Word: annualized
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...savings, many businesses are looking hard at 401(k) plans. Companies typically match 50% to 100% of an employee's 401(k) contribution, up to 6% of his or her annual salary. That translates into a cost of $1,500 to $3,000 for each employee who earns $50,000. For those who are single and earn more than $100,000, matching 401(k) contributions can cost a company $6,000, as much as health insurance might. And employees are less likely to object when 401(k) contributions get trimmed. "The pain is further away," says Edholm. "A 45-year...
...have knowledge of wealth," says Sebastian Dovey, managing partner at Scorpio Partnership, which in August helped Swiss bank UBS roll out Dialogue, a new financial-education service. But having money and being savvy about it are "not directly linked," he says. Another such program is Citi Private Bank's annual NextGen conference, which has been held in Singapore and Hong Kong since 2003. Each year, the bank sends invitations to the adult children of clients whose net worth exceeds $10 million. Participants attend investment seminars, play finance-related games and take part in team-building and social events...
...these generators to our knees we could produce five watts of power as we walk [Nov. 10]. Doing this for a little more than an hour a day would generate two kilowatt hours in a year. That would represent a saving of about 17 cents on an annual power bill. As my own bill exceeds $1000, such a tiny "saving" is amusing to contemplate. It is less amusing when we recognize that energy is needed to make this device. I estimate that refining the metal, manufacturing the components and delivering them to the consumer would require about 20 kilowatt hours...
...month semester, WGU charges a sixth of the average annual tab at private four-year colleges and half as much as an online for-profit like the University of Phoenix, a mega virtual school that has some 200,000 students. And WGU lets you take as many courses as you can fit in a semester, which means some students are able to finish an undergraduate degree in as little as two years. "Before WGU, I would have had to drive almost two hours to Richmond," says Sandy Newsome, a teacher in rural Virginia who is getting her master...
...just about equality anymore. A country's economy, health and productivity increase as its gender gap narrows, according to the authors of this study published by the World Economic Forum, the Swiss non-profit that hosts an annual meeting in Davos of world political and business leaders. The study was co-authored by researchers from Harvard and University of California-Berkeley and surveys conditions for the sexes in 130 countries, encompassing more than 90% of the world's population. Nations are scored on how much progress they've made in the areas of jobs, education, politics and health...