Submitted by Jed Graham via Investors.com,
Hiring at restaurants, hotels and other leisure and hospitality sector venues slowed markedly last year in metro areas that saw big minimum-wage hikes, new Labor Department data show.
Wherever cities implemented big minimum-wage hikes to $10 an hour or more last year, the latest data through December show that job creation downshifted to the slowest pace in at least five years.
Submitted by Jeffrey Snider via Alhambra Investment Partners,
Following Jason Furman's "Baghdad Bob" appearance on CNBC this morning...
http://player.cnbc.com/p/gZWlPC/cnbc_global
It is President Obama's turn to gloat over the awesomeness of a 4.9% unemployment rate (never mind the fact that the gains during his presidency have gone to low-paying jobs). A job is a job after all... right?
With a stock market screaming for The Fed to back off (i.e. desperate for bad news), Obama better be careful not to paint too rosy a picture of his "Mission Accomplished" jobs recovery...
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
Greece was fixed for a few months, when the so-called "anti-austerity" government of PM Tsipras which came to power just over a year ago did what each on its predecessors did by kicking the can and trading off what little sovereignty Greece has left for promises of more cash from Europe, but it is broken once again.