TMB: CBO: Minimum Wage Hike Could Leave 1 Million Unemployed‏

CBO: Minimum Wage Hike Could Leave 1 Million Unemployed By Bill McMorrisThe 40 percent minimum wage hike touted by President Obama and congressional Democrats would cut 500,000 jobs and could leave as many as 1 million people unemployed, according to the Congressional Budget Office.

Split within Al Qaeda Over Syrian Rebels Grows   By Bill GertzSharp divisions among al Qaeda terrorists in the Middle East are continuing despite a recent appeal by the group’s top leader to heal the rift between two warring factions.


Subpar: Anti-Obama Street Art Covers Santa Monica By Elizabeth HarringtonAn unknown artist is covering the streets of Santa Monica, Calif., with posters declaring President Obama to be “subpar.”


German Company Denies Selling Death Cranes to Iran By Adam KredoThe chairman of a German company whose cranes are reportedly being used for public hangings in Iran lashed out at critics and dismissed calls for his company to end its relationship with Tehran on humanitarian grounds.


Owners of Fannie Mae, Freddie Mac Stock Unable to Access Future Earnings By Daniel WiserA recently revealed memo from the Treasury Department indicates that owners of Fannie Mae and Freddie Mac common stock will not be able to access any future earnings from the mortgage giants, a previously undisclosed arrangement that experts say might violate securities laws and amount to a de facto nationalization of the companies.
Former Democratic Congressman Arrested in Zimbabwe By WFB StaffFormer Rep. Melvin Reynolds (D., Ill.) was arrested in Zimbabwe, the Associated Press reports.


Scalia Dissents: Chicago Deep Dish ‘Not Pizza’ By WFB StaffSupreme Court Justice Antonin Scalia issued a decision Monday that Chicago-style pizza is “not pizza,” the Washington Times reports.



Kate Upton Has The Right Stuff By Robert CharetteI respect Sports Illustrated‘s reasonable business decision to slap a troika of swimsmokes on its cover to triple the promotion potential of its 50th Swimsuit Issue. Three is better than one and six is better than two. But it was to my dismay that the mag appeared to be operating under the assumption that Kate Upton is yesterday’s news.

Shrinkage By David RutzThe labor force participation rate, a key indicator of economic strength, has undergone a sharp decline during the Obama administration, according to the Bureau of Labor Statistics.