University President Takes Salary Cut to Help Minimum-Wage Workers

Raymond Burse believes in spreading the wealth. The interim president of Kentucky State University is giving up more than $90,000 of his annual salary to boost pay for the school’s minimum-wage employees. “This is not a publicity stunt,” Burse told the Lexington Herald-Leader. “You don’t give up $90,000 for publicity. I did this for the people. This is something I’ve been thinking about from the very beginning.” Thanks to Burse’s generosity, lower-paid workers will immediately see more money in their …

Why Is Basketball Legend Bill Russell Suing the NCAA?

This month, after five years of legal wrangling, the NCAA finally finds itself facing off in court against basketball legends Ed O’Bannon, Oscar Robertson, Bill Russell and more than a dozen other former college athletes, some long since graduated and even retired from professional sports. The issue in the class-action lawsuit? Whether former student athletes should, on graduation, be entitled to financial compensation for commercial uses of their images by the NCAA. The NCAA, which governs all college sports, has …

College Students: Ideal for ID Theft

If you have children or grandkids attending college, or about to graduate, it’s time to school them on the dangers of identity theft. Last year the Better Business Bureau deemed college students the “most at-risk” group for identity theft, and those in their 20s represented 1 in 5 of all victims (higher than any other age group), according to reports filed with the Federal Trade Commission. College students and recent graduates are often targeted because they’re ideal victims. Reasons: Many …

Why Your Children Should Help Pay for College

Spring means college admissions, and we still recall the agonizing wait for the mail carrier. A thin envelope brought bad news, a thick envelope acceptance. Today, though, the “envelope” arrives via email – and that’s not all that’s changed. These days, the sticker price for private colleges starts at about $40,000 a year, going much higher for a prestigious institution; in-state schools run about half that. Nearly as soon as the anxiety on the admissions front dissipates, it’s replaced by …