Wednesday, March 30, 2016

Court Overturns MetLife Designation As 'Too Big To Fail'

From Bloomberg, "MetLife Wins Court Ruling Removing FSOC's ‘Too Big to Fail’ Tag" by Andrew M Harris and Katherine Chiglinsky:
MetLife Inc. beat back a U.S. attempt to label it too big to fail, which would’ve put America’s biggest life insurer under tougher government scrutiny and forced it to put more money in reserves.

A federal judge [District Judge Rosemary M. Collyer] in Washington struck down the designation on Wednesday, rejecting the Financial Stability Oversight Council’s rationale for classifying the company as a systemically important financial institution. The reasons for the ruling were sealed by the judge.
The case is MetLife Inc. v. Financial Stability Oversight Council, 15-cv-00045, U.S. District Court, District of Columbia.
A copy of the MetLife civil action complaint is available here,

Monday, March 28, 2016

State Minimum Wage Chart: Wall St Journal

From The Wall Street Journal, Real Time Economics, "Analysts React to California’s Proposed $15 Minimum Wage: ‘A Blunt Approach’ " by Eric Morath, sorted by 2022 wage, highest to lowest:

Minimum Wage by State 

Source: The Wall Street Journal