if you earn less than me, you'd be considered underpaid. that is the problem with the standard approach on things. you are not comparing apples to apples. there are different types of degrees in terms of their river -- in terms of their record -- rigor and we assume there is a range of quality of colleges, harvard might be better than others -- the standard approach to teacher pay that if teachers are in less than the average, it means they are being cheated or underpaid. it might simply be that the rigor of education is lower than the average. there is evidence to that. host: if we come out of graduate school and you have a master's degree in engineering and i've a master's degree in education, our salaries should be similar? guest: the standard answer assumes that it would be the center of our study does not assume that. we cannot assume that all the grease have exactly the same quality in terms of what they will bring later in life. host: we will go back to the phones. our next call comes from carlsbad, new mexico, on our line from repub

you determined overall that teachers are not underpaid. explain. >> well, i want to say the main motivation for the report is this widespread perception, i actually call it a misperception that teachers are underpaid, we hear it from politicians, layman, republicans, democrats, we find it is just not true. as you mentioned, teachers who teach right now in public schools make about 50% more as teachers than they would in the private sector. and specifically, we don't think salaries are excessive fwherks right. the prin fringe benefits push teachers over the edge. >> fringe benefits like what? >> pensions, for example, government pensions are highly valuable benefits. if you look at the end benefit what people collect in retirement, ends being three or fuhr times more than what you can get with a 401(k). >> we will tweet a link to the entire report, the teachers fume writing now can look at the whole report and see your methodology. i want to bring in randy wine garth tonight discussion, president of the american federation of teachers. you

. >> are members of lobbyists underpaid? it has always been weird to me that someone like yourself, who at the time was making millions of dollars a year, sitting across from a chief of staff making $120,000 a year, but controlling billions, and they are looking at you and they see how much money you make, it's only huch man nature that they say, what's going on here? >> that's exactly right. it's that very human nature that i think needs to be assessed. it's the total ban of crossing that rubicon into the lobbying world. i don't know if they are overpaid or underpaid. i think they are paid plenty compared to most americans. they shouldn't be there that long. they should come and serve the country on a limited basis and then go back to their lives. one of the things that i propose in the book is term limits. as a lobbyist, i opposed. that's because i didn't want to have somebody that i met and developed a relationship with over time, having disappeared having spent a few years to getting to know them. >> you don't think term

they are underpaid and understaffed.f they had more staff here maybe this wouldn't have happened. >> reporter: and you're seeing live look again of the massive memorial right here outside the police department. a lot of candles and flowers and a lot of personal notes written on this american flag. we're also learning more about officer capoot. he was survived by his wife and three daughters. one is a teenager. two of them in their early 20s. one of the sergeants did tell us in the conference that a lot of people have been calling. how can they help the family? they are hoping to set up a trust fund or a college fund for his daughters. back to you. >> gil, i guess he was a coach and just a really good man. are we learning any more about the suspect himself and were vallejo police familiar with this guy? >> well, they aren't commenting. they won't elaborate as to whether he has a prior criminal history but like i said, they believe he acted alone. he was found with a handgun at the incident. they do know he entered that ba

maybe that letter that i wrote to my senator or that letter i wrote to my congressman that they're underpaid gotten through off somewhere on. overpaid through all going down somewhere that never got to them maybe this is the only way that they can hear what i'm wondering if you think that my last room if you want to go somewhere and getting needs leaders and that's going to need a specific base for the most identify with up an interesting point i think the very beginning of the movement of the word no ever present leaders because people were afraid that the movement would simply be decapitated from the very head. or. use that individual. as leverage against other people that were just as powerful in the movement so what they wanted to do was at first have no centralized leadership that could be attacked. and then later on they were as far as i know electing people were going to be spokespersons for specific issues but now they have a general assembly and they have an assembly about race you know about all those simple issues that can be put into writing in a few sentences but that requires a

spraying fourth world parliament or some other protest with trying to sneak through on continual are underpaid very serious ministers tribulation probably crisis banks as well but that the time has come where when russia is actually in a position to advise its former mentors to be real to me here for sufficiently good results so too. was. advice if the advice is to quest at the bar and also to contribute to stability share with rotten polish his goods or. we. should put in the european package why the interest from one but from mr right we can also mine that could be used in different way otherwise are we ready to lend financial support to the european union like china for instance we were looking critically at providing a direct financial support plus your. great information my dear friend if we are requested to provide direct wonderful support we'll consider that and will consider the most efficient to waste of your articles what about the great plan trees a lot of people look up to them as like the last drop of hope what should they do to maintain global financial stability all greek contra

