Word: underpaid
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Today’s SEC is too political and a fiendish meritocracy. Underpaid and undereducated, the SEC staff and enforcement personnel must bring home the bacon to headquarters, or their jobs are on the line. (Was Shapiro’s deciding vote against Goldman intended to make up for her sin of oversight with Madoff?) The SEC staff, like the traffic cop at the end of the month, must meet a quota for writing tickets—or, in effect, they must find some dirt on the companies they examine, whether it’s there...
...year-old lawsuit over royalties owed to Native Americans for use of tribal lands has finally drawn to a tentative close. The U.S. announced it would pay $3.4 billion to settle claims that it underpaid beneficiaries and mismanaged revenue from land it holds in trust for more than 300,000 Native Americans under an 1887 law. (The government oversees leases of land for mining, oil and gas drilling, livestock grazing and other uses.) The Federal Government also agreed to create a $60 million higher-education scholarship fund for Native American students. President Obama called the proposed settlement in Cobell...
Lower-level Indian police officers and border guards remain underpaid and undertrained, while being given almost unchallenged authority over the people they are meant to serve. A 26-year veteran of the Mumbai police told TIME that his monthly salary is Rs. 10,360 (about $230). Less than a week before the one-year anniversary of the Mumbai attacks, the Times of India reported that police officers assigned to round-the-clock duty guarding the Taj Mahal Palace and Towers Hotel had been provided with no quarters, so they were sleeping outside, under the Gateway of India monument...
...film chronicles the struggle of three illegal Latina immigrants who filed complaints against a group of garment sweatshops in Los Angeles in 2001. They alleged that the companies—which manufacture clothing for the distributor Forever 21—subjected them to labor violations ranging from underpaid 12-hour workdays to unsanitary work conditions...
...recent estimates by the Congressional Budget Office (CBO). (The Federal Government's costs here would primarily be the subsidies it gives low- and middle-income people to help pay their premiums.) Not surprisingly, that robust public option faces strong opposition from doctors and hospitals, who complain they are already underpaid by Medicare, as well as from insurance companies, who say they would not be able to compete. So while this version of the public option is House Speaker Nancy Pelosi's preferred one, she acknowledges she has yet to garner enough votes to pass it in the House...