As most any competent economist will tell you minimum wages do nothing for the beginning or low end workers. If yo raise the $8 worker to $15 then all those between $8 and $15 will demand increases and those from $15 to where every (especially with union contracts) will also what a raise. The bottom line is within a few years the purchasing power of $15 will be the same as it was before at $8 so there is no gain. Also with cheaper and cheaper tech the cost benefit from automation gets better and better The current order takers only push buttons and make change. Flip the terminals around and let the customers enter there own orders. How many stores today have self checkout lanes so the concept is not new and at some pay level that is what will happen.
Tag Archives: MRYA
De-Dollarization Continues: China-Argentina Agree Currency Swap, Will Trade In Yuan
Re-Posted from ZEROHEDGE
Submitted by Tyler Durden on 09/07/2014 17:58 -0400
It appears there is another nation on planet Earth that is becoming isolated. One by one, Russia and China appear to be finding allies willing to ‘de-dollarize’; and the latest to join this trend is serial-defaulter Argentina. As Reuters reports, China and Argentina’s central banks have agreed a multi-billion dollar currency swap operation “to bolster Argentina’s foreign reserves” or “pay for Chinese imports with Yuan,” as Argentina’s USD reserves dwindle. In addition, Argentina claims China supports the nation’s plans in the defaulted bondholder dispute.
Having met ‘on the sidelines’ in Basel, Switzerland in July, Argentine and Chinese central banks agreed to a currency swap equivalent to $11b that Cabinet Chief Jorge Capitanich said could be used to stabilize reserves.. (as Reuters reports)
Argentina, which defaulted on its debt in July, will receive the first tranche of a multi-billion dollar currency swap operation with China’s central bank before the end of this year, the South American country’s La Nacion newspaper reported on Sunday.The swap will allow Argentina to bolster its foreign reserves or pay for Chinese imports with the yuan currency at a time weak export revenues and an ailing currency have put the Latin American nation’s foreign reserves under intense pressure.
La Nacion said Argentina would receive yuan worth $1 billion by the end of 2014, the first payment of a loan worth a total $11 billion signed by Argentina’s President Cristina Fernandez and her Chinese counterpart in July.
In addition, Bloomberg reports
People’s Bank of China Governor Zhou Xiaochuan expressed his support for Argentina in its legal fight against holdout bondholders
The Dithering Commander In Chief
This is a good description of the do nothing but play golf president — unfortunately we the people suffer for his incompetence!
By Barry Shaw ~
Barrack Hussein Obama is the example of what happens when the mightiest nation on earth elects a politician whose worldview is to naively make the world a level playing field.
America goes into reverse and “leads from behind.” He goes on An apology tour to the Muslim folk and tell them America is out of there, and they are free to conduct their own business, free of American interference. No more good side or bad side. Let’s push the “reset” button with Russia. Assad is “a reformer” and the world is “a global village” according to his Secretary of State, Hillary Clinton. “Bin Laden is dead, General Motors is alive, and Al-Qaida is on the run.” There is no such thing as Islamic terror. Let’s throw Mubarak under the bus to give Egyptians democracy and, just to show our good intentions, let’s invite…
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UK Deathcare: NHS chiefs are ‘reducing referral rates in bid to save cash’
This is what is coming here and sooner than you think!
The Steady Abrogation Of Freedom
Excellent work here and very consistent with what I know — just said much better than I could.
By Edward Cline ~
The ongoing abrogation of the Constitution and the freedoms it was established to protect and guarantee is complemented by the Islamic campaign to abrogate them, as well. What makes it possible are multiculturalism (no culture is superior to others), political correctness (many things are unmentionable, or mentionable only in euphemistic terms), diversity (a Brunswick Stew of cultural traditions, social relationships, and even political systems can enrich American culture and society), and subjectivism (all systems of values, moral, political and even esthetic, are mere prejudices, with no basis in reality).
Abrogation of the “peaceful” Koranic verses by the violent ones, and the abrogation of the U.S. Constitution by Islamic Sharia law (not that Muslims need any help from Congress and Obama to accomplish that) is an established goal by all the Islamic organizations in the U.S. But, first, let’s define the term. Merriam-Webster online:
: to…
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Screaming With Glee: “oh look, they got a white dude” – Black Mob Attacks White Kroger Customer and Employees… Eric ‘My People’ Holder Unavailable For Comment !
The pampering of crime leads to these situation which if not unchecked soon will lead to a NAAWP being formed and then real violence will ensue. This is, government supported, unrest is going toward America being a Balkanized state and we really, really, really don’t want that!
TX Border Rancher: Cartels Are Taking Over Open US Border – Politicians Are Lying (Video)
Of course the border is open and that is what the politicians want — or it would have been closed a long time ago.
Greta Van Susteren reveals ‘weird’ WH arm-twisting to get Fox to back down on Benghazi reporting
Maybe there is still some hope of good news — just watch they don’t sick the IRS, EPA and NASA on you guys.
Worker Witnesses To Mike Brown Shooting ?
The case becomes more complicated …
The Australian Government Broadcaster asks if we should ditch Democracy to ensure a climate change response
Their goal is Very Strong Central Governments such as exist in China and Russia controlled by one party that is little different then a medieval kingdom, and we know how good that was!
Centinel2012 