a big equally sprain portable ride and some other predators with qantas need to continue to are underpaid equally serious made millions to stop us public francis banks as well but you feel that the time has come when one pressure is actually in a position to advise its former mentors of the road to rehearse. with official good results the will. was. voice if the advice you've requested and also the war contribute to the stability here we. are all fighting szell resource we. put separate in the european package and why the international mindset from mr right because most of mine could be used in different way rather reiss are we ready to lend financial support to the european union like china for instance we were looking to provide any direct financial support plus your third review but separate the international monetary fund if you request the proper way for the referential support we'll consider that and consider the most efficient waste of your articles what about the plan to raise a lot of people look up to them as like the last couple hope what should they do to maintain global finan

if you earn less than me, you'd be considered underpaid. you are not comparing apples to apples.re are different types of degrees in terms of their river and we assume there is a range of quality of colleges, harvard might be better than others -- the standard approach to teacher pay that if teachers are in less than the average, it means they are being cheated or underpaid. it might simply be that the rigor of education is lower than the average. there is evidence to that. host: if we come out of graduate school and you have a master's degree in engineering and i've a master's degree in education, our salaries should be similar tax guest? guest: the standard answer assumes that it would be the center of our study does not assume that. we cannot assume that all the grease have exactly the same quality in terms of what they will bring later in life. host: we will go back to the phones. our next call comes from carlsbad, new mexico, on our line from republicans. caller: i remember reading your article when it came out on the national review. i thought was interesting but i have a f

maybe that letter that i wrote to my senator or that letter i wrote to our congressman that they're underpaid gotten through off somewhere or overpaid through all because somewhere that never got to them maybe this is the only way that they can hear what you think obama is in this movie gattaca if i was straight it's supposed to be nonpartisan right supposed to be the ninety nine percent versus the one percent but it is going to be time mostly a last minute and you think that obama is actually inhibiting in some way because now you have to laugh which is split on their opinion over obama whether they're going to go out and vote for him in twenty four i think you resisting trying to go along with something the republicans will probably pick romney. he's not going to beat obama. obama is ten times the campaigner that he is the president and i don't mean that as an insult i mean that as a compliment to you mr president because you could just say anything and bill by and they'll believe you know if we had invaded libya and if we had decided to intervene in all these other countries under a differ

three-year high according to the labor department but they are hard to fill because they are either too underpaidto advanced ... there are more than two people vying for each job opening zillow says that chicago home values are down and the number of homes under water are on the rise one of every to homeowners with mortgages under water ... more than 100 gatt and old navy stores will be opened thanksgiving day ... you may want to check ahead to see which are open trading is down across the board in the markets because of the uncertain situation in europe particularly the prospect of an italian bailout. with veterans day coming up soon there was a special surprise today for some local military veterans muriel clair joins us live from the chicago historical museum >>the wish of along toa lifetime organization honored world war two veterans today. 91 year-old elisabeth and listed in the waves in the navy in world war two >>i don't know what happened to all of the veterans there weren't very manner of usy of us.. >>she said that the dream of a lifetime would be to reconnect with some of those women t

maybe that letter that i wrote to my senator that letter i wrote to my congressman that they're underpaid even gotten through off somewhere or over paid the wall going down somewhere that never got to them maybe this is the only way that they can hear. it's easier for if you want to hear your voice right i mean hear if you're feeling hear your voice hear populaire artists you get out there you have so many campbell it's probably easier for me to leave your voice because you're on t.v. every day but i'm wondering if you think that i wasn't moving if it wants to go somewhere it's going to need leaders and it's going to need a specific space for people to identify willing up an interesting point i think the very beginning of the movement there were no ever present leaders because people were afraid that the movement would simply be did capitated from the very head. or. use that individual. as leverage against other people that were just as powerful in the movement so what they wanted to do was at first have no centralized leadership that could be attacked and picked all and then later on the

because nobody is going to be able to afford go be a congressman and take half pay at a job that is underpaid as it is. pay a little more, and maybe you will attract other people that aren't as wealthy and get them into these jobs. i think this is a pre market issue. >> it is a bit of a dim bulb. >> i don't think that's what he is saying. let me ask thurks you can argue the reason so many members of congress are wealthy is they had successful careers before entering politics, so we should be thankful they turned to public service. >> i will defend that point to a certain degree because we don't want just career politicians in these roles. we do want people who ran businesses and held jobs and worked their way up the ladder so they really set an example for the american people. i will say there appears to be a bit of conflict of interest at times because of the wealthy nature of congress. they tried to speak for the people and for our needs, but they don't necessarily understand them because they are living so high. >> exactly. perry is suggesting we pay congress next to nothing so they would

