One of over 45% or so of average wages appears to have large bad effects and no really noticeable good ones.

FORBES: Greg Mankiw's Excellent Question: Why a $9 Minimum Wage? Why Not $90? Or 90 cents?

Too bad Lefty will no longer help educate the lefties on the incentive effects of marginal tax rates.

WSJ: Review & Outlook: The Mickelson Vote

It also creates opportunities for interesting and talented costume designers and physical effects people like Holly Conrad from the games industry, which is no bad thing.

FORBES: Metro: Last Light Teaser Promises Misery, Fear and Scenic Subway Stations

Translation: The ill effects of bad debt are still working their way through the country's economic veins, and no easy remedies are available.

FORBES: Outlook Hazy