Ryan Lowery

A sampling of what a news junkie & business nerd has been reading

Posts tagged politics

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John Galt Kills Texans in Massive Fertilizer Plant Explosion « naked capitalism

Who needs pesky safety regulations or zoning laws when there is money to made running a fertilizer plant? Sadly, the small Texas town of West, which is just north of Waco, is suffering the consequences of unregulated free enterprise today, as a massive explosion at West Fertilizer has leveled much of the town. Perhaps the only remotely fortunate aspect of this tragedy is that it occurred at 8 pm local time and so West Middle School, which burned after the explosion, was not full of children.

Filed under business regulations politics texas

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Why Employers Won’t Fire People If We Raise The Minimum Wage To $9

Republicans are responding to President Obama’s proposal raise the federal minimum wage by arguing that requiring businesses to pay their workers at least $9 an hour would lead employers to shed jobs or increase prices and pass the costs onto consumers.

“When you raise the price of employment, guess what happens? You get less of it,” House Speaker John Boehner (R-OH) said at a House Republican press conference on Wednesday. Sen. Marco Rubio (R-FL) agreed, explaining… [Read More]

Filed under minimum wage business small business economics economy politics

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The Case for a Higher Minimum Wage

Last night, during his State of the Union Address, President Barack Obama called for the Federal minimum wage to be raised from its current rate of $7.25 an hour to $9 an hour. He also proposed that we tie the minimum wage to the cost of living, allowing it to increase each year. If this became reality, it would be the first increase in the minimum wage in four years, and the most substantial increase in our nation’s history.

I got my first job in 1994, at the age of sixteen. It was in the warehouse of a moving and storage company. Being an entry-level labor job, it paid minimum wage, which was $4.25 an hour at the time. It was a decent job and I really liked the people I worked with. That being the case, if I decided today—nineteen years later—that I would… [Read More]

Filed under business politics minimum wage labor economics union unions

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What’s with the kerfuffle in Washington anyway?

If at any point in the last few weeks you have picked up a newspaper, turned on a TV, logged onto the Internet, or have even spoken to another human being, odds are the subject of the nation’s “debt ceiling” has come up. For days now, Republicans and Democrats have been arguing, er, I mean “debating” the issue. So what’s the debate about, and what’s at stake if a compromise cannot be reached.

The U.S. government is currently operating in a deficit—that is, they spend more than they take in. This is a way of living that many American households can easily relate to. So, like many American’s, our government…

Filed under politics economy

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As a government shutdown nears, military families wonder if they’ll get paychecks.

Regardless of your level of interest in politics, you’ve no doubt heard that the federal government might shut down tomorrow. Lawmakers in Washington are negotiating terms of the government’s budget, and if an agreement cannot be reached, so called “non-essential” government services will not be offered until a budget can be approved. If a shutdown occurs, government services deemed essential, like our military, will continue to operate. However, many of America’s military members are left wondering if and when they will get their paychecks.

Many things in politics are predictable, but what exactly will happen if there is a government shutdown is not one of them. There are many unanswered…

Filed under politics shutdown military