American Samoa Exempt from Minimum Wage Hike?

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Meet the new boss, same as the old boss.

Charles Hurt:

House Republicans yesterday declared “something fishy” about the major tuna company in House Speaker Nancy Pelosi’s San Francisco district being exempted from the minimum-wage increase that Democrats approved this week.

“I am shocked,” said Rep. Eric Cantor, Virginia Republican and his party’s chief deputy whip, noting that Mrs. Pelosi campaigned heavily on promises of honest government. “Now we find out that she is exempting hometown companies from minimum wage. This is exactly the hypocrisy and double talk that we have come to expect from the Democrats.”

On Wednesday, the House voted to raise the minimum wage from $5.15 to $7.25 per hour.

The bill also extends for the first time the federal minimum wage to the U.S. territory of the Northern Mariana Islands. However, it exempts American Samoa, another Pacific island territory that would become the only U.S. territory not subject to federal minimum-wage laws.

Meanwhile, some Senators are attempting to water down any sort of earmark reform. A cynical observer might wonder if those in the House knew this would happen in the Senate…

iPhone / Apple Phone Tea Leaves

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Cringely parses Apple and Cingular as they introduce an interesting new phone:

This leaves us with the mystery of why Apple deliberately hobbled the cellular Internet capability of its iPhone, Apple Phone, whatever. As described this week, when the iPhone ships it will only work with Cingular’s EDGE network, which is its 2G Internet service that maxes out at 170 kilobits per second on not just a good day but on a day that is so good it never happens. I’ve used the EDGE network and it feels like dial-up to me.


The iPhone is this amazing connectivity quad-mode device that can probably make use of as much bandwidth as it can get, so making it suck through the little straw that is EDGE makes no sense from a user perspective. But remember that the parties involved here are Apple and Cingular, neither of which is 100 percent allied with user interests. Cingular has a 3G network called BroadbandConnect or “MediaNet” if you buy Cingular’s associated Cingular Video service.

Energy Market Tea Leaves

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Barry Ritholtz:

BP readers correctly pointed out to the change in the Goldman Sachs Commodity Index (GSCI) (Here, here and of course, here). Tim Iacono did a nice job on the details the following month.


That mid-year halving of the gasoline weighting caught quite a few people by surprise. The timing — slashing energy futures weightings 2 months before the mid-term elections — was stunning to say the least. The GSCI changes had wide ranging impacts, leading (indirectly at the very least) to: Amaranth’s implosion, a drop in CPI / inflation rates, the market rally since the July lows, and of course, GS’s record setting Q3/Q4 profits (Hey, its nice to be the House).

The Death of General Interest Magazines?

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David Carr:

Of course, there are those who would argue that in a society that seems to have no general interest (other than, say, Paris Hilton and the Super Bowl) there is no room or need for a general interest magazine. But Mr. Stengel said he will not be imprisoned by the tyranny of big numbers in making changes at Time.


“I think it is a false choice to say that something that is mass has to be dumbed-down.” he said. “We want to be accessible, but we want our readers to know that we understand they are smart.”

Hype & the Denver International Airport

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I heard the hype while living in Denver nearly 20 years ago. $2.5 billion (turned into $5 billion) was necessary to avoid all of the current airport’s problems during snowstorms. Mayer Federico Pena lead the charge with his reward coming later – the highway to the new airport (DIA) is named “Pena Boulevard”.

Mike Boyd tells the “rest of the story” in the Grinch Comes Clean:

“All Weather Airport? Oh, That Was Just ‘Hype’…” …Along With Most Of The Other Stuff DIA PromisThis Christmas, it wasn’t just chestnuts that got roasted on an open fire.
Denver’s “all-weather” airport, the one that was built to unclog the Western skies, the one that was going to be the glorious technological beacon for all future airports, got roasted big-time in the national media. Justifiably.

Denver International got cooked on something called “the truth.”

For almost two days before Christmas, the airport was shut down due to snow. At most times of the year, and at most other airports, this would have been not much more than a page three human interest story, with interviews of passengers stranded like refugees in a big terminal, being asked really deep questions, like, “How long have you been standing in line?” or “When do you think you’ll get home?” Or, “Gee, you gotta lot of luggage there.” Anything to fill a 90-second piece that’s been done dozens of times before.

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