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A move by President Obama to raise the minimum wage for federal contract workers to $10.10 an hour is partly an act of symbolism and political tactics, but it promises to have a practical impact on the lives of as many as half a million US workers. [...]

When it comes to boosting economic opportunity, President Obama isn’t going to wait for Congress anymore.  

In his State of the Union Address last night, the President made a powerful statement about employers’ obligation to reward work -- starting with his own obligation as the executive in charge of millions of federal contracts. 

Democratic lawmakers on Wednesday applauded low-wage federal contract workers, saying their months of protest had paved the way for President Barack Obama’s upcoming executive order to raise the minimum wage for new contractors.

As long as there have been markets, people have been driven by greed to make irrational investment decisions. When enough people get in on the action, valuations -- the prices of securities -- go haywire, soaring to obscene heights and then crashing in a shower of crushed dreams.

Chasing performance, taking on excessive risk and selling at inopportune times are all as old as capital markets themselves. What is new is the modern regulatory environment and financial innovations such as high-frequency trading. Is today's stock market the same beast it was 20 or 30 years ago? [...]

The “Procurement Act" allows President Obama to pass an executive order to raise the pay for federal contract workers.

Details are sketchy about the new retirement plan that President Obama proposed in the State of the Union Address last night, so it's too early to offer any verdict. What causes concern, though, is that the Obama administration has previously floated retirement schemes that would double down on America's failed experiment with individual private accounts that are the cornerstone of the 401(k).

(NEW YORK, NY) – This morning, the White House announced that President Obama will sign a “Good Jobs” Executive Order requiring government contractors to raise the minimum wage for their lowest-paid workers to $10.10 for all new and renegotiated contracts. The president will include this announcement in his State of the Union Address tonight.

President Barack Obama will announce during Tuesday night’s State of the Union address that he's raising the minimum wage for workers under federal contracts to $10.10 per hour, an administration official told The Huffington Post.

If Congress won’t act on jobs and the economy, President Obama promises that he will—a message he’s expected to push in Tuesday’s State of the Union. The problem is, there’s not much the president can do his own.