Dow, S&P 500 finish lower Friday after Republicans pull AHCA >>> READ MORE

5 Oil Stocks to Buy as Insurance Against ISIS

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. Source: ©

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 

Minimum Wage by State 2015

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 

Report: Hilary Clinton Used Only Personal Email Account as Secretary of State

Mar 3, 2015, 1:38 pm EDT

Hilary Clinton did not have an official email account with the State Department when in office.

During her four years as Secretary of State, Clinton used a personal email account for official purposes. The move breaks National Archives and Records Administration’s rules.

The agency says personal email accounts should only be used for emergency situations. Clinton’s aides reportedly knew of her use of personal email on department servers and kept quiet. Read 

Jihadi John: Who Is Mohammed Emwazi?

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 

Washington DC Legalizes Marijuana: What You Should Know

Feb 26, 2015, 1:40 pm EDT

Washington DC legalized marijuana on Thursday.

The new law legalizing marijuana in Washington DC does have restrictions to it. First of all, those looking to smoke the drug in the area must be 21 years of age or older. Also, a person can only have a little less than two ounces of weed at a time. The drug can’t be sold and driving while under its influence is illegal, reports The Los Angeles Times.

Those looking to light up can only do so in their home as marijuana is banned from public use. This public ban includes eating brownies or other foods that have it cooked into them. Citizens in the area are also allowed to grow their own weed, L.A. Times notes. Read 

Tipped Wage: Waiters to Get a Big Pay Raise in New York

Feb 24, 2015, 4:22 pm EDT

New York waiters are getting a pay raise next year.

Tipped wage rates will increase by $2.50 beginning Dec. 31. The state’s tipped workers — including servers, hotel houseekeepers and more — will make $7.50 an hour before tips.

Servers are currently making $5 per hour, while the state’s minimum wage is $8.75. Businesses are allowed to pay workers less than minimum wage if tips make up the difference. Read 

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