Worst companies for Employees

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

Asia Pacific Overtake Europe in Wealth and is Expected to Hold 1/3 of Global Wealth in 2019

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:

1. North America: $50.8 trillion (+5.6%)
2. Asian-Pacific (Japan not included): $47.3 trillion (+29%)
3. Western Europe: $39.6 trillion (+6.6%)
4. Japan: $14.3 trillion (+2%)
5. Middle East and Africa: $5.7 trillion (+9.4%)
6. Latin America: $3.7 trillion (+10.5%)
7. Eastern Europe: $2.9 trillion (+18.8%)

Los Angeles increase minimum wage to $15 per hour

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.

Brace Yourself Health Insurance Companies are Seeking Rate Increases up to 27%

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