In recent years, the progressive left has pursued a systematic effort to apply the traditional minimum wage to restaurant workers. The latest battleground for this fight has become Chicago, where the progressive city council recently bowed to economic reality and voted to freeze another pending minimum wage hike for restaurant employees in the city. Chicago Mayor Brandon Johnson, however, has responded by vetoing the measure and is instead doubling down on the Windy City’s pro–minimum wage and anti-tipping regime. At the center of the Chicago fireworks is an ongoing progressive effort to eliminate what’s known as the tipped-wage credit for restaurant and hospitality…

Investment bank Morgan Stanley is seeking to launch its spot Bitcoin exchange-traded fund at a 0.14% fee, which would make it the cheapest in the US market and potentially force rivals to cut fees to stay competitive.The 0.14% fee, proposed in Morgan Stanley’s latest S-1 registration statement on Friday, would be one basis point below the Grayscale Bitcoin Mini Trust ETF (BTC), currently the cheapest in the US market, and 11 basis points below the BlackRock-issued iShares Bitcoin Trust ETF (IBIT).“Big move here. They are not messing around,” Bloomberg ETF analyst James Seyffart said, predicting that the Morgan Stanley Bitcoin…

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