Economy

TN votes on wage hike; it's good business

May 24, 2006 - The Tennessee legislature will vote today on whether to boost the minimum wage, joining several others states (including North Carolina) seeking to shore up the federal wage floor which languished nationally since 1997.

Tennessee minimum wage update

By R. Neal
April 13, 2006 - A proposed Tennessee minimum wage increase was approved by the House Budget subcommittee. But there's a catch. According to a local newspaper report, the bill was amended to exclude restaurant workers who receive tips and part-time workers at movie theaters and "similar businesses". According to the article, Regal Cinema (based in Knoxville) had expressed concerns about the bill.

Decent pay

April 12, 2006 - Opponents of bringing the minimum wage in line with today's economy often say a wage hike will destroy small business. (They also argue that most businesses already pay higher wages anyway, an argument that completely contradicts the first point -- but I digress.)

Cracking down on abusive lenders: it works

February 24, 2006 - Each year, consumers lose $25 billion due to predatory mortgages, payday loans, and other lending abuses like overdraft loans, excessive credit card debt, and tax refund loans. These nefarious banking practices strip away wealth from low-income people and communities, and transfer them to powerful finance interests.

Virginia rejects minimum wage hike

By R. Neal
February 9, 2006 - From the Washington Post, the Virginia legislature rejected a proposed state minimum wage increase to $6.15 per hour, leaving the current federal minimum wage standard of $5.15 in place.

Kentucky Fried Chicken Derby?

By R. Neal
February 2, 2006 - For the first time in its 131 year history, the Kentucky Derby will have corporate sponsorship. Churchill Downs has signed a five year sponsorship deal with Louisville-based Yum Brands, owners of KFC, Pizza Hut, and other fast food chains. The event will be called "The Kentucky Derby presented by Yum!