The United Kingdom welcomes the Olympics with a traditional greeting…
A two-income American family with an average income that dutifully invests in a 401(k) plan using typical strategies will lose $155,000 – or about 30 percent of what they should have saved for retirement — to Wall Street fees, according to a study by an economic justice advocacy organization.
The Demos study, released last month, is just the latest in a long string of research showing 401(k) plans are a better deal for Wall Street than for you. Many show that people lose about one-third of their retirement money to fees that they don’t even know they’re paying. The actual lifetime impact of fees is a matter of widespread debate, but it shouldn’t be. In one dramatic example, John Bogle, the inventor of index funds, demonstrated how fees can consume 80 percent of an investor’s money through something he’d dubbed “the tyranny of compounding fees.”
A group of Nevada Highway Patrol troopers and a retired police sergeant have filed a racketeering complaint against the NHP and Las Vegas Metro Police in U.S. District Court.
The complaint alleges that after then-Gov. Jim Gibbons approved a K-9 program to target drug runners on Nevada’s highways, Nevada Highway Patrol Commander Chris Perry intentionally undermined the program.
The complaint alleges that the drug-sniffing dogs used by troopers in the program were intentionally being trained to operate as so-called trick ponies, or dogs that provide officers false alerts for the presence of drugs.
The dogs were being trained to alert their handlers by cues, instead of by picking up a drug’s scent by sniffing, the complaint said. When a dog gives a false alert, this resulted in illegal searches and seizures, including money and property, the complaint said.
“CNN regrets that it didn’t wait to report out the full and complete opinion regarding the mandate,” a spokeswoman said in a statement. “We made a correction within a few minutes and apologize for the error.”
Fox News did not issue an apology. In a statement, Michael Clemente, a Fox executive, said flatly, “Fox reported the facts as they came in.”
So the Supreme Court — defying many expectations — upheld the Affordable Care Act, a k a Obamacare. There will, no doubt, be many headlines declaring this a big victory for President Obama, which it is. But the real winners are ordinary Americans — people like you.
Today is the fifth anniversary of the iPhone.
(Steve Ballmer, five years ago) There’s no chance that the iPhone is going to get any significant market share. No chance.
On the March 26 broadcast of his show, O’Reilly hosted Caroline Fredrickson, president of the American Constitution Society, who said the legislation “doesn’t actually require people to buy health insurance” but “imposes a penalty” on those who don’t. She described this as “a tax power,” and indeed, the Supreme Court would later rule that the mandate is “authorized by Congress’s power to levy taxes.”
O’Reilly concluded the segment by saying, “Miss Fredrickson, you’re going to lose, and your arguments are specious. … And if I’m wrong, I will come on, and I will play your clip, and I will apologize for being an idiot.”
North America has 6 percent of the world’s population but 34 percent of the world’s total biomass due to obesity!
Now I wonder why my clothing size has stayed the same while my waistline got bigger.
An unsecured wifi network triggered a SWAT team raid on the wrong home in Evansville, Indiana last week after officers began investigating specific threats made in an online forum.
As it turns out, nobody inside the home made those threats, which apparently came from someone who simply accessed their network. But that didn’t stop police from gearing up for the raid blocks away and inviting a local reporter and cameraman to tag along.
In the video aired later by Evansville’s Eyewitness News, police can be seen throwing multiple flashbang grenades into the family home, where 18-year-old Stephanie Milan wasreportedly watching The Food Network and lounging on the couch, then smashing their screen door before charging in.
Neither Milan nor her immediate family members had criminal records, but police said that their records indicated at least one member of their extended family did. They have all since been cleared without charges, and not a single one of them was ultimately arrested at the scene.
The nature of the threats, too, seems to have been a factor in their hasty decision. A poster in an Evansville forum on the website Topix.com Those threats included personal information about police officers’ families, and the poster claimed to possess explosives.
Police told The Evansville Courier & Press on Wednesday that the threat was likely made by someone else who lives on the street, but the investigation is ongoing.
The founder of one of Singapore’s richest churches has been charged in court for allegedly syphoning off nearly $19m of the congregation’s money to support his wife’s singing career.
Pastor Kong Hee, 47, faces three charges of “criminal breach of trust” relating to the misuse of funds belonging to the City Harvest Church, one of Singapore’s biggest - with a membership of over 30,000.
