Fortune reports the the U.S. economy is growing more slowly than expected.
The government also reported that after-tax corporate profits fell at a 2.4% rate last quarter after increasing at an 8.1% pace in the first quarter. Weak profits could limit an anticipated rebound in business spending.
The nanny state taxes tobacco and soft drinks in an attempt to curb their use and then is surprised about the effect high taxes have on corporate profits.
Lawfare is not limited to pro se thugs with personal grudges. Several U. S. states and a territory may be about to try to chill free speech about an important scientific question. What’s Up With That? takes a look at a proposal to use RICO laws to go after people who do not believe the “settled science” concerning climate change.
The coming increase in California’s minimum wage to $15/hour will likely lead to the UC Berkeley laying off 500 low-paid workers. However, the university will be able to save the job an administrator for every five or six janitors or food service worker it fires.
The American Enterprise Institute reports that while Bernie and Hillary are complaining about how much CEOs are paid, the average CEO makes less in a year than Hillary’s speaking fee for a one-hour speech.
It might be a little disingenuous and hypocritical for Hillary Clinton to complain about excessive CEO pay when her minimum speaking fee, reportedly $225,000 for a one-hour talk, is more than the $216,000 average annual CEO salary in 2014. We could say how unfair it is that the average CEO in America has to work a full year, 50 weeks full-time, to earn the same income that Mrs. Clinton earns in about 50 minutes giving a speech! How unfair! How immoral! Something must be done!
Read the whole thing.