Costco Raises Minimum Wage to $16, But Won’t Advocate for All Businesses to Follow

Costco will raise its company-wide minimum wage to $16 per hour, a one-dollar increase that raises its wages higher than its fellow big-box retailers, the company’s CEO said during a congressional hearing Thursday.

Costco plans to raise its minimum wage from $15 to $16 because it is committed to paying workers “very competitive retail wages,” CEO Craig Jelinek said during a Senate Budget Committee hearing Thursday. Jelinek stopped short of advocating in favor of a federal minimum wage overhaul, instead saying he was solely focused on Costco.

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Wells Fargo Bows Out of Small Business Bailout Program After Receiving $10 Billion of Loan Applications

One of the largest banks in the United States announced that it is no longer accepting applications for a federal program aimed at rescuing small businesses affected by the coronavirus pandemic.

Wells Fargo has stopped accepting new applications for the government’s Paycheck Protection Program, an initiative created by the government to assist U.S. businesses that employ fewer than 500 people. The bank’s decision came after it was inundated with billions of dollars in loan requests since Friday.

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Ocasio-Cortez Blames Pipeline That Hasn’t Been Built Yet for an Oil Spill

by Michael Bastasch   Democratic New York Rep. Alexandria Ocasio-Cortez blamed the Keystone XL pipeline for leaking about 5,000 barrels of oil in rural South Dakota about two years ago. There’s just one problem: The Keystone XL pipeline has not been built yet. During a House hearing Tuesday, Ocasio-Cortez claimed…

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