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How Much Should You Save for Retirement? ~ via @Time

How Much Should You Save for Retirement? ~ via @Time | Business News & Finance | Scoop.it

It’s one of the toughest financial questions to answer: How much do you need to save for retirement? Save too little and you might find yourself working at McDonald's during “retirement” — or living with your son-in-law. Save too much, though, and you’ll end up sacrificing the good life today for an uncertain tomorrow.

If you listen to many financial planners (or trust most online retirement calculators), you need to replace 70% or more of your pre-retirement income in order to maintain your current lifestyle. But basing your retirement needs on income is like basing your fuel needs on the size of your car’s gas tank. What really matters is how far you have to go and what kind of gas mileage you get.

To get a better idea of how much you should save, base your projections on your current spending patterns. Your spending reflects your lifestyle; your income doesn’t.

 

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What you should take away from Wal-Mart’s results

What you should take away from Wal-Mart’s results | Business News & Finance | Scoop.it
Despite the equity markets near record highs and other positive economic news, retail giant Wal-Mart Stores Inc.'s results and forecast on Thursday suggest there remain plenty of pressures facing global consumers.
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TEDxDelrayBeach inspires, spreads innovative ideas

TEDxDelrayBeach inspires, spreads innovative ideas | Business News & Finance | Scoop.it
When great minds get together, their ideas are contagious. Just ask the nearly 400 people who attended the first TEDxDelray Beach event Friday at the Crest Theater, where more than two dozen speakers took the stage to inspire with their ideas and innovations.
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DEA: Warning letters to 11 pot dispensaries don’t signal war on state law

DEA: Warning letters to 11 pot dispensaries don’t signal war on state law | Business News & Finance | Scoop.it
The federal Drug Enforcement Administration sent cease-and-desist letters to 11 medical-marijuana dispensaries but maintains that the crackdown does not signal a federal war on Washington state’s new legal-pot law.
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Q&A with Daniel L. Cane, CEO and cofounder of Modernizing Medicine - The Boardroom Brief

Q&A with Daniel L. Cane, CEO and cofounder of Modernizing Medicine - The Boardroom Brief | Business News & Finance | Scoop.it
Daniel Cane is president and CEO of Modernizing Medicine Inc., based in Boca Raton.
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Networks agree not to tip picks during 2013 NFL Draft

Networks agree not to tip picks during 2013 NFL Draft | Business News & Finance | Scoop.it
A trend that started in 2012 has become an annual tradition at the NFL draft as NFL Network and ESPN agree not to "tip" draft selections via Twitter before they are announced on television.
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Eight ways Google Universal Analytics will change the way businesses use data

Eight ways Google Universal Analytics will change the way businesses use data | Business News & Finance | Scoop.it
Universal Analytics is the next iteration of Google Analytics, and last month it launched into public beta. Universal Analytics is a completely new version of the Analytics tracking code, and it’s also a completely new way of looking at how we track and analyse our users. In short, it’s going to change everything. The main difference with Universal Analytics is that it tracks much, much more than just visits to a website. The Google Analytics that we all know and love is based on an older analytics product called Urchin, which Google bought in 2005 and was initially created in 1998. It’s come a long way since then, and we’ve been able to do some sophisticated stuff with it, but it’s only designed to track visits to a website.
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The Center for Consumer Information and Insurance Oversight and the Implementation of the Patient Protection and Affordable Care Act | Energy & Commerce Committee

The Center for Consumer Information and Insurance Oversight and the Implementation of the Patient Protection and Affordable Care Act | Energy & Commerce Committee | Business News & Finance | Scoop.it
Wednesday, April 24, 2013 - 10:00am Oversight and Investigations 2123 Rayburn Background Documents and Information: 

 

Hearing Notice

 

Background Memo

 Witnesses: 

Mr. Gary Cohen

Director

Center for Consumer Information and Insurance Oversight

Witness Testimony (Truth in Testimony and CV)

 Congress: 113th
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Stocks Plunge, Quickly Recover, on Fake Tweet

