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February 1, 2014

A Fry Cook Asked Obama About Low Wages—And His Hours Being Cut Due To Obamacare

Darnell Summers, a fast food fry cook, joined President Obama on Friday for his first ever live Google Hangout. Summers told the president about his troubles making ends meet earning $7.25 an hour and how he has been on strike four times to increase his wages. Summers also told Obama how his work hours have been "broken down to part-time to avoid paying health insurance." He asked how Congress and the president could help him and people like him "survive." In his response, Obama urged Congress to pass a minimum wage increase, but did not address the health care part of the question.

Ackman Pours Out Some Whiskey Profits

Bill Ackman's hedge fund Pershing Square sold 7.3 million shares of Beam this week for $608 million. A Japanese beverage conglomerate announced it was buying Beam on January 13.

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