Facebook’s much-vaunted initial public offering is on the horizon and promises to shower a few lucky individuals with millions if not billions of dollars. One of those Facebookers is the company’s billionaire co-founder Eduardo Saverin, who renounced his U.S. citizenship ahead of the IPO, potentially reducing his tax burden. Saverin, …
With negotiations over the Trans-Pacific Partnership (TPP) between the U.S. and eight other countries set to resume this week in Dallas, opponents are dusting off the same old discredited arguments against international trade. In a recent Huffington Post article, Leo Hindery of the New America Foundation dismissed the TPP as …
Yesterday, faced with stiff congressional opposition to its plan to close over 3,600 post offices, the U.S. Postal Service (USPS) blinked. It was hardly a profile in courage on either side, with Members of Congress unable to resist the reverse NIMBYist urge to protect their local post offices at all …
For some professions, it makes a lot of sense to have some high standards before you’re allowed to work — doctors, pharmacists, pilots, you get the picture. But did you know that some states have some serious hurdles for jobs like makeup artists, tree trimmers, animal trainers and massage therapists? …
The Equal Employment Opportunity Commission (EEOC) has brought forth yet another excuse to punish employers: Conducting a criminal background check of job applicants could trigger charges of race discrimination. No joke. By a vote of 4–1, the commission last week approved its new “Enforcement Guidance on the Consideration of Arrest …
Is it slavery for union workers to work alongside nonunion workers? The International Union of Operating Engineers (IUOE) filed a lawsuit claiming that Indiana’s right-to-work law violates the 13th Amendment, which states that “neither slavery nor involuntary servitude…shall exist within the United States.” The union claims that: The Defendants have …
Should we raise the minimum wage? The editors at Bloomberg think so. They maintain that low-wage jobs are expanding and that a minimum wage hike would boost the economy. Despite these notions, hiking the minimum wage remains a bad idea. Bloomberg first laments that low-wage jobs are becoming the norm: …
