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Mayor Vincent Gray ended weeks of speculation and vetoed the measure passed in July. Wal-Mart threatened to halve the number of stores it plans to build in the district if the measure becomes law.
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In his new book, Average Is Over, Tyler Cowen predicts that America will become a new, more creative meritocracy. Though he believes a rise in income inequality is inevitable, he hopes that "happiness inequality isn't going up in the same way."
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I majored in applied math, I have an MBA, and I'm working as a reporter at NPR. An economist just told me I'm leaving millions of dollars on the table.
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An analysis of data from the Internal Revenue Service shows that incomes for the very wealthiest Americans have grown by nearly a third in recent years in the same period that those for the bottom 99 percent increased by only a fraction.
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People are much worse at solving puzzles when they're first reminded of money problems, scientists say. Fretting about about finances can slow down your thinking as much as losing a night's sleep, researchers say.
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In 50 cities across the nation, many employees at fast-food restaurants have pledged to walk out. They're hoping to draw attention to their campaign for an increase in the minimum wage.
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A college student getting help from his parents may be below the poverty line. The mother who earns $23,000 a year is not.
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That's according to the USDA's yearly "Cost of Raising a Child" report. Adjusted for inflation the damage is $301,970.
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A group is calling on back-to-school shoppers to boycott Macy's and Kroger stores in Texas this weekend, in retaliation for the national retailers' efforts to quash a bill that would have strengthened the state's wage discrimination law.
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Picketers in seven cities say McDonald's, Wendy's and other fast-food chains should pay employees $15 an hour. But the restaurant industry says that would force those companies to cut jobs.