WASHINGTON — The Obama administration is proposing tougher restrictions on brokers who manage Americans’ retirement accounts, reigniting a confrontation with the financial services industry over rules affecting trillions of dollars in 401k and other savings accounts.
Wal-Mart made news this week by announcing that it is raising the wages for its employees above the federal minimum wage of $7.23 an hour to $9 an hour and to $10 an hour next February. To discuss the broader implications, Shelly Banjo, a reporter for Quartz, joins Hari Sreenivasan. Continue reading
Greece received a four-month bailout aid extension deal, easing some worries about the global economy after tense negotiations over austerity measures and giving the Greek economy some temporary breathing room. Judy Woodruff speaks with David Wessel of the Brookings Institution about the terms of the agreement and which side has more leverage. Continue reading
Hostage-taking has become an important moneymaker for terror groups including the Islamic State. Economics correspondent Paul Solman looks at the larger price of paying ransom and cost-effective ways of fighting terror. Continue reading
Although online prices are “stickier” than economists might guess, the proliferation of dynamic pricing means online prices might soon start swinging more often. Continue reading
WASHINGTON — President Barack Obama’s top economists say that even as the U.S. has managed to kick start a lasting and growing recovery, modest wage gains are far from making up for decades of paycheck stagnation for middle-class workers.
One day while playing tennis, Social Security expert Larry Kotlikoff informed Paul Solman about a strategy for maximizing the benefits that he and his wife were eligible to collect. They decided everyone else should know that secret, too, and are sharing it in a book to be published this week. Continue reading
A labor dispute between shipowners and longshoreman on the West Coast has been going on for months now. This weekend, the president dispatched labor secretary Thomas Perez to California to try to resolve it. For more, economist Christopher Thornberg joins Alison Stewart from Los Angeles. Continue reading
President Barack Obama is sending his labor secretary to California to meet with both sides in a contract dispute that has affected the flow of goods from Asia into West Coast ports. Continue reading
Alison Stewart reads viewer comments about a recent report about a manufacturing boom in the South that has prompted several international companies to open up shop in places like Columbia, Miss., which has been suffering under the effects of poverty for years. Continue reading