Economics

New Study Defending NYC’s Minimum Wage Law Is Fake News 1
- Economics
- August 14, 2019
Last week Business Insider published an article with the eye-opening title “NYC’s $15 minimum wage hasn’t brought the restaurant apocalypse — it’s helped them thrive.” Given the political momentum for the “Fight for 15” movement, culminating in the House voting in favor of a $15 national minimum wage last month, the article made for perfect social
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The Post Office Is on Pace for Its Worst Year Since 2012 Default 0
- Economics
- August 13, 2019
The United States Postal Service on Friday reported total revenue of just over $17 billion for the third quarter of fiscal year 2019. Total operating expenses came in at $19.3 billion. Excessive Losses The net loss of nearly $2.3 billion comes on the heels of an already bleak fiscal year that saw a combined loss
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No, Tariffs Won’t Ruin Christmas 0
- Economics
- August 6, 2019
President Trump says he will impose a 10 percent tariff on $300 billion worth of Chinese imports beginning September 1. The tariff would affect consumer goods primarily, according to an analysis by Goldman Sachs. Cue the histrionics. The Washington Post laments that these tariffs will ruin America’s “holiday” shopping season. The Post cites a study claiming that the price
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Is Pete Buttigieg Right That Opposing a $15 Minimum Wage ‘Taunts’ God?0
- Economics
- August 1, 2019
Are those who oppose raising the minimum wage to $15 an hour transgressing the Scripture and mocking the Lord God Almighty? One might get that impression from watching Tuesday night’s Democratic presidential debate, when one of the participants explicitly made that argument. The allegation came when South Bend Mayor Pete Buttigieg offered his exegesis of Proverbs 14:31. “[T]he
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$15 Minimum Wage Constricts Hours Worked, as Bernie Sanders Shows 0
- Economics
- July 29, 2019
Seventy-two percent of economists oppose a high $15 minimum wage, because it would wipe out too many jobs and result in employers restricting employees’ work hours too much. Sen. Bernie Sanders, who supports a $15 minimum wage, recently announced he would cut his staffers’ hours in order to afford paying them a $15 minimum wage. Increasing the minimum
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Home Equity Theft: How a Man’s Home Was Seized Over $8.41 in Unpaid Taxes 0
- Economics
- July 24, 2019
For three years, the pair scrimped and saved in order to fix up the four-unit property. On the weekends, Ramouldo would spend his days off making the 11-hour drive from New Jersey to Michigan to work on the house, making the much-needed repairs himself. In addition to the small complex, the family had purchased a
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