News
Fox Business | RBS to Retrench in Investment Banking, Cut 30,000 Jobs: Report
People familiar with the plans told the financial daily that the bank is expected to refocus on three groups that include retail customers, small businesses and larger companies.
Econ Comments & Analysis
Market Watch | Can higher wages actually hurt the economy?
CBO measures the elasticity of demand for labor at a paltry -0.1. The net result is that for any wage increase, CBO would find workers making more money, and very few workers losing their jobs.
Washington Times | LAMBRO: Obama killing jobs to create prosperity?
President Obama was hit by two major reports this week that reinforced what many, if not most, of us knew about his economic policies: They are killing jobs.
Forbes | The Minimum Wage Is An Economic Black Hole
Is raising the minimum wage to $10.10/hour a good idea? It depends upon how you feel about throwing 500,000 more Americans into an economic black hole.
Blogs
CNN Money | Is Wal-Mart serious about boosting the minimum wage? Don't bet on it.
The world's largest retailer is disavowing a report that it's "looking" at supporting a Democratic push. But the company has a history of playing word games on the wage issue anyway.
