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It has been 11 years since the federal minimum wage has increased, and Congress is weighing if now is the time to give minimum wage employees a raise.One economist cautions that now might not be the best time.“The big problem then is if you fundamentally raise the cost of their labor by raising the federal minimum wage in states where that will have an impact, then you’re further increasing the businesses’ cost,” said Ryan Bourne, economist from the Kato Institute. “Which is likely to make more businesses fail and actually result in fewer jobs being available for low-wage workers.”According to the Cato Institute, 29 states and the District of Columbia have minimum wages that are above the federal minimum of .25.“This seems to be a particularly bad time to raise the cost of hiring people by having a higher hourly wage rate,” Bourne said. “It might deter some of the adjustment we need to live with this virus.”But fellow economist Ben Zipperer of the Economic Policy Institute disagrees with Bourne’s assessment.“That kind of concern has always been raised when we’re talking about the minimum wage, and it doesn’t seem to actually play out in reality,” Zipperer said.Zipperer argues that raising the minimum wage could boost economic activity. He added that a minimum wage hike, while not a panacea, would put the economy in the right direction.“Giving people more money to have more money to spend, that’s probably one of the most effective policies to have during a kind of depression,” he said. 1519
It's not the kind of showcase political parties traditionally host during an election year. But the Democratic National Convention begins a week of speeches and virtual events tonight, kicking off the home stretch of a very unusual presidential campaign.From virtual setups across the country this week, the Democrats will nominate and celebrate their 2020 ticket — former Vice President Joe Biden and his running mate, Sen. Kamala Harris.The opening night theme, "We The People," will lead into an overall unity theme for the Democrats this week.Sen. Bernie Sanders, who battled Biden from the progressive flank during the primary cycle, is among Monday's headliners. He's scheduled to take the podium beginning at 10 p.m. ET.Also appearing Monday is John Kasich, a Republican and former governor or Ohio. He ran for president during the 2016 cycle.Finally, former First Lady Michelle Obama will take the stage on Monday. Her speech at the 2016 DNC included one of the week's standout quotes: "Our motto is, 'When they go low, we go high.'"Since Harris joined Biden on the ticket, they've coalesced around certain themes, including the former vice president's ongoing call that 2020 is a battle for the "soul of the nation."But at the campaign's core now is trying to persuade voters that they are best equipped to lead the U.S. out of the coronavirus pandemic.The televised portion of Monday's convention begins at 9 p.m. ET. Below is the tentative list of speakers, according to the DNC website.Sen. Amy Klobuchar (D-Minnesota)Sen. Catherine Cortez Masto (D-Nevada)Gov. Andrew Cuomo (D-New York)Gov. Gretchen Whitmer (D-Michigan)Former Gov. John Kasich (R-Ohio)Rep. Jim Clyburn (D-South Carolina)Convention Chairman Bennie ThompsonRep. Gwen Moore (D-Wisconsin)Sen. Doug Jones (D-Alabama)Sen. Bernie Sanders (I-Vermont)Former First Lady Michelle ObamaMusicians Leon Bridges and Maggie Rogers are also slated to perform during Monday's televised event. 1961

It's looking like at least one? — if not more — American tech giants may soon find themselves worth more than trillion dollars. That's a lot of zeroes. A dozen in fact.Apple is in the lead right now. Thanks to strong demand for its new iPhones, the company now has a market value of about 0 billion.The stock only needs to go up another 10% for Apple to top trillion.But even if Apple gets to the trillion dollar mark first, it may soon have company. Apple rival Alphabet -- aka Google -- has a market cap just shy of 0 billion.Amazon and Microsoft are also nipping at the heels of Apple and Google. Both of the Seattle-based tech titans are worth more than 0 billion.And these two companies seem to have more momentum than Apple and Google, whose stocks are up about 6% this year.In fact, GBH Insights analyst Daniel Ives wrote in a report Monday that he thinks Amazon could get to a trillion dollar valuation within 12 to 18 months.Amazon's stock has soared 30% this year thanks to impressive growth in its core e-commerce business as well as gains from last year's acquisition of Whole Foods and strength in its AWS cloud division.Microsoft has also benefited from growth in its cloud business. The stock is up 11% this year and is not far from a record high.If the four biggest tech companies all hit the trillion dollar milestone relatively soon, they eventually may wind up being joined by a few other tech giants -- and a much older school conglomerate as well.Facebook, Chinese e-commerce giant Alibaba and Chinese gaming and social networking kingpin Tencent are all worth about half a trillion dollars. So is Warren Buffett's Berkshire Hathaway.There's also the possibility that none of these tech companies will be the first to top the magical trillion dollar level.That's because oil giant Saudi Aramco is hoping to go public sometime this year -- and it is expected to be valued somewhere between .5 trillion and trillion. 1968
INDIANAPOLIS -- Two teachers and a student at Decatur Central High School spent some time in the hospital on Monday after a man got into the school and tried to attack a studentA district spokesperson says anyone entering Decatur Central High School has to be buzzed through a locked door by an employee inside. Tyrese Little, 18, was buzzed into the school along with family members who had students who attend the high school. The school spokesperson said he was in the main office of the building when he saw a student with whom he had a problem and went into the hall to confront him.“I saw the wrestling coach try to stop him and he couldn’t really stop him and at that point, most of the teachers in that hallway had detained this person and got a hold of him and they had him in handcuffs,” student Jayson Wagner said. “The wrestling coach is a pretty big guy, and he couldn’t even stop him.”A 16-year-old student and two teachers were injured and taken to the hospital to be treated.The school was never placed on lockdown and Little did not have any weapons on him at the time of his arrest. The school spokesman says a school resource officer was nearby to help take little down.Little is charged with battery resulting in bodily injury and battery against a public safety official. 1317
IONIA, Mich. (WXMI) — An 11-year-old girl in Ionia is spreading Christmas cheer and collecting gifts to give to children with long-term hospital stays.Over the past week, hundreds of boxes have been stacking up in 11 year-old Mchalie Walter’s garage.“The first time we got a ton of packages it made me really happy,” Mchalie said.Mchalie is overjoyed and she won’t even be the one opening the presents.RELATED: East County family's Santa treehouse helps families in needMchalie is collecting them for kids at Mott Children’s Hospital in Ann Arbor. She came up with the idea and had her mom reach out for donations on Facebook.“I was really surprised because she said this had been on her mind for some time but she doesn’t talk a lot about her time in the hospital, I was really proud of her,” Mchalie’s Mother Royale Walter said.The gifts are going to kids in the same hospital where Mchalie got treatment for cancer.RELATED: El Cajon students go bald in support of classmate teased after chemo“I remember being in the hospital on holidays and it was hard being away from my family so I just thought give a little joy to the kids that are in the hospital while they are there,” Mchalie explained.She’s planning on handing them out at her next appointment later this month.“I just really hope they are happy and I really hope they remember this because when we were in the hotels and hospitals, I remember getting a gift and having fun playing with it and that’s what I want the kids to remember,” Mchalie added.The family has collected more than 220 toys and presents as of Friday.They will keep collecting until Dec. 15, if you’d like to help, click here for the Amazon Wish List where you can purchase an item and it will ship to the family for delivery. 1765
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