Aug 20, 2014, 2:53 pm EDT
Harry Reid, Senator of Nevada, thinks that Tesla Motors (TSLA) may be “playing” the state.
According to Reid, Tesla may be playing the state as it starts a “bidding war” between Texas and California in an effort to land the company’s new gigafactory. The Senator believes that this is all part of CEO Elon Musk’s plans to get the “best deal” he can for the company, reports Business Insider.
Musk has admitted that a construction pad for the gigafactory has been set up in Nevada. However, work at the site has stopped as the company waits for additional moves from Nevada, Business Insider notes. Read
Aug 12, 2014, 12:24 pm EDT
Staples (SPLS) has been really struggling as of late, as have all office supply stores. The superstore concept is starting to fail in the face of competition from stores like Dollar Tree (DLTR), Walmart (WMT) and Amazon (AMZN), not to mention Uline.
SPLS management had a great idea, though — set up U.S. Postal Service outlets inside Staples stores.
Wouldn’t it be great if you could not only buy shipping materials and supplies at Staples, but actually ship them from inside the store? It would be a time-saver for people who didn’t then have to slog to the nearest post office, and wait in line for the USPS’ oh-so-exceptional service. Read
Jul 29, 2014, 11:39 am EDT
The U.S. Court of Appeals for the 4th Circuit has overturned the same-sex marriage ban in Virginia.
A 2-to-1 decision by the court’s panel upheld a lower court’s decision to end the ban on gay marriage. The court said that the ban on same-sex marriage was unconstitutional as it served as a new form of “segregation.”
Virginia Attorney General Mark Herring does not support gay marriage but he believes that the state’s law on the issue was unconstitutional. “Ultimately, the question whether the people are free to affirm marriage as a man-woman union will be decided by the U.S. Supreme Court,” he said in a statement. Read
Jul 25, 2014, 11:11 am EDT
Nick Hanauer’s perplexing Politico article regarding the minimum wage exemplifies the fact that achieving wealth does not necessarily endow one with special knowledge about market forces.
Tim Worstall does a great job of setting Hanauer straight on the “facts” that the letter presents in his article. He also torpedoes the notion that a $15 minimum wage is a good idea.
Indeed, Hanauer refers to himself as “not the smartest guy you’ve ever met.” So maybe that explains how he could get so many things wrong about basic concepts regarding wages and employment. Read
Jul 22, 2014, 12:48 pm EDT
Obamacare subsidies for health care plans have been ruled illegal in 36 states.
A federal appeals court ruled that the federal government may not subsidize health care insurance in states that did not set up their own marketplaces. Obamacare requires states to set up exchanges and 36 states opted not to.
Those states will no longer receive federal aid to pay subsidies for insurance plans in those states. Low income families and individuals rely on these subsidies as the federal government pays up to 100% of the premiums for some insurance plans for people. Read