Good Day, Bad Day
Eating the cost, fueling inflation
GOOD DAY FOR: Eating the cost, after San Francisco restaurants, facing a new employee health care requirement, have started adding on a surcharge to customers’ bills. The city restaurant trade group is suing San Francisco to overturn the city law, which requires all employers with more than 20 workers to help defray health insurance costs. (Los Angeles Times, free registration)
BAD DAY FOR: Fueling inflation, as investors are betting that oil prices will stay high for years to come, pushing every futures contract through 2016 above $100 a barrel for the first time. The high long-dated oil prices are making it difficult for industries like airlines and utilities to hedge against rising energy costs. (Financial Times, free registration)
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