Stocks Plunge, Quickly Recover, on Fake Tweet | Business News & Finance | Scoop.it
The Dow Jones Industrial Average plunged within minutes early this afternoon, after somebody hacked an AP Twitter account and posted a bogus tweet saying the White House had been attacked.
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Bitcoin Magazine Hires Elizabeth Ploshay for Communications | Bitcoin Magazine

Bitcoin Magazine Hires Elizabeth Ploshay for Communications | Bitcoin Magazine | Business News & Finance | Scoop.it
Bitcoin Magazine is pleased to add Miss Elizabeth Ploshay to our team as Manager of Communications. Elizabeth has worked on Capitol Hill in Washington as a Legislative Correspondent and Scheduler, and she is excited to do more work involving Bitcoin. She will take over the responsibility of handling Customer Support and Advertising. We hope to expand her role in the near future to have her contribute more to the magazine and our content! Here is a brief introduction by Elizabeth:
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GOOGLE BUYING $39M FIBER SERVICE IN UTAH FOR $

GOOGLE BUYING $39M FIBER SERVICE IN UTAH FOR $ | Business News & Finance | Scoop.it

SALT LAKE CITY (AP) -- Google Inc. will pay $1 for a municipal fiber-optic system that cost $39 million to build, according to terms of the Internet company's agreement with Provo.

 

The deal is widely expected to be approved Tuesday by the City Council, making Provo the third city selected by Google for high-speed Internet and television service.

 

Google is already operating a fiber-optic system in Kansas City, Mo., and earlier this month it selected Austin, Texas, as a second candidate.

In Provo, a city of 115,000 about 45 miles south of Salt Lake City, Google is making its first plans to take over an existing fiber system and will start operating it long before it can build the service for Austin.

 

Even as Google takes ownership of the municipal network, Provo will have to pay off loans for its construction for another dozen years, according to agreements released Thursday by city officials.

 

For nearly as many years, households have been paying $5.35 a month on their utility bills for a system that provides Internet, television and phone service - whether they use it or not.

 

But Provo officials say Google's deal is a good one for the city and its residents because the system hasn't been able to support itself. Google Fiber will offer residents something in return for the utility fee - basic Internet service at no charge if they pay a $30 hookup fee.

 

That's far less than the current $700 activation fee.  

 

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Gold loan companies feel the heat as prices continue to fall - Indian Express

Gold loan companies feel the heat as prices continue to fall - Indian Express | Business News & Finance | Scoop.it
Gold loan companies feel the heat as prices continue to fall - As gold prices continue to fall, gold loan companies could find the going increasingly difficult.
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Committee Unanimously Approves Legislation to Advance Internet Freedom | Energy & Commerce Committee

Committee Unanimously Approves Legislation to Advance Internet Freedom | Energy & Commerce Committee | Business News & Finance | Scoop.it

April 17, 2013 Bipartisan Agreement Shows Strong, United Support for Multi-Stakeholder Model

 

WASHINGTON, DC – The Energy and Commerce Committee, chaired by Rep. Fred Upton (R-MI), today unanimously approved bipartisan legislation to affirm the policy of the United States regarding Internet governance. The legislation (H.R. 1580), which was approved by voice vote, will promote a global Internet managed under the current multi-stakeholder governance model. Last Congress, a similar measure unanimously passed the House and Senate. In light of continued international efforts to regulate the Internet, members voted today to make it official U.S policy rather than merely a sense of the Congress.

“Last Congress, both chambers passed a resolution directing our delegation at the World Conference on International Telecommunications ‘to promote a global Internet free from government control.’ That resolution helped unite the United States and more than 50 other countries in opposing treaty proposals that would subject the Internet to regulation at the hands of a United Nations agency and facilitate Internet censorship by foreign governments. Such threats unfortunately continue to grow,” said Chairman Upton. “This is an important step in showing our nation’s resolve and it will send an important signal to the international community.”

