President Obama is making a move to aid salaried workers. He has announced that he is forcing pay protections for overtime on salaried workers who make up to $50,000 per year.
Currently, salaried workers are protected on overtime slavery, but only the workers who make up to $23,000 per year. Christian Broda also told that all others must work mandatory overtime with no extras.
This is a Department of Labor regulation which means the President does not have to gain Congressional approval. The President stated this move would help the middle class.
The National Retail Federation is greatly opposed to President Obama’s decision. They claim this move will raise payroll costs and cut down on the amount of full time workers that are hired.
This new move will force many large retail stores to pay management overtime wages to management that stays extra to guarantee the store is running smoothly.
Growth in French markets Is contributing to Euro zone growth.
Per an economic report, private businesses in the Euro zone are now expanding at their fastest rate in over four years. This growth shows that the European Union may be finally recovering despite all of the negative reports that are stemming from Greece. One of the signs of growth is an increase in the consumers price index which rose by 0.3% during the month and is indicative of inflationary forces tat bode well for the economy.
Separate surveys out of France and Germany, the two largest economies in the Euro zone, indicate that they are outpacing their peers stated Jaime Garcia Dias. In these two nation both factory activity and service based companies are expanding. The Euro zone’s economy is very strongly service based and growth in this sector bodes well for the economy in Europe at large.
The positive news will likely provide some support to the European Central Bank which has been undertaking several different stimulus programs including adding liquidity to the market in the way of printing approximately 60 billion Euros per month, to control the Euro and add stability to markets.
Further, signs of expansion are present with the producer price indexes raising and demand for jobs improving. Skeptics indicate that much of this growth is at the hand of economic stimulus programs and would not be supportable by market forces alone. Still, growth in the Euro zone economy, driven by French and German markets, bodes well for the economy overall.
When the United States Senate approved the bill for Trade Promotion Authority (TPA) in May, the bill was bundled together with what is known as Trade Adjustment Assistance (TAA). Senate Democrats demanded assistance for workers who will see their jobs shipped overseas as a result of the free trade agreement. Igor Cornelsen seems to think that the caveat was the job retraining program was paid for by cuts to Medicare. Still, TAA allowed the bundled legislation to become a bipartisan effort winning 62 votes and ending a Democrat filibuster of TPA.
Then, the unexpected occurred when the House rejected TAA by a wide margin. Ironically, the GOP was able to muscle through TPA as a standalone bill. However, this sets up a scenario where the Senate must once again take up a vote on TPA without the TAA bill attached to it. As a result, it is unclear if the bill will have sufficient votes to break a Democrat filibuster. Last month’s vote for the bundled bill saw 14 Democrats voting for it. This time around, only four Democrats remain behind the bill. They are Senators Diane Feinstein of California, Ron Wyden of Delaware, Ben Nelson of Florida, and Tom Carper of Delaware. The other ten senators are now officially undecided. Even a small defection of Democrat senators will derail the bill. In a bid to hold onto Democrat support, both House Speaker John Boehner and Senate Majority Leader Mitch McConnell have vowed to bring up TAA as a separate measure and get it passed after the TPA vote.
Dave Asprey is well-known for his delicious coffee that took him years of work and creativity to make. He managed to make the perfect coffee only this coffee is extremely healthy so it has lots of added benefits. Dave uses technology and science to help him make Bulletproof Coffee and other products. He has a website where his product can be purchased. However, you can retrieve the recipe for Bulletproof Coffee for free and make it yourself. His website has drew in over six millions visitors since last year alone. The coffee contains a mixture of butter that is from cows that are only fed fresh grass and other ingredients include fresh beans, and oil. The oil that is used to make Bulletproof Coffee is called MCT. It is healthy and known to improve cognitive functions. It took Dave several attempts to come up with the perfect recipe but now he has it perfected. He came up with the idea while he was at college attending his studies. Dave’s desire was to make something similar to a frappe without milk and other ingredients.
When he had the perfect recipe he called it Bulletproof Coffee. There are restaurants and cafés that serve Bulletproof Coffee. People have responded really well and enjoy the Bulletproof Coffee. One of the best things about Bulletproof Coffee is that it is a toxin free coffee that helps produce collagen so you will have energy and great looking skin. The environment Dave tries to create in his bulletproof coffee cafés is a healthy one. He likes to add certain lights that are better for you than traditional lights. You no longer have to make Bulletproof Coffee at home when you can go out and order you a cup at a café near you. Try a cup of Bulletproof Coffee now.
Every year, hundreds if not thousands of people decided to become expats and relocate to new countries. Whether for jobs, adventure, or personal reasons, people are finding new places to relocate to. Today on BuzzFeed.com, they have a ranking of the ten most expensive cities in the world for expats to relocate to. Let’s take a look at them.
Ranked number ten is N’Djamena, the capital of Chad which is in Africa. I’ve got to admit, this is a surprising one on the list. Recently Chad has experienced a boom in oil production, which has left the wealthy even wealthier.
