Deal reached to boost California’s minimum wage to $15, avoiding ballot box battle – LA Times

Lawmakers and labor unions have struck a tentative deal to raise the statewide minimum wage to $10.50 an hour next year and then gradually to $15, averting a costly political campaign this fall and possibly putting California at the forefront of a national movement. The deal was confirmed Saturday afternoon by sources close to the negotiations…

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Growing Up in a Bad Neighborhood Does More Harm Than We Thought – The New York Times

But Mr. Chyn argues that this experiment substantially understates the importance of neighborhoods. The problem, he says, isn’t in comparing those who win the lottery with those who lose. Rather, he argues that both the treatment and control groups had already partly inoculated their children against the effects of bad neighborhoods. Only a quarter of…

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Mocked and forgotten: who will speak for the American white working class? | US news | The Guardian

The National Review, a conservative magazine for the Republican elite, recently unleashed an attack on the “white working class”, who they see as the core of Trump’s support. The first essay, Father Führer, was written by the National Review’s Kevin Williamson, who used his past reporting from places such as Appalachia and the Rust Belt…

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Canadian Housing & Mortgage Investment Corporations – Time To Worry? | Zero Hedge

via Valuewalk.com, The Canadian housing market has done extremely well for a very long time. As such, many people expect the trend to continue. That said, there are major vulnerabilities in the Canadian economy that pose a threat to the housing market’s continued success. In the following report we will examine the economy, the financial…

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Millions of ordinary Americans support Donald Trump. Here’s why | Thomas Frank | Opinion | The Guardian

Let us now address the greatest American mystery at the moment: what motivates the supporters of Republican presidential candidate Donald Trump? I call it a “mystery” because the working-class white people who make up the bulk of Trump’s fan base show up in amazing numbers for the candidate, filling stadiums and airport hangars, but their…

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