Spend Matters Friday Latte

Courtesy of Data Trans Solutions' Rob Guerriere.

The "lost decade."
A Lost Decade for Young Workers -- Whether they were college grads or just out of high school, wages for entry-level American workers fell between 2000 and 2011, according to a new study from the Economic Policy Institute. The left-leaning think tank has dubbed the aughts a "lost decade" for young workers, and it's a fairly apt description. College-educated men and women entering the workforce saw their inflation-adjusted earnings fall 5.2 percent and 4.4 percent, respectively. Wages slumped 8 percent for high school-educated men, and 3.1 percent for women.

American Meat Institute: "Pink Slime" Is "Safe, Wholesome And Nutritious" -- This stuff isn't just in school lunches: the pink slime/BLBT/whatever you want to call it) is part of about 70 percent of the ground beef sold in American supermarkets. This led that same former USDA scientist to claim that he only eats hamburger he grinds himself. There have also been some questions about the rigor of the USDA evaluation of the treatment process. When the product went through the approval process at USDA, an undersecretary of agriculture said "it's pink, therefore it's meat." The product's swift approval made hundreds of millions of dollars for the companies that produced it.

Just stop drinking soda. Problem solved.
Coke and Pepsi alter recipe to avoid cancer warning -- Coca-Cola and Pepsi are changing the recipes for their drinks to avoid being legally obliged to put a cancer warning label on the bottle. The new recipe for caramel colouring in the drinks has less 4-methylimidazole (4-MEI) - a chemical which California has added to its list of carcinogens. The change to the recipe has already been introduced in California but will be rolled out across the US.

- Sheena Moore

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