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Seattle’s Minimum Wage Supporters Continue To Ignore The Facts

Seattle’s Minimum Wage Supporters Continue To Ignore The Facts
Authored by Andrew Syrios via The Mises Institute, In what has become a running joke amongst those skeptical of the claim that minimum wage increases have no effect on unemployment, a recent report by the Employment Policies Institute showed that 174 of the 184 co-sponsors of a bill to raise the federal minimum wage to $15 an hour hired unpaid... Read More

Asia Jumps, Europe Stutters As Political Rumblings Return; Oil Nears $51

Asia Jumps, Europe Stutters As Political Rumblings Return; Oil Nears $51
Global stocks were mixed to start the week, with Asian stocks higher, European stocks initially advancing then fading gains, while S&P futures are little changed after the biggest weekly drop since April (which for those keeping record was -0.4%). European shares, the euro and the pound all stumbled on Monday as rumblings in Spain, Britain and Brussels reminded investors that... Read More

“The Nightmare Scenario” And Everything Else: The Full French Election Matrix

“The Nightmare Scenario” And Everything Else: The Full French Election Matrix
Yesterday, we presented a Deutsche Bank research report which tried to evaluate whether, despite polls suggesting otherwise, a Le Pen-Melenchon first round victory was possible in the French election this coming Sunday. In a surprising break from the conventional wisdom, this is what DB concluded: Melenchon’s rise in the polls has been one of the key market drivers since the... Read More

Michael Hudson: Trump Is Obama’s Legacy – Is This The End Of The Democratic Party?

Michael Hudson: Trump Is Obama’s Legacy – Is This The End Of The Democratic Party?
Authored by Michael Hudson via NakedCapitalism.com, Nobody yet can tell whether Donald Trump is an agent of change with a specific policy in mind, or merely a catalyst heralding an as yet undetermined turning point. His first month in the White House saw him melting into the Republican mélange of corporate lobbyists. Having promised to create jobs, his “America First”... Read More

French Presidential Election Crisis: Party Leaders Consider “Plan B” After Police Search Fillon Office

French Presidential Election Crisis: Party Leaders Consider “Plan B” After Police Search Fillon Office
It is looking increasingly likely, that Francois Fillon who until recently was considered the favorite for the French presidential election in the April/May presidential election, may drop out leaving the frontrunner challenger spot to Marine Le Pen in limbo. Shortly after news broke that the presidential candidate may have paid out as much as 1 million euros to his wife... Read More