Word: waged
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...have guided Harvard’s investments and continue to direct its handling of the endowment meltdown. Critical economic decisions are made under a shroud of secrecy; high administrators give vague answers to urgent educational questions; powerless directors are told to freeze hiring and salaries; hard-working, lower-wage staff who make Harvard function are laid off in the worst recession in 40 years by an institution that proudly touts its courses in ethics, religion, and morality...
Zelaya had sought to address such problems in Honduras, where 70% of the population lives in poverty and the richest 10% owns more than 40% of the wealth. But measures like a minimum-wage hike irked the political and business élite who fear Zelaya's ties to firebrand Venezuelan President Hugo Chávez. Zelaya overreached in June when he defied a Supreme Court order not to hold a referendum asking if a constitutional-reform assembly should be held. But instead of trying him legally for that crime, Zelaya's foes committed their own - flying him off to exile...
...therein lies the problem. For years the UAW and the Big Three - now dwindled to the Detroit Three - operated an unholy alliance. Management would pile on wage hikes and perks, and in return (wink, wink) the union would keep the peace, i.e., rule out strikes, even though both sides must have realized that the amount being paid to workers was unsustainable, particularly if the industry hit any downdrafts - which happened with increasing frequency starting with the 1973 OPEC oil embargo. (See the 50 worst cars of all time...
...Pelton, Cessna's CEO. "Then we will slowly crawl out of this predicament when corporate earnings improve in 2011." The demonization of corporate jets by Congress, prompted initially by the CEOs of the Detroit automakers, has helped kill thousands of jobs. The corporate-aviation market provided 1.2 million high-wage jobs in the U.S. before the financial crisis...
...heart of the problem, experts say, are the paltry wages that hinder the recruitment of good officers and encourage police to supplement their wages through graft and criminal rackets. Dymovsky, the Internet whistleblower, complained that his monthly wage as a policeman in the Black Sea port of Novorossiisk was only 14,000 rubles ($487) and that he worked extensive overtime for no additional pay. "What motivation is there to serve honestly?" said Kirill Kabanov, head of the National Anticorruption Committee, a nongovernmental organization. Many prospective recruits eschew police forces in favor of security agencies such as the Federal Security Service...