. >> i cannot tell you the number of women who i know who have been underpaid on the job, undervalued i don't want to seem like i'm tooting my own horn. they feel like i got this offer, should i consider? what if they give the job to somebody else willing to make less money? many women definitely feel at a disadvantage at the bargaining table when it comes to the jobs. >> i will tell you working with clients over 20 years, and unfortunately i have a lot of widows as clients as time has gone on. i found that the longer you work with somebody, a woman in particular, eventually they can be on the exact same plain as a man. once any crunch the numbers, it may take more time to come around, but they can be exactly identical in terms of risk level. they don't come in that way, but just explaining it and what you need to do to get there, they're very smart obviously, and they can figure it out and get on the same plain. >> that's why a lot of women are being unemployed less than men, because the men came in with the huge numbers, the big impact, a deep impact i called it, whereas the women w

you guys way underpaid for what you can do. >> thank you very much. >>> up next, it's been 48 years - assassinated in dallas. now never-before-seen video to show how oswald acted alone. this is "hardball" on msnbc. ♪ ♪ ♪ ...don't matter what you saying. ♪ ♪ don't matter what you do. ♪ my heart is yours for keeping. ♪ ♪ do with it what you choose. ♪ and you ooohoohooh... ♪ you are my heart... [ male announcer ] vera wang love. ♪ oh yes you do... the new diamond bridal collection from vera wang. exclusively at zales. >>> let's once again check the "hardball" scoreboard. in new hampshire, no surprise mitt romney is well ahead of his republican rivals. a new poll has him nearly three times with three times the support of second place candidate newt gingrich and ron paul. but when you broaden it out nationally, it's newt gingrich in the lead. the new quinnipiac poll has gingrich at 26 and romney stuck at 22 andk.n ♪ silent night ♪ holy night ♪ sleep in heavenly peace ♪ sleep in heavenly peace ♪ sleep in heavenly peace ♪ sleep in heavenly peace since ameriprise financial was founded back in

you guys way underpaid for what you can do.ery much. >>> up next, it's been 48 years -- you too, joan. 48 years since president kennedy was assassinated in dallas. now a new documentary used never-before-seen video to show how oswald acted alone. this is "hardball," only on msnbc. or creates another laptop bag, or hires another employee, it's not just good for business. it's good for the entire community. at bank of america, we know the impact that local businesses have on communities. that's why we extended $13.2 billion to small businesses across the country so far this year. because the more we help them, the more we help make opportunity possible. >>> let's once again check the "hardball" scoreboard. in new hampshire, no surprise mitt romney is well ahead of his republican rivals. a new suffolk poll has him nearly three times with three times the support of second place candidate newt gingrich and ron paul. but when you broaden it out nationally, it's newt gingrich in the lead. the new quinnipiac poll has gingrich at 26 and

you guys way underpaid for what you can do. >> thank you very much. >>> up next, it's been 48 years - since president kennedy was assassinated in dallas. now a new documentary used never-before-seen video to show how oswald acted alone. this is "hardball," only on msnbc. >>> let's once again check the "hardball" scoreboard. in new hampshire, no surprise mitt romney is well ahead of his republican rivals. a new suffolk poll has him nearly three times with three times the support of second place candidate newt gingrich and ron paul. but when you broaden it out nationally, it's newt gingrich in the lead. the new quinnipiac poll has gingrich at 26 and romney stuck at 22, and herman cain sinking hard at 14. we'll be right back. >>> as the motorcade turns onto houston street, hugh's camera inadvertently trains on the texas school book depository building. after undergoing the ground-breaking process of scanning and restoration, does hugh's high-resolution film show the sniper taking aim from the sixth floor window. >> after the shots were fired he happened to look up at the sixth floor. >>

