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Restaurateur Tom Douglas have raised prices at his restaurant following the raise in minimum wage. Here he is in front of Dahlia Bakery, one of his 19 restaurants and bakeries throughout the city. Photo by Joe Mabel via Wikimedia Commons.

Restaurant prices soar in Seattle as $15 moves closer

When Tom Douglas first heard about the plans of raising the minimum wage in Seattle to $15 an hour, he knew what it would mean for his business: higher costs. And he knew what that would mean for his customers, too: higher prices. Douglas, a 57-year-old chef and restaurateur, owns […]

Is It Worth Going Back to College After Age 40?

Is It Worth Going Back to College After Age 40?

When Ed Morneault returned to college at the age of 40, he was hoping not only to complete his bachelor’s degree but also that it would lead to an increase in pay or possibly a promotion. A facilities manager for the U.S. Army outside of Washington, D.C., Morneault began college […]

Key things to watch in the Personal Income and Outlays report

At 8:30 on Friday, the U.S. Department of Commerce will release its monthly report on Personal Income and Outlays for March. Economists polled by Bloomberg predict a modest rise for the Personal Income, with a median estimate of 0.3% gain. The median estimate on the consumptions is at a weak […]

5 Things To Watch For In The Durable Goods Report

The Commerce Department publishes its first look at the durable goods report at 8:30 a.m. EDT Tuesday. Economists expect the headline figure to increase 1.9 percent. That would be a moderate gain from 1 percent decline last month. Here’s what to look for in the report. 1. Boeing effect The […]

Five Things to Watch in the March Housing Starts Report

Five Things to Watch in the March Housing Starts Report

At 8:30 this morning, the Census Bureau will release its monthly report on housing starts for March. Economists polled by Bloomberg predicted a modest drop in housing starts for March, with a median estimate of 1.16 million, slightly down from February’s seasonally adjusted rate of 1.2 million. Economists attribute the […]

5 Things to Watch in the March CPI Report

5 Things to Watch in the March CPI Report

Tomorrow morning the Labor Department releases its monthly inflation report for March at 8:30 a.m., and economists surveyed by Bloomberg expect both the overall index and the core index (less volatile energy and food prices) to tick up 0.2 percent. The last two months saw solid growth in the core […]

Gasoline prices have started to increase. Also here at Hess Station in Deptford, New Jersey. Photo by Ben Schumin, Flickr

Five things to watch in March retail sales

Q1 is almost in the books and so far it’s been a weak quarter for retail sales. At 8.30 AM today the Department of Commerce delivers the last piece in the puzzle. Expectations in the market are a small 0.1 increase in the headline number but the main event is […]

El Nino Puts the Squeeze on Tomato Crops, Causing Price Spikes

El Nino Puts the Squeeze on Tomato Crops, Causing Price Spikes

The U.S. agriculture industry, especially in Florida, has a rotten tomatoes problem that has nothing to do with film reviews. Erratic weather patterns have wreaked havoc on U.S. tomato crops from West Coast to East this winter, causing prices to spike in recent months. Tomato prices had been on a […]