Increasing minimum wage to $.7.50/hr US hurts teens, creates disemployment

October 24, 2007

Chicago School Economist Becker and Judge Posner blog that the majority of minimum wage earners are wives earning pin money, part-timers, retirees supplementing incomes, teenagers getting work experience (References svp). Raising minimum wage will hurt the “really” poor. Is this Freakonomics? Friedman’s long shadow darkens future of most vulnerable

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Just When You Think The Housing Market Can Not Get Worse It Does

October 24, 2007

Economists disagree whether soaring foreclosures in California suggest the world’s eighth-largest economy is poised to slump or if it is just seeing its share of disarray from the subprime segment of the mortgage lending industry.

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MPAA claims prevention of 31 illegal recordings of Spider-Man 3

October 24, 2007

We resent writing about the MPAA, simply because every time the organization makes a statement it invariably exposes some aspect of its backwards perspective.

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Step away from the car: VW’s magnetic dent promotion

October 24, 2007

A new marketing campaign from Volkswagen in Europe has the company sticking giant magnets to cars that mmake them look as if they’ve been dented. Note to VW: Don’t touch my car.

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Know When To Quit, and When Not To

October 24, 2007

Before leaving my last job, I gave it six months to improve. I wrote a letter to my supervisor asking for a raise, arguing that I was continually doing more work but receiving no additional compensation.

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U.S. stocks plunge to worst 1-day drop since 2001

October 24, 2007

On Monday, Greenspan said told China, “It is possible we can get a recession in the latter months of 2007.” Although Greenspan also went on to say that most forecasters are not making that judgment, his remark nonetheless roiled financial markets
http://www.msnbc.msn.com/id/17368579/

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The final end of the cassette tape…

October 24, 2007

Cassette tapes have been suffering a slow decline over the past 15 years as first compact discs, and more recently music downloading, took hold. But it is estimated that there are still as many as 500 million tapes in circulation, languishing at the back of bookshelves, or in the side doors of cars.

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IRS goes after eBay, wants info on seller earnings

October 24, 2007

. In short, the US government wants to treat eBay as a “broker” who would then be required to file notices with the government about how much money its traders have made. The US proposal calls for this reporting to take place only when people sell more than several thousand dollars worth of merchandise in a year.

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MASSIVE Failure of TurboTax Servers

October 24, 2007

Beginning last night and stretching into this evening it is nigh impossible to e-file your taxes using TurboTax 2006. Here are some posting by some irate consumers — including myself.

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Is Warner Bros. Filming Audiences In An Attempt To Stop Piracy?

October 24, 2007

Here’s the creepiest complaint we’ve received in a long, long time. Reader Sam says he was filmed by a security guard contracted by Time/Warner during a recent showing of The Invasion at an AMC movie theater.

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