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Monday, July 24, 2006

Morning News

Posted by on July 24 at 8:59 AM

Condoleezza lands in Beirut.

The American Bar Association accuses Bush of undermining the rule of law by claiming the power to disregard selected provisions of bills that he signed.

Arlen Specter calls Bush’s electronic surveillance program “a festering sore on our body politic.” But Specter’s bill has problems of its own, as Glenn Greenwald points out.

Pakistan is building a nuclear reactor capable of producing plutonium for 40-50 nuclear weapons a year.

Ariel Sharon inches closer to death.

Wage stagnation for workers with bachelor’s degrees.

Gas prices hit 25-year high.

Tiger wins the British Open.

Floyd Landis wins the Tour de France.

Miss Puerto Rico wins Miss Universe


CommentsRSS icon

any chance they'll keep Condi?

Beirut seems like the right place for Rice. Please, keep her, we're begging you!

That LA Times article on grads "making less" is such an illogical, poorly reasoned article. The law of averages can explain why they're making "less": the number of grads in the workforce has grown exponentially. This makes it harder to find higher paying work. Also, most of the subjects interviewed were Web designers, one of the most oversaturated worker pools of any line of work, complaining that they were ONLY making $50-70K per and ONLY getting one raise every 3 years. Given the average income is around $30K, that's actually pretty good, and any shortcomings has to be the product of bad money management.

Also, remember when raises were merit based? Oh, they theoretically are. So, maybe if you don't get a raise, it's because you haven't grown as a worker. Of course, the article never addresses that, and even omits a vital piece of information: what subject most of the interviewees got their degrees in. I'm pretty sure an Art History major's gonna have a harder time finding high paying work than an Engineering major.

And in fact, wages didn't actually go down unless you're accounting for inflation. They simply rose consistent with inflation, so they actually went UP.

Just a bad article from wire to wire that misses the point completely.

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