Kong was accused of “dishonestly misappropriating monies” from the church’s building fund over several years to support the career of his wife Ho Yeow Sun, who had tried to become a music star in the US.
Oh… “My wife made me do it!” has got to be the second oldest excuse for clerical naughtiness.
A New Zealand court has ruled that search warrants used when 70 police raided the New Zealand mansion of the suspected kingpin of an internet copyright theft ring were illegal.
German national Kim Dotcom, also known as Kim Schmitz, was one of four men arrested in January as part of an investigation into his Megaupload.com website led by the FBI.
Prosecutors say Dotcom was the ringleader of a group that has netted $175m since 2005 by copying and distributing music, movies and other copyrighted content without authorisation.
Dotcom’s lawyers say the company simply offered online storage.
On Thursday, High Court Judge Justice Helen Winkelmann found the warrants used in the seizure of property from Dotcom’s mansion near Auckland were illegal and that moves by the FBI to copy data from Dotcom’s computer and take offshore were also unlawful.
“The warrants did not adequately describe the offences to which they related,” Winkelmann said in her ruling. “Indeed they fell well short of that. They were general warrants, and as such, are invalid.”
Crikey! Now what? Can we extradite him?
Zookeepers searching for 30 squirrels that escaped from a Japanese zoo under cover of a typhoon have been extremely successful in tracking down the animals.
Naharnet now reports zoo spokeswoman Eri Tsushima has revealed that their efforts have been a resounding success as 38 of the missing 30 squirrels have been recovered.
LZ Granderson is a regular CNN columnist and contributor, and has written a column this week that — no joke — urges Americans to stop being so “nosy” about all the bad things the U.S. Government does. You just have to read it to believe it
An orthodox Jewish woman in Jerusalem risked the life of her newborn child to allow herself complete her vow of silence. The woman took the vow of silence which would finish at the end of Shabbat on Saturday night; however, the woman gave birth Saturday morning. So she hid the baby under her dress with the umbilical cord still attached, put the placenta in a bag and waited in her house. Medics were not alerted until the husband went to a rabbi for a blessing for the child and it the Rabbi who called the hospital. When paramedics arrived they were not allowed see the woman or child. A rabbinical tribunal was performed to relinquish the woman from her vow but even after that she still refused to speak or even communicate in any form. Eventually police and rescue teams had to use force to separate the mother from the child, cut the umbilical cord and rush the pair to a hospital. Ariel Atias, one of the paramedics, said ‘it’s a miracle the baby is safe and healthy, the incident could have ended badly’.
According to the notes, Frank de Grave, member of the Eerste Kamer (the senate) said this last Tuesday.
The Supreme Court upheld the health care law today in a splintered, complex opinion that appears to give President Obama a major victory.
Basically. the justices said that while Congress did overreach in part with the individual mandate — the requirement that most Americans buy health insurance or pay a fine — the provision is held constitutional as a tax.
Chief Justice John Roberts — a conservative appointed by President George W. Bush — provided the key vote to preserve the landmark health care law, which figures to be a major issue in Obama’s re-election bid against Republican opponent Mitt Romney.
She made it clear that if any client ever tells her he’s gay, she’s going to respond by telling him he needs to be “cured.” She supported “conversion therapy,” something that doesn’t work and harms the patients.
In response, her school made her take diversity sensitivity workshops as part of a remediation plan. Keeton refused to participate. The school kicked her out of the program. Keeton sued. She said the school discriminated against her because of her faith. They didn’t, of course, because they weren’t asking her to alter her religious beliefs — she just had to keep them to herself and do her damn job.
Now, a Georgia federal district court has sided with the school (PDF). Yay!
“Hi all, just as an FYI, I will be in noon’ish on Monday,” wrote one of Barclays Bank’s submitters, a person responsible for reporting the interest rate at which one of Britain’s biggest banks is able to borrow money, through its dealings with other financial institutions, and derivatives products on offer over-the-counter.
“Noonish? Who’s going to put my low fixings in? Hehehe,” came the cheeky reply from one of Barclays’ traders.
This is just one of the emails released at the conclusion of an investigation by industry regulators the Financial Services Authority (FSA) into Barclays’ interest rate fixing of its LIBOR (London Interbank Offered Rate) and EURIBOR (Euro Interbank Offered Rate).