“Under the multi-stakeholder governance model, non-regulatory institutions manage and operate the Internet by developing best practices with public and private sector input. Governments’ hands-off approach has enabled the Internet to grow at an astonishing pace and become perhaps the most powerful engine of social and economic freedom and job creation the world has ever known,” added Communications and Technology Subcommittee Chairman Greg Walden (R-OR).

Walden concluded, “By elevating this language from a resolution to U.S. policy, this bill will show our country’s resolve to oppose efforts by authoritarian regimes to subvert the Internet for their own purposes, and I hope to encourage other nations to join our cause.”

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Docs Reveal FDA Should Have Acted Sooner to Prevent Meningitis Outbreak - Stage Set for Tuesday Hearing with FDA Commissioner | Energy & Commerce Committee

Docs Reveal FDA Should Have Acted Sooner to Prevent Meningitis Outbreak - Stage Set for Tuesday Hearing with FDA Commissioner | Energy & Commerce Committee | Business News & Finance | Scoop.it
 April 15, 2013  

WASHINGTON, DC – House Energy and Commerce Committee Chairman Fred Upton (R-MI) and Oversight and Investigations Subcommittee Chairman Tim Murphy (R-PA) today outlined the subcommittee’s focus for the panel’s Tuesday hearing to examine the deadly meningitis outbreak, which has resulted in 53 deaths and over 700 individuals sickened. FDA Commissioner Margaret Hamburg will provide testimony – she previously appearedbefore the Oversight and Investigations Subcommittee last November when the death toll stood at 32. The committee launched its investigation into the deadly outbreak in early October 2012, but the FDA did not begin to fully cooperate until March 2013, after the committee had announced it was considering a subpoena for FDA’s documents.

“We now understand why FDA was so reluctant in cooperating in our investigation and withheld the documents and information for months until we threatened to issue a subpoena. We know the actions of NECC and Ameridose led to 53 tragic and unnecessary deaths, and we know the FDA had ample opportunity to intervene before those tainted vials were ever distributed, but they did not do so,” said Upton and Murphy. “We must learn from FDA’s mistakes of the past to ensure a similar public health disaster is not repeated. We owe it to the families who lost loved ones and those hundreds of Americans who are still sick and suffering who may never return to leading normal, healthy lives.”

The documents produced by FDA establish the following facts about the agency’s history with NECC and its sister company, Ameridose:

FDA has known for years that NECC and Ameridose were significantly engaged in drug manufacturing activities and operating well outside the bounds of traditional pharmacy compounding.FDA has also received a litany of complaints about NECC and Ameridose, a number of which directly involved the safety and sterility of the companies’ products.Information received by FDA about NECC and Ameridose, including complaints about the safety and sterility of their products, was not shared with state regulators.

Learn more about the committee's ongoing investigation here.

More information on Tuesday's hearing, "A Continuing Investigation into the Fungal Meningitis Outbreak and Whether It Could Have Been Prevented," can be found here.

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You can spend bitcoins at your local mall

You can spend bitcoins at your local mall | Business News & Finance | Scoop.it
Virtual currency Bitcoin is gaining acceptance at a growing number of retailers nationwide, but are consumers actually paying with it?
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Luxurious Trump SoHo condo being sold for 24,700 BITCOINS (that’s $1.9 million) 

Luxurious Trump SoHo condo being sold for 24,700 BITCOINS (that’s $1.9 million)  | Business News & Finance | Scoop.it
A luxury condo in the Trump SoHo Hotel is being sold by an anonymous owner for around 24,700 Bitcoins, or $1.9 million. That’s by far the biggest-ticket item ever offered for sale in the virtual currency.
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Escape From Vietnam

Escape From Vietnam | Business News & Finance | Scoop.it
On April 30, 1975, the Vietnam War officially ended with the fall of Saigon to Communist forces.
Tonya Scholz's insight:

I always feels so grateful on this day!

