The claim that increasing the minimum wage doesn’t lead to reduced employment goes against the vast majority of studies
America
The leveraged loan market has gone feral
Lenders have responded to a wave of distressed companies and the cancer of weak covenants by going feral on each other
The Dallas Pension Fiasco Is Just the Beginning
The run of redemptions and lock-up of the Dallas Police and Fire Pension fund was entirely predictable. The same conditions exist elsewhere and point to a wave of state and local government pension and debt defaults in the coming decade.