New Rule Brings Overtime Pay Eligibility to 4 Million More Americans

May 18, 2016, 1:06 pm EDT

A new rule put in place by the Department of Labor will bring overtime pay eligibility to 4.2 million more Americans.

The new rule was commissioned by President Barack Obama and it includes increasing the salary threshold for overtime pay eligibility from $23,660 a year to $47,476 a year. It’s expected that this will raise wages in the U.S. by $12 billion over the next 10 years.

The overtime pay eligibility rule will be updated every three years to guarantee that it covers 40% of full-time salaried workers in the poorest region of the country. The next update to the rule is expected to increase the threshold above $51,000. Read 

San Francisco to Require Health Warning on Soda Ads

May 18, 2016, 12:45 pm EDT

San Francisco will start requiring soda companies, such as The Coca-Cola Co (KO), PepsiCo, Inc. (PEP) and Dr Pepper Snapple Group Inc. (DPS), to include warnings on their ads.

The soda warnings will be required on ads that are visible in public places. However, it won’t apply to TV or radio ads. The decision to include warnings was voted on by the San Francisco city council and received unanimous support.

The new soda warnings will start showing up on July 25, which is when the law goes into effect. Soda companies are fighting the measure in court, but a judge is allowing the measure to continue. It will make the city the first to require warnings for soda, reports Voice of America. Read 

Obama: Let Transgender Students Choose Bathrooms

May 13, 2016, 1:10 pm EDT

President Obama and his administration have laid down the law on the transgender bathroom debate.

The White House has developed a letter targeted at public schools, informing them that any person should be allowed to use the bathroom of the sex they identify with, regardless of what their biological sex is.

Additionally, no medical diagnosis or documentation will be requested by the school to confirm the gender of a person. Read 

Oil Billionaire T. Boone Pickens Backs Donald Trump

May 12, 2016, 1:34 pm EDT

T. Boone Pickens, a billionaire that is the Chairman of the BP Capital Management hedge fund, is backing presidential candidate Donald Trump.

The oil tycoon said that he stands by Donald Trump’s proposals on illegal immigration. He also agreed with banning Muslims from entering the country. He said he expects that the ban would only be for a limited time.

T. Boone Pickens said that he believes the current stance on illegal immigration is too lax. He said that each person that makes their way into America gets a vote and that Democrats are easy on the policy to gain more votes. He also said he thinks Trump can bring change to the country, reports Fortune. Read 

Ohio House OKs Medical Marijuana Bill

May 10, 2016, 5:50 pm EDT

Ohio will soon have medical marijuana in it stores. Source: ©iStock.com/CapturedNuance

The Northeastern state’s House announced that a vote on the use of cannabis for medical purpose has been voted in with a 71-26 vote.

This is a step forward for a state that was unsure about legalizing medical marijuana. Patients can now get the medicine for one of 20 possible conditions such as pain and insomnia. Read 

NYC to Charge Shoppers 5 Cents for Plastic Bags

May 6, 2016, 4:28 pm EDT

New York City (NYC) consumers will now have to pay for their plastic bags.

Paper bags will still be free but shoppers looking to put their groceries in store-owned plastic bags will have to pay five cents per bag. Read 

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