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Thursday, 24 March 2016

The Jobs With the Highest Gender Pay Gaps - By Sarah Grant


It's hard to argue that women don't take some kind of salary penalty—most studies have found some gap between what the genders earn—but in some fields, women are at a particular disadvantage, new research shows.
A report released on Wednesday by salary website Glassdoor found that that women are paid, on average, five cents less on the dollar than men in the same position who are equally qualified and work at the same company. The study, which analyzed 505,000 salary reports from full-time employees in 25 industries, adjusted for such factors as age, experience, company, state, industry, level of education, and job title. Female computer scientists endure the largest gap, at 28 percent.
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Many women may have no idea that they're earning less than the guy at the next desk. "Money is considered the final frontier of shame," said Sallie Krawcheck, chief executive officer and co-founder of Ellevest, a digital advisor for women. "People are often reticent to talk about how much they make and how they invest,  and that can lead to women not realizing how big the wage gap actually is." Women may undervalue their education in salary negotiations, said Andrew Chamberlain, chief economist at Glassdoor. "We're moving toward a workforce where women are better educated than men, on average, and if women don't fully understand the value of their degree, they may not be asking for what they deserve."
Jobs with wide pay gaps are common in health care: Women who are dentists, physicians, psychologists, pharmacists, medical technicians, and opticians see a difference in pay from their male colleagues that ranges from 14 percent to 28 percent.

In 2015, California passed California Fair Pay Act to ameliorate the pay gap in that state by mandating that male and female employees who do "substantially similar" work be paid the same. In this light, the bill gives power to employees who feel their compensation reflects workplace discrimination. Such laws serve a twofold purpose, said Dawn Lyon, Glassdoor's vice president of corporate affairs: They expose the wage gap and help women renegotiate their salaries as labor market conditions and experience levels change.
The job role with the smallest gender wage gap is event coordinator, with 0.2 percent higher average male pay. Some occupations, including social worker, communications associate, social media representative, and research assistant, even swing in the other direction, with women earning marginally more than men.

Krawcheck suggests women overcome that discomfort about asking for a raise. "Getting to his dollar represents a 30 percent or more increase in our pay," she said, referring to the Bureau of Labor Statistics' estimate of the wage gap. "If you make $85,000 a year and get the raise to men’s level, that adds up to $1.7 million over the course of 30 years. That’s worth the short-term stress." 
An earlier version of this story was published, in error, with editor's notes.
Culled from Bloomberg.com
Posted by reginald odunze at 06:51 No comments:
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Wednesday, 23 March 2016

3 social media money scams you need to watch out for-By Jeanie Ahn


 
Whether we “like” it or not, more and more of our parents are joining us on social media. Many of them are signing up to monitor our status updates, but before you block them you might want to warn them about the latest social media money scams. “The most vulnerable are those 50+ for these social media online scams,” says AARP’s outreach director, Maggie Castro-Stevens. She joined us in our studios to highlight some of the latest you need to watch out for.

Coupon scams

Each year there are 300 billion fake coupons mocked up to trick you into clicking. On Facebook you might’ve seen a $200 Nordstrom gift card  or a $100 coupon from Lowe’s. The coupons look legitimate because they’re mocked up with official logos and professional graphics.

“It’s unlikely that businesses offer coupons for triple-digit savings, free vacations -- and a sure bet that if they do, it won’t be on social media,” says Castro-Stevens.

The scammers will often prompt you to pass the fake coupon to your friends, ask you to enter your personal information, or even purchase the coupon. But beware that clicking the link to redeem the discount could lead to identity fraud or malware on your computer.

How can you tell what’s real and what’s not? If an online coupon is legit, it will likely be living on the company’s website. Also try searching for the coupon online with the word “scam” and see what comes up, says Castro-Stevens. The AARP’s fraud network also recommends checking the Coupon Information Center for a running list of fake coupons.

Facebook profile viewer tracking

Want to see if your ex, your boss, or your frenemy has been checking your profile? Well, that’s what fraudsters are banking on for this scam. But unlike LinkedIn, there is no program or premium you can pay to track your audience. In fact, this is completely against Facebook’s policy and its website specifically states: “If you come across an app that says it can show you who’s viewing your profile or posts, please report the app.” Clicking on this link can lead you to a page that asks you to enter your personal information, or even download malware onto your computer. Depending on what you download, the scammers can use the information to steal from not only you, but your friends, too.