In practices outlawed by the FSA, Barclays traders and submitters worked together to manipulate the interest rates being reported in order to benefit the bank’s trading positions and increase its profits.
The High Court has ruled the police raid on internet entrepreneur Kim Dotcom’s Auckland mansion was illegal and the removal from New Zealand of cloned copies of hard drives seized was unlawful.
Justice Helen Winkelmann found the warrants used did not adequately describe the offences to which they were related.
“Indeed they fell well short of that. They were general warrants, and as such, are invalid.”
A spokesman for Dotcom’s attorneys said Dotcom and his co-defendants were pleased.
“They are very happy with Justice Winkelmann’s decision,” wrote a representative for Simpson Grierson. “We are considering our clients’ remedies as a result of the decision that the search warrants were unlawful and that the FBI sending the clones to the USA was also unlawful.”
Police said they were considering the judgement and are in discussions with Crown Law to determine what further action might be required.
Het Openbaar Ministerie (OM) verdenkt een van de broeders van voormalig internaat Sint Joseph in Heel ervan de hand te hebben gehad in de dood van 37 hulpbehoevende jongens onder de 21 jaar in de periode 1952-1954. Justitie bestempelt dit als een misdrijf. Deze Broeder Andreas werkte in die jaren als enige verzorger met de onder verdachte omstandigheden overleden hulpbehoevende jongens. Dat maakte het OM in Roermond donderdag bekend na onderzoek.
Here is a google translate.
Summary: The Public Prosecutor suspects one of the brothers of former boarding school in St. Joseph Many have had their hand in the death of 37 needy boys under 21 years.
Het advertentiemodel voor websites is mislukt; de tijd van gratis artikelen online is voorbij. Dat stelde De Persgroep-CEO Christian van Thillo vanmorgen op de Vlaamse radio, vlak voor hij als voorzitter van het Media Futures Forum de Europese Commissie zou adviseren over maatregelen.
It’s truly “One more thing”.
More than 200 church leaders across the country now say they no longer believe in God, including a Houston-area pastor who was one of the first to publicly announce his decision.
Mike Aus, who was pastor at Theophilus church in Katy, made that announcement during an appearance on a Sunday morning show on MSNBC.
“Hardly anyone reads the Bible,” said Aus on the “Up with Chris Hayes” program. “If they did, the whole thing would be in trouble.”
If there is one thought that summarizes the strength and weakness of the Arab awakenings, it’s the one offered by Daniel Brumberg, a co-director of the democracy and governance studies program at Georgetown University, who observed that the Arab awakenings happened because the Arab peoples stopped fearing their leaders — but they stalled because the Arab peoples have not stopped fearing each other.
Floods and abortions are distinctly different topics — except to Sen. Rand Paul (R-KY), who is trying to attach an anti-choice amendment to the Senate’s flood insurance bill.
A man’s attempt to bring the ashes of his grandfather home to Indianapolis ended with an angry scene in a Florida airport, with the ashes spilled on the terminal floor.
John Gross, a resident of Indianapolis’ south side, was leaving Florida with the remains of his grandfather — Mario Mark Marcaletti, a Sicilian immigrant who worked for the Penn Central Railroad in central Indiana — in a tightly sealed jar marked “Human Remains.”
Gross said he didn’t think he’d have a problem, until he ran into a TSA agent at the Orlando airport.
“They opened up my bag, and I told them, ‘Please, be careful. These are my grandpa’s ashes,’” Gross told RTV6′s Norman Cox. “She picked up the jar. She opened it up.
“I was told later on that she had no right to even open it, that they could have used other devices, like an X-ray machine. So she opened it up. She used her finger and was sifting through it. And then she accidentally spilled it.”
Gross says about a quarter to a third of the contents spilled on the floor, leaving him frantically trying to gather up as much as he could while anxious passengers waited behind him.
“She didn’t apologize. She started laughing. I was on my hands and knees picking up bone fragments. I couldn’t pick up all, everything that was lost. I mean, there was a long line behind me.”
TSA rules say a crematory container in carry-on baggage must pass through the X-ray machine at the security checkpoint.
But the agency’s own website says human remains are to be opened under, “no circumstances.”
“I want an apology,” said Gross. “I want an apology from TSA. I want an apology from the lady who opened the jar and laughed at me. I want them to help me understand where they get off treating people like this.”