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April 16, 2014

Selfless Crusader Against Income Inequality to Heroically Accept $225,000 For Nine Months of Sub-Part-Time Work from State-Funded Organization to Occasionally Give a Few Quotes About the Scourge of Income Inequality

$225,000 would be quite a rate of pay for a part-time job.

But this isn't even a part-time job. Former Enron shill Paul Krugman is now taking another "big money call" to promote the City University of New York's Luxembourg Income Study Center.

$225,000 for nine months of work.

What will Krugman to do to earn his $25,000 per month? Almost nothing at all. He's expected to "play a modest role in our public events” and “contribute to the build-up” to the school's new “inequality initiative.”

I assume "playing a modest role in our public events" is similar to Paris Hilton's modest role in public nightclub openings -- show up, eat a few shrimp hors de oevures, chin-chin a champagne fluter or two, go home for the night, watch 30 Rock reruns at 1:00 am.

He is not required to teach students or interact with them at all. He will be expected to appear at one (1) seminar at year's end.

Krugman wrote back: “I admit that I had to read it several times to be clear ... it’s remarkably generous.”

Indeed. Remarkably "generous."

Or is it "generous"? Generosity is what comes out of your own wallet. But this cash bonanza doesn't come out of the pockets of the CUNY officials making this "generous" offer, of course; it comes out of students' hides.

Despite being lavishly subsidized by the state, CUNY has been escalating student tuitions from $4800 in 2011 to $6330 by 2015.

“I just can’t afford that amount. That’s the reason why I came here was because I can afford it. I heard it’s a credible school. And now it’s going up. I’m thinking of finding another school to go to,” Davis told CBS 2's Hazel Sanchez.

Perhaps Krugman, the $25,000 Per Month Not-Even-Part-Time Man, can invite Mr. Sanchez to his single annual seminar and explain to him the evils of income inequality.



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posted by Ace at 05:13 PM

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