Phishing emails about closed accounts

When scammers are phishing, they pose as a legitimate company in an attempt to get your personal information or your password. In this scam, you’ll get an email that looks like it’s been sent by a social media platform like Twitter with a message alert that says you need to reactivate your account because it’s been cancelled or closed. In order to reinstate your account, it will direct you to click on a link or download an attachment. Doing so can result in malware or you may be compromising the security of other personal accounts where you use the same login.

AARP recommends you delete an email like that right away and check the official support page of the social media platform where you think your account may have been compromised. Reach out directly to find out if something is amiss.


Culled from yahoo finance
Posted by reginald odunze at 06:39 No comments:
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Tuesday, 22 March 2016

It’s Time to Rethink the Bucket-List Retirement-By Marc E. Agronin



In the search for the next big adventure, retirees are too often missing out on the most fulfilling aspects of later life




Retiring abroad
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For many seniors, the bucket list has become the ultimate celebration of aging.
Healthier, heartier and richer than generations of retirees before them, they’re spending their golden years chasing once-in-a-lifetime adventures—sky diving from 13,000 feet, hiking the Great Wall of China, swimming with sharks or skiing the Andes. For them, it’s the chance to do things they put off for years while working and caring for family, and to make the most of the moments they have remaining.
What’s not to love about a life of dream vacations and big thrills?
Unfortunately, quite a bit.
As a therapist, I’ve talked to numerous seniors as both patients and colleagues. Rather than feeling exhilarated by a life of bucket-list adventures, they often end up feeling depressed and disconnected.
As they travel the world to soak up experiences, too many seniors inevitably lose track of what really matters—their connections to family, friends and community. They feel like strangers in their own homes. Eventually, the bucket list becomes something of an addiction: The high from an adventure doesn’t last, so seniors find themselves piling on experiences to keep the thrills coming, further alienating them from real life back home.
There’s a way out of this trap. Retirees should think about using all of the advantages that make a bucket list possible, such as wealth and vigor, to build something much deeper and more meaningful. Instead of taking a dream vacation to chase fleeting thrills, they should use their time to create something more lasting instead—whether that means building bonds with family or their community or reimagining travel adventures as an opportunity to share experiences and wisdom with grandchildren.
The explorer comes home
All of this can be seen in the tale of a patient of mine, whom I’ll call Dora to protect her identity.
She and her husband spent several months and considerable treasure each year after retirement traveling to a bucket list of exotic locales, but found themselves feeling increasingly alienated from family and friends who did not share in their adventures. Their children complained that they seemed more interested in spending time with itinerant acquaintances than with their grandchildren. Several friends became reticent to invite them on weekend outings, fearing that any such plans paled in comparison with their many adventures.
Dora and her husband began to see life between trips as boring interludes. They were world travelers untethered from any deeply satisfying social, civic or spiritual connections and responsibilities.
During her first appointment, Dora regaled me with stories of her travels but also described symptoms of depression. She saw these trips as both thrilling and empowering triumphs over her aging self, as escapes from her fears and perceived failures.
But in time, she also began to see her bucket list as an antidote devoid of any enduring communion with family or friends. It didn’t give her any roles as a guide or mentor that had been so satisfying earlier in life. She felt like a spectator to the lives and locales of others, collecting hundreds of photos that were destined to sit unseen in the myriad flash drives she brought home.
The solution? She and her husband all but gave up the bucket-list approach. They are now spending more time with family and friends, and feel much happier and more connected.
Forget thrills
It is easy to see, of course, the powerful forces that make the bucket list so enticing these days. Along with longer lifespans and more cash to spend, retirees have more freedom from day-to-day obligations, now that so many family members live at a great distance from each other. The world has also gotten flatter and the Internet has made arranging travel easier, making it possible to live out fantasies that would have been almost unthinkable 20 to 30 years ago. Besides, the experiences can, of course, be extraordinary.
