Not to have to file, or pay federal income tax. But one of the things ive not really heard anybody address, we talked about in here the need for the minimum wage to be raised. And when there was an article written recently that indicated for an individual who just accepts the available federal welfare payments, they may be looking at 1,700 a month take home whereas under the current minimum wage its about 1,200 takehome. Well, the incentive there is obviously not to work. But i know my friends at heritage have encouraged as a solution lowering the minimum wage. Obviously, that would even increase the disparity between what you take home if you dont work and what you take home if you do work. If you lowered the minimum wage. So thats obviously not going to fix the problem there. But if the minimum wage is raised in puerto rico, since as my friend from californias indicated they have a higher minimum wage, then people would be tempted to go from puerto rico to california to get those hig
Oneday decline in almost a month. Joe definitely not too dramatic to getting to be a bit more of a selloff. Won a look at the inversion stocks we were looking at today on the new doj. Allergan was off by 15 . The worst performer in the s p. You also have Progressive Waste Solutions and apple. All of these guys are looking for some kind of mergers or inversions that could be stymied by the treasury rolls. Mike mckee has the best that of the day when it comes to allergen, erasing almost 20 billion of market cap in one day , and the treasury trying to save 20 billion over 10 years. They erased it from allegan and are trying to help the Treasury Department get it over 10 years. I love the juxtaposition between those stats. Joe i want to talk about interesting stuff in fixed income, interestrate world. Bund 10 year yields falling to the lowest level in about a year. You expect to see the riskon scenario, Interest Rates rising. Not happening here. This is the ultimate safe haven. People are
The researchers even accidentally caught nine fish on the bay every one of them plastic microbeads in their system. That could have implications for animals higher up the food chain including people. I never heard of that before. Reporter this fisherman says now he has one more thing to worry about. Complaining about mercury here in the bay, you know, so reporter now you have microbeads. Microbeads, i guess. [ laughter ] reporter and its not just a problem here in the bay. Its affecting waterways everywhere and thats why state lawmakers recently passed a bill that would ban the sale of personal products that contain microbeads. The passed the assembly and the senate. Its awaiting the signature of the governor. In San Francisco, im joe vazquez, kpix 5. So are the Oakland Raiders taking a jab at their cross bay rivals and the host of super bowl 50 . It appears the team is not on the same page as the rest of the league when it comes to celebrating the nfls golden season. Dennis odonnell h
Clearing stages on 205. This will affect your approach to the Altamont Pass. Well have details on this with kcbs traffic still ahead, guys. Thank you. And a live look out at washington, dc where pope francis and president obama will get together again a short time from now. And for more on the popes activities today, heres cbs news weijia jang. Reporter francis will begin his first full day on u. S. Soil with a grand arrival ceremony on the white house lawn followed by a private meeting with president obama. This is not a meeting between politicians but rather it is an opportunity for two respected World Leaders with significant influence around the globe to spend some time talking about the values that they hold in common. Reporter thousands will line the streets from the ellipse to the National Mall just to catch a glimpse of the pope. Emily is one of 90 choir members tapped to sing for pope francis when he says mass at the basilica of the National Shrine of the Immaculate Conception
Away after plowing into a livermore gym. Killing an east bay woman. The horrific crash happened when an elderly driver mistook the gas pedal for the brake. And drove nearly 70feet into the building. Killing 49 year old katheryn baker. An executive who worked at Lawrence Livermore national laboratory. Grant pam the horrific crash happened at lifestyles rx gym this morning. Thats where we find kron 4s jr stone. He joins us live. Pam jr reporter pam it has been a very difficult day for many out community. This evening you can see the front of this gym and the plywood that has been put up. The woman who died was just 49 years old. Reporter kron 4s haaziqu madyun talked with her husband first earlier today. Reporter she was loved by not only the people that she worked for but the people that was loved and appreciated by everyone at work for her career she was a really Good Community leader and a good person. The last thing the remembered is hearing the door locked. And there she goes again,