Young Workers Spared After Judge Blocks New Overtime Rule

Imagine you are called into your employer’s office just a few months before the holiday season and are told that due to new federal regulations, you will be bumped from your salaried position and moved (back) to being an hourly employee. This is the reality the employees of Hobby Works, a small hobby and gift shop in Laurel, Maryland which employees only 35 employees, faced. Michael Brey, the owner of Hobby Works, was put in an unfortunate situation thanks to the federal new overtime rule, scheduled to go into effect December 1st.

The Faulty Logic of GDP Necessitates an Economic Paradigm Shift

Per Bylund writes for Observer.com: 

Nearly 80 years ago — during the height of the Great Depression — economist Simon Kuznets envisioned a system capable of measuring productivity and economic activity. In a report to Congress, Kuznets proposed charting all economic production with a single measurement that would decrease when the economy struggled and increase when it thrived. He called it gross domestic product, or GDP.

Is Steve Mnuchin Just Another Wall Street Banker?

After weeks of speculation, Donald Trump has announced Steve Mnuchin as his nominee for Treasury Secretary. Though Mnuchin can currently be seen in movie theaters playing a banker in Warren Beatty’s new film Rules Don’t Apply, he has a lower profile than most tapped to head the Treasury department. Probably to his credit, he has no experience with public policy and has made relatively few public statements on policy. Perhaps his best qualification for the position was that he was an early supporter of Trump’s campaign, serving as its fundraising director.