My Thoughts: There are two pieces to the proposal. 1. Raise the Federal Rate to $9.50 2. Index the rate to inflation. I do actually agree with pt. 2 indexing to inflation. That should actually be the case with all government programs that have to do with our income (Social Security, Medicare, our age to receive those programs,etc.). We actually have our minimum wage set to auto adjust with inflation (which it recently did to $7.67 per hour). My problem is with the chilling impact that could occur with many Florida based employers that have many entry level personnel. In this extremely challenging business environment many businesses (especially small businesses) are struggling to meet current payroll let alone have an increase of greater than 20% for their entry level personnel. Keep in mind also that the actual cost of an employee is about 33% more than base pay for employers (payroll taxes benefits, etc.). Many businesses will be forced to layoff entry level people if this proposal were to become law. I think it's extremely important to get in touch with your Representatives and share your opinion on this issue.
My Thoughts: Annuities could be coming to 401k plans. They have become more popular than ever in recent years as fixed income investments haven't been able to provide a suitable level of income for many retirees. I'm not a huge supporter of annuities but I'll leave that for another day. I do think many Americans would like to be able have this option.
President Obama's re-election odds:
Using my time honored formula... The survey says: 57%. It's still slightly in the President's favor.
Google's Android app store to become much safer to use:
My Thoughts: I'm glad to see the new screening software for Google's app store. Unlike Apple's iTunes there had been now filter to prevent malicious apps from being available in the Google store and unfortunately some bad apples have taken advantage of others through bogus apps. If you use the Google app store don't completely take your guard down as we still need to see the new screening software in action to ensure it works properly but at a minimum the apps in the store should generally be safer than before.
Huffington Post follows the Glenn Beck model:
My Thoughts: And people thought Glenn Beck was crazy for creating his own online TV network. The Huffington post is doing the same thing with 12 hours of daily content starting this summer. It's smart business going forward. The next generation TV's will always be online so the lines will be blurred about what's TV programming and what's online. It will all be "TV" programming.
Super Bowl online crackdown:
© 2012
