• Postal Service’s Flat Sequencing System won’t need breaks

    Updated: 2011-01-31 18:38:10
    The U.S. Postal Service’s new mail-sorting machine is about the size of 14 double-decker buses —- and it’s fast. It can do the job of 26 humans working at full-bore. Unlike its fleshy counterparts, it will work nonstop 17-hour shifts and won’t ever get paper cuts or carpal tunnel syndrome. It’s part of a $1.5 [...]

  • New tax rules will hit squeezed middle till pips squeak

    Updated: 2011-01-31 10:41:43
    About 175,000 people earning £40,000 a year will see their marginal rate of tax more than double from 30 per cent to 70 per cent from April 6 because of complex changes to the tax system, according to the Institute for Fiscal Studies (IFS). At the same time, a reduction in the point at which higher [...]

  • Things worth reading: 31st January 2011

    Updated: 2011-01-31 07:00:31

  • Rural post offices under threat

    Updated: 2011-01-31 02:33:32
    At post offices in Browns Valley, Smartsville, Dobbins and other small Yuba County burgs, residents stop in for their mail, and a chat. Sometimes it’s with the clerk, sometimes it’s with neighbors. The topic can be the weather, where to get firewood, or general gossip. But officials of the U.S. Postal Service, which continues to [...]

  • USPS Puts Hold On Proposal To Expand Ability To Subcontract Rural Routes

    Updated: 2011-01-29 18:21:46
    The U.S. Postal Service has withdrawn a proposal that “would have expanded its ability to subcontract rural routes to contract delivery service,” according to an announcement this week by the National Rural Letters Carriers’ Association. The decision “came after extensive discussions” between the NRLCA and Postmaster General Patrick Donahoe, as well as other postal officials, [...]

  • Forget the dog! Mailman faces angry Turkey

    Updated: 2011-01-29 18:21:43
    In Cape Cod, Mass., a local fowl’s feathers are clearly ruffled by the postman. TODAY’s Natalie Morales takes a look at the hilarious video Visit msnbc.com for breaking news, world news, and news about the economy

  • Video: Philadelphia Mail Carriers Drinking On the Job – Part 2

    Updated: 2011-01-28 23:52:02
    Three Philadelphia mail carriers are off the job and there’s a major shake-up in a city post office where they worked. It’s a direct result of a Fox 29 Investigation. Fox 29 Investigates: Drinking Postmen : MyFoxPHILLY.com

  • Cameron's Chinese slur

    Updated: 2011-01-28 13:52:15
    Judging by the blogosphere, David Cameron has grossly insulted the Chinese in his World Economic Forum speech by so unfavourable contrasting their authoritarian economic model with our own liberal, free market ways, which he characterised as innately superior. Whether the British Prime Minister was aware he would cause such upset, I don’t know, but he must [...]

  • CBO Projects Social Security to Be Forever in the Red

    Updated: 2011-01-28 13:50:52
    CRFB.org Stimulus.org US Budget Watch Peterson-Pew Commission E-mail list sign up : Subscribe Unsubscribe Search : Home Documents Blog News Events About Contact Recent Posts CBO Projects Social Security to Be Forever in the Red Spotlight on the States : Illinois Japan's Credit Rating Cut by Standard Poor's Sen . Conrad Calls for Immediate Action on Long-Term Fiscal Plan Sen . Rand Paul Proposes 500B in Annual Spending Cuts CBO Releases January 2011 Ten-Year Outlook Doug Elmendorf Reappointed as Director of Congressional Budget Office House Passes Third Weekly Spending Reduction Bill By month January 2011 56 December 2010 46 November 2010 60 October 2010 53 September 2010 41 August 2010 43 July 2010 60 June 2010 63 May 2010 45 April 2010 64 March 2010 65 February 2010 61 All Archives By

  • Things worth reading: 28th January 2011

    Updated: 2011-01-28 04:57:52

  • Why the new NICs stealth tax is no joke

    Updated: 2011-01-28 00:18:14
    You can tell things are grim – really grim – when the best the Governor of the Bank of England can do is to begin a speech by quoting the comedian Ken Dodd. Mervyn King reminded a conference in Newcastle this week of the Scouse sage’s advice: “When it comes to measuring success, don’t count [...]

  • Things worth reading: 27th January 2011

    Updated: 2011-01-27 03:13:00

  • Harsh lessons from a decade of disappointment at Equitable Life

    Updated: 2011-01-26 21:13:53
    Nobody needs to tell more than 1m Equitable Life policyholders that life ain’t fair. That really would be rubbing salt into the wounds after more than a decade of disappointment, in which they discovered by means of this ‘death of a thousand cuts’ just how badly Britain’s oldest insurance company was run and regulated. Their bad [...]

