An estimated 23 million people would lose health coverage by 2026 under Republican legislation aimed at repealing Obamacare, a nonpartisan congressional agency said on Wednesday in the first calculation of the new bill's potential impact. The report from the Congressional Budget...Read More »
I've been managing teams for about six years now, and there's one phrase I've grown to hate hearing from employees: "Somebody should..." Sometimes this phrase is followed by a very specific task or product improvement. Other times, it's a suggestion to change a process, either on our team or somewhere else in the company. Employees who use this phrase think they're being helpful. They think they're saying, "I'm a strategic and creative thinker who looks beyond the limits of my defined role and thinks of ways to improve the fortunes of the business overall. Please consider my larger value to the company when you think about my performance." But that's not what their boss hears. Their boss hears,
Sears will now pay $100 million in July, instead of the full amount. Sears' situation grew even more dire this month as the company revealed that some suppliers are trying to cancel contracts and cut back on orders amid fears that the retailer could soon go bankrupt. Sears says the new financing deals will help it reach its goal of reducing outstanding debt and pension obligations by $1.5 billion for fiscal 2017.
Lower mortgage rates are helping more homeowners refinance and reduce their monthly payments, but they are not providing much incentive to homebuyers, who are finding few affordable listings. Total mortgage application volume increased 4.4 percent last week on a seasonally adjusted basis from the previous week, according to the Mortgage Bankers Association. A drop in interest rates to the lowest level since November pushed refinance volume higher by 11 percent for the week.