Last week, a federal judge in New York ruled that Fox Searchlight Pictures, Inc. broke state minimum wage laws and federal labor law when it didn’t pay its interns, Eric Glatt and Alexander Footman, for their work on the production of the film Black Swan.
Glatt was an unpaid accounting clerk for Fox Searchlight. His responsibilities included such mundane tasks as filing, getting signatures, and handling petty cash.
After all the excesses and fiascoes the financial community (and country) has undergone – and continues to undergo – you would think that Washington would be more than motivated to keep the foxes out of the hen house.
Last week, a firestorm hit the markets.
In a shocking announcement it was discovered that a “special list” of users had been paying a fee to Thomson Reuters to receive the University of Michigan Consumer Sentiment Index figures two seconds early.
If you’re like most Americans, you probably think the primary purpose of the Farm Bill up for congressional authorization this year is to help farmers.
CNBC World asks Money Morning Chief Investment Strategist Keith Fitz-Gerald to weigh in on investment opportunities that may arise out of the Fed’s actions.
The United States claims a position as a world leader in many fields. And in a few of those fields, it still is. We like to think of ourselves as leaders in business, the free market, the entrepreneurial spirit. But the country is falling further and further behind in key competitive areas, giving up a lot of ground in the past 10 to 13 years.
What do I make of comments from PIMCO’s Bill Gross…that he’s projecting a 60% chance of a global recession in the next three to five years?
Today, when those in power don’t like what you have to say, your business can be audited or refused tax-exempt status in painstakingly long and intrusive processes.
But the reverse is also true: When the powers-that-be approve, life is good – it’s all rubber stamps and smooth sailing.
Patients’ hospital expenses have nearly doubled in the past decade. So, too, has the price of college textbooks. And gas prices have more than doubled, while prices of fuel oil and other fuels for home use have climbed a whopping 145%.
Look for the Obama administration to delay its Keystone Pipeline decision until after the 2014 election as it’s preoccupied by ongoing scandals and the debate about fracking in the United States.