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Killing Your Television: Inside Alloy Digital's Latest Acquisition

Killing Your Television: Inside Alloy Digital's Latest Acquisition | Business News & Finance | Scoop.it
Matt Diamond, CEO of Alloy Digital. Alloy Digital’s recent acquisition of Digital Broadcasting Group brings the two online media companies up to around 80 million unique viewers per month.
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In the wired world, feeds drive trading

In the wired world, feeds drive trading | Business News & Finance | Scoop.it

When the words “explosions” and “White House” popped up Tuesday on a verified Associated Press Twitter account, computers in the bare-bones offices of a New York City startup sprang into action.

 

The computers, housed in the Madison Avenue headquarters of a company called Dataminr, sent alerts to clients like hedge funds and government agencies about the apparent news. Shortly thereafter, the Dow Jones Industrial Average DJIA +0.58% tumbled 145 points in seconds.

But the machines weren’t fooled: Before the AP announced that the tweet was a hoax—its account had been hacked—Dataminr’s computers generated a fresh alert saying the news may not be legitimate.

Moments later, shares rebounded across the board, and the blue-chip index ended the day with gains greater than before the incident.

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Securing Our Nation's Prescription Drug Supply Chain | Energy & Commerce Committee

Securing Our Nation's Prescription Drug Supply Chain | Energy & Commerce Committee | Business News & Finance | Scoop.it
Thursday, April 25, 2013 - 10:00amHealth2322 RayburnBackground Documents and Information: 

Hearing Notice

Discussion Draft

Background Memo

Witnesses: 

Panel I

 

Janet Woodcock, M.D.

DirectorCenter for Drug Evaluation and ResearchFood and Drug Administration (FDA)

Panel II

 

Elizabeth A. Gallenagh, J.D.

Vice President, Government Affairs and General CounselHealthcare Distribution Management Association

Christine M. Simmon

Senior Vice President, Policy & Strategic AlliancesGeneric Pharmaceutical Association

Michael Rose

Vice PresidentSupply Chain VisibilityJohnson and Johnson Health Care Systems, Inc.

Tim Davis, PharmD.

Owner, Beaver Health Mart PharmacyOn behalf of:National Community Pharmacists Association

Allan Coukell

DirectorMedical ProgramsPew Health Group, The Pew Charitable Trusts

Carmen A. Catizone, MS, RPh, DPh,

Executive Director and SecretaryNational Association of Boards of PharmacyCongress: 113th
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NFL player says Florida should have gay marriage

NFL player says Florida should have gay marriage | Business News & Finance | Scoop.it
Another sign of the culture’s rapidly changing views on the issue of same-sex marriage came Tuesday with a push for gay marriage in Florida – from Brendon Ayanbadejo , who was a linebacker for the Super Bowl champion Baltimore Ravens .
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The Mad Billionaire Behind GoPro: The World's Hottest Camera Company - Forbes

The Mad Billionaire Behind GoPro: The World's Hottest Camera Company - Forbes | Business News & Finance | Scoop.it
GoPro's Nick Woodman lived to surf and take photos doing it. It's a reminder of the most powerful model in business: do what you love.
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Pentagon Discloses Budget for Hacking Operations

Pentagon Discloses Budget for Hacking Operations | Business News & Finance | Scoop.it
The Pentagon has for the first time detailed $30 million in spending on Air Force cyberattack operations and significant new Army funding and staff needs for exploiting opponent...
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MIAMI, Fla., April 10, 2013: Patients Honor Dr. Roselind Bardisa for Compassion - Medical - MiamiHerald.com

MIAMI, Fla., April 10, 2013: Patients Honor Dr. Roselind Bardisa for Compassion - Medical - MiamiHerald.com | Business News & Finance | Scoop.it

MIAMI, Fla., April 10, 2013 -- Dr. Roselind Bardisa of Miami, FL is ranked among the top physicians in the nation based on patient reviews.

MIAMI, Fla., April 10, 2013 /PRNewswire-USNewswire/ -- Patients' Choice has announced that Dr. Roselind Bardisa was one of a select few physicians honored with the prestigious 2012 Compassionate Doctor Certification.

