Mainstream News

Nestlé unveils European youth jobs scheme

"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." Continue reading →

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Is There Hope for Recent College Grads?

"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%." Continue reading →

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A Surprising Health Insurance Option For Those Who Refuse ObamaCare

"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." Continue reading →

Continue ReadingA Surprising Health Insurance Option For Those Who Refuse ObamaCare

Young Americans may dodge health law

"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." Continue reading →

Continue ReadingYoung Americans may dodge health law

Obamacare could eat up your raise

"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." Continue reading →

Continue ReadingObamacare could eat up your raise

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

"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." Continue reading →

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

Jordanians ‘suspicious’ about U.S. troop movements

"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.'" Continue reading →

Continue ReadingJordanians ‘suspicious’ about U.S. troop movements

Marine’s 11-year war crimes conviction overturned

"Sergeant Lawrence Hutchins, 29, was jailed six years ago after a court martial found him guilty of orchestrating the murder of a 52-year-old Iraqi man in the town of Hamdania. Hutchins was convicted of leading an eight-strong squad which kidnapped the father of 11 from his home in a night-time raid, frogmarched him to a ditch and shot him. The group then placed an AK-47 and a shovel beside the dead man’s corpse to make it look as if he had been shot while planting a roadside bomb. Lawyers for Hutchins argued investigators had erred when the Marine was held in solitary confinement without access to a lawyer for seven days." Continue reading →

Continue ReadingMarine’s 11-year war crimes conviction overturned

China’s state newspaper praises Edward Snowden for ‘tearing off Washington’s sanctimonious mask’

"The strongly worded front-page commentary responded to harsh criticism of China from the US for allowing Snowden to flee. 'Not only did the US authorities not give us an explanation and apology, it instead expressed dissatisfaction at the Hong Kong special administrative region for handling things in accordance with law,' wrote Wang Xinjun, a researcher at the Academy of Military Science. 'In a sense, the United States has gone from a 'model of human rights' to 'an eavesdropper on personal privacy', the 'manipulator' of the centralised power over the international internet, and the mad 'invader' of other countries' networks,' the People's Daily said." Continue reading →

Continue ReadingChina’s state newspaper praises Edward Snowden for ‘tearing off Washington’s sanctimonious mask’

WikiLeaks staffer helping Edward Snowden flee U.S. authorities

"Holed up with a fugitive computer expert and negotiating a legal minefield to avoid the US authorities — WikiLeaks staffer Sarah Harrison has been here before. As one of Julian Assange’s closest aides, the blonde, willowy Briton is uniquely qualified to help US intelligence leaker Edward Snowden avoid extradition to the United States for exposing a massive surveillance programme. Snowden and Harrison have been stuck together in the transit zone of a Moscow airport since the weekend, after she accompanied him on a flight from Hong Kong as part of efforts by anti-secrecy website WikiLeaks to help the American." Continue reading →

Continue ReadingWikiLeaks staffer helping Edward Snowden flee U.S. authorities