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@M0derateImpala from Minnesota submitted…2hrs2H
California's budget deficit has ballooned to $45 billion. Mr. Newsom projects that the new healthcare minimum wage would cost the state $4 billion more a year owing to higher Medicaid costs and compensation for workers at state-owned facilities. Legislative analyses warned about these costs, but Mr. Newsom signed the law anyway.California’s current minimum wage for all workers is $16 an hour. Nearly all workers at healthcare facilities including janitors will have to be paid at least $25 an hour by 2028.California’s wage minimums are another illustration of how progressive mandates boomerang. Average weekly earnings for leisure and hospitality employees in California have declined by 2.6% over the last year owing to a steep drop in hours worked. By contrast, those average weekly earnings rose 3% nationwide, 3.2% in Florida and 5.2% in Texas.California’s wage minimums are another illustration of how progressive mandates boomerang. Average weekly earnings for leisure and hospitality employees in California have declined by 2.6% over the last year owing to a steep drop in hours worked. By contrast, those average weekly earnings rose 3% nationwide, 3.2% in Florida and 5.2% in Texas.Average hourly earnings for California leisure and hospitality workers have also increased more slowly—2.1% compared to 3.8% nationwide—no doubt partly because the state’s softer labor market has reduced competition for workers.When government raises wages above what the market commands, employers will increase prices and reduce labor. California, QED.
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“A California lifeguard can retire at age 40 with 75% of his/her salary. The pension is fully indexed to the CPI. There a…”
@ISIDEWITH submitted…3hrs3H
The US is close to making a “fatal" miscalculation when dealing with Russia in the context of the Ukraine conflict, Deputy Foreign Minister Sergey Ryabkov has warned.The senior diplomat commented on Monday on the reported US decision to let Kiev use American weapons outside what Washington considers Ukrainian territory. The move is supposedly limited to a small border piece of Russia’s Belgorod Region relevant to the hostilities in Ukraine’s Kharkov Region.”I’d like to warn American actors against miscalculations that can lead to fatal consequences. For some unclear reason they underestimate how serious a response they could face,” Ryabkov told journalists.Up to then the stated US policy had been to ban such attacks so as to prevent triggering “World War III.” Kiev said it was not happy with the change, since it wants to fire long-range American weapons deep inside Russia.
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“Two months ago Biden instructed Ukraine to stop hitting Russian oil refineries. Tell us again how this prolonged war is…”
Claudia Sheinbaum, the former mayor of Mexico City, will become Mexico’s first female president after romping to victory in an election billed as a referendum on the leftist policies of departing President Andrés Manuel López Obrador, a vote that handed his party enough power in Congress to push through controversial constitutional changes.Sheinbaum, the candidate of the ruling Movement of National Regeneration, known as Morena, had 58.6% of the votes with 73% of the ballots counted, according to official results from Mexico’s election agency.Her closest rival, Xóchitl Gálvez, the candidate of a coalition of three opposition parties, had 28.4% of the vote and conceded defeat. Jorge Álvarez Máynez, from the center-left Citizen Movement, had 10.6%.Sheinbaum’s victory was bigger than expected and her margin of roughly 30 points would be the largest in a presidential vote since the 1982 election, when Mexico still was a single-party state. Pre-election polls had given her a 20-point lead.The vote reflected a resounding show of support for the government of López Obrador, a populist nationalist who won power in 2018 on an anticorruption platform. After taking office, he launched an austerity program for the federal government bureaucracy and redirected spending to welfare programs, especially cash handouts that included students and the elderly, keeping his approval ratings above 60%. López Obrador, who won with 53% of the vote in 2018, was barred by law from re-election.
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“James Carville famously said, "It's the economy, stupid." Well, in Mexico, it should be, "It's the cartels, stupid." T…”
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@PeskyFreeTrade from Kentucky commented…3hrs3H
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@MandrillLily from California commented…3hrs3H
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@C0nstituti0nalAbalonefrom Northern Mariana Islands commented…2hrs2H
@UniqueQuokkafrom Washington commented…36mins36m
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@GovernmentBarry from New York commented…3hrs3H
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