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24 Jul 2009 10:41

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Biz, U.S.: The big question with minimum wage: Is now really the time?

  • Arguments for Much as with any wage increase, the biggest argument for is workers whose wage hasn’t kept up with the economic climate. The thinking, of course, is that if they get higher wages, they can afford a better lifestyle. source
  • Arguments for Much as with any wage increase, the biggest argument for is workers whose wage hasn’t kept up with the economic climate. The thinking, of course, is that if they get higher wages, they can afford a better lifestyle.
  • Arguments against Much as with any wage increase, the biggest argument against is the fact that the economy – specifically employers can’t support the wage increase. With high unemployment nationwide, this rings truer now than ever. source
  • Arguments for Much as with any wage increase, the biggest argument for is workers whose wage hasn’t kept up with the economic climate. The thinking, of course, is that if they get higher wages, they can afford a better lifestyle.
  • Arguments against Much as with any wage increase, the biggest argument against is the fact that the economy – specifically employers can’t support the wage increase. With high unemployment nationwide, this rings truer now than ever.
  • Who the law forgot The tip slave – whose livelihood is largely based on how much you jerks tip her for your Monte Cristo and fries – still only makes $2.13 an hour before tips. Now, tips can be a nice racket, but that’s a damn shame. source
Posted by Ernie Smith • 0 Comments • Permalink

24 Jul 2009 10:15

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Biz, U.S.: Today, the national minimum wage gets a kick in the pants

  • $7.25 the new ground floor of the minimum wage source
Posted by Ernie Smith • 0 Comments • Permalink

23 Jul 2009 20:45

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U.S.: The best, most lurid details of the New Jersey corruption saga

  • A bunch of prominent Jewish rabbis – including the grand rabbi of the Syrian Jews – apparently had corrupt ties to banks in Switzerland and Israel. Oy ye vey! source
  • Talk about a secret prize. Investigators said they found $97,000 in a box of Apple Jacks cereal. It was just one example of the huge amount of cash bandied about. source
  • One guy apparently convinced people to sell their kidney for $10,000, only to resell that same kidney for $16,000. And people said The Sopranos were fake! source
Posted by Ernie Smith • 0 Comments • Permalink

23 Jul 2009 09:47

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Biz, Tech: AT&T’s customer base is huge thanks to the iPhone, but it costs ’em

  • +3.5 million number of new 3G customers the wireless company got last quarter thanks to the iPhone – and 1.5 million new overall customers source
Posted by Ernie Smith • 0 Comments • Permalink

22 Jul 2009 11:07

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Biz: Morgan Stanley: A big financial firm that’s actually feeling the recession

  • 3 straight quarters of pain and sadness for the financial giant source
Posted by Ernie Smith • 0 Comments • Permalink

20 Jul 2009 11:40

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Biz: CIT Group may get that bailout they were looking for

  • $3 billion in funds from investors to rescue the small-biz lender source
Posted by Ernie Smith • 0 Comments • Permalink

19 Jul 2009 11:42

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Politics, U.S.: Is NASA just a major financial boondoggle for the U.S.?

  • We know what we got from the interstate highway system—fast, easy transportation, the creation of the suburbs, an entire transformation of our way of life. What did we get economically from the space program, especially the manned portion? Much, much less.
  • BusinessWeek chief economist Michael Mandel • Pointing out the very low cost-benefit ratio of our space program. We’re not sure if financial benefit should be the only consideration of something like NASA, but points out that, with inflation considered, we spent $176 billion on NASA during the height of the space race era, 1962-1972. Comparatively, we spent $220 billion on highways during that same period. Like we said, not sure we agree, but something to consider. • source
Posted by Ernie Smith • 3 Comments • Permalink
 

16 Jul 2009 12:26

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Biz: In case you have any spare change … CIT Group could use it

  • $2 billion is needed in 24 hours or they’re going bankrupt, kids source
Posted by Ernie Smith • 0 Comments • Permalink

14 Jul 2009 20:06

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U.S.: Obama pulls a rabbit out of the community college hat

  • $12 billion amount of money Obama wants to throw into community colleges, including money for technology and curriculum improvements source
Posted by Ernie Smith • 3 Comments • Permalink

14 Jul 2009 19:49

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Biz, U.S.: Ex-GM CEO Rick Wagoner says “ka-ching!” during a bankruptcy

  • $10 million retirement package, while his old company restructures source
Posted by Ernie Smith • 0 Comments • Permalink
 
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