i'm thinking i was getting underpaid. [laughter] >> you actually brought up a good point, which again another one of the frustrations internally was the media had no information that we have. as more sources came forward and shared information with the journal and other reporters and they would call us, we think what is this? out of left field team to go chirico and jedi and other raptures. we looked at each other and said -- >> you have to be making these things up, right? >> early on there was clearly -- >> but he still believed in the company is a year ago -- 10 years ago today that the deal from energy was announced that its going to essentially buy enron and in a much smaller competitor basically. when that happened, one that came about, how did that change your perception of the seriousness of the problem quite >> is the saving grace in what would get us out of the crisis. dynegy was going to reject enron and i was going to shore up our their balance sheets and everything would be fine. i'm sure can't wait that we w

i'm thinking i was getting underpaid.laughter] >> you actually brought up a good point, which again another one of the frustrations internally was the media had no information that we have. as more sources came forward and shared information with the journal and other reporters and they would call us, we think what is this? out of left field team to go chirico and jedi and other raptures. we looked at each other and said -- >> you have to be making these things up, right? >> early on there was clearly -- >> but he still believed in the company is a year ago -- 10 years ago today that the deal from energy was announced that its going to essentially buy enron and in a much smaller competitor basically. when that happened, one that came about, how did that change your perception of the seriousness of the problem quite >> is the saving grace in what would get us out of the crisis. dynegy was going to reject enron and i was going to shore up our their balance sheets and everything would be fine. i'm sure can't wait that we wou

pay nearly what a good lawyer can make in the private sector, and certainly our teachers who are underpaid throughout this country take jobs for reasons, reasons beyond compensation. and you look at the private sector, and vikram pandit of citigroup says he's not going to take any compensation until the company turns a profit. don't you think we could get qualified people to do your jobs and the jobs of those other senior executives without having to pay million of dollars? >> congressman, i'm happy to address that question because, first of all, as i noted this is a new teamment we've reduced executive compensation by 50%, we've reduced the number of senior executives by 30%. but i can tell you are these jobs competitive? yes in the course of three months i lost five senior vice presidents out of the company to financial services and other companies where i can assure you they were making more money and had better career prospects as a result. these are challenging jobs in challenging circumstances, and we need to pay and reward the people who are doing the jobs. >> i see that my time is

certainly, our teachers who are underpaid throughout this country take jobs for reasons beyond compensationyou look at the private sector. vikram pandit of citigroup says he will not take compensation until the company turns a profit. do you think we could get qualified people to do your jobs and the jobs of those other senior executives without having to pay millions of dollars? >> congressman, i am happy to address that question. first of all, as i noted, this is a new team. we have reduced executive compensation by 50%. we have reduced the number of senior executives by 30%, but i can tell you -- are these jobs competitive? >> yes. in the course of three months, i lost by a senior vice presidents out of the company to financial services in other companies where i can assure you they were making more money and had better career prospects as a result. these are challenging jobs in challenging circumstances, and we need to reward the people who are doing the jobs. >> i see that my time is about to expire. i apologize for not getting to you, mr. alderman. >> mr. davis of illinois is recogniz

underpaid. bob and greg, nice to see both of you. at the bottom of the screen. coming up, the penn state sex scandal has been under investigation for years and chris wallace talking to the pennsylvania concern tom corbitt, a big player in that. up next. and the white house spending millions on a vaccine that might not exist. why do they do that? we'll show you some reasoning coming up. your r ♪ a healthy weight. campbell's -- it's amazing what soup can do. somebody didn't book with travelocity, with 24/7 customer support to help move them to theool daddy promised! look at me, i'm swimming! somebody, get her a pony! [ female announcer ] the travelocity guarantee. from the price to the room to the trip you'll never roam alone. ♪ from the price to the room to the trip you want to save money on car insurance? no problem. you want to save money on rv insurance? no problem. you want to save money on motorcycle insurance? no problem. you want to find a place to park all these things? fuggedaboud it. this is new york. hey little guy, wake up

and certainly, the teachers who are underpaid throughout this country, take jobs for reasons beyond compensation. look at the leadership of citigroup. he said he will not take any compensation until the company turns a profit. don't you think we could get qualified people to do your jobs and the jobs of other senior executives without having to pay millions of dollars? >> congressman, i'm happy to address that question because, first of all, as i have noted, this is a new team. we have reduced executive compensation by 50%. we have reduced the number of senior executives by 30%. are these jobs competitive? yes, in the course of three months, i lost five senior vice president. and lost them to financial services and other companies where i can assure you they are making more money better career. these are challenging jobs and challenging circumstances. we need to reward the people who were doing the jobs. >> i apologize for not getting to you. thank you. >> you are recognized for five minutes. >> when you announced these packages in 2009, you issued a press release explaining the salaries were ne