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Cafe Faces Heat For Adding ‘Minimum Wage Fee’ To Tab

(MCT) — A small cafe in Minnesota has thrown itself into a big battle over that State’s minimum wage increases, inundating the cafe with dozens of phone calls and online comments this week after it tacked on a 35-cent fee to meal tabs. Craig Beemer, owner of Oasis Cafe in Stillwater, said the fee is […]

Fed Stays Course On Policy But Acknowledges Rising Inflation

(MCT) — Despite the economic rebound and sharp drop in the unemployment rate recently, Federal Reserve officials still see considerable weakness in the labor market and remain very cautious about moving away from their easy-money policy. The Fed, in a statement after its two-day meeting Wednesday, said it would continue to trim the size of […]

U.S. Economy Grows At Scorching 4 Percent In 2nd Quarter

WASHINGTON (MCT) — The much-stronger-than-expected 4 percent rate of annual U.S. economic growth from April through June, reported Wednesday by the Commerce Department, put to rest fears that the U.S. economy was slipping into low gear. Offsetting a dismal start to the year, the economy grew at a sizzling rate in the second quarter, powered […]

To Encourage Saving, Some States Turn To Prizes

(MCT) — Nearly a dozen States believe they’ve found a way to encourage people to save more money — and have fun doing it. And the idea costs not a dime in State funds. Four States — Michigan, Nebraska, North Carolina and Washington — now allow credit unions to offer cash prizes as an incentive […]

Consumers Are Padding Their Checking Accounts

(MCT) — With wounds from the Great Recession still fresh, chastened Americans are hoarding more cash in their checking accounts than at any time in the past 25 years. The defensive stance, uncharacteristic of previous periods of low inflation and an improving economy, reflects how debt-burdened Americans have striven to clean up their personal finances […]

Business Economists Say Sales, Hiring And Pay Are Up

WASHINGTON (MCT) — More companies reported increased sales in the second quarter of the year, fueling a jump in hiring and pay raises, according to a survey of business economists released Monday. After a dismal winter in which bad weather derailed a recovery from the recession, respondents to the National Association for Business Economics survey […]

Tax Inversion Threatens States’ Revenue

(MCT) — American companies that merge with foreign competitors to lower their Federal taxes also cut their State taxes, leaving States to mostly watch helplessly as their tax revenue drains away. A rash of companies has been buying up foreign competitors and then moving their “parent” companies to the foreign sites, a tactic known as […]

College Graduates’ Starting Salaries Lag Behind The Rest

(MCT) — Starting salaries for recent college graduates have risen far more slowly than the average earnings of all U.S. workers since the recession, an analysis by the Federal Reserve Bank of San Francisco found. The study, released Monday, found that median earnings for recent college graduates rose only 6 percent from 2006 to 2013, […]

Pig Producers’ Fight Over Drug Looms Over Trade Talks

WASHINGTON (MCT) — R.C. Hunt, who has raised pigs for 50 years in North Carolina, offers no apologies for a common practice in the U.S. pork industry: mixing feed with a controversial drug that makes the animals grow leaner in the final weeks of their lives. With the Food and Drug Administration allowing farmers to […]

Americans Feeling More Confident About Finding Better-Paying Jobs

(MCT) — A Gallup poll found that 35 percent of Americans think now is a good time to find a quality job — one with a higher wage. That may not seem like much, but the July reading is the highest since December 2007, the start of the Great Recession, and a little better than […]

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