Posts by Bernice Napach
- Daily Ticker22 hrs ago
If all goes according to the plan conceived by Senator Patty Murray (D-WA) and Representative Paul Ryan (R-WI), the co-chairs of the bipartisan budget conference committee, Congress will approve their budget deal and the government won't shut down again like it did for 16 days in October. Thebudget dealrestores much of the planned spending cuts, known as sequestration, leaving the military budget largely intact. Defense spending would total $520.5 billion this fiscal year--or 52% of the discretionary budget--while domestic programs would get $491.8 billion. Related: Want to Cut Government Waste? Find the $8.5 Trillion the Pentagon Can't Account For
- Daily Ticker6 days ago
It's common knowledge the U.S. tax code penalizes married couples with two working partners, whether they file jointly or separately. Less understood is there's a similar 'marriage penalty'also built into the Affordable Care Act. "It's easy now to make yourself significantly worse off if the government thinks you're married than if they think you're not," says Kevin Hassett,director of economic policy studies at AEI. Related: Obamacare's Unintended Losers
- Daily Ticker7 days ago
More good news about the economy this week: Third quarter GDP grew 3.6% -- the fastest rate in a year and half -- and the November unemployment rate fell to 7%--the lowest in five years.
But if you dig deeper into those numbers and superimpose them against the backdrop of the actual job market, they're not nearly as impressive. The GDP gain was largely due to buildup in inventories, the unemployment rate is still high several years into an economic recovery and the percentage of workers participating in the job market -- working or looking for work -- has been declining steadily. Add to that the impact of the recent 16-day government shutdown and a possible second round of sequester budget cuts -- if Democrats and Republicans fail once again to agree to a budget deal that could avoid them -- and it's not a pretty picture.
- Daily Ticker8 days ago
If the future success of the Affordable Care Act (aka Obamacare) rests largely with the number of young people who sign up--and there's little doubt that it does--then there may finally be some good news for the new health insurance program.
"The Affordable Care Act is growing on them," even as more people have become more negative about Obamacare, according to thelatest Bankrate.com health insurance survey released Tuesday.
Bankrate.com, a consumer financial website, also found that among all the groups it surveys regularly about Obamacare, 18- to 29-years-olds "were the most likely to say that their health insurance situation is improving" as well as their ability to pay for medical expenses.
- Bernice Napach at Daily Ticker10 days ago
The Nasdaq (^IXIC) topped 4,000 last week for the first time in 13 years and has continued to hit new record highs. But should investors be worried? Not yet, says Barry Ritholtz, chief investment officer of Ritholtz Wealth Management and creator of The Big Pictureblog. The Nasdaq today is a lot different than the Nasdaq during the tech bubble, he says.
"The composition of the Nasdaq has actually changed," Ritholtz explains in the video above. "It used to be very tech heavy. Now it’s probably about a fifth less tech heavy than it was."
Matt Krantzof USA Today writes that technology stocks account for 42% of the Nasdaq composite, down from 51% in March 2000.
- Bernice Napach at Daily Ticker16 days ago
Aaron Levie has successfully run a $1.2 billion company for eight years, and he's only 28-years old. This year Levie, CEO of Box, a cloud computing company, has been named Entrepreneur of the Year by Inc. magazine.
Inc.'s Editor -In-Chief Eric Schurenberg says Levie "is doing what all great entrepreneurs have always done. He sees the future before almost anyone else, and then, by the force of his personality and drive, he gets his colleagues and his customers to see it too."
Levie sat down with The Daily Ticker to share the top three secrets of his entrepreneurial success: great timing, an underdog mentality, and always remaining vigilant (if not a bit paranoid).
"We've been very fortunate timing the market...both when we started the company and when we made some critical moves that allowed large companies to adopt box," Levie says.
- Bernice Napach at Daily Ticker16 days ago
Earlier this year the NFL agreed to pay $765 million to settle a lawsuit brought by more than 4,500 players and their families to compensate for chronic illnesses including degenerative brain diseases, due to concussions from play. On Monday 10 former National Hockey League playersfiled suit in Washington seeking damages caused by concussions suffered during their careers. Will Mixed Martial Arts the next sport to pay?
Mixed martial arts (MMA) is among the fastest growing spectator sports in the country. Though less known than boxing or wrestling, MMA combines aspects of both as well techniques from kickboxing, judo, and karate. Fighters compete in an octagon, rather than a ring, and punch and kick and tackle with gloves much smaller than the bulky mitts in boxing and often without shoes.
- Bernice Napach at Daily Ticker17 days ago
How many tech companies does it take to build a working healthcare web site? Answer: Not the 47 hired for healthcare.gov, which has had massive technical problems despite months if not years of preparation.
Yet one company, Health Sherpa, has managed to create a working healthcare site in days-- and it can help people navigate HealthCare.gov. In fact, the federal government was so impressed with Health Sherpa it contacted the company and is now preparing to make it a broker that can sign people up for insurance under the Affordable Care Act, according to George Kalogeropoulos, one of Health Sherpa's three founders.
Related: Obamacare's Unintended Losers
- Bernice Napach at Daily Ticker21 days ago
Walmart (WMT) is coming under fire for shortchanging its own employees.
The Cleveland Plain Dealerreported that an Ohio Walmart held a holiday food drive for its own employees—news which actor/producer Ashton Kutcher publicized on Twitter, setting off a Twitter debate with the world’s largest employer.
OUR Walmart—the Organization United for Respect at Walmart—has announced plans for protests on Black Friday demanding better pay and working conditions for Walmart employees and an end to retaliation against activist workers. (The National Labor Relations Board this week accused Walmart of illegally firing workers for protesting against company policies)