Other Fast Food Restaurants Paying Beyond the Minimum Wage

The Times has a story up about other fast food restaurant chains that pay above the minimum wage including:

Closeted in The Corner Office

For the Times, Claire Cain Miller writes about the depressing fact that there is not a single openly gay CEO at any of the nation’s 1,000 biggest companies.

The Suburbs Want More Young People

In the Times, Joseph Berger writes about how more young people are steering clear from the suburbs after they graduate from college and deciding to move and stay in urban cities instead. Suburban towns are trying to figure out how to get young people to come back to them:

Thomas R. Suozzi, in his unsuccessful campaign to reclaim his former position as Nassau County executive last year, held up Long Beach, Westbury and Rockville Centre as examples of municipalities that had succeeded in drawing young people with apartments, job-rich office buildings, restaurants and attractions, like Long Beach’s refurbished boardwalk. Unless downtowns become livelier, he said, the island’s “long-term sustainability” will be hurt because new businesses will not locate in places where they cannot attract young professionals.

The suburban towns face increasingly tough competition from the city. Jennifer Levi Ross grew up in Jericho on Long Island and moved into the Murray Hill neighborhood of Manhattan a few years after graduating from college. She liked living in the city so much — the easy commuting to work, the night life, the cornucopia of things to do — that when she married another Long Islander, Michael Ross, a Syosset boy, in 2012, they decided to stay put. They say they may eventually end up in the suburbs, but they are not in a hurry.

“It’s something in the distant future,” said Ms. Ross, a 32-year-old advertising copywriter. “We want to hold out as long as possible.”

There’s another theory for why young people are not moving to the suburbs: They’re not just ready yet. Previous generations married, had children and settled down earlier in their lives (my mother had me in her early twenties), and twenty-somethings today are still navigating relationships and their careers and are not ready yet (especially in financial terms) for a house in the suburbs.

Photo: Daniel Ramirez

The Rarity of the Alpha Investor

According to the Time, an Alpha investor is someone with "the ability to beat an index fund without adding risk to a portfolio." If you have a retirement account or an investment account, the standard advice has been to invest in low-cost index funds and not touch your money for many many years (which is what I practice).

College Is Expensive and the NY Times is ON IT

Yes, even the Gray Lady has seen fit to write about how soaring student loan debt makes it hard to get housing in New York City.

It would be easy to dismiss the whole exercise, especially because it refers to “real estate maturity” as a state of existence to which human beings should aspire, and because it reports both the breed and name of a frustrated apartment-seeker’s dog. However, for a piece of non-news reported by the New York Times, the article paints a refreshingly varied portrait of post-collegiate financial distress. After first introducing us to Tierney Cooke, the dog owner who finds living with roommates intolerable (“I couldn’t take it. They were all in college.”), the Times also presents the tales of a mother of a two-year-old and a marvelously disillusioned chemist.

There is truly nothing surprising in the fact that housing in one of the most expensive cities in the country is hard to get in the midst of long-term economic trends that send personal debt up and wages down. But the chemist, Joseph Trout, a former foster kid from Philly who made good, is a font of excellent financial advice for an era of scarcity.

When Roommates Figure Out How to Split the Rent

Three bedrooms, three different sizes.

The Tax Preparation Industry Is Like the Wild West

NYU law student Alex Levy writes about shady, unregulated tax preparers in an editorial today explaining that in most states, anyone can set up a business to prepare your taxes if they wanted to.

The Bait-and-switch Apartment Listing

It goes like this: You see a listing for an apartment on Craigslist (or a realty site) that sounds like it might be a great fit for you, but after contacting the broker you learn that it's already been rented. The broker convinces you to look at similar apartments, but none of them have the same qualities of the apartment you were initially interested in.

What Would Make You Like Your Workplace More?

In the Times, an editorial by The Energy Project, which teamed up with the Harvard Business Review last fall to conduct a survey of more than 12,000 white-collar employees across a variety of different industries to understand people's engagement and productivity at work.

Alert: Terrible And Somehow Legal Private Student Loan Provision

Well this is very uncool, via the NYT: "Student Loans Can Suddenly Come Due When Co-Signers Die, a Report Finds."

Writing Obituaries For a Living

Margalit Fox has written more than 1,000 obituaries for the Times, where she's worked for the past decade. Today she writes about the job itself, and the challenges of choosing whose life is newsworthy enough to write about.

Young People Terrible Though Great For Exploiting

via Malcolm Harris, the award for best final paragraph in an article about how millennials are immature, entitled, and bad at their jobs goes to Mitchell Hartman at the New York Times