Sean Green, seated right, is congratulated by Sean Fitzgerald, left, as Scott O'Neil looks on before Green is issued his new Washington state legal marijuana license Wednesday, March 5, 2014, in Olympia, Wash.
Ross Reynolds talks with Tim Harford, Financial Times columnist and author, about his new book "The Undercover Economist Strikes Back: How to Run – or Ruin – an Economy."
The book focuses on the work of macroeconomists and how they believe that tweaking the right dials can steer our economy away from danger. Harford also offers a macroeconomic perspective for Seattle's on-going minimum wage debate.
Residents of Seattle should know in the next few months whether low-wage workers in the city will get a raise. Mayor Ed Murray is hoping to unveil a proposal by late spring that would increase the minimum wage in the city to as much as $15 an hour.
Some of the nation's largest pharmaceutical companies have dramatically reduced payments to health professionals for promotional speeches amid heightened public scrutiny of such spending, a ProPublica analysis shows.
Eli Lilly & Co.'s payments to speakers dropped by 55 percent, from $47.9 million in 2011 to $21.6 million in 2012.
Pfizer's speaking payments fell 62 percent over the same period, from nearly $22 million to $8.3 million.
A Seattle Human Services Coalition survey says increasing the minimum wage to $15 would hurt critical services for low-income families. Out of the 29 nonprofits surveyed, 21 said they would have to cut services if forced to raise wages to that level.
Originally published on Mon February 24, 2014 3:25 pm
West Coast log and lumber exports rose sharply in 2013 as Asian demand for American logs increased, according to new research from the U.S. Forest Service.
The region's lumber and log exports rose about 20 percent last year, with demand peaking in the fourth quarter.
Most of the West Coast logs shipped overseas are going to China -- although Japan has upped its demand, as well. With limited forestlands of their own, these countries rely on the United States’ timber supply.