logo
City Council votes to cancel Feb. 18 meeting

City Council votes to cancel Feb. 18 meeting

Yahoo05-02-2025

St. Joseph city council members have approved the cancellation of their next meeting planned for mid-February.
The group voted unanimously to cancel the meeting set for Feb. 18 because multiple members and city staffers are set to attend the Missouri Municipal League Legislative Conference in Jefferson City. The meeting was initially scheduled for a Tuesday due to President's Day falling on the normal Monday meeting date.
The next city council meeting will take place at 5:30 p.m. on Monday, March 4.
Upcoming items on the March 4 agenda include:
An agreement with the St. Joseph Umpires and Scorekeepers Association to provide officiating services for all Parks, Recreation and Civic Facilities softball leagues in an amount not to exceed $32,000.
An ordinance authorizing the acceptance of a payment from J.E. Dunn and an amendment to the Planning and Community Development department budget all in the amount of $14,700 to provide funding for future professional services costs associated with the development of the new Rolling Hills Library.
An ordinance accepting a payment from Epstein and Sons International and an amendment to the general fund Planning and Community Development department budget all in the amount of $50,401 to provide funding for future professional services costs associated with the development of an expansion at Daily's Premium Meats, LLC.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Baker Hughes to acquire Continental Disc for $540m
Baker Hughes to acquire Continental Disc for $540m

Yahoo

time44 minutes ago

  • Yahoo

Baker Hughes to acquire Continental Disc for $540m

Energy technology company Baker Hughes has announced plans to acquire Continental Disc (CDC), a safety pressure management solutions company, from investment partnerships managed by Tinicum for approximately $540m. The transaction, which will be funded with cash in hand, is set to close in the fourth quarter of 2025 (Q4 2025), pending customary conditions and regulatory approvals. Headquartered in Liberty, Missouri, CDC is known for designing and manufacturing rupture discs, holders, indicators, pressure and vacuum-relief valves, flame and detonation arrestors, and related safety products. These products are highly complementary to Baker Hughes' Industrial & Energy Technology's current control valve and high-pressure relief valve products, used across a range of industries including pharmaceutical, chemical, oil and gas, and aerospace. CDC boasts a substantial global installed base, with essential products that necessitate regular replacement to ensure safety and operational reliability, enabling the company to generate recurring revenue. In 2024, CDC reported that approximately 80% of its $109m in proforma revenue was recurring. Tinicum partner Michael Donner added: 'We are confident that Baker Hughes will bring exciting new growth opportunities to the business and its team, given Baker Hughes' highly complementary product lines and global reach.' The acquisition of CDC, coupled with the recent Surface Pressure Control (SPC) transaction and the sale of the precision sensors & instrumentation (PSI) product line, is a strategic move by Baker Hughes to optimise its portfolio. Baker Hughes chairman and CEO Lorenzo Simonelli said: 'We are excited to enhance our industrial portfolio and expand our addressable market with the addition of CDC's well-established critical pressure management solutions. 'Together with the recently announced SPC and PSI transactions, this acquisition sets the blueprint for our portfolio optimisation strategy – focused on driving higher returns and creating long-term value for our shareholders.' "Baker Hughes to acquire Continental Disc for $540m" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio

This is why a $15 federal minimum wage is getting love from some Republicans
This is why a $15 federal minimum wage is getting love from some Republicans

CNN

time2 hours ago

  • CNN

This is why a $15 federal minimum wage is getting love from some Republicans

A bill to raise the federal minimum wage to $15 an hour from $7.25 is back – but you might be surprised at who's leading the charge: Republican Senator Josh Hawley of Missouri. Shifts in state and local minimum wages, however, as well as the broader economy, show how Hawley's involvement makes sense, both for his home state and for the country. And experts say having a conservative advocate sponsoring the bill could help the chances of finally getting a federal wage hike for the first time in 16 years. 'Given the fact that it's a Republican leading this legislation, there's certainly a different tone here, and a different group of people thinking about it than in the past,' said Rebekah Paxton, research director at Employment Policies Institute, a conservative think tank that opposes raising the minimum wage, arguing it will cost the jobs of lower-paid workers. Thirty-one states already require businesses to pay most workers above the federal $7.25 minimum – including Missouri. That might be one reason why Hawley's behind the bill. Come January 1, Missouri's minimum wage will rise to $15 an hour. A higher starting wage means that businesses looking to expand nationwide might instead opt for a state that has a cheaper wage floor. A national $15 per hour wage would level the playing field, making Missouri competitive with places where businesses can legally pay less. 'I think (Hawley's sponsorship) is an admission that minimum wage increases are very popular,' said Ben Zipperer, senior economist with the Economic Policy Institute, a liberal think tank that supports a higher minimum wage. 'I would like to be optimistic about this. I do think it's an important recognition that the problem with low pay continues to be a concern,' he said. The current federal minimum wage of $7.25 an hour was set in July 2009, according to the Department of Labor, and has not changed since. But thanks to inflation – including a surge in prices during the pandemic – that wage has depreciated. People earning $7.25 in 2009 would need to earn $10.82 today to have the same buying power, according to a Bureau of Labor Statistics calculator that uses the Consumer Price Index as an inflation reference. And while inflation is closer to the Federal Reserve's 2% target now, the accumulation of more than a decade and a half of price increases means that Americans simply can't afford the same kind of life now that $7.25 an hour bought in 2009. Hawley alluded to that erosion in a statement about the bill. 'For decades, working Americans have seen their wages flatline. One major culprit of this is the failure of the federal minimum wage to keep up with the economic reality facing hardworking Americans every day. This bipartisan legislation would ensure that workers across America benefit from higher wages,' Hawley said in a statement. (Senator Peter Welch, a Vermont Democratic, is a co-sponsor.) Hawley's press office did not respond to a request for further comment about the bill. In 10 states, as well as the District of Columbia, workers already make $15 an hour or more. In several more states, the rates could be higher than that next year, depending on inflation adjustments. All those states have Democratic senators likely to support a federal wage hike, excepting only Republican Senator Susan Collins of Maine. In fact, Bureau of Labor Statistics data shows that in 2023, the most recent year with information, only 870,000 workers earn the $7.25 an hour minimum or less (the less is allowed for workers who receive tip income or some workers with disability). That's only about 1% of the 80 million hourly workers nationwide. Far more people, however, make under $15 an hour – about 14 million, Zipperer said. 'The economy has basically moved on' from wages that low, he added. But a pay increase to $15 an hour could do a lot to help those folks. 'Minimum wage bills are always going to affect a minority of the work force,' he said. 'Still, that's nothing to sneeze at.' But Paxton, of the conservative Employment Policies Institute, said a higher minimum wage could actually hurt those workers by cutting into the number of jobs or hours worked. With human workers earning bigger paychecks, employers could turn to automation or artificial intelligence. Already, AI leaders have warned that new advances in the technology could slash jobs for white-collar workers. 'It's a popular thing. People want to see workers earn more money,' Paxton said. 'Yes, it could boost wages, but it also could kill jobs for a sizable part of the workforce. There's a tradeoff we think he (Senator Hawley) is ignoring.'

