ObamaCare Calls Flexible Spending Account Use-It-Or-Lose-It Rule Into Question
The IRS is evaluating changes to the way healthcare flexible spending accounts work, so employees might not lose unused dollars.
Ashlea Ebeling, Forbes StaffThe IRS is evaluating changes to the way healthcare flexible spending accounts work, so employees might not lose unused dollars.
Ashlea Ebeling, Forbes StaffA new survey by AARP of 1000 registered voters 50 and older found that over one-third reported that they or someone they know has experienced age discrimination in the last four years. Sixty-four percent of respondents think that people over age 50 face age discrimination in the workplace. The impetus for this survey: To find out of older Americans support the bipartisan "Protecting Older Workers Against Discrimination Act" (POWADA). read »
Jamie Dimon faced Congress, but the hard part will be explaining the trading mess to shareholders.
The Philly Fed number this morning was an unmitigated disaster. A huge drop-off in new orders dragged the reading down to a negative 16 versus expectations of flat. Taken in combination with this morning's weekly jobless claims number (the rolling 4-week average is headed in the wrong direction) along with everything else we've seen in retail sales and manufacturing, we know that things have ground to a halt. read »
Mercifully, the silly dust kicked up last month over Newark mayor Cory Booker's comments on private equity has settled, and moved on. As has Cory Booker's political ladder, writes John Bohrer in The New Republic. Bohrer's main beef is with Booker's political squishiness, which matured sourly in his home state and now, Bohrer thinks, has spread nationwide, thanks to the Bain Capital kerfuffle. read »
General Motors and Ford retirees are facing a choice that may become a trend for traditional pensions. read »
In response to the filing of a Complaint on July 12, 2011, by the Department of Enforcement of the Financial Industry Regulatory Authority (“FINRA”), Respondent Jerod A. Wurm submitted an Offer of Settlement dated May 31, 2012, which the regulator accepted. Under the terms of the Offer of Settlement, without admitting or denying the allegations in the Complaint, Respondent Jerod A. Wurm consented to the entry of findings and violations and to the imposition of the sanctions. FINRA Department of[...] read »
I recently came across this headline in a press release sent out to various Web sites by the Global Newswire via Comtex: "Iraqi Dinar Soars in Global Currency Market." read »
Big shakeup at retailer ahead of earnings report; Greek election results bring relief for Eurozone.