The CEO Who Raised Minimum Wage To $70,000 Just Got Smacked With A HARSH Dose Of Reality

When Dan Price announced back in April that he was going to set the minimum annual salary of every employee in his small Seattle business at $70,000, he found himself in a super-storm of publicity, much of it highly favorable to the CEO of Gravity Payments. But now — in the city that’s become the… [Read More]

What Is Going To Happen In September 2015? Why Are So Many People Storing Food And Supplies?

Michael Snyder | End Of The American Dream  Have you noticed that there is a tremendous amount of Internet buzz about the month of September 2015?  Never before have I seen so much speculation about what would happen in one particular month.  Some people believe that we will see an economic collapse next month, others… [Read More]

Wake-up call! FEC Chairwoman reintroduces plans to regulate political news sites

Michael Schaus, Is your Facebook account FEC-compliant? If Federal Election Commission Chairwoman Ann Ravel has her way, that may actually become a serious concern. Ravel renewed the prospect of regulating political activity on the Internet in a speech she gave on campaign finance reform in New York last week, according to the Washington Examiner. While discussing… [Read More]

Should colleges be dumping the SAT?

Jazz Shaw, CNN’s Stephen Burd and Joanne Zalatoris have an interesting analysis of a decision by George Washington University (among others) to do away with the requirement for applicants to provide their SAT or ACT scores as part of the college admissions process. Is this a good idea and will it improve the general pool… [Read More]

Legionnaires’ disease outbreak claims 3rd life in New York

 A third person with Legionnaires’ disease has died as New York City investigators search for the source of an outbreak that has sickened dozens. A spokesman for Mayor Bill de Blasio says 11 more people have been hospitalized in the South Bronx since Thursday. On Friday, investigators found legionella bacteria at the Opera House Hotel… [Read More]

Is America Entering a New Victorian Era?

Michael Barone,  Forty-seven years ago, the musical “Hair” opened on Broadway. Elderly mavens — the core theater audience then, unlike the throngs of tourists flocking to cheap movie adaptations today — were instructed that America was entering an “Age of Aquarius.” The old moral rules were extinct: we were entering a new era of freedom,… [Read More]

Wow! Houston’s debt passes Detroit’s

Jon Cassidy | Houston’s debts are now bigger than Detroit’s. According to one key measure of fiscal health, Houston’s situation is nearly as bad as that of Chicago, which is starting to collapse under its debt burdens. The city’s financial reputation took a hit earlier this month when Moody’s Investors Service revised its outlook… [Read More]

U.S. probing possible price-gouging by airlines after rail crash

The U.S. Transportation Department is investigating possible price gouging by the five biggest U.S. airlines while train service was disabled between New York and Washington following a deadly Amtrak crash in May, it said on Friday. The regulator sent letters on Friday asking each carrier to detail average fares along the route before, during and… [Read More]

New York moves to raise state minimum wage to $15 for fast-food workers

New York moved on Wednesday to raise the minimum wage for fast-food workers to $15 an hour by the end of 2018 in New York City and by mid-2021 in the rest of the state. The New York Wage Board voted unanimously for the increase, which would cover some 180,000 workers statewide and affect fast-food… [Read More]

Facebook must hand over New York users’ info to prosecutors, court rules

What the latest presidential polls tell us – hint, it’s not who’s going to win

“Ignore the presidential polls,” experts tell us. “Presidential polls are meaningless” this early in the game. OK, so why is everyone paying so much attention to them? Should anyone really care that Donald Trump has “surged” to the top of the crowded Republican field?  Or that Senator Bernie Sanders (I-Vt.) is gaining ground on former… [Read More]

Crash is Starting as Gold plunges to five-year lows after early Asia rout

Gold prices plunged more than 4 percent to five-year lows on Monday as a sudden bout of selling across Shanghai and New York markets during the illiquid early Asian trading hours triggered a mini flash crash, deepening bullion’s biggest rout in years. A wave of sell orders in a one-minute period shortly after the Shanghai… [Read More]