Mar 24, 2015, 9:20 am EDT
The 2016 race for the Republican Party presidential nomination started in earnest Monday, as Ted Cruz made his announcement official. The fiery Texas Senator actually took a page out of Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk’s playbook by using Twitter to make the initial announcement.
Cruz then made his first official speech as a presidential candidate on Monday to an audience of primarily students of Liberty University in Lynchburg, Virginia. In his speech, which was delivered without the assistance of a teleprompter, Cruz called himself a “courageous conservative” whose agenda includes repealing the Affordable Care Act (a.k.a Obamacare), promoting Second Amendment rights, implementing a much more hawkish foreign policy and abolishing the Internal Revenue Service in favor of a flat tax.
Stated differently, a President Ted Cruz would mean guns, bigger guns and lower taxes. Read
Mar 23, 2015, 12:59 pm EDT
Texas Senator Ted Cruz has announced that he will be running for President in 2016.
Sen. Ted Cruz is the first Republican candidate to officially announce that he’ll be running in the 2016 presidential elections. He is hoping raise to $1 million for his campaign during its first week and $40 million total. His early announcement is reportedly part of an effort to stand out from possible candidates to raise money, reports The New York Times.
Sen. Ted Cruz announced his presidential run at Liberty University. He said he wants to repeal the Affordable Care Act, terminate the Internal Revenue Service, protect human life and traditional marriage. Cruz has spoken out against income inequality and has also rejected climate control, NYT notes. Read
Mar 13, 2015, 10:40 am EDT
I just read a fascinating(ly wrong) piece on oil. The shocking headline exclaims that we should all be prepared for oil prices in the range of $10 to $20.
This is the dramatic point where I place my hand on my forehead and shake my head in bewilderment, wondering what these poor souls don’t understand about the oil market.
Those who argue that you should avoid oil stocks because of their (misconceptions) about the oil market are doing you a great disservice. Read
Mar 9, 2015, 12:34 pm EDT
The National Conference of State Legislatures has released a list of the current minimum wages in the United States. The list details minimum wage by state and also includes the Washington D.C. area. It was last updated on Feb. 24, 2015.
Here is the minimum wage by state in the U.S.
Alabama — None
Alaska — Currently $8.75, but will increase to 9.75 on 1/1/16.
Arizona — $8.05
Arkansas — Currently $7.50, but will increase to $8.00 on 1/1/16 and then $8.50 on 1/1/17.
California — Currently $9.00, but will increase to $10.00 on 1/1/16.
Colorado — $8.23
Connecticut — Currently $9.15, but will increase to $9.60 on 1/1/16 and then $10.10 on 1/1/17.
Delaware — Currently $7.75, but will increase to $8.25 on 6/1/15.
Florida — $8.05
Georgia — $5.15
Hawaii — Currently $7.75, but will increase to $8.50 on 1/1/16, $9.25 on 1/1/17 and $10.10 on 1/1/18.
Idaho — $7.25
Illinois — $8.25
Indiana — $7.25
Iowa — $7.25
Kansas — $7.25
Kentucky — $7.25
Louisiana — None
Maine — $7.50
Maryland — Currently $$8.00, but will increase to $8.25 on 7/1/15, $8.75 on 7/1/16, $9.25 on 7/1/17 and $10.10 on 7/1/18.
Massachusetts — Currently $9.00, but will increase to $10.00 on 1/1/16 and $11.00 on 1/1/17.
Michigan — Currently $8.15, but will increase to $8.50 on 1/1/16, $8.90 on 1/1/17 and $9.25 on 1/1/18.
Minnesota — Currently $8.00 for large employers and $6.50 for small employers.
Mississippi — None
Missouri — $7.65
Montana — $4.00 for employers with under $110,000 in yearly sales and $8.00 for everyone else.
Nebraska — Currently $8.00, but will increase to $9.00 on 1/1/16.
Nevada — $7.25 with health benefits and $8.25 without health benefits.
New Hampshire — None
New Jersey — $8.38
New Mexico — $7.50
New York — Currently $$8.75, but will increase to $9.00 on 12/31/15.
North Carolina — $7.25
North Dakota — $7.25
Ohio — $7.25 for employers grossing $283,000 or less and $8.10 for everyone else.
Oklahoma — $7.25
Oregon — $9.25
Pennsylvania — $7.25
Rhode Island — $9.00
South Carolina — None
South Dakota — $8.50
Tennessee — None
Texas — $7.25
Utah — $7.25
Vermont — Currently $9.15, but will increase to $9.60 on 7/1/15, $10.00 on 7/1/16 and $10.50 on 1/1/18.
Virginia — $7.25
Washington — $9.47
Washington D.C. — Currently $9.50, but will increase to $10.50 on 7/1/15, $11.50 on 7/1/16.
West Virginia — Currently $8.00, but will increase to $8.75 on 12/31/15.
Wisconsin — $7.25
Wyoming — $5.15
To learn more about the minimum wage by state in the U.S., click here. Read
Feb 26, 2015, 2:09 pm EDT
Jihadi John, who is the the man behind the Islamic State beheading videos, has been identified as Mohammed Emwazi.
The identity of Jihadi John was revealed by some of his former associates and was confirmed by two U.S. government sources. He is a programmer from London and is 26 years old. Emwazi was born in Kuwait and moved to England when he was six years old, reports Reuters.
The identity of Jihadi John was discovered by the British and US governments with the help of facial and voice recognition software. Agencies didn’t want to publicly identify him as they thought it would make him harder to find. He has been connected to the killings of four US citizens, two British and Japanese citizens and more than 20 Syrian soldier, Reuters notes. Read