Amazon (owner of Whole Foods) raises wage to $15, and immediately slashes employee’s hours to compensate, precisely as predicted by every person who knows anything about economics ever.

via theguardian: An email shared with the Guardian by a Whole Foods employee cites the shift cuts as a ‘direct result of guidance from our regional team’ In response to public pressure and increasing scrutiny over the pay of its warehouse …

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Gundlach: Rate Raises + Increased Federal Debt = US Economic “Suicide Mission”… Holtz-Eakin: “Average American Is Blissfully Unaware of the Federal Debt Problem”

via yahoo: Bond investor Jeffrey Gundlach, the founder of DoubleLine Capital, reiterated his assertion that the U.S. is “on a suicide mission” by increasing its deficit while the Fed is raising interest rates. Gundlach made the comments during a webcast on Tuesday afternoon shortly …

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