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 rare, tweetable moment of eloquence.
The proposal is already sparking opposition from businesses and economists, who argue that this is the wrong time to hike employee costs. (NYT)
New sheriff in town? Mary Jo White, a high-profile lawyer with long-standing ties to big financial companies, is being confirmed as the new chairwoman of the Securities and Exchange Commission (SEC). As the first prosecutor tapped to head the agency, she could be the watchdog Wall Street needs.
Others say White is part of the problem: How can you hold big firms accountable when you’re invested in defending them? (WSJ, Salon)
Good morning. An estimated 5.8 million women have used emergency contraception, also called the morning-after pill. Most are in their early 20s, a new study finds. Half the women said they were afraid they birth control they were using had failed; the rest had unprotected sex.
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Why spend an average of $262 on a Valentine’s gift when you can renew your vows in Times Square…with 100 other couples. Nothing says romance quite like a licensed officiant conducting the ceremony live from a billboard.