WZTV FOX 17 - Top Stories
NEW YORK, New York - If President Obama gets his way, America's minimum wage will take a big jump. It was a surprising addition to the State of the Union Address. President Obama revealing he wants to raise the federal minimum wage to $9/hour, affecting 15 million Americans in the process. The current minimum wage sits at $7.25/hour. An increase to $9 means workers would earn around $18,000/year, but that would still be below the poverty level for a family of 4. Currently, only 19 states pay above the federal level. That means almost 4 million workers earn at or below the rate, and that figure doesn't include employees paid on a weekly basis, like maids and landscapers. They would also benefit from an increase. Advocates for a wage hike say it would mean more money in the bank for lower income workers and would also boost consumer demand. The Federal Reserve of Chicago says a $1 jump in the rate would increase minimum wage workers' household spending by almost $3000/year. Critics say raising the minimum wage would actually cost jobs and wouldn't help reduce poverty. Small businesses, which are already set to be hit with new regulations and healthcare requirements, would be the hardest hit. Regardless, the President will have a hard time getting this proposal past Congress. 2007 was the last time a bill of this nature was passed, and all attempts since have failed.
Wednesday, February 13 2013, 11:05 PM CST
Man pleads guilty to Memphis officer's murder
May 21, 2013 22:22 GMT
MEMPHIS, Tenn. (AP) -- A former death row inmate is set to be released from prison after he pleaded guilty to second-degree murder of a Memphis police officer.
Shelby County District Attorney Amy Weirich said Tuesday that she has accepted Timothy McKinney's guilty plea.
McKinney was convicted of first-degree murder for the fatal shooting of Officer Don Williams. The officer was killed outside a comedy club in December 1997.
McKinney appealed and won a new trial, which ended with a deadlocked jury. A third trial earlier this year also ended in a hung jury.
The Commercial Appeal reports that McKinney was sentenced to 15 years in prison. Since he's already served more than 15 years -- including 11 on death row -- McKinney will be released this week.
Williams' family opposed the settlement.
BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173
Dow Record: Three tales of ups, downs and changes
AP Photo FX102, FX103
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By SCOTT MAYEROWITZ
AP Business Writer
NEW YORK (AP) -- When the Dow first crossed 14,000, investors were overjoyed. ...
IN THE NEWS: iPHONE RECOVERED AFTER THEFT IN OREGON
MEDFORD, Ore. (AP) -- A smartphone, plus a not-so-smart criminal -- equals an arrest in Oregon.
WASHINGTON (AP) -- George Washington University students will soon be walking all over the White House and the Capitol, too.