Sep 26, 2013, 12:02 pm EST
A new rule applied to Army Regulation 670-1, which contains rules concerning wear and appearance of Army uniforms and insignia, will ban soldiers from getting tattoos on certain parts of the body.
The new rule was announced to soldiers at bases in Afghanistan by Sgt. Maj. of the Army Raymond Chandler. He told troops that the rule only needs to be signed by Secretary of the Army John McHugh before it is official. The new rule will limit soldiers in the Army from having tattoos that show below the elbows and knees or above the neckline. Soldiers who already have tattoos in these areas won’t be affected by the change. When the rule is made official, troops will have to “self-identify” tattoos with a unit leader. No other unit of the military will be affected by the new rule, which is expected to be put into place in the next 30 to 60 days, reports ABC News.
Other new rules that will apply to Army Regulation 670-1 will cover regulations for make-up, fingernail polish, hair styles, body piercings, and the length of sideburns. Read
Sep 25, 2013, 1:54 pm EST
A computer glitch has caused 80,000 California citizens to miss out on unemployment checks until the problem is fixed.
Los Angeles Times reports that the unexpected mishap has delayed the checks that these jobless Californians need to pay their bills. The Employment Development Department was upgrading its system over Labor Day weekend to help process payments quicker but the opposite of this has happened. Read
Sep 25, 2013, 1:40 pm EST
The U.S. Treasury may run out of money soon unless the Congress lifts its debt limit soon.
The New York Times reports that the Treasury has set Oct. 17 as the deadline for when money could run out and the U.S. would be forced to delay certain payments. The Treasury will only have $30 billion of cash by then and chances are that the money going out could end up being more than the amount of money coming in plus cash.
Financial analysts believe that if the U.S. runs out of money, the market could suffer greatly as a result. If this happens, federal borrowing costs will be more expensive, the recovery will slow down and markets around the world will be destabilized. The Treasury makes about 80 million payments every month and it’s expected that 30% of those payments will be delayed after Oct. 17 unless Congress raises the debt ceiling. Read
Sep 25, 2013, 1:27 pm EST
The U. S. Postal Service is in trouble due to the sharp decline in stamp sales that’s taken place in recent years.
Reuters reports that USPS is hiring Faith Popcorn’s Brain Reserve – a futurist marketing consultancy – to provide “analysis and recommendation on the future of stamps.” The postal service is paying $565,769 to the consultancy to help them figure out how to get back to making money from stamps. USPS is currently losing about $25 million a day due to the rise of online communication.
The company expects its first-class mail to suffer a 40.5% decline from 84 billion pieces in 2009 to 50 billion in 2020. Stamped mail makes up about 43% of the USPS’s total revenue. Read
Sep 25, 2013, 10:29 am EST
A new report has found that a single trader who lost millions to an online trading site betting Mitt Romney would win the 2012 election may have also gave the appearance the race was closer than it was.
Buzzfeed today reports that in the fall of 2012, one unidentified millionaire lost “at least $4 million” on a bet that Mitt Romney would become president over Barack Obama.
The findings are from research by Microsoft’s David Rothschild and Columbia’s Rajiv Sethi, who studied trading patterns on the now-illegal InTrade.com, which allowed speculators to bet on all sort of activities, including elections. Read
Sep 25, 2013, 10:00 am EST
Americans can expect to pay an average of $328 a month for a mid-tier Obamacare insurance plan.
The price of these plans can be lowered through tax credits, which work as an upfront discount. A report by the Health and Human Services estimates that 95% of consumers will have at least two health insurance providers to chose from. There are four levels of insurance coverage: bronze, silver, gold and platinum. The different levels each cover a percentage of expected cost, ranging from 60% to 90% depending on the plan. The average doesn’t mean that’s what everyone will pay. Factors such as location, family size, age and the type of plan chosen can all affect the price of insurance. An individual in Minnesota will pay an average of $192 a month for a silver plan, but an individual in Wyoming will pay an average of $516 for the same plan, reports the Associated Press.
Health insurers including UnitedHealth (UNH), Aetna (AET), WellPoint (WLP) and Humana (HUM) will all sell plans on some of the exchanges. Molina Healthcare (MOH), which focuses on Medicaid, will also have a part to play in the exchanges, reports Reuters. Read