(Photo: http://photos.prnewswire.com/prnh/20130410/DC92350)

Each year, nearly 100 million patients across the U.S. access websites like Vitals, UCompareHealthCare, and Patients' Choice to provide feedback about experiences with their physicians.

Only those physicians with near perfect overall and bedside manner scores, as voted by their patients, are selected for the Compassionate Doctor recognition. Of the nation's 870,000 active physicians, only 3% were accorded this honor in 2012.

The Compassionate Doctor certification is part of the Patients' Choice recognition program, where patients rate and vote for their favorite doctors.

Dr. Roselind Bardisa commented on the recognition: "This is quite an honor for me. I am very pleased to have been selected and grateful to my patients who went out of their way to rate me and give me positive reviews."

About Roselind Bardisa: a short profile by and about the honoree:

Dr. Roselind H. Bardisa is board certified in Family Medicine and Anti- Aging Medicine. She has been practicing medicine for over 15 years and specializes in preventative medicine, nutrition and fitness. Her approach to each patient includes Weight Loss, Bioidentical Hormone Replacement and performs aesthetic procedures like Botox to help her patients "Live Younger Longer". She has given numerous lectures in the field and has appeared as a medical expert on various international radio and TV shows.


Read more here: http://www.miamiherald.com/2013/04/10/3335859/patients-honor-dr-roselind-bardisa.html#storylink=cpy
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Fertilizer Plant Explosion In Texas Injures Dozens

Fertilizer Plant Explosion In Texas Injures Dozens | Business News & Finance | Scoop.it
WEST, Texas — A spokesman for the Texas Department of Public Safety says an unknown number of people were killed in a massive explosion at a fertilizer plant near Waco. D.L.
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Investigation Into Fungal Meningitis Outbreak | Energy & Commerce Committee

Investigation Into Fungal Meningitis Outbreak | Energy & Commerce Committee | Business News & Finance | Scoop.it
 

On October 4, 2012, the Center for Disease Control announced an outbreak of fungal meningitis had been linked to tainted steroid injections produced by the New England Compounding Center. The Energy and Commerce Committee, on a bipartisan basis, quickly initiated an investigation, seeking briefings and documents from the Food and Drug Administration, the Centers for Diseases Control and Prevention, and the Massachusetts Board of Registration in Pharmacy. The investigation into the circumstances of the drug contamination continues.

This page contains information related to the investigation, and will be updated regularly as new information comes to light.

As of April 13, more than 700 people have been sickened and 53 people have been killed by the outbreak.

Documents

To read the background memo for the 4/16/13 hearing click here.To read the background memo for the 11/14/12 hearing click here.To read the January 2006 Consent Agreement between Massachusetts Board of Pharmacy and NECC click here.

Hearing

November 14, 2012: The Fungal Meningitis Outbreak: Could It Have Been Prevented?

News Reports

The TODAY Show Previews Committee's Hearing on Deadly Meningitis Outbreak. Watch here.CBS Evenings News discusses the fungal meningitis outbreak. Watch here.

Letters

December 7, 2012 Letter to the International Academy of Compounding PharmacistsNovember 19, 2012 Letter to Margaret A. Hamburg, M.D. Commissioner, U.S. Food and Drug AdministrationOctober 22, 2012 Letter to Barry Cadden, President, Co-Owner and Director of Pharmacy New Engand Compounding CenterOctober 22, 2012 Letter to NECC's counsel Mr. Paul CirelOctober 17, 2012 Letter to Margaret A. Hamburg, M.D. Commissioner, U.S. Food and Drug AdministrationOctober 12, 2012 Letter to Massachusetts Board of Registration in PharmacyOctober 11, 2012 Letter to Barry Cadden, President, Co-Owner and Director of Pharmacy New England Compounding CenterOctober 9, 2012 Letter to Margaret A. Hamburg, M.D. Commissioner, U.S. Food and Drug AdministrationOctober 9, 2012 Letter to Centers for Disease Control and PreventionFebruary 1, 2013 Letter to Margaret A. Hamburg, M.D. Commissioner, U.S. Food and Drug Administration
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