President Donald Trump: The U.S. Economy’s Winners and Losers

May 25, 2016, 1:24 pm EDT

As improbable as it might have seemed even a few months ago, the prospects of a “President Donald Trump” are very much on the table. Source: Gage Skidmore via Wikimedia (Modified)

One of the most accurate predictors of presidential elections over the years has been the University of Iowa’s Presidential Election Electronic Market, which is currently predicting a win for the democratic nominee, Hillary Clinton, by a significant margin.

Between now and then however, there’s high potential for game-changing events between Clinton’s email server to Benghazi woes and Donald Trump’s occasional foot-in-mouth/that’s-not-what-I-meant moments. Others polls suggest a tighter race, which means the election as well as the “will they or won’t they boost rates?” question at the Federal Reserve will no doubt make us all feel like we are in a drawn-out tennis match during a long, hot summer, begging for it to be over. Read 

HB2 News: Maroon 5 Cancels NC Concerts Over Bathroom Bill

May 20, 2016, 3:36 pm EDT

Maroon 5 is responding to the House Bill 2 (HB2) by canceling two concerts in North Carolina.

The pop band was slated to perform in Charlotte on Sept. 11 and Raleigh on Sept. 12. However, the band can’t justify performing in a place that forces transgender people to go to the bathroom of their birth sex.

Maroon 5 issued a statement apologizing to its fans, stating it is not the band’s intention to deprive its fans of their music, but the HB2 is a violation of human rights. Read 

FDA Approves 7 Changes to Nutrition Facts Label

May 20, 2016, 1:24 pm EDT

The FDA has released updated changes for nutrition facts labels and InvestorPlace has collected a list of those changes.

    Important information, such as calories and serving sizes, will have increased text size. The labels will include actual amounts of Vitamin D, calcium, iron and potassium. “Added Sugars” are being changed to show grams and a Daily Value percent. The FDA is requiring Vitamin D and potassium to be listed, but Vitamins A and C don’t need to be. “Calories from Fat” is being removed from the nutrition labels. Serving sizes are being updated. Changes based on dietary guidelines are being made.

Follow this link to learn more about the changes being made to the nutrition facts label by the FDA on July 26, 2018. Read 

Philadelphia Considers Huge Soda Tax

May 20, 2016, 11:27 am EDT

Philadelphia is considering a huge soda tax that could double prices for the sugary drinks.

The soda tax that Philadelphia is looking to implement would increase soda prices by 3 cents per ounce. The tax is being proposed as a way to help pay for prekindergarten and more. The tax would also include sports drinks, energy drinks and tea.

The American Beverage Association, which is made up of The Coca-Cola Co (KO), PepsiCo, Inc. (PEP) and Dr Pepper Snapple Group Inc. (DPS), is fighting the tax with advertisements. There’s also the possibility that it will sue to try and stop the law from passing. The Philadelphia city council will vote on the tax in June, reports The Wall Street Journal. Read 

Louisiana’s New Medical Marijuana Law: 5 Things to Know

May 19, 2016, 5:36 pm EDT

Louisiana has a new medical marijuana law.

The Southern state will soon join the list of places in the U.S. where cannabis can be prescribed for medical purposes. Here are five things you need to know:

    Louisiana will become the 25th state to prescribe medical marijuana. Senate Bill 271 has yet to be passed but it is believed that Governor John Bel Edwards will put it into action without hesitating. The bill will be stronger than in a lot of states. However, smoking marijuana will still be illegal. The state of Louisiana will technically not be “prescribing” marijuana, and using another term that allows the move to be constitutional. Medical marijuana will benefit patients with cancer, glaucoma, positive status for human immunodeficiency virus, acquired immune deficiency syndrome, cachexia or wasting syndrome, seizure disorders, epilepsy, spasticity, severe muscle spasms, Crohn’s disease, muscular dystrophy or multiple sclerosis.

Learn more about the bill here. Read 

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 

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