published Aug 22, 2017, 6:00:13 AM, by Noah Smith (Bloomberg View) —David Neumark, an economist at the University of California-Irvine, could safely be called a minimum-wage skeptic. Neumark has written a number of papers on the topic, all of which have found that minimum wages reduce employment by substantial amounts.

©2015 Bloomberg News NRT6ID6K50XZ (For Bloomberg fair value curves, see CFVL ) (Bloomberg) — Oil held losses after dropping below $50 a barrel for the first time since April on signs a global glut that drove prices lower will persist and amid a broader rout in commodities. Futures were little