Tuesday, August 18, 2015
Last Saturday an article on the New York Times blasts Amazon because of its working conditions in the company. Entitled "Inside Amazon: Wrestling Big Ideas in a Bruising Workplace" it exposed how the company pressured their employees with their “unreasonably high” standards. The report detailed the company's lack of empathy for employees' health-related issues. There were instances when employees that suffered from cancer, miscarriages and other personal crises said they had been evaluated unfairly or edged out rather than given time to recover. A woman employee who suffers with breast cancer was placed on "performance improvement plan" because personal issues were affecting her work.
And because of the backbreaking work and Amazon's penchant of extracting unreasonable work from their employees Amazon has expanded tremendously their campus is now a 10-million-square-foot with thousands of new workers. Amazon has also eclipsed Walmart as the most valuable retailer in the US at $250 billion and their CEO Jeff Bezos is the 5th wealthiest person in the world.
Bezos responded with a memo to Amazon employees defending the culture at the company and encouraging employees who heard of similar stories to contact him as well as human resources.
He said, "Even if it's rare or isolated, our tolerance for any such lack of empathy needs to be zero," "The people we hire here are the best of the best. You are recruited every day by other world-class companies, and you can work anywhere you want."
Sucharita Mulpuru-Kodali, an Amazon analyst with Forrester Research said that "most of the allegations sound consistent with things that former employees have told me about the company."
- Work work work work, corporations greedy goal to accumulate more money and wealth are turning people into stupid zombies with no life. We are not robots mr CEO.
Wednesday, August 5, 2015
According to a poll about U.S.-Japan relations conducted by Pew Research Center, Americans have a positive views of Japanese while the Japanese generally have negative views of Americans.
In the survey, people were asked five traits hardworking, inventive, honesty, intolerant, aggressive, and selfish. The results shows that Japanese people don't like Americans that well, while Americans do like Japanese.
What Americans think about Japanese people: hardworking 94%, inventive 75%, honest 71%, intolerant 36%, aggressive 31%, and selfish 19%.
How Japanese view the Americans: hardworking 25%, inventive 67%, honest 37%, intolerant 29%, aggressive 50%, and selfish 47%.
Sunday, July 19, 2015
Social Security Disability Insurance (SSDI) serves as a lifeline for about a million of workers and their families in the country. It gives insurance protection to workers and their families when they retire or in case of a serious, long-term disability.
The benefits of Social Security Disability Insurance is modest. Beneficiaries of it get about $42,000 on average, based in 2014 wage levels.
Qualification for Online Application for disability benefits:
- 18 years old or above
- You are not currently receiving benefits on your own Social Security record
- You are unable to work because of a medical condition that is expected to last at least 12 months or result in death: and
- You have not been denied disability benefits in the last 60 days. If your application was recently denied for medical reasons, the Internet Appeal is a starting point to request a review of the medical determination we made.
Here's How To Apply Online For Disability Benefits:
1. Print, review and gather the information needed in the Adult Disability Checklist.
2. Complete the Disability Benefit Application Online here.
- The date of your injury or illness;
- The amount and effective date of your current payment and all increases or decreases within the last 17 months or, if later, since payments began;
- if receiving workers' compensation, the type of payment (i.e., temporary partial, temporary total, permanent partial, permanent total, a lump sum or an annuity;
- The frequency of your payments (e.g. weekly, bi-weekly, monthly, bi-monthly, etc.) or the period covered by a lump sum;
- If benefits have already ended, the last day you were entitled to a payment and your last payment amount (if different than your regular payment amount);
- Your employer's name and address; and
- If other than your employer, the name and address of the insurance carrier making the payments.
Information About You
- Your date and place of birth and Social Security number
- The name, Social Security number and date of birth or age of your current spouse and any former spouse. You should also know the dates and places of marriage and dates of divorce or death (if appropriate)
- Names and dates of birth of your minor children
- Your bank or other financial institution's Routing Transit Number [more info] and the account number, if you want the benefits electronically deposited
- Name, address and phone number of someone we can contact who knows about your medical conditions and can help with your application
- Detailed information about your medical illnesses, injuries or conditions: Names, addresses, phone numbers, patient ID numbers and dates of treatment for all doctors, hospitals and clinics;
- Names of medicines you are taking and who prescribed them; and
- Names and dates of medical tests you have had and who sent you for them.
- The amount of money earned last year and this year
- The name and address of your employer(s) for this year and last year
- A copy of your Social Security Statement
- The beginning and ending dates of any active U.S. military service you had before 1968
- A list of the jobs (up to 5) that you had in the 15 years before you became unable to work and the dates you worked at those jobs
- Information about any workers' compensation, black lung, and/or similar benefits you filed, or intend to file for. These benefits can:
- Include annuities and lump sum payments that you received in the past;
- Be paid by your employer or your employer's insurance carrier, private agencies, or Federal, State or other government or public agencies; and
Be referred to as:
- Workers' Compensation;
- Black Lung Benefits;
- Longshore and Harbor Workers' Compensation;
- Civil Service (Disability) Retirement;
- Federal Employees' Retirement;
- Federal Employees' Compensation;
- State or local government disability insurance benefits; or
- Disability benefits from the military (This includes military retirement pensions based on disability but not Veterans' Administration (VA) benefits.)
Once they receive your online application, they will:
- Provide confirmation of your application- either electronically or by mail.
