Category Archives: Business

Obama: U.S. can’t afford to extend tax cuts for rich (Reuters)

Reuters – President Barack Obama, fighting to keep Democrats in charge of Congress, said on Wednesday the United States could not afford to extend Bush-era tax cuts for the rich and accused Republicans of being fiscally irresponsible. Continue reading

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Obama firm: Don’t extend tax breaks for wealthiest (AP)

AP – President Barack Obama strongly defended his opposition to extending Bush-era tax breaks for the wealthiest Americans on Wednesday and delivered a searing attack on Republicans and their House leader for advocating “the same philosophy that led to this mess in the first place.” Continue reading

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Want cheapskates to spend? Hawk gizmos that save (AP)

AP – How do you get penny pinchers to spend these days? Pitch products that promise to save them money. Continue reading

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Future hiring will mainly benefit the high-skilled (AP)

AP – Whenever companies start hiring freely again, job-seekers with specialized skills and education will have plenty of good opportunities. Others will face a choice: Take a job with low pay — or none at all. Continue reading

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AP ENTERPRISE: Oil cleanup both bonanza and bust (AP)

AP – The Gulf oil spill is a bonanza for some and a bust for others. Continue reading

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Snapshot of economy about to get a lot bleaker (AP)

AP – The government is about to confirm what many people have felt for some time: The economy barely has a pulse. Continue reading

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Officer vs. Enlisted

Yep, I’m going there. If you want to get a debate started with a quickness online, simply bring up this subject. You’ll have people speaking up who rarely do and others who are always outspoken become even more so. Let’s examine the most common debates in the enlisted vs officer world of debate. And just for full disclosure — my husband was enlisted when he was in (he’s medically retired now). 1. The Pay Difference Let’s take the military part out of it and look at it from a civilian perspective. Go into just about any business and you would expect to see those with college degrees who are in management to be earning more. And the longer they stay, the higher their salary generally goes. Why shouldn’t the military be the same way? As it stands, officers who hold college degrees make more money. Now I realize that some enlisted have college degrees as well. But they chose to go the enlisted route rather than the officer route. I have an MBA but if I choose to work in a job that doesn’t require my degree, I can’t expect to be compensated for having one. The salary depends on the job, not necessarily on my education level. I also believe that one thing that makes the pay difference so obvious in the military world is because the information is public. There are very few businesses in the civilian world where you can look up anyone’s salary online. In most social circles, discussing salaries would be taboo as it is considered to be a personal and private subject. Not so in the military. 2. The Housing Difference I would fully expect for the senior lender of the bank to live in a nicer home than the customer service representative of the bank. He makes more money and so in most cases, he will have a larger and/or nicer home. Why would that be different in the military? A higher level of education and responsibility should equal increased benefits. Yes, they all put their lives on the line and, yes, all of their jobs are important. But that doesn’t mean there can’t be differences between pay and benefits. A janitor in a hospital is just as important as a nurse as far as being employees of the hospital. But I’m sure everyone would expect that the nurse will be paid better than the janitor since the nurse has a higher education and a higher level of responsibility. Let’s look at the housing allowances where we lived — Savannah. The housing allowance for an E-4 with dependents is $1,179 and for an O-2 with dependents is $1,485. Regardless of the type of housing they live in on post, they have to give up their entire housing allowance. Why should an O-2 have to pay $1,485 for the exact same house than an E-4 is paying $1,179 for? They shouldn’t. If you were renting in the civilian world, can you imagine if they found out what your job was and decided that you needed to pay an extra $300 more per month just because you make more? 3. Charges Based on Rank Along the same lines as the housing allowance, military members also shouldn’t be charged differently based on their rank. Can you imagine if you went to McDonald’s and had to show your tax return before they told you how much your hamburger would be? How crazy would that be? Once at a spouses’ club meeting, we were voting on our next outing. We had chosen a restaurant downtown where lunch generally runs about $12 per person. I realize that may be a tad pricey for some but if you really want to do something, I think just about everyone could come up with an extra $12. One of the spouses of an enlisted soldier who was there made a big stink about it saying that enlisted spouses should not have to pay the same as officer spouses since their husbands made more. I literally sat there with my mouth on the floor. The officer spouses who were there obviously felt badly and offered to add a few dollars to every officer wife meal in order to reduce the meal price for an enlisted wife by a few dollars.  Personally, I was furious. The restaurant wasn’t checking IDs at the door. The meal is $12 regardless of if the Mayor is eating there or if it is a homeless person off the street. To expect the officer wives to pay more the same meal so the enlisted wives could pay less was incredibly stupid. And I happened to know this particular enlisted wife very well. She could have easily skipped her weekly manicure and had lunch if she wanted. She was not unable to pay $12 for lunch and neither was I as a fellow wife of an enlisted soldier. If for some reason, I felt it was unreasonable, I would simply not go or suggest a less expensive option. But I would never expect someone else to pick up my tab. This post is getting rather long so I’ll stop there but there’s more…much more…to discuss. Stay tuned! Related posts: Military Pay Changes When Adding Dependents Claudia Joy’s Experience with Deployment Wives Have No Rank Continue reading

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Nearly 50 percent leave Obama mortgage-aid program (AP)

AP – Nearly half of the 1.3 million homeowners who enrolled in the Obama administration’s flagship mortgage-relief program have fallen out. Continue reading

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Africa Unchained: Teaching Business Skills-Afghanistan's Tashabos

Teaching young people vital business skills is one of the key elements of Afghanistan’s reconstruction. Since 2005, CIPE has been conducting a popular entrepreneurship course called Tashabos in select high schools around the country. … Continue reading

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Watchdog panel cites global impact of US bailout (AP)

AP – The $700 billion U.S. bailout program launched in response to the global economic meltdown had a far greater impact overseas than other countries’ financial rescue plans did on the U.S., according to a new report from a congressional watchdog. Continue reading

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