|
||||
|
On January 10, the House voted overwhelmingly to raise the federal minimum wage from $5.15 an hour to $7.25, the increase to be phased in over the next two years. The Senate has yet to vote on the issue. On January 12, the New York Times published a story by David Cay Johnston that . . . → Read More: The Minimum Wage and the IRS “As Workers’ Pensions Wither, Those for Executives Flourish; Companies Run Up Big IOUs, Mostly Obscured, to Grant Bosses a Lucrative Benefit; The Billion-Dollar Liability.” The June 23 Wall Street Journal headline tells the story: GM and other big corporations cut pensions for the rank-and-file–complaining all the while of “legacy costs”–while they . . . → Read More: The Wedge Mike Hudson has scored the cover story in the May Harper’s: “The New Road to Serfdom: An Illustrated Guide to the Coming Real Estate Collapse.” Our hapless middle class real estate speculators, or innocent homebuyers, pursue the dream of “economic freedom,” taking on ever greater debt to snap up appreciating real estate. . . . → Read More: Bubble, CPI and CEO Bonuses |
||||
|
Copyright © 2012 Econamici - All Rights Reserved |
||||
