June 26, 2017
Seattle Mayor Ed Murray signs a 2014 bill increasing the city's minimum wage to $15 an hour.

A 2014 law designed to incrementally raise the minimum wage of Seattle's low-income workers up to $15 an hour has apparently backfired, a study conducted by University of Washington economists concluded. The findings show that low-wage employees actually lost an average of $125 a month under the new model, or about $1,500 a year, due to employers' reduced payrolls and hours.

Most alarmingly, "the paper's conclusions contradict years of research on the minimum wage," The Washington Post reports. "Many past studies, by contrast, have found that the benefits of increases for low-wage workers exceed the costs in terms of reduced employment — often by a factor of four or five to one."

Massachusetts Institute of Technology economist David Autor, who reviewed the paper, said the study strikes him as "likely to influence people" and called the work "very credible." "If I were a Seattle lawmaker, I would be thinking hard about the $15 an hour phase-in," said Autor.

Still, the research is in its early stages and has not yet been tested by peer review. But based on the preliminary findings, FiveThirtyEight suggests the Seattle experiment — with the highest minimum wage in the nation, at $13 an hour in 2016 — was possibly a case of being too extreme too quickly.

"The literature shows that moderate minimum wage increases seem to consistently have their intended effects, [but] you have to admit that the increases that we're now contemplating go beyond moderate," said economist Jared Bernstein, of the left-leaning Center on Budget and Policy Priorities. "That doesn't mean, however, that you know what the outcome is going to be. You have to test it, you have to scrutinize it, which is why Seattle is a great test case." Jeva Lange

8:17 p.m. ET
Drew Angerer/Getty Images

President Trump and John Bolton, the incoming national security adviser, have spent the last several weeks trying to figure out how Bolton could replace H.R. McMaster, CNN reports, and during negotiations, the hawkish Fox News analyst made a bold statement.

A person familiar with their talks told CNN's Kaitlan Collins that Bolton, who while part of the George W. Bush administration pushed for the Iraq War and has called for strikes against North Korea and Iran, promised Trump that if he gave him the position, "he wouldn't start any wars." Fingers crossed he keeps his word. Catherine Garcia

7:53 p.m. ET
Tasos Katopodis/Getty Images

President Trump's next national security adviser, John Bolton, is best remembered for his role in former President George W. Bush's administration, where he advocated for the Iraq War and became U.S. ambassador to the United Nations as a recess appointment, after the Republican-controlled Senate was unable to confirm him.

Trump announced Thursday on Twitter that Bolton is replacing H.R. McMaster, effective April 9. A hawk on North Korea and Iran, Bolton wrote a piece for The Wall Street Journal in late February titled, "The Legal Case for Striking North Korea First," and in January told Fox Business host Maria Bartiromo that "talking to North Koreans is a waste of time." Bolton has been highly critical of former President Barack Obama's nuclear deal with Iran, and in 2015 wrote for The New York Times an op-ed that stated a United States or Israeli airstrike on Iranian nuclear facilities would be a good thing. "Time is terribly short, but a strike can still succeed," he wrote. "Such action should be combined with vigorous American support for Iran's opposition, aimed at regime change in Tehran."

Throughout his presidential campaign, Trump said he was against the Iraq War, which Bolton pushed. Under Bush, Bolton was undersecretary of state for arms control, and argued that Iraq had weapons of mass destruction. His staff also wrote a speech that Cuba had an active biological weapons program, and when the State Department's lead bioweapons analyst refused to sign off on this false claim, Bolton screamed at him, Vox reports. That wasn't an isolated incident — several people who worked with Bolton have accused him of yelling at and threatening those who disagreed with him. Catherine Garcia

6:50 p.m. ET
Darren McCollester/Getty Images

President Trump tweeted on Thursday evening that National Security Adviser H.R. McMaster is being replaced by John Bolton, a former United States ambassador to the United Nations and a Fox News analyst.

"I am very thankful for the service of General H.R. McMaster who has done an outstanding job and will always remain my friend," Trump said. "There will be an official contact handover on 4/9." Bolton is known for being a hard-line conservative, and has had regular contact with Trump throughout his presidency, discussing foreign policy.

