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Bloomberg View: "L.A.'s Minimum Wage Experiment"

This month, the Los Angeles City Council passed a raise on the minimum wage in LA for full time employees to $13.25 an hour. Megan McArdle explains some potential pitfalls and benefits to this experiment: 89 more words

Los Angeles

la BCE fait passer “un stress test” à plus de 125 banques. Et les résultats ne sont guère rassurants

Les résultats que la banque centrale européenne (BCE) va publier ce dimanche 26 octobre 2014 sont sans équivoques: près de 25 banques européennes n’ont pas passé son “ 445 more words

Economy

LAT Editorial Board: "Going off the rails on Metro's rail cars"

The METRO in Los Angeles is expanding, and Los Angeles County should benefit from it. The Los Angeles Times’s Editorial Board writes about how the unions and Kinkisharyo International are duking it out, potentially risking the loss of hundreds of jobs in LA County: 54 more words

Los Angeles

Book of Job

An excerpt from the fictional tales of Alien on Earth
Circa 2014. North America.

Case Study: Job Creators
Draft #1

I am the son of a “job creator”, those noble creatures that dispense jobs to the jobless. 469 more words

Thoughts

George Soros: Russia poses existential threat to Europe

Investor says Vladimir Putin’s aggressive nationalism challenges values and principles on which the EU was founded

George Soros has warned that Russia’s expansionism poses an existential threat to the EU and called for greater material support for Ukraine. 470 more words

Russia

Party Plenum Indicates Limits To Xi Jinping's Power

THIS BYSTANDER DRAWS two points of note from the recently concluded Fourth Party Plenum, the four-day annual meeting of China’s 350 most powerful officials. The first is that President Xi Jinping has not centralized power as comprehensively as has been supposed. 616 more words

China

The Coming Dissolution of the EU

“In simple form, politics drives the economy and everything else in Europe. This is how Europe managed to squeak through a banking crisis that would have cratered any other region (it will still happen, but down the road). 42 more words

Economy