wages
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Slapping the Pay Cuffs on Execs

Feb 4, 2009
Amending current TARP rules and regulations, President Obama is expected to put a $500,000 cap on executive salaries at companies that receive large amounts of bailout funds. It would mean major pay cuts for the likes of Bank of America CEO Kenneth Lewis, who took home more than $20 million in 2007.

Schwarzenegger Slashes Wages

Aug 1, 2008
Amid a state budget standoff, California Gov. Arnold Schwarzenegger has ordered that some 200,000 state workers receive only the federal minimum wage. That's a $1.45-per-hour cut from California's minimum wage. But the man who issues the checks, the state controller, says he will refuse to follow the order and, if necessary, will borrow funds to maintain present pay rates.

Lighter Skin Pays Off for Immigrants in U.S.

Jan 27, 2007
A new study of thousands of immigrants found that those with lighter skin earned more money than immigrants of similar background whose skin was darker. "On average, being one shade lighter has about the same effect as having an additional year of education," the study's author said.

Chief Justice Wants More Money

Jan 1, 2007
Chief Justice John Roberts made judicial pay the sole focus of his annual report, calling for a "substantial salary increase" for federal judges. Federal district judges currently earn the same amount as members of Congress -- $165,200 a year.