This is why a $15 federal minimum wage is getting love from some Republicans
This is why a $15 federal minimum wage is getting love from some Republicans

CNN

time2 hours ago

  • CNN

This is why a $15 federal minimum wage is getting love from some Republicans

A bill to raise the federal minimum wage to $15 an hour from $7.25 is back – but you might be surprised at who's leading the charge: Republican Senator Josh Hawley of Missouri. Shifts in state and local minimum wages, however, as well as the broader economy, show how Hawley's involvement makes sense, both for his home state and for the country. And experts say having a conservative advocate sponsoring the bill could help the chances of finally getting a federal wage hike for the first time in 16 years. 'Given the fact that it's a Republican leading this legislation, there's certainly a different tone here, and a different group of people thinking about it than in the past,' said Rebekah Paxton, research director at Employment Policies Institute, a conservative think tank that opposes raising the minimum wage, arguing it will cost the jobs of lower-paid workers. Thirty-one states already require businesses to pay most workers above the federal $7.25 minimum – including Missouri. That might be one reason why Hawley's behind the bill. Come January 1, Missouri's minimum wage will rise to $15 an hour. A higher starting wage means that businesses looking to expand nationwide might instead opt for a state that has a cheaper wage floor. A national $15 per hour wage would level the playing field, making Missouri competitive with places where businesses can legally pay less. 'I think (Hawley's sponsorship) is an admission that minimum wage increases are very popular,' said Ben Zipperer, senior economist with the Economic Policy Institute, a liberal think tank that supports a higher minimum wage. 'I would like to be optimistic about this. I do think it's an important recognition that the problem with low pay continues to be a concern,' he said. The current federal minimum wage of $7.25 an hour was set in July 2009, according to the Department of Labor, and has not changed since. But thanks to inflation – including a surge in prices during the pandemic – that wage has depreciated. People earning $7.25 in 2009 would need to earn $10.82 today to have the same buying power, according to a Bureau of Labor Statistics calculator that uses the Consumer Price Index as an inflation reference. And while inflation is closer to the Federal Reserve's 2% target now, the accumulation of more than a decade and a half of price increases means that Americans simply can't afford the same kind of life now that $7.25 an hour bought in 2009. Hawley alluded to that erosion in a statement about the bill. 'For decades, working Americans have seen their wages flatline. One major culprit of this is the failure of the federal minimum wage to keep up with the economic reality facing hardworking Americans every day. This bipartisan legislation would ensure that workers across America benefit from higher wages,' Hawley said in a statement. (Senator Peter Welch, a Vermont Democratic, is a co-sponsor.) Hawley's press office did not respond to a request for further comment about the bill. In 10 states, as well as the District of Columbia, workers already make $15 an hour or more. In several more states, the rates could be higher than that next year, depending on inflation adjustments. All those states have Democratic senators likely to support a federal wage hike, excepting only Republican Senator Susan Collins of Maine. In fact, Bureau of Labor Statistics data shows that in 2023, the most recent year with information, only 870,000 workers earn the $7.25 an hour minimum or less (the less is allowed for workers who receive tip income or some workers with disability). That's only about 1% of the 80 million hourly workers nationwide. Far more people, however, make under $15 an hour – about 14 million, Zipperer said. 'The economy has basically moved on' from wages that low, he added. But a pay increase to $15 an hour could do a lot to help those folks. 'Minimum wage bills are always going to affect a minority of the work force,' he said. 'Still, that's nothing to sneeze at.' But Paxton, of the conservative Employment Policies Institute, said a higher minimum wage could actually hurt those workers by cutting into the number of jobs or hours worked. With human workers earning bigger paychecks, employers could turn to automation or artificial intelligence. Already, AI leaders have warned that new advances in the technology could slash jobs for white-collar workers. 'It's a popular thing. People want to see workers earn more money,' Paxton said. 'Yes, it could boost wages, but it also could kill jobs for a sizable part of the workforce. There's a tradeoff we think he (Senator Hawley) is ignoring.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store