Word: stipend
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What can be done? Lots. The Social Security retirement age could be raised higher than the current 65. Benefits could be means-tested so richer recipients would have more of their monthly stipend taxed. The system could be partly privatized, with more people responsible for their own retirement savings. Some of the system's money could be invested in stocks, which could reap a greater return than currently possible, as the trust fund invests only in Treasury securities...
Back when Archie played, football players were given a modest "laundry stipend" of $15. Nowadays they don't even get that, though television-rights fees have increased exponentially, and shoe money has pushed the income of some coaches into seven figures. According to NCAA rules, a player can't hold a part-time job during the school year, lest he neglect his studies, or worse, be given a no-show, easy-money position. The current executive director of the NCAA, Cedric Dempsey, has appointed a special committee to explore ways to help the welfare of student athletes...
...acts have been in rehearsal for a long time. The core of the U.S. soccer team has been together since December 1990, when it was formed in anticipation of the 1991 world championships. With only a $1,000-a-month stipend for living expenses, most of the team members had to move in with parents or depend on spouses for support, and the team had to play most of its games outside the U.S. to draw any crowds. Though they captured the world title in 1991, the U.S. players still won little fame and no full-time jobs. The team...
Since June 1, Union Summer activists have fanned out to 20 cities. Paid a stipend of $210 a week, they are given free housing: an East Boston, Massachusetts, convent; a Chicago youth hostel; a Beaufort, South Carolina, trailer park. They are joining protesting sewage-plant workers in Denver; demonstrating against unfair labor practices on riverboat casinos in St. Louis, Missouri; pressuring a Washington department store to stop buying suits made in sweatshops; offering legal advice to strawberry pickers in Watsonville, California. They are picketing beach hotels in Hilton Head, South Carolina; knocking on doors in Boston to organize hospital workers...
After all this torture, Pham suffered something almost as terrible: betrayal. The U.S. Army officers who recruited him had promised that if he were captured, his mother and father would receive a stipend while he was in prison. But the U.S. reneged on the deal. Officers visited his parents and told them Pham was dead, and his family received nothing during the 16 years he was held by the North Vietnamese. When he returned home in 1982, his parents thought they were seeing a ghost...