- Review the application.
- Contact you if we need more information or documentation.
- Inform you if other family members may be able to receive benefits on your record, or if you may be able to receive benefits on another person’s record, such as your spouse or your parent.
- Process your application.
- Mail their decision to you.
Friday, July 3, 2015
Health insurance company Aetna Inc is said to have struck a deal to purchase Humana Inc for about $37 billion, or roughly $230 per Humana share, in a cash-and-stock deal.
Humana shareholders will get $125 in cash and 0.8375 Aetna shares for each share held, an about 23% premium to the stock's closing price on Thursday. Following the deal, Aetna's shareholders would own about 74% of the combined company.
Once done the new company will boast more than 33 million members, and bring in estimated revenue of about $115 billion per year. 56% of the revenue will be from government-sponsored programs like Medicare.
Tuesday, June 30, 2015
24/7 Wall St. has listed the worst companies to work for. 24/7 Wall St. based their list from data on jobs and career website Glassdoor. They have compiled and analyzed data on more than 400,000 companies worldwide.
The average company rating on Glassdoor is 3.2 out of 5.
Here are the 12 U.S. companies that are worst for employees:
12. CVS Health (CVS) - Rating: 2.7
11. Computer Sciences Corporation (CSC) - Rating: 2.7
10. Dollar General (DG) - Rating: 2.7
9. Ross Stores (ROST) - Rating: 2.7
8. DISH Network (DISH) - Rating: 2.6
7. AECOM (NYSE:AECOM) - Rating: 2.6
6. Sears (SHLD) - Rating: 2.5
5. Xerox (XRX) - Rating: 2.5
4. Forever 21 - Rating: 2.5
3. Kmart (SHLD) - Rating: 2.5
2. Dillard’s (DDS) - Rating: 2.4
1. Express Scripts (ESRX) - Rating: 2.3
Thursday, June 25, 2015
The Asia-Pacific region has overtaken Europe in the area of private financial wealth in 2014. The Boston Consulting Group estimated that East and West Europe holds a private wealth of $42.5 trillion, while the Asia-Pacific (Japan not included) is growing at a fast pace and now holds $47.3 trillion. They are also expected to ave more than one-third of the $222 trillion global total by 2019.
Asia-Pacific (Japan not included) will surpass the North America's private financial wealth by 2016.
BCG's estimate of total financial wealth:
- North America: $50.8 trillion (+5.6%)
- Asian-Pacific (Japan not included): $47.3 trillion (+29%)
- Western Europe: $39.6 trillion (+6.6%)
- Japan: $14.3 trillion (+2%)
- Middle East and Africa: $5.7 trillion (+9.4%)
- Latin America: $3.7 trillion (+10.5%)
- Eastern Europe: $2.9 trillion (+18.8%)
Saturday, June 13, 2015
Los Angeles Mayor Eric Garcetti, with members of the City Council and community leaders in attendance, signed into law an ordinance that will slowly increase the minimum wage to $15 an hour by 2020 at Martin Luther King Jr. Park in Los Angeles, on Saturday, June 13, 2015. It makes the Los Angeles the largest city in the U.S. to gradually raise the minimum wage to $15 per hour.
With the law, Los Angeles minimum wage will increase gradually:
July 2016 - from $9 to $10.50
Then yearly increase of $12 (2017), $13.25 (2018), $14.25 (2019)and $15 (2020).
Small businesses and nonprofits organization will have an extra year to phase in the increases.
Saturday, June 6, 2015
For Arizona residents who purchase their own health insurance maybe in for a big surprise next year they are faced up to 27% rate increase. Health Insurance companies said that the increase reflect the higher medical expenses of their customers. They have filed the necessary paperwork with the state and federal regulators to increase the premiums by 11 to 27% for 15 individual plans sold on and off the Affordable Care Act marketplace.
The proposed rate hikes will not affect most Arizonans who get health insurance through an employer or a government-sponsored health plan such as Medicare, Medicaid or Veterans Affairs.
Full story here
Saturday, May 30, 2015
Health Insurance company Humana Inc is thinking of selling the company after it received multiple expressions of takeover interest, this could set off a round of mergers in the health care industry as it grapples with the hurdles and opportunities caused by the federal health-care overhaul.
Companies are pressured to cut costs and look for other ways to gain profit from the potential new customers because of the Affordable Care Act. Experts expected that big health insurance companies will merge to give them more opportunities to compete.
Humana is headquartered in Louisville, Kentucky. Majority of its income is from its business administering the private version of the federal Medicare program. The company prized because of its powerful Medicare franchise, which is on the uptrend as baby boomers age into eligibility and opt for these plans, known as Medicare Advantage.
Wednesday, May 20, 2015
The Los Angeles City Council voted last Tuesday 14-1 in favor of the $15 minimum wage increase, after they hear the statements of residents for and against the plan. There are about 700,000 people earning minimum wage in Los Angeles, the city also has the highest housing costs in the country. Los Angeles will be the 2nd largest city to increase the minimum wage to $15 from $9.
The measure will be sent to the city attorney to prepare a wage ordinance. That ordinance will then go to a council committee and if it get pass it will go to the full council for a final vote and then to Mayor Eric Garcetti.
This will require businesses with more than 25 employees to meet the $15 pay level by 2020, while smaller businesses would have an extra year to comply.