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Living wage…Watchdog for Wall St. … & more
Cost of living. In his State of the Union address this week, Obama vowed to raise the minimum wage to $9 an hour, from $7.25 by 2015—and to have it adjust with inflation: “…no one who works full time should have to live in poverty,” he said, in a... ➡
Apple fight...Grammy coverup...& more
Floor of the New York Stock Exchange. Mood swings. The Dow dropped more than 100 points in intraday trading, for the fourth day in this short month, signaling general pessimism about the economy, jobless claims (which continue to be high), and... ➡
What's Worth Reading Today
School daze. As recently as 2005, the average student loan totaled about $17,000. Today, that has ballooned to more than $27,000, according to FICO, and 15% of recent loans are past due. Stay in school, kids—if only to push off those repayments.... ➡
What’s Worth Reading Today
Pool photo by Olivier Douliery/Getty Images. Poof, it’s gone! House speaker John Boehner has proposed a bill that would postpone dealing with the debt ceiling until mid-May—and would force lawmakers to come up with a 2014 budget by April, or not... ➡
$61 billion due...Wal-Mart hearts America & more
Fun FAQ. Sick of hearing about the debt ceiling? Squeeze in just one more read. This fact-filled article breaks down what’s really at stake if the government can’t borrow more cash to pay its debts. Tidbit: Starting Feb. 15 some $61 billion in... ➡
$1 trillion joke?... Disney magic…& more
It’s payback time. It sounds like a joke. A little-known loophole could permit the Treasury to mint a $1 trillion platinum coin (or coins)—which the president could then use to pay off part of the nation’s debt. (ABCNews) Are they kidding?Here’s... ➡
Election Clues from the S&P
Can the stock market predict the outcome of a presidential election--especially one as tight as this? Historically yes, sort of. Since 1900, if the S&P 500 posts gains from July 31 to October 31 prior to an election, the incumbent saw a victory... ➡
