Federal Reserve Board reporter Pedro Da Costa, who left Reuters last week, has been hired by The Wall Street Journal.
Da Costa will be part of The Journal’s global central banks team.
Da Costa also spent six years covering the markets for Reuters. He has a bachelor’s degree from the University of Chicago and a master’s degree in international relations from the University of California, San Diego.
In 2001, he received a Deadline Club Award for Online Enterprise Reporting from the Society of Professional Journalists’ New York chapter for “The Ties that Bind at the Federal Reserve,” which exposed lucrative leaks from Fed insiders to former staffers in the private sector and led to an official policy change at the central bank.
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Attn: Pedro Da Costa
Has any research been done on the impact of unpaid overtime on surprising job creation?
For example, under the Fair Labor Standards Act, "exempt" or "salaried" workers can be forced to work unlimited amounts of overtime without getting paid for it.
In many companies, employees have to make up the time of laid-off workers.
Also, if people got paid for the OT, or more people were hired, more income tax could be collected to run the government and provide benefits to the needy.