Word: earnings
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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...
...service has swung open the exit door for the nation's women. Today, about 8.7 million Filipinos - some 10% of the population - are registered with the government as overseas workers. Thousands of workers leave the country every day, and half of the new hires are women, flying off to earn salaries that are propping up the country. Last year alone, overseas workers sent home $17 billion in cash remittances, according to the World Bank. "Without the remittances, our economy will instantly collapse," says Dr. Honey Carandang, a clinical psychologist and professor at the University of the Philippines. "The whole country...
...comfortable home with high ceilings and a grassy yard out front. Sitting on the couch next to his mom, Magnus lets out a wheeze of concentration, his chubby thumbs flying on a video game, while Diaz wonders aloud whether she should move to Rome, where she can earn more money and join her husband who already works there. When Magnus first overheard her saying that her work permit had been approved, he asked, "If you leave, who will I eat ice cream with on the lawn?" The innocent question haunts her. "Simple, but ..." She finishes the sentence by miming...
...Harvard women’s soccer season was hanging in the balance this past weekend against Columbia. Win and the Crimson would earn a league championship and a berth into the NCAA tournament. Lose and the team’s year could be over. Given the stakes, Harvard needed one of its players to step up. The squad got just that, as junior Christina Hagner carried the Crimson to the Ivy League title and an automatic berth into the NCAA Championships. In an all-or-nothing game, Hagner controlled the offensive attack from her forward position. She created opportunities...
...world - to do more spending of their own. The package proposes to do this by, among other things, cutting taxes and abolishing existing limits on commercial banks' credit-lending. The plan also advances the government's oft stated desire to improve living conditions in the countryside, where residents earn about a third of what urbanites pull in - a situation Beijing rightly considers a threat to the country's social stability...