Money in a Minute: Headlines From Around the Web

In today’s news: CEOs make more than 300 times what you do, airlines will soon follow another new rule, bifocals go high-tech, ID theft protection companies exaggerate, and the price of college is a leading cause of dropouts.

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SALARIES: CEOs earn 343 times more than typical workers

What recession? If you’re a CEO at one of the nation’s largest companies, last year you earned an average of $11.4 million in total pay – “343 times more than a typical American worker,” CNN reports. ‘Their compensation was up 23% in 2010, compared to 2009.”

AIRLINES: Government to expand airline tarmac-delay rule

Airlines flying internationally will soon have to follow the tarmac-delay rules that domestic flights now do. “The change stems from a late-December debacle in which several planes loaded with international travelers were stuck for up to 10 hours on snowy New York runways,” the Associated Press reports.

TECH: Bye, bifocals! New specs change focus

This summer, bifocals may be replaced by a line of “electronic eyeglasses.” Developed by a Virginia company, they “let wearers toggle between two prescriptions, with settings for close-up and distance vision,” CNN reports. Only problem: You have to recharge them just like your cell phone.

CRIME: Claims by ID theft protection services are often overblown

Are you being scammed by the people who are supposed to protect you from scams? For-profit identity theft services have “some serious problems,” MSNBC reports, ” including misleading claims about preventing identity theft, unclear information about how services worked, and exaggerations about what guarantees or insurance is provided.” When you’ve read their story, see ours: Free ID Theft Protection

COLLEGE: Poll: Finances dictating college, career choices

One year of college at a state school now costs an average of $16,000 – and at a private university, $37,000. “Almost 6 in 10 students rely on loans to help with college costs, and nearly half who do say they’re uncomfortable with the debt,” the Associated Press reports. “Money problems, not bad grades, are the reason cited by most college students who have considered dropping out.”

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