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Money in Politics
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Financial Issues and the Changes
that are needed
We should be raising the
federal minimum to $15 an hour. Here are seven reasons why.
Momentum is building to raise
the minimum wage. Several states have already taken action —
Connecticut has boosted it to $10.10 by 2017, the Maryland
legislature just approved a similar measure, Minnesota lawmakers
just reached a deal to hike it to $9.50. A few cities have been
more ambitious — Washington, D.C. and its surrounding counties
raised it to $11.50, Seattle is considering $15.00
Senate Democrats will soon introduce legislation raising it
nationally to $10.10, from the current $7.25 an hour.
All this is fine as far as it goes. But we need to be more
ambitious. We should be raising the federal minimum to $15 an
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Sniffing the Ethical Rot in
Wall Street's Culture
many years ago, any news story about bonus money would've been
about some 20-year-old baseball player — an up-and-coming
superstar getting $100,000 or so on top of his salary as an
extra incentive to join the Yankees, Giants, Red Sox or whatever
team. Sportswriters dubbed them: "Bonus Babies."
How quaint. These days, stories about bonus money don't elicit
cheers, for they feature some of society's least admirable
people: Wall Street bankers. Far from superstars, they can be
subpar performers or even what amounts to crime syndicate bosses
overseeing everything from simple fraud to laundering money for
drug cartels. Yet, in the first part of each year, we witness
this cluster of greed meisters quaffing champagne, laughing
uproariously and shouting, "It's bonus time, baby!"
To read more,
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