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Business and Economic News

The state of multi-generational living

The state of multi-generational living

By 2012, almost one in four young adults lived in multi-generational homes, up from 18.7 percent in 2007 and 11 percent in 1980.

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Target takes $148M data breach hit

Target takes $148M data breach hit

The company says breach-related costs will reach $148 million in the second quarter. Insurance will cover one quarter of that amount.
by Matt Sepic

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Aspen Ideas Festival: Robert Reich on inequality

Aspen Ideas Festival: Robert Reich on inequality

Economist and former Labor Secretary Robert Reich gave an "Aspen Lecture" on the politics and economics of inequality. Reich says the wealthy would do better with a smaller share of a rapidly growing economy than a larger share of an economy that's not growing--and his words, is "essentially dead in its tracks." And if we don't have a buoyant and growing middle class, the poor can't ascend to it.

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Thousands of Minnesota workers get a minimum wage raise today

Thousands of Minnesota workers get a minimum wage raise today

Labor and other advocacy groups began pushing for a higher minimum wage last year, when Democrats took control of the Minnesota legislature. But it took them until this year to pass a bill because of disagreements over how much to boost the wage floor.
by Matt Sepic

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