Deconstructing Bad Ideas: Minimum Wage

By Jeff Rhodes, Freedom Foundation

The notion that the government, in its infinite wisdom, should be the one to decide what it’s fair to pay workers in the private sector is one of the most cherished—and unsupportable—ideas in all of liberaldom.

YRC Stock May Drop as Teamsters Reject Accord-Funding Tie

By Thomas Black, Bloomberg News

YRC Worldwide Inc. (YRCW)’s shares may plunge for a second day after union workers rejected a labor agreement yesterday that the trucker has said was required to refinance more than $1 billion of debt and stave off bankruptcy.

UAW’s gain is taxpayers’ loss

By James Sherk, Republican American

The Treasury Department has sold the last of its stock in General Motors Co. Even though taxpayers lost $15 billion on the auto bailout (including losses at Chrysler Group LLC and Ally Financial Inc., which offers financing for GM vehicles), the Obama administration put out a statement taking credit for its handling of tax dollars and the Detroit automakers’ success.

Obama Takes Romney’s Advice on Detroit

By Chris Stirewalt,

Just before Detroit became the largest municipality to ever file bankruptcy, the failed city’s emergency manager, Kevin Orr, pleaded with top White House officials, including senior adviser Valerie Jarrett, for help.

Detroit and the End of ‘Big Unit America’

By Michael Barone, National Review Online

Detroit, once one of the nation’s most vibrant cities, faces imminent bankruptcy. That’s the headline from the report last month of emergency fiscal manager Kevyn Orr, issued 45 days after he was appointed this spring by Michigan governor Rick Snyder to take over the city’s government.