Endless federal red ink may doom Social Security recipients
According to a new report from the Congressional Budget Office (CBO), the average federal deficit is now expected to hit an eye-popping $1.2 trillion per year between 2020 and 2029—a total of $12.2 trillion over that period.
The new deficit figures
A year after Toys R Us closed, tens of thousands of laid-off workers are getting a portion of the severance promised and then rescinded as the retailer unraveled.
While workers are getting $2 million, a fraction of the $56 million in fees awarded to Kirkland & Ellis, the law firm representing Toys R Us,
“Business Roundtable is encouraged that President Trump and President Xi agreed to resume trade negotiations and suspend any further tariff escalation,” the organization said in a statement on Saturday. Business Roundtable members lead companies with more than 15 million employees and $7.5 trillion.
Photo courtesy Alex Brandon—AP
People are sick of drinking. Investors are betting on the ‘sober curious’
I ordered a carrot-and-ginger shrub and hoped it would be palatable. I was pleasantly surprised, drank the whole thing and, voila, was not even tipsy. Even more exciting: my bill. It was a mere $15 for two drinks and a bread bowl — to soak up the non-alcoholic
After Sears made headlines for its bankruptcy filing and store closures, the next retailer facing similar hardships is now JCPenney.
The department store will shutter 27 of its 860 locations by the end of the 2019. Of the affected locations, 18 consist of department stores while the remaining nine are home and furniture
Image courtesy @HistoryInPix
04 January, 2019
Owner cites minimum wage hike in closing of landmark Boston restaurant opened in 1827 when John Quincy Adams was president
Massachusetts has been among the national leaders in the race to raise the minimum wage. In 2014, then-Gov. Deval Patrick signed a law raising the minimum wage from $8 to $11