Apr 23, 2014, 12:03 pm EDT
The Internal Revenue Service (IRS) gave $1.1 million in bonuses to employees with back taxes.
According to an inspector general’s report, the IRS gave out the $1.1 million in bonuses in a two-year period to over 1,100 employees that owed back taxes. These same employees also received pay increases at a faster rate than what is normal and 10,000 hours of additional time off, reports The Los Angeles Times.
The 1,100 employees that owed back taxes were part of a group of 2,800 IRS employees that were disciplined and then received bonuses not even a year later. The inspector general that filed the report has advised the IRS to make a policy change that would affect how bonuses are handed out to employees that have back taxes, L.A. Times notes. Read
Apr 18, 2014, 9:57 am EDT
With Obamacare enrollment now at 8 million, President Barack Obama said the partisan debate over the controversial healthcare law should finally come to a close.
The Obama administration’s original target for health coverage on the government-run exchanges was 7 million enrollees — for the first year of the mandate for individuals to carry insurance.
The Affordable Care Act — dubbed Obamacare by the GOP — has produced the largest increase in healthcare coverage that the United States has seen since Medicare and Medicaid were rolled out. Read
Apr 18, 2014, 9:55 am EDT
If you blinked, you probably missed the tenure of Mozilla CEO Brendan Eich, who took the helm of the software group March 24, then resigned less than two weeks later. The quick ouster was prompted by protests from several company staffers, as well as dating site OKCupid, over the fact that Eich had made a $1,000 donation to support California’s Proposition 8 a few years ago.
For those who don’t remember, Prop 8 was the state’s controversial ballot initiative to banned same-sex marriage.
However, rather than get into the topic of gay marriage, I’m actually more interested in what this case and others say about the politics of senior management of various companies, public and private. Read
Apr 16, 2014, 5:00 pm EDT
Former New York Mayor Michael Bloomberg is looking to spend a hefty sum to fight the National Rifle Association (NRA).
He is looking to spend $50 million and build a grassroots network in an attempt to pass stricter gun control laws. Mayor Bloomberg wants to create an expanded and more thorough background check system for gun buyers on a state and national level.
He will absorb the funds of the group which will be called Everytown for Gun Safety. The group is an umbrella group of Mayors Against Illegal Guns and Moms Demand Action for Gun Sense in America. Read
Apr 16, 2014, 10:30 am EDT
A new study has shown that the effects of smoking marijuana include brain changes in areas associated with motivation and emotion.
The study is reportedly the first to study even light marijuana use.
“Some of these people only used marijuana to get high once or twice a week,” said co-author Hans Breiter as quoted in Northwestern University’s Science Newsline. “People think a little recreational use shouldn’t cause a problem, if someone is doing OK with work or school. Our data directly says this is not the case.” Read
Apr 16, 2014, 9:58 am EDT
A recent study conducted by HR&A for the Ultimate Fighting Championship (UFC) league has found that mixed-martial arts (MMA) could bring $67 million a year to New York.
The UFC study looked at attendance levels in Ohio, California, New Jersey and Canada to make an estimate as to how many would attend events in New York. The report claims that half of the money coming to New York would be from people living out of state that would come to see the MMA fights, reports Capital New York.
New York is currently the only state in America that has a ban on UFC and MMA fights. Lawmakers banned the events in 1997 because they were too violent. If the ban is lifted, there could be as many as 70 professional MMA fights a year in the state, Capital New York notes. Read