  • CBO Releases January 2011 Ten-Year Outlook

    Updated: 2011-01-26 20:31:57
    CRFB.org Stimulus.org US Budget Watch Peterson-Pew Commission E-mail list sign up : Subscribe Unsubscribe Search : Home Documents Blog News Events About Contact Recent Posts State of the Union Recap Rep . Bachmann Proposes Spending Cuts CBO Releases January 2011 Ten-Year Outlook CRFB To Live Tweet State of the Union Address State of the Union Bingo IMF to the United States : Adopt a Credible Fiscal Plan for the Medium-Run House Passes Resolution to Set Spending at 2008 Levels CNN Money Exclusive : Time for Obama to get Bold on the Debt By month January 2011 49 December 2010 46 November 2010 60 October 2010 53 September 2010 41 August 2010 43 July 2010 60 June 2010 63 May 2010 45 April 2010 64 March 2010 65 February 2010 61 All Archives By Keyword Budget 156 CBO 91 Congress 179 Deficits and

  • Exclusive: Argos-owner considered Blacks bid

    Updated: 2011-01-26 18:27:39
    Home Retail Group, the owner of Argos and Homebase, was one of the parties interested in bidding for Blacks Leisure, The Daily Telegraph has learned. Blacks said today that it had pulled the plug on a potential sale process as none of the would-be bidders came up with any decent offers. However the fact that Home [...]

  • Things worth reading: 26th January 2011

    Updated: 2011-01-26 03:25:04

  • Should we worry about pensioner debt or welcome it?

    Updated: 2011-01-25 22:34:14
    Is rising debt among pensioners something to worry about – or welcome? Most people will plump for the first option, as many did last year when I revealed in this space how nearly 250,000 homebuyers had retired before they paid off their mortgages. Now a new survey by Prudential forecasts that a fifth of those [...]

  • Things worth reading: 25th January 2011

    Updated: 2011-01-25 03:24:47

  • How to punish bankers for the PPI protection racket

    Updated: 2011-01-25 00:45:50
    Justice delayed is justice denied but the banks’ shameful attempts to wish away the cost of compensating the victims of their payment protection insurance (PPI) racket simply will not wash. More than a decade after The Daily Telegraph and Sunday Telegraph first began reporting how self employed people were sold cover against the risk of [...]

  • Things worth reading: 24th January 2011

    Updated: 2011-01-24 04:40:56

  • Good News, Taxpayers!

    Updated: 2011-01-21 21:46:17
    , CRFB.org Stimulus.org US Budget Watch Peterson-Pew Commission E-mail list sign up : Subscribe Unsubscribe Search : Home Documents Blog News Events About Contact Recent Posts Good News , Taxpayers Rep . Wolf Calls for Immediate Bipartisan Action on Debt and Deficit Pledges Support for Fiscal Commission Report Third Way Introduces New Social Security Reform Plan Debt Ceiling Discussion Going Over Your Head We Can . Help MY VIEW : Eugene Steuerle MARKETWATCH : January 17 20, 2011 House Ways and Means Committee Holds Hearing on Fundamental Tax Reform Republican Study Committee Proposes Spending Cuts By month January 2011 39 December 2010 46 November 2010 60 October 2010 53 September 2010 41 August 2010 43 July 2010 60 June 2010 63 May 2010 45 April 2010 64 March 2010 65 February 2010 61 All

  • Monthly MiFID Monitor, December 2010

    Updated: 2011-01-21 08:34:00

  • Things worth reading: 21st January 2011

    Updated: 2011-01-21 07:57:40

  • Things worth reading: 20th January 2011

    Updated: 2011-01-20 08:01:48

  • ERRP funds are going fast, but employers still have time to act

    Updated: 2011-01-19 19:57:05
    $1 billion of the original $5 billion has now been paid out under the Early Retiree Reinsurance Program (ERRP), according to an article this month in Business Insurance. We’ve been watching the ERRP since its inception (posts 1, 2, 3, 4), and didn’t think the $5 billion allocation would last long. A July 2010 EBRI [...]

  • 2011 Could Have Pension Contribution Surprises

    Updated: 2011-01-13 13:56:53
    Over the past couple of weeks we’ve been previewing some issues that pension plan sponsors may encounter during 2011 (e.g., increases in Annual Funding Notice liabilities and PBGC variable rate premium increases). This post highlights several items that plan sponsors should be aware of as they gear up for their 2011 pension funding valuations. These [...]

  • Pension Plans May Face Higher 2011 PBGC Variable Premiums Due to Low Interest Rates

    Updated: 2011-01-05 18:21:20
    As we mentioned in our blog post yesterday, the segment interest rates used for PBGC purposes are historically low right now. The previous post provided details of how this could affect the liabilities reported in the 2010 Annual Funding Notice to participants. This post highlights the impact on plan sponsors’ PBGC variable rate premiums (VRPs) [...]

  • 2010 Annual Funding Notice Liabilities Could Surprise Plan Sponsors and Participants

    Updated: 2011-01-04 20:26:29
    For calendar year pension plans, the Annual Funding Notice (AFN) to participants is due no later than April 30, 2011. One potential issue with this year’s notice is the impact of low interest rates on the liabilities disclosed in the document. There are two interest rates that affect liabilities in the AFN: –  PBGC segment [...]

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