St. Louis

Seemingly no amount of empirical evidence will ever convince progressives that raising minimum wages to artificially elevated levels is a bad idea.  Somehow the basic idea that raising the cost of a good ultimately results in lower consumption of that good just doesn't compute. 

And while roughly 50% of the country will promptly ignore it, below is yet another study, from Dr. David Macpherson of Trinity University and Dr. William Even or Miami University, pointing out the devastating consequences of minimum wage hikes.

"Subprime lending is a calculated risk - we know that some of the customers won't pay, we just don't know which at the time the loan is made. With higher default rates come higher expenses, and higher interest rates are necessitated to remain solvent." That's a quote made in a statement by Midwest Acceptance corporation, who specializes in high interest car loans for subprime borrowers in the St. Louis area.

Republican presidential front runner Donald Trump is encouraging violent behavior at his rallies. A black Ferguson activist was sucker-punched and bloodied at a Trump rally in St. Louis on Friday. Trump used tough words to incite the crowd while trying to remain within legal boundaries.

Moments ago, for some unexplained reason, the St.Louis Fed - which recently issued a research report which "discovered" that "Consumers Across The Country Are Borrowing More To Buy Cars And Go To School" - on its twitter account asked a simple question: "See how the ECB's assets are growing?"

See how the European Central Bank's assets are growing https://t.co/cjQBj8y2VP pic.twitter.com/ozbnMU7Kh0

— St. Louis Fed (@stlouisfed) March 5, 2016