Fed Vice Chair: Rate Increase Possible
Aug29

Fed Vice Chair: Rate Increase Possible

Washington — Federal Reserve Vice Chairman Stanley Fischer left the door open Saturday for a Fed rate increase in September, saying the factors that have kept inflation below the central bank’s target level have likely begun to fade. Fischer said there’s “good reason to believe that inflation will move higher as the forces holding down inflation dissipate further.” He said, for example, that some effects of a stronger dollar and a...

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6% Increase OK’d For Vt. Blue Cross

Montpelier — The Green Mountain Care Board has given its approval to a nearly 6 percent rate increase for individual customers of Blue Cross and Blue Shield. Board chairman Al Gobeille said the rate increase underscores the need to implement a payment reform system in Vermont. Blue Cross originally filed for an 8.6 percent increase but the board whittled this proposal down to a 5.9 percent increase. The increase is the weighted...

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Economy’s 215,000 New Jobs Called Good Sign

Washington — September remains in play for a Federal Reserve interest-rate increase after the U.S. added 215,000 jobs in July, extending progress that’s encouraged policymakers to move toward removing unprecedented monetary stimulus. A measure of traders’ bets on a September rate hike rose to the highest level this year after a government report showed employment growth last month was in line with the 211,000 average monthly gain so...

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Study: $15 an Hour Would Not Increase Fast Food Prices Much

Washington — Would you pay 17 extra cents for a Big Mac if it meant the person who prepared it could earn a living wage? What about an extra 30 cents each time you ate out at any fast-food restaurant? These are the small prices we would have to pay on average to ensure that fast-food workers around the country earned an hourly wage of $15, according to a new study by researchers at Purdue University’s School of Hospitality and Tourism...

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Franchisees Fighting $15 Wage in N.Y.
Jul26

Franchisees Fighting $15 Wage in N.Y.

New York — Gov. Andrew Cuomo wants to have it his way with New York’s fast-food industry — and restaurant owners aren’t loving it. Franchise owners say they’re considering a lawsuit against Cuomo’s plan to raise the minimum wage in their eateries to $15 an hour, arguing that it is not fair or legal to be saddled with such a significant increase in labor costs that won’t apply to retail, landscaping, child care or other traditionally...

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