Economy

The New York Times wrote Thursday about Colorado’s “marijuana refugees”: Families who uprooted their lives to the move to the state when it legalized pot because the drug has crucial medicinal effects on their children’s illnesses. “I put what fit in my car and drove out here,” Marisa Kiser, whose toddler, Ezra, has had seizures almost since birth, told the Times.

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The people the pols praise are having trouble making ends meet.

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Bart Chilton, the colorful, mullet-sporting member of the Commodity Futures Trading Commission (CFTC), resigned this week, after casting a final vote to set position limits, which would regulate the number of commodity trades individual speculators can hold.

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JP Morgan gets to write off its $13 bill fine. Thanks to Congress, homeowners don't get to write off the help it provides.

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It was an awful time. Federal employees had to take unpaid furlough days. Beneficiaries were thrown off of federal programs. Courthouses had to be sold. Federal agencies like the FBI, the Food and Drug Administration, and the National Institutes of Health strained to meet commitments, leading to more crime, more outbreaks of disease and less basic research, among other horrors. 

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And it’ll only cost you $12.50 a year.

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Did the White House just open the door to some kind of short-term increase in the debt limit, perhaps to allow broader negotiations over fiscal priorities? Several media outlets are reporting as much. A senior administration official says that’s incorrect. I’m not sure who’s right or how much it actually matters. But, just in case, here’s the story.

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Today marks the fourth day in the largest fast-food walkout in U.S. history. One of the strikers’ key demands is a $15 hourly wage, slightly more than double the federal minimum wage of $7.25. Most people know that fast-food workers are on the low-end of the pay scale, but how low, exactly?

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Ah, the rush of having the ear of the President of the United States. A few weeks ago, for the magazine’s package of suggestions for Barack Obama to resuscitate his second term, I wrote the following:

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