Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary “reading list” which will include very brief summaries of why each item has gotten our attention. Suggestions from readers for “reading list” items are gratefully reviewed, although sometimes space limits the number accepted.
- Class divide on campus: Adjunct professors fight for better pay, benefits (Norma Willis Aronowitz, NBC News) An example used in the story: Two professors with similar education, experience and teaching loads find one making 10x the pay of the other. Disclosure: Econintersect Managing Editor worked as an adjunct professor for 11 years, mostly in the SUNY (State University of New York) system. The teaching load ranged from 10 semester hours credit to 19 (one year) for a 12 month period. The pay escalated with experience, starting at $600 per semester hour and rising to a maximum of $900 after the eighth year. There were no benefits.
- James M. Cirona: In Memoriam (William K. Black, New Economic Perspectives) This tribute is in fact an explanation of how accounting control fraud can gut a corporation while the official reports show record profits.
- Careful: Corporate credit card charges can kill a career (Mason Braswell, Investment News) If only FINRA would be as diligent in dealing with the transgressions of financial institutions.
The rest of the post is for our premium content subscribers – Click here to continue reading.