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February 19, 2015 3:58 PM Walmart to Raise Wages Despite Underwhelming Revenue

Retail giant Walmart announced a new wage initiative Thursday that will cushion the paychecks of about 500,000 full-time and part-time U.S.-based employees. The new Walmart minimum wage will reportedly rise to $9 per hour by April, according to Walmart's financial report for the fourth quarter ending Jan. 31. That wage is expected to then climb to at least 9

February 19, 2015 1:31 PM Federal Reserve officials not sure about Right Time to Increase Interest Rates

Federal Reserve officials held minutes of the January 27-28 meeting and it indicated that policymakers don’t actually know when they should begin raising interest rates again or how they should inform about this to the investors. Interest rates have been very low and some analysts said that they fear economic threats from abroad and the weak job market 17

February 19, 2015 1:15 PM Greece asks for six-month loan extension

Greece requested a six-month extension in its rescue loan agreement — but not the associated budget measures — in a last-moment bid Thursday to break a deadlock with its creditors in the 19-country eurozone over its bailout program. Greek government spokesman Gavriil Sakellaridis previously said the plan would involve extending the 240 billion euro ($272 billion) 9

February 18, 2015 11:25 PM Walker administration proposes 17% pay hikes for troopers

Madison — Republican legislative leaders said Tuesday they will reject a 17% pay raise for state troopers negotiated by Gov. Scott Walker's administration. Assembly Speaker Robin Vos (R-Rochester) and Senate Majority Leader Scott Fitzgerald (R-Juneau) said they want the GOP governor's administration to enter a new round of negotiations with the troopers 12

February 18, 2015 8:22 PM Fed officials in no hurry to raise rates

Federal Reserve officials struggled last month to assess when economic data might prompt them to raise interest rates from record lows — and how best to convey their intentions to investors. Minutes of the Fed's Jan. 27-28 meeting released Wednesday suggest that policymakers aren't ready to start raising rates anytime soon, with some expressing concerns 10

February 18, 2015 7:19 PM The Enduring New York City Pop Life of George Usher and Lisa Burns | Tom Semioli

For many us with an urban disposition who experienced the best days of our lives in New York City in the 1980s, life in modern times can be disheartening to a degree. Our cherished music venues and neighborhood bars have long been replaced by edifices of excessive wealth, record and book stores are all but extinct, the mom and pop eateries, illegal sidewalk 24

February 18, 2015 7:15 PM Fed officials stress patience in rate hike talks

WASHINGTON (AP) — Federal Reserve policymakers do not appear ready to start raising interest rates anytime soon, with officials expressing concerns about inflation and lingering weakness in the labor market. Minutes of the Fed's Jan. 27-28 meeting released Wednesday show that officials struggled to determine the appropriate timing for a rate hike. The Fed's 9

February 18, 2015 7:11 PM Protect your retirement plan from the government's whims

"Robbed" is perhaps a little strong, but I understand your trepidation. For better or worse, government policies in any number of areas can clearly affect the value of your nest egg, not to mention your retirement prospects overall. Social Security aside, tax rates are typically the main source of concern. They can have a direct impact on how you save (in a Roth IRA or 401(k) vs. a traditional 15

February 18, 2015 5:20 PM As airlines hike fares, they ask how much more will you pay?

Last week, Delta kicked off a chain reaction with a small domestic ticket price-hike (it was just a few dollars per round-trip). Other airlines quickly joined in, including American, United, JetBlue and others. Since then, airlines have been adjusting some prices while rolling back others and at the moment it's not clear if the hike will succeed. But even if the hike fails 11

February 18, 2015 2:57 PM Walmart Pitched Minimum Wage Hike As Boon To Its Workers

Last year, the worker group OUR Walmart began circulating petitions in Walmart stores calling for a $15 minimum wage and consistent, full-time hours for store employees. The petitions preceded the third consecutive year of Black Friday strikes at the world's largest retailer. Management at one store in Massachusetts had a carefully crafted response to those 11