Monthly Archives: June 2013

Nestlé unveils European youth jobs scheme

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“Swiss-based Nestlé, the world’s biggest food company, has announced a plan to help at least 20,000 young people find work in Europe over the next three years. The company said on Thursday its initiative would offer employment and create ‘thousands of apprentice positions and traineeships by 2016’ for job seekers under the age of 30.  Nestlé said it will also encourage its European suppliers to offer positions to young people.  Nestlé said it was continuing to expand in Europe despite challenging economic conditions.  It highlighted its biggest-ever investment in Germany last month, a 220 million-euro Nescafé Dolce Gusto factory in Schwerin.”

http://www.thelocal.ch/20130627/nestle-unveils-youth-job-creation-scheme

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Is There Hope for Recent College Grads?

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“Since the great recession, the labor market has become an especially difficult place for recent college graduates.  The unemployment rate for 22-year-olds jumped from 4.5% in 2000 — at the tail end of a historic technology boom — to 10.3% in the 2009 — 2011 period, according to a presentation Thursday by researchers at the New York Fed. Possibly more concerning is the spike in underemployment among younger workers. Those are recent graduates who have jobs that don’t require a degree, such as a salesperson in a retail store, a food server or even an electrician. In 2001 the underemployment rate fell to as low at 35%, but last year it rose to 44%.”

http://blogs.wsj.com/economics/2013/06/27/is-there-hope-for-recent-college-grads/

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By Global Standards, The US Education Bureaucracy Gets the Most Money With Mediocre Results

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“America has a very costly and inefficient government school monopoly. The strongest piece of evidence is an amazing chart put together by a Cato colleague. It shows that education spending has skyrocketed while educational performance has stagnated. We’ve now surpassed Switzerland to become the biggest spenders on education. But we still get a crummy return on all that money that is spent. One reason the system is so expensive is that we squander so much money on bureaucratic overhead. But I guess we need all those paper pushers so we can stop little kids from engaging in terrorist behavior.”

http://danieljmitchell.wordpress.com/2013/06/26/by-global-standards-the-government-education-bureaucracy-gets-the-most-money-while-delivering-mediocre-results/

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A Surprising Health Insurance Option For Those Who Refuse ObamaCare

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“The IRS has no authority to go after someone’s assets or wages in order to collect the penalty.  It only has the authority to deduct the penalty from a person’s tax refund at year’s end.  People will figure out how to fix that problem by trying to ensure they have only enough withheld to meet their tax obligation.  Those who are uninsured and successful at hitting the tax mark will face no effective penalty. There are policies available now that would work very well for the ObamaCare avoiders. Some of these policies are built on a life insurance platform rather than health insurance — which, incidentally, means they are outside ObamaCare’s regulatory control.”

http://www.forbes.com/sites/merrillmatthews/2013/06/27/a-surprising-health-insurance-option-for-those-who-refuse-obamacare/

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More than half of Americans disapprove of Obamacare

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“A majority of Americans say Obamacare will make things worse for their families and the nation overall, a poll released on Thursday found, highlighting the challenges his administration still faces in winning over the public. Overall, the survey of nearly 2,050 adults showed 52 percent disapprove of the 2010 law aimed at expanding access to health insurance for millions of people, according to Gallup. Another 44 percent said they back the changes. Among those polled, 42 percent said it would make their family’s healthcare situation worse while 33 percent said it would have little impact. Just 22 percent said they thought it would help, the poll showed.”

http://www.rawstory.com/rs/2013/06/27/more-than-half-of-americans-disapprove-of-obamacare/

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Young Americans may dodge health law

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“Young Americans may have been among the biggest supporters of Obamacare, but they may also be the least likely to comply with the law.  In 2014, benefits experts say, the cheapest option for 20-somethings will be to pay the penalty for not buying health insurance, rather than paying for any health insurance at all—that is, provided they don’t get sick. And as more young people do the math, more seem to be deciding the Affordable Care Act isn’t such a good deal for them: Support for a national health-care plan dropped nearly 11% among American college freshmen between 2008 to 2012.”

http://www.marketwatch.com/story/young-americans-may-dodge-health-law-2013-06-26

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Obamacare could eat up your raise

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“Expecting to get a raise next year? It could be eaten up by your health care bill.  In an effort to meet the affordability requirement of the Affordable Care Act, which kicks in next year and requires that workers spend no more than 9.5% of their income on premiums, more employers are turning to insurance plans in which premiums vary based on a person’s salary, rather than having all workers pay a flat rate. That way, employees who make more money pay bigger premiums.  While the strategy, which some employers have been using for decades, is still not mainstream, more companies are adopting the system as a way to prepare for the health reform law.”

http://www.marketwatch.com/story/obamacare-could-eat-up-your-raise-2013-06-27

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Bitcoin Exchange Makes Apparent Move to Play by U.S. Money-Laundering Rules

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“FinCen in March started applying traditional money-laundering rules to ‘virtual currencies’ amid growing concern that new forms of digital cash are being used for illicit activities. Those rules mandate that exchanges register with FinCen, follow stricter bookkeeping requirements and report transactions of more than $10,000. About a month after the edict, the Department of Homeland Security seized an account tied to Mt. Gox, alleging the company and a subsidiary were conducting transactions ‘as part of an unlicensed money service business.’ According to FinCen’s website, the agency received Mt. Gox’s registration on Thursday.”

http://online.wsj.com/article/SB10001424127887323873904578574000957464468.html

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U.S. Flag Recalled After Causing 143 Million Deaths

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“Millions of U.S. flag–related injuries and fatalities have been reported over a 230-year period in locations as far flung as Europe, Cuba, Korea, Gettysburg, PA, the Philippines, and Iraq. In addition, the company found that U.S. flag exports to Vietnam during the late 1960s and early 1970s resulted in hundreds of thousands of deaths, a clear sign that there was something seriously wrong with its product. Despite fears about the flag’s safety—especially when improperly used or manipulated in ways not originally intended—sales continued unabated over the years, potentially putting billions of unsuspecting people in danger.”

http://www.theonion.com/articles/us-flag-recalled-after-causing-143-million-deaths,17248/

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Jordanians ‘suspicious’ about U.S. troop movements

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“Jordanians are suspicious about US weapons and troops being deployed to the kingdom, even if Washington seeks to help its ally protect itself from a possible spillover of Syrian violence, experts say.  The United States has kept F-16 warplanes and Patriot missiles in the country since a joint military exercise ended on June 20.  A US defence official said Washington has expanded its military presence in the country to 1,000 troops.  MP Khalil Atiyeh says lawmakers reject the presence of foreign forces. ‘As deputies representing Jordanian people, we do not accept US or any other foreign troops in Jordan. Jordanians do not think there are threats from Syria.'”

http://www.rawstory.com/rs/2013/06/28/jordanians-suspicious-about-u-s-troop-movements/

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