken, who organized a Scrabble tournament in the early 1990s at the white-collar prison where he was serving time for securities fraud. Even Queen Elizabeth II is a fan, perhaps in part because her first son was born the very same year that "Scrabble" became a trademark. (That coincidence did not go unnoticed in Britain. An artist commemorated the 60th birthday of Prince Charles and the board game by creating a portrait of the Prince entirely composed...
...longer and harder, for full rights. After the Civil Rights movement gained some headway and anti-discrimation laws were passed, it was easier for the South to become integrated because it was actively reversing the law. Many communities in the North remained de facto segregated and many white-collar jobs continued to be all-white occupations. Northern blacks were forced to continue fighting for equal standing and reintegregation well into the 1980s. Today, their struggle continues.The book not only provides an in-depth historical perspective but also reaches the reader at a more emotional level with its many anecdotes...
...While it may be extreme to expect U.S. district attorneys to demand the heads of Wall Street executives, the financial crisis has raised the stakes on white-collar sentences...
...firms that turned out to be poorly-managed, colossal houses of cards, ready to collapse at any moment. Doesn’t the latter class of actions beg for convictions and new sentences as much as the former? Why shouldn’t criminal negligence extend to white-collar board members...