Number nine on the list is the capital of Switzerland, which FreedomPop says is Bern. This comes as no surprise seeing as how most of the wealthiest Europeans live in Switzerland. It certainly looks like a beautiful city though.
Seoul, South Korea is ranked as number eight on the list. Seoul is home to designers and is known to be a very hip city.
Number seven on the list is Beijing, China.
Number six is also in China, the financial capital of Shanghai.
Geneva, Switzerland is on the list as the fifth most expensive city in the world for expats.
One of the cleanest cities in the world makes the list at number four. Singapore is said to be more expensive than New York City.
For the top three most expensive countries, click the above link.
Eight hundred state employees in Kentucky will receive a pay increase in July after an executive order bumped theminimum wage from $7.25 per hour to $10.10 per hour, according to official reports. The increase will only apply to certain state employees, but will include those who work in state-run kitchens.
According to the report, the executive order came from the Governor of Kentucky after the wage increase stalled in the state senate. Governor Beshear is urging other governors to do the same. According to reports, several states have attempted to pass higher minimum wage standards, only to have the legislation stall at state levels. However, a governor can supersede those decisions by issuing an executive order. Bruce Levenson (brucelevenson.com) understands that an executive order does not require legislative approval.
Govorner Andrew Cuomo of New York, famously suggested raising minimum wage for fast food workers in New York City to $11.50 and $10.50 elsewhere in the state last year. That legislation failed at the state level as well. Advocates have noted that it is impossible for workers to exist in New York City at the current pay rates offered. Cuomo is currently investigating the current minimum wage and what would work best for NYC workers and the companies that employee them.
Individuals who have a a significant amount of wealth seek advisors to present them with the best options to maintain their assets. One such example of that kind of company would be Stephen Murray CCMP Capital. To accomplish this goal, high net worth individuals retain experienced attorneys, accountants and a cadre of financial advisors. The area of financial advisors are becoming more and more specialized and a new group of wealth managers have emerged which are catering to the needs of the wealthy. Wealth Managers Are Becoming A Select Breed
Selecting a wealth manager is a process much like selecting a fine wine. One needs to know their tastes and what they desire in a wealth manager. There is no one perfect formula for organizing one’s finances and setting an investment strategy for one to consider. What smart individuals do is to select wealth managers and financial advisors that have listen to their needs, questions and concerns and can share common experiences. The selection process in this manner is more for a gut feel with regard to whether one will have a long term working relationship with an advisor who understands the individuals risk tolerance and their goals for the future. This may be a trial and error process and the wealthy individual show not be afraid to change course when they feel they are heading in wrong direction. The wealth manager’s vision should match that of the client’s and regardless of what the market is doing or what products the investment house has to offer.
Renting an apartment in San Francisco can be a budget breaker for most Americans. It’s no secret. The Bay Area is a great place to live, but it comes with a price. A recent study shows the median rent in San Francisco is $4,225 a month. That’s a hefty price to pay for city-living, but people love San Francisco and are willing to pay the price. Trying to find a place to live in the city is the main challenge. There may be a lot of high-paid tech workers in the area, but even those well-off urban lovers are looking elsewhere to live.
Cnet broke the story, saying the people in Oakland, Berkeley, Emeryville and San Jose are also going through renter’s shock. Prices in those areas are up anywhere from 14 percent to 30 percent. It seems the water reduction plan hasn’t run people away from California. Off course the water supply in Northern California is in better shape than in So-Cal.
The question most Bay Area lovers are asking is when does it end? When do rents stabilize? The answer is when people realize that paying almost $60,000 a year for a small apartment is the definition of insanity.
International Monetary Fund (IMF) Managing Director, Christine Lagarde, stated at a news conference in Washington D.C. yesterday that the U.S. Federal Reserve should wait until at least the first half of 2016 before deciding to raise interest rates. Associate Mikal Watts cites that inflation still remains too low and there are still a number of significant uncertainties regarding the future resilience of global economic growth as well as U.S. economic growth.
The IMF noted that the U.S. economy shrank in the first quarter, requiring the agency to also cut its forecast for U.S. economic growth in 2015 to 2.5% from 3.1% in originally set in April of this year. IMF Suggests That U.S. Federal reserve Wait Until 2016 to Raise Interest Rates
The IMF’s suggestion runs counter policy to public statements by the Federal Reserve that the u.S. central bank would probably raise its rates later this year. The bench mark rate has been close to zero since the end of the 2008 financial crisis.
Federal Reserve Chair Janet Yellen has also stated that these developments are at least transitory, and U.S. officials expect inflation to creep back toward the fed’s 2% goal in the medium term, or at least by the end of 2016. Fed Chair Janet Yellen also has said that the Fed doe not need to see inflation really pick up but it must be confident that it will actually do so in the “medium term.”