Mark Schlagenhauf

9 Flips | 2 Magazines | 10 Likes | 6 Following | @schlagenhauf | Keep up with Mark Schlagenhauf on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Mark Schlagenhauf”

Businesses brace for 'serious cuts' as city enacts highest-in-nation $15 minimum wage

As talk builds on Capitol Hill over hiking the federal minimum wage, one city in Washington state is poised to set the highest rate in the nation.<p>On Jan. 1, an estimated 1,600 hotel and transportation workers in SeaTac, Wash., will see their pay jump to $15 an hour, a 60 percent increase from the …

Congress letting billions in tax breaks expire at year's end

Fifty-five temporary tax breaks are expiring at the end of the year. Among the big ones:<p>—A tax credit for research and development, benefiting a wide range of industries, including manufacturers, pharmaceutical makers and high tech companies. The tax break saved companies an estimated $6.2 billion …

Judge nixes Florida's welfare drug testing

A federal judge on Tuesday struck down a Florida law requiring applicants for welfare benefits to undergo mandatory drug testing, ruling it was unconstitutional and shouldn't be enforced.<p>U.S. District Judge Mary Scriven's 30-page order made permanent an earlier, temporary ban on the law by the …

‘Rate Shock’? ObamaCare launch brings renewed concern over insurance tax

New Year's Day marks the start of coverage under ObamaCare for millions of people -- but it also marks the start of a massive tax increase which could further inflate premiums.<p>Beginning Wednesday, the Affordable Care Act imposes an annual fee on health insurers. The fee is projected to bring in $8 …

Brad Pitt charity under fire after Katrina victims’ homes begin to rot

Brad Pitt’s charity, set up to help New Orleans residents devastated by Hurricane Katrina, is coming under fire amid allegations the homes the organization built are rotting, Radar Online reports.<p>According to the website, more than two dozen homes in the Ninth Ward built by the Make It Right …

Most Economists Say Happy New Year — Really

As the new year begins, most economists' annual forecasts are brimming with good cheer.<p>"The economic news remains broadly encouraging," the Goldman Sachs forecasters write in their 2014 outlook.<p>And the brighter prospects are not limited to this country. "The global economy is likely to emerge in …

Bankrupt Detroit swears in new mayor, although powers are limited

The new mayor of Detroit was sworn into office on Wednesday, and despite the New Year's Day holiday – and his limited powers in an insolvent city whose finances are controlled by a state-appointed emergency manager – he is starting work immediately.<p>Mike Duggan was holding initial staff meetings at …

Mayor Bill De Blasio Chooses His Path With Uncompromising Inauguration

A mayor unafraid to make enemies, and eager to keep his friends.<p>President Barack Obama confirmed his progressive supporters' worst fears five years ago when his staff released the name of the minister who would consecrate his inauguration: Rev. Rick Warren, a megachurch pastor who represents a …

Federal Flood Insurance Program Drowning In Debt. Who Will Pay?

Millions of American property owners get flood insurance from the federal government, and a lot of them get a hefty discount. But over the past decade, the government has paid out huge amounts of money after floods, and the flood insurance program is deeply in the red.<p>Congress tried to fix that in …