Target (TGT) Comes Out in Support of Gay Marriage

Aug 7, 2014, 1:02 pm EST

Target (TGT) has expressed its support of gay marriage in the company’s blog.

The retailer signed its name in a court brief that backs marriage equality. Target is following in the footsteps of other major companies that have signed the document and openly expressed their support for gay marriage including Apple (AAPL) and Starbucks (SBUX).

“It is our belief that everyone should be treated equally under the law, and that includes rights we believe individuals should have related to marriage,” Target Executive Vice President of Human Resources Jodee Kozlak said. Read 

Same-Sex Marriage Ban Overturned in Virginia

Jul 29, 2014, 11:39 am EST

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 

A $15/Hour Minimum Wage Is Bad for Business

Jul 25, 2014, 11:11 am EST

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 

Uh-Oh! Obamacare Subsidies Ruled Illegal in 36 States

Jul 22, 2014, 12:48 pm EST

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 

Christie on TSLA Sales: NJ Tesla Ban Isn’t His Fault

Jul 17, 2014, 2:56 pm EST

New Jersey Gov. Chris Christie isn’t claiming responsibility for the ban of Tesla Motors’ (TSLA) vehicles in the state.

Christie claims that his administration turned a blind eye to Tesla for a full year to give them time for what it was doing, but that it couldn’t continue to do so. He went on to say that he doesn’t like the law that bans the company from selling cars either, but that he couldn’t just ignore a law he didn’t like, reports The Star-Ledger.

Christie also said that he had a bill on his desk that would allow Tesla to operate in the state, but that it would only further hurt anti-competition in the state. He is actually referring to two bills that may be combined into a single bill, The Star-Ledger notes. Read 

Malaysia Airlines Plane Shot Down: What We Know

Jul 17, 2014, 1:55 pm EST

Malaysia Airlines plane was shot down between the Ukrainian and Russian border on Thursday.

The commercial flight was carrying 295 passengers who were traveling from Amsterdam to Kuala Lumpur when a Buk launcher missile hit the plane, according to Anton Gerashenko, an advisor to Ukraine’s inerior minister.

The Malaysia Airlines flight attack is still being investigated and Ukraine president Petro Poroshenko assures that Armed Forces of Ukraine had no part in it. The attack took place only a day after President Barack Obama announced a new round of sanctions on Russians. Read 

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