'Quinn keeps pushing to raise Illinois minimum wage'
Illinois' Governor Pat Quinn is trying to "revive a push to raise Illinois' minimum wage" as he "has been highlighting workers' issues as he ramps up his re-election bid". Currently the hourly minimum wage in Illinois is $8.25 and Governor Quinn would like to raise it to $10. "It's a principle as old as the Bible to help those who work hard to not live in poverty, " he said. While working people would love to see this happen, this bill is being fought against hard by Republicans, business groups and the Retail Merchants Chamber of Commerce, citing "raising the minimum wage kills jobs" and that it will lead to "high taxes that make it an unfriendly climate for businesses". Quinn's re-election bid is being portrayed as for the people; against poverty; wanting to help the working class; and says raising minimum wage will improve the quality of life and economy for many Illinoisans. The Governor has support from labor unions and also of White House chief of staff Bill Daley. Mr. Daley "supports raising the minimum wage to $10", as he states that "Families are getting squeezed...they need help making ends meet".
Tareen, S. (9.1.2013). Quinn keeps pushing to raise Illinois minimum wage. The Herald-News. Retrieved from http://heraldnews.suntimes.com/photos/galleries/22302220-417/quinn-keeps-pushing-to-raise-illinois-minimum-wage.html
'Predatory Payday Lending: Its Effects and How to Stop It.'
The Problem: Predatory lending has masked itself to look like a positive lifeline for consumers who are need of quick remedy. "Predatory lending takes many forms, including payday loans and deposit advances." Although it does offer a quick way to receive cash for emergency situations, it is targeting a certain "type" of consumer, and is settling in comfortably next to businesses that are atypical in certain "type" of neighborhoods like liquor stores, churches and corner stores. The problem with payday loan stores, is that users of this service, are entangled in their web of indebtedness, because they use these funds for everyday purchases, making them dependent upon the temporary loans. "In 2012, payday lending made up approximately $29.8 billion of storefront paydays." In order to curb the problem of these loans, 15 states have outright banned payday loan stores and 9 states allow them in limited forms with restrictions. Some of these restrictions include "limits on loan amounts, interest rates, loan terms, and the number of loans" clients are able to receive.
Peterson, A. (8.20.2013). Predatory Payday Lending: Its effects and How to Stop It. The Center for American Progress. Retrieved from http://www.americanprogress.org/issues/economy/report/2013/08/20/72591/predatory-payday-lending/
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