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Fox Business Correspondent: “If you’re poor, stop being poor”

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After watching Aasif Mandvi’s segment on Thursday’s “Daily Show,” two things are clear: 1) America has the greatest healthcare system in the world (if 37th place is considered the greatest), and 2) some people shouldn’t do interviews with “Daily Show” correspondents.

Case in point, “Fox Business” commentator and NYSE Euronext Managing Director Todd Wilemon has a couple of jaw-dropping moments in this interview about “third world” healthcare conditions in Knoxville, Tennessee, not the least of which is his statement right at the end: “If you’re poor, stop being poor.”

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Watch the Daily Show clip HERE:

http://www.huffingtonpost.com/2014/03/07/aasif-mandvi-third-world-healthcare_n_4919304.html

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March 8, 2014 Posted by | Uncategorized | , , , , , , | Leave a comment

Starbucks Won’t Cut Worker Hours, Benefits Ahead Of Obamacare

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Starbucks Coffee Co will NOT follow the lead of other companies that are cutting health insurance benefits or reducing hours for employees in anticipation of the U.S. Affordable Care Act, the coffee shop chain’s CEO Howard Schultz told Reuters on Monday.

“Other companies have announced that they won’t provide coverage for spouses; others are lobbying for the cut-off to be at 40 hours. But Starbucks will continue maintaining benefits for partners and won’t use the new law as excuse to cut benefits or lower benefits for its workers,” Schultz said in a telephone interview.

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Last week, Reuters reported that some businesses are keeping staffing numbers below 50 or cutting the work week to less than 30 hours to avoid providing employee health insurance.

bastards!

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personal thought:

This morning a plan to order a Venti, instead of a mere, Grande.

Tomorrow? Don’t know yet.

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jon
Chiang Mai, Thailand

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August 27, 2013 Posted by | Uncategorized | , , , | Leave a comment

Why COSTCO Rules in Hearing Aids (what? what did you say?)

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Via: Bloomberg Businessweek

Costco Wholesale (COST) highlighted a number of hot products in its monthly sales call this morning. Its frozen food, beauty products, and gasoline are going gangbusters, according to executives. So are its hearing aids.

Those on the line may have been checking their ears. Surely they meant Hot Pockets or hand warmers.

We followed up with Richard Chavez, Costco’s senior vice president in charge of ancillary businesses, to see just how much hearing-aid revenue the wholesaler was talking about. “A lot,” he says with a laugh. “We’re now one of the largest—if not the LARGEST—hearing-aid distributors in the market, but I really don’t want anyone to know that.”

Turns out, in the past four years, Costco’s hearing-aid sales have grown 26 percent a year on average, according to Chavez, who expects another 19 percent gain this year.

The company has hearing-aid centers in every country in its footprint and almost every U.S. store. It’s also ramping up a program to help its employees become licensed hearing-aid “distributors,” a process that can take as long as two years, depending on the state.

Some 125 Costco workers are now in hearing-aid training. (WHAT?!!!)

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Read more, HERE:

http://www.businessweek.com/articles/2013-07-11/why-costco-rules-in-hearing-aids-dot-as-well-as-gummie-bears

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btw: I LOVE Costco!

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July 14, 2013 Posted by | Uncategorized | , , , , , | Leave a comment

COSTCO – CEO Jim Sinegal

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YES, this is the way it shoud be.

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February 27, 2013 Posted by | Uncategorized | , , , | Leave a comment

(2 of 2) 40 Percent of Fortune 500 Companies Founded by Immigrants or Their Children

Via: Forbes

We know about immigrant founders at large technology companies, such as Intel, Google and eBay. Less well known is how many immigrants and children of immigrants have founded other successful American companies.

A new report from the Partnership for a New American Economy found more than 40 percent of Fortune 500 companies were founded by immigrants or their children. Eighteen percent (or 90) of the 500 companies had immigrant founders. The children of immigrants started another 114 companies.

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The research shows the attribute of risk-taking that results in immigrants taking a chance on a new land in many cases can be passed along to their children.

Another argument for maintaining a legal immigration open to ambitious immigrants and their families.

http://www.forbes.com/sites/stuartanderson/2011/06/19/40-percent-of-fortune-500-companies-founded-by-immigrants-or-their-children/

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June 9, 2012 Posted by | Uncategorized | , , , | 1 Comment

Gaddafi’s Son, toured U.S. in weeks before Libya conflict

A son of Libyan leader Muammar Gaddafi toured U.S. ports and military facilities just weeks before he helped lead deadly attacks on rebels protesting his father’s authoritarian regime.

Khamis Gaddafi, 27, spent four weeks in the U.S. as part of an internship with AECOM, a global infrastructure company with deep business interests in Libya, according to Paul Gennaro, AECOM’s Senior Vice President for Global Communications. The trip was to include visits to the Port of Houston, Air Force Academy, National War College and West Point, Gennaro said.

http://www.huffingtonpost.com/2011/03/25/khamis-gaddafi-toured-us-internship_n_840905.html

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I’m VERY SURPRISED it was AECOM and not GE; I mean considering how well the Gaddafi family is at squirrelin’ money away.

General ‘imagination at work’ Electric; Paid NO FEDERAL TAXES in 2010′

GE’s success at avoiding taxes is nothing short of extraordinary.

– The company, led by Immelt, earned $14.2 billion in profits in 2010, but it paid not a penny in taxes because the bulk of those profits, some $9 billion, were offshore.

– In fact, GE got a $3.2 billion tax benefit.

http://abcnews.go.com/Politics/general-electric-paid-federal-taxes-2010/story?id=13224558

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IF you want to close the deficit, and who doesn’t; STOP the corporate tax loopholes!

 

 

March 26, 2011 Posted by | Uncategorized | , , , , | Leave a comment