McMaster is an Army lieutenant general, and will retire from the military, several officials told The New York Times. He's been planning his departure for weeks now, they said, and Trump made it clear he wanted his national security team in place ahead of his eventual meeting with North Korean leader Kim Jong Un. There has always been some amount of tension between Trump and McMaster, White House officials told the Times, especially when McMaster publicly commented on Russia meddling in the 2016 presidential election. McMaster was Trump's second national security adviser, following the ouster of Michael Flynn, who has since pleaded guilty of making a false statement to the FBI and is cooperating with Special Counsel Robert Mueller. Catherine Garcia

5:41 p.m. ET

A mummified skeleton found in Chile nearly two decades ago inspired many a conspiracy theorist to declare that alien life had made its way to Earth. But a buzzkilling new study published Thursday found that the bones simply belonged to a human with a series of bone mutations.

The 6-inch skeleton — dubbed Ata by researchers and alien aficionados — displays an unusual series of DNA mutations, reports The New York Times. The combination of mutations may have caused a hereditary disorder that has never been seen before in humans, the Times explains.

That explains the utterly bizarre appearance of Ata, whose tiny frame has just ten ribs, rather than 12; a pointy, elongated skull; and large, alien-like eye sockets. Researchers don't know exactly when Ata lived, but some scientists now believe that she was a miscarried or aborted female fetus, preserved by dry conditions in the Atacama Desert of northern Chile.

Because the mutations are brand new discoveries, researchers who sequenced the skeleton's genome are hesitant to declare a definitive explanation for Ata's deformities — unlike, say, a 2013 documentary about UFOs that featured the skeleton as evidence of extraterrestrial life. At least some of the mystery of Ata remains, for now.

Read more about Ata at The New York Times. Summer Meza

4:44 p.m. ET

It's only been a week since Toys 'R' Us announced it would close all of its stores, but heartbreak has hit the shelves again. Toys 'R' Us founder Charles Lazarus died Thursday, the company confirmed. He was 94.

Former CEO Michael Goldstein took over the company from Lazarus in 1994, but told CNN Money that Lazarus' legacy as "the father of the toy business" lived on.

Lazarus got the idea for Toys 'R' Us as he returned from World War II, per USA Today. His friends were ready to start families, and he soon envisioned superstores stocked to the ceiling with toys. The company's name was a pun on Lazarus' last name, while the iconic backwards "R" mimicked a child's handwriting.

Toys 'R' Us thrived through the baby boom and hit its peak in the 1980s, per CNN Money, but the arrivals of Walmart and online behemoth Amazon eventually took their toll. Liquidation sales were scheduled to begin Thursday. Kathryn Krawczyk

3:47 p.m. ET

CNN President Jeff Zucker isn't quite sure Fox News is an accurate name for his competitor's cable channel.

"The idea that it's a news channel, I think, is really not the case at all," Zucker said at an industry conference Thursday, per The Hollywood Reporter.

Those were reportedly some of Zucker's tamer words, as he went on to label Fox News a "complete propaganda machine" that does an "incredible disservice to this country." He even drew comparisons to Russia, calling Fox News "state-run TV."

Tucker didn't limit his comments to President Trump's network of choice; he spoke on the president too. Trump, Zucker said, "doesn't even understand the danger he's causing to journalists" by sowing "anti-media sentiment" — though late last year, he credited Trump with making "journalism great again."

But that's what makes today the "heyday of cable news," Zucker said — and everyone from CNN to Fox News is benefiting from it. Kathryn Krawczyk

3:29 p.m. ET

President Trump offered his younger self some advice while speaking at a millennial-focused panel Thursday.

Asked for wisdom he'd pass on to his 25-year-old self, Trump offered a quip: "Don't run for president," he smirked.

Later in the discussion, Trump lamented how much negative press he received once he announced his bid for the White House. Prior to his involvement in politics, he "got the greatest publicity," he said. Despite all the critical coverage, Trump claimed, people "get it," because they now know about "fake news."

"There is a lot of fake news out there, and nobody had any idea," he continued. "I'm actually proud of the fact that I exposed it to a large extent. We exposed it. It's an achievement."

Trump was interviewed by the leader of Turning Point USA, a network of conservative college students. The president also discussed the opioid crisis, the need for more vocational schools, and young conservatives who are too afraid to vocally support his administration. Watch the clip below, via Bloomberg. Summer Meza

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