New Jersey became the latest state on Monday to boost its hourly minimum wage to $15 after Democratic Gov. Phil Murphy signed into law a measure phasing in the higher rate over five years. Murphy signed the bill alongside Lt. Gov. Sheila Oliver and Democratic legislative leaders at a raucous event in Elizabeth where advocates cheered, "Ready for 15," carried banners with their union affiliation and applauded loudly once the bill was signed. "It is a great day to make some history for New Jersey's working families," Murphy said. "And that's just what we're going to do. We've talked long enough about putting New Jersey on a responsible path to $15 an hour minimum wage. Today we start our way on this path."New Jersey joins California, Massachusetts, New York and the District of Columbia in phasing in the higher rate. The $15 wage is a prominent policy goal of left-leaning groups, as well as the fulfillment of a key campaign promise by Murphy.The governor, Senate President Steve Sweeney … [Read more...] about New Jersey becomes 4th state to increase minimum wage to $15
Why consumer price index increase
The Trump administration and China are facing growing pressure to blink in their six-month stare-down over trade because of jittery markets and portents of economic weakness. The import taxes the two sides have imposed on hundreds of billions of each other's goods — and the threat of more to come — have heightened anxiety on each side of the Pacific. The longer their trade war lasts, the longer companies and consumers will feel the pain of higher-priced imports and exports. Their conflict is occurring against the backdrop of a slowdown in China and an expected U.S. slump that a prolonged trade war could worsen — a fear that's weighing on financial markets. Yet those very pressures, analysts say, give the two countries a stronger incentive to make peace. "The U.S. and China now have a strong shared interest in striking a deal in order to halt the downward spiral in business and investor confidence, which have taken a beating in both their economies," said Eswar Prasad, … [Read more...] about Why Slowing Economies Could Prod US, China to Reach Deal
Paul Wiseman and Joe Mcdonald, Ap Business Writers Updated 7:50 am PST, Wednesday, January 2, 2019 FILE- In this Dec. 2, 2018, file photo cranes at the Port of Gulfport are silhouetted by the setting sun at Gulfport, Miss. The Trump administration and China are facing growing pressure to blink in their six-month stare-down over trade because of jittery markets and portents of economic weakness. The longer their trade war lasts, the longer companies and consumers will feel the pain of higher-priced imports and exports. less FILE- In this Dec. 2, 2018, file photo cranes at the Port of Gulfport are silhouetted by the setting sun at Gulfport, Miss. The Trump administration and China are facing growing pressure to blink in their ... more Photo: Charlie Riedel, AP Photo: Charlie Riedel, AP Image 1 … [Read more...] about Why slowing economies could prod US and China to reach deal
AFTER days of holiday celebrations commuters have been slapped in the face with yet another fare raise. Campaigners have criticised the "staggering" increase which has left many people "priced out of getting to work". So why are tickets more expensive now? How much have rail ticket prices increased? The Rail Delivery Group has already flagged that fares will rise by 3.1 per cent in January. Northern trains will be stung by a very slightly worse 3.2 per cent rise. This follows a 3.4 per cent increase from the start of this year. Govia Thameslink Railway (GTR) operates the Thameslink, Southern and Great Northern rail services, and has flagged a similar 3 per cent rise. C2C, which mainly operates services from the capital to the coast, have also flagged 2.6 per cent increases. Chiltern flagged increases of 2.8 per cent in November. The average traveller will be paying £2,888 for their season ticket this year, £694 a year more than in 2010, according to Labour's analysis. To put … [Read more...] about Train fare increase – how much has the cost of rail travel gone up for 2019 and why are tickets more expensive now?
Your true love is getting a bargain this year: Buying all the goods and services in "The Twelve Days of Christmas" is just 1.2 percent more expensive in 2018, or less than half the rate of inflation. The total cost of paying for everything in the song is about $39,095, according to a calculation from PNC Financial Services Group, which has been tracking the prices of the holiday song's festive mix of goods and services for 35 years. On a dollar basis, the 2018 price is $450 more than in 2017. Through October, the U.S. government's Consumer Price Index has increased 2.5 percent. A slump in gold prices has tarnished the cost of the song's five gold rings, which fell 9 percent this year due to gold prices, PNC said. The eight maids a-milking and nine ladies dancing didn't get a raise this year -- blame the stagnant federal minimum wage, which hasn't budged from $7.25 an hour since 2009. Still, not all wages are stagnating. More skillful work from the presumably arts-trained … [Read more...] about Why “The Twelve Days of Christmas” isn’t keeping up with inflation