Minimum Wage by City

Good chart, relevant to our discussion of fast food minimum wages in Seattle and earlier elsewhere this week.

 

click for ginormous graphic

Source: NY Times

Category: Digital Media, Wages & Income

10 Friday AM Reads

Three day weekend! Get it started right with our artisinal morning train reads: • Seven Lies Investors Tell Themselves (Total Return) • Meet Generation Subprime (USN&WR) • Mark Zuckerberg Just Wants a Little Privacy. $100 million and 750 Acres of It. (Slate) see also Top CEOs Make 373 Times the Average U.S. Worker (Real Time Economics) • What’s Wrong With ‘Mathiness’…Read More

Category: Financial Press

1932 Rolls-Royce Phantom II


Source: Classic Driver

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Category: Weekend

Why Are Interest Rates So Low?

Why Are Interest Rates So Low? Marco Del Negro, Marc Giannoni, Matthew Cocci, Sara Shahanaghi, and Micah Smith Liberty Street Economics, May 20, 2015     In a recent series of blog posts, the former Chairman of the Federal Reserve System, Ben Bernanke, has asked the question: “Why are interest rates so low?” (See part 1, part…Read More

Category: Federal Reserve, Fixed Income/Interest Rates, Think Tank

Asterank: Asteroid Database and Mining Rankings

Click through the source for a full simulation.

Source: Asterank

Category: Digital Media, Science, Video

Top 10: Wall Street Sayings That Should Be Questioned

In honor and reverence to one of my favorite comedic personalities, David Letterman, and the end of his talk show career here is my own market Top 10 List.   Top 10 list of Wall Street sayings that should be questioned 10) There is a lot of cash on the sidelines. There is always a…Read More

Category: Humor, Markets, Really, really bad calls

Stovall: Inflation/Rate Adjusted Stocks Don’t Look Expensive

  “When an inflation overlay is included, P/Es don’t look as expensive” -Sam Stovall   The U.S. equity strategist at S&P Capital IQ suggests that one must include low yields and low inflation rates when determining if stocks are expensive. The chart above shows average price-earnings ratios for the Standard & Poor’s 500 Index since…Read More

Category: Inflation, Valuation

How Fox News Changed American Media and Political Dynamics

I am pleased to introduce to Big Picture readers Bruce Bartlett, who worked for Congressmen Ron Paul and Jack Kemp, and in the Office of Policy Development in the Reagan White House, and at the Treasury Department for George H.W. Bush. He is now a political independent. Enjoy. ~~~~   How Fox News Changed American…Read More

Category: Financial Press, Think Tank

Guest Hosting: Bloomberg Radio 8-10:00AM w/Tom Keene

click for live radio >   If you are anywhere near a radio this mornings, I will be the guest hosting “Bloomberg Surveillance” with Tom Keene once again from 8:00 – 10 am. On the list of subjects will be the lumpy uneven economic recovery, Fed hikes, the Minimum Wages & Fast Food. Our guests…Read More

Category: Media

10 Thursday AM Reads

Its Fleet Week in NYC — say hello to a sailor — and full sail ahead into our morning train reads: • Why Liquidity-Starved Markets Fear the Worst Bankers, investors and hedge-fund managers are rattled by the lack of liquidity in the markets (WSJ) but see Market Is Becalmed, With No Reason to Rally or Sell (NYT) • The…Read More

Category: Financial Press