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07.27.2009 9:01 pm

Maximum — not minimum — wage is the problem.

* If there's anything left.

* If there's anything left.

The federal minimum wage went up 70 cents an hour on Friday, to $7.25 an hour, the third and last of the scheduled increases enacted by Congress in 2007. Let the standard arguments begin:

Con: It sets…

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07.22.2009 9:00 pm

The retirement crisis: Illinois points the way.

Kurt Granberg, poster boy for retirement planning. (Post-Dispatch file photo)

Kurt Granberg, poster boy for retirement planning. (Post-Dispatch file photo)

During his 22 years in the Illinois legislature, Kurt Granberg became something of an expert on the state’s severe underfunding of its five public pension funds. “People didn’t pay attention,” he told…

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05.13.2009 9:00 pm

Social Security, Medicare and reform

Copies of the trustees's report are piled on a table at a press conference Tuesday.

Copies of the trustees

This week, Social Security and Medicare trustees reported on financial problems facing their programs (as they do every year).
There are no similar summaries for the nation’s private health and retirement plans. What would it look like if there…

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08.03.2008 9:00 pm

The half-trillion-dollar hole

ask_ap_opt.jpgAmid the hoopla of the presidential campaign last week, as candidates were delivering their hopeful economic messages, a dull missive from the government’s bean counters landed with a thud:
The White House Budget Office said it expects next year’s federal deficit to…

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