Court Overturns MetLife Designation As 'Too Big To Fail'

From Bloomberg, "MetLife Wins Court Ruling Removing FSOC's ‘Too Big to Fail’ Tag" by Andrew M Harris and Katherine Chiglinsky:

MetLife Inc. beat back a U.S. attempt to label it too big to fail, which would’ve put America’s biggest life insurer under tougher government scrutiny and forced it to put more money in reserves.

A federal judge [District Judge Rosemary M. Collyer] in Washington struck down the designation on Wednesday, rejecting the Financial Stability Oversight Council’s rationale for classifying the company as a systemically important financial institution. The reasons for the ruling were sealed by the judge.***The case is MetLife Inc. v. Financial Stability Oversight Council, 15-cv-00045, U.S. District Court, District of Columbia.

A copy of the MetLife civil action complaint is available here, https://www.metlife.com/assets/cao/sifiupdate/MetLife_Complaint_1-13-2015.pdf.

State Minimum Wage Chart: Wall St Journal

From The Wall Street Journal, Real Time Economics, "Analysts React to California’s Proposed $15 Minimum Wage: ‘A Blunt Approach’ " by Eric Morath, sorted by 2022 wage, highest to lowest:

Minimum Wage by State 

State	2016	2017	2018	2019	2020	2021	2022
Oregon	$9.75	$10.25	$10.75	$11.25	$12.00	$12.75	$13.50
District of Columbia	$11.50	$11.74	$12.01	$12.29	$12.58	$12.88	$13.19
Vermont	$9.60	$10.00	$10.50	$10.75	$11.01	$11.27	$11.54
Alaska	$9.75	$9.95	$10.18	$10.41	$10.66	$10.92	$11.18
Massachusetts	$10.00	$11.00	$11.00	$11.00	$11.00	$11.00	$11.00
Washington	$9.47	$9.67	$9.89	$10.12	$10.36	$10.61	$10.86
Minnesota	$9.00	$9.50	$9.72	$9.94	$10.18	$10.42	$10.67
Michigan	$8.50	$8.90	$9.25	$9.46	$9.69	$9.92	$10.16
Connecticut	$9.60	$10.10	$10.10	$10.10	$10.10	$10.10	$10.10
Maryland	$8.75	$9.25	$10.10	$10.10	$10.10	$10.10	$10.10
Hawaii	$8.50	$9.25	$10.10	$10.10	$10.10	$10.10	$10.10
California	$10.00	$10.00	$10.00	$10.00	$10.00	$10.00	$10.00
South Dakota	$8.55	$8.75	$8.95	$9.15	$9.35	$9.55	$9.80
New Jersey	$8.38	$8.56	$8.76	$8.96	$9.18	$9.40	$9.63
Rhode Island	$9.60	$9.60	$9.60	$9.60	$9.60	$9.60	$9.60
Colorado	$8.31	$8.48	$8.68	$8.88	$9.09	$9.31	$9.53
Ohio	$8.10	$8.25	$8.45	$8.65	$8.85	$9.05	$9.25
Florida	$8.05	$8.22	$8.41	$8.60	$8.81	$9.02	$9.24
Montana	$8.05	$8.20	$8.40	$8.60	$8.80	$9.00	$9.20
Arizona	$8.05	$8.20	$8.40	$8.60	$8.80	$9.00	$9.20
New York	$9.00	$9.00	$9.00	$9.00	$9.00	$9.00	$9.00
Nebraska	$9.00	$9.00	$9.00	$9.00	$9.00	$9.00	$9.00
Missouri	$7.65	$7.80	$8.00	$8.20	$8.40	$8.60	$8.80
West Virginia	$8.75	$8.75	$8.75	$8.75	$8.75	$8.75	$8.75
Arkansas	$8.00	$8.50	$8.50	$8.50	$8.50	$8.50	$8.50
Illinois	$8.25	$8.25	$8.25	$8.25	$8.25	$8.25	$8.25
Delaware	$8.25	$8.25	$8.25	$8.25	$8.25	$8.25	$8.25
Nevada	$8.25	$8.25	$8.25	$8.25	$8.25	$8.25	$8.25
Maine	$7.50	$7.50	$7.50	$7.50	$7.50	$7.50	$7.50
New Mexico	$7.50	$7.50	$7.50	$7.50	$7.50	$7.50	$7.50
Federal Minimum	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25
New Hampshire	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25
Pennsylvania	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25
Indiana	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25
Wisconsin	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25
Iowa	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25
North Dakota	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25
Kansas	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25
Virginia	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25
North Carolina	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25
South Carolina	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25
Georgia	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25
Kentucky	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25
Tennessee	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25
Alabama	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25
Mississippi	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25
Louisiana	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25
Oklahoma	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25
Texas	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25
Idaho	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25
Wyoming	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25
Utah	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25	$7.25

Oregon rate reflects state's base wage. Portland metro area will be higher, rural areas lower. Future rates in 15 states and the District of Columbia are tied to cost-of-living changes and based on inflation estimates. 
Economic Policy Institute

Source: The Wall Street Journal