According to recent surveys, 35 private university presidents and 4 public university presidents topped $1 million in income during the 2011-2012 fiscal year. Meanwhile, the vast majority of university faculty today are "contingents" -- either part-time or full-time with little to no job security -- and earn only a tiny fraction of these amounts. Even faculty with "regular" appointments are experiencing pay cuts and are rapidly falling far behind the income of their campus bosses.
In 2012, world military expenditures totaled $1.75 trillion and, once again, the world's biggest military spender by far was the U.S. government, whose outlays for war and preparations for war amounted to $682 billion -- 39 percent of the global total. The United States spent more than four times as much on the military as China (the number two big spender) and more than seven times as much as Russia (which ranked third). Thus, although studies have found that the United States ranks 17th among nations in education, 26th in infant mortality, and 37th in overall health, there is no doubt that it ranks first when it comes to war.
Although the Lockheed Martin Corporation is an immensely wealthy business enterprise, it is battling for a multimillion dollar handout from the State of Maryland. And the legislators of that state, cozy with Lockheed Martin, seem en route to authorizing it.
At this time of severe cutbacks in government funding for food stamps, early childhood education, and meals on wheels, some Maryland legislators are hard at work in an attempt to shovel millions of dollars into the coffers of one of the world's wealthiest corporations: Lockheed Martin.