But chasing bucket-list thrills ignores a deep psychological truth: You don’t need to make yourself happy in old age. We get happier naturally as we grow older.
Several key surveys, including the U.S. General Social Survey and the Gallup Healthways Well-Being Index, have found that well-being starts out quite high in early adulthood, reaches a nadir in midlife and then increases to a peak in our later years. The increased happiness doesn’t come through doing but simply through being. It is the natural result of lower expectations and ambition, less emotional volatility, increased gratitude and acceptance and enhanced problem-solving skills.
In fact, the need for a bucket list goes against our deepest instincts as we age. Older brains are less influenced by novelty-seeking and more by conscientiousness; they are less impetuous and more emotionally stable. They are somewhat slower in data processing but more experienced and careful and less ideological.
What’s more, in living out one’s later years as a series of memorable and momentous adventures, people are making a choice to focus on what one can do instead of what one can be. And that leads to isolation and depression, as with my patient Dora.
Dream bigger
So what’s the alternative? In some sense, having a bucket list isn’t in theory such a bad thing. The key is what’s on that bucket list.
Retirees, for instance, should ask themselves a series of questions when planning an activity: What is my mission? Is it simply to have fun? To spend time with a partner? To learn about history or a geographic location?
The answers will show the depth and meaning of the activity within one’s life, and predict its impact on others. Some of our dearest pursuits bring the most meaning and joy because they are done for others. Being mindful of our motives and our legacy enables us to see ourselves as part of a bigger picture that extends beyond our own lifetime.
Very often, thinking this way leads people to give up notions of traveling the world to seek adventure. Instead, they tap their strengths and become mentors and role models—whether as volunteers, community leaders or care givers. Though these roles are sometimes discounted as conventional, staid pathways, they offer meaning and excitement that adventure travel doesn’t.
I regularly hear this perspective from the older volunteers at the nursing home where I work: Their days are filled with life-affirming, gut-satisfying deeds.
Becoming more involved with family is another option. Forget the one-time swim with dolphins or sharks and instead spend time teaching a grandchild to swim or fish. These activities require considerable investment in time, energy and emotion. But they offer a way to forge life-sustaining connections and inspiration in an era when there are no longer many multigenerational households and most of our elders are increasingly segregated into their own communities.
Or consider taking bucket-list adventures, but imbue them with purpose. Instead of embarking on a trip to Antarctica, for example, why not a family excursion to a destination that will engage children and grandchildren and teach them about their history and heritage?
Vigorous and vital
This approach is embodied by my retired neighbors who take each of their three grandchildren on their own annual outing based on shared research, selection and preparation. As a result, these children are growing up with a vision of later life as vigorous and vital, not to mention all the personal time spent with their grandparents.
Then there’s a patient who had aspirations for a bucket-list trip to Europe, but felt he could not easily bring along his wife, since she had memory problems and was more than he could care for alone on a trip. Instead, he planned a family pilgrimage to his ancestral home in Spain that included his wife, children and grandchildren—all of whom got a view into their own rich cultural heritage and learned a lifelong lesson about the importance of caring for a loved one with a disability.
Are such trips as exciting as zip-lining in the rain forest, as a three-month sailing trip to nowhere? Superficially, no. But look a little deeper and I have no doubt that people who take a trip to Spain with children and grandchildren, or volunteer at a local community center, are much more content, much happier, than the passive voyeurs who whiz by, thrilled with the speed and all the photos, but sadly missing the bigger picture.

Culled from The Wall Street Journal
Posted by reginald odunze at 06:42 No comments:
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Monday, 21 March 2016

Register sale goes before federal bankruptcy judge


FILE - This Dec. 27, 2012 file photo shows the newsroom of the Orange County Register in Santa Ana, Calif. The bankrupt owner of the Orange County Register has decided to sell to Digital First Media after a judge blocked a larger auction bid by the owner of the Los Angeles Times. An attorney for Freedom Communications says Saturday that the company will ask a federal bankruptcy judge to approve the sale on Monday, March 21, 2016.  (AP Photo/Jae C. Hong, File)
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FILE - This Dec. 27, 2012 file photo shows the newsroom of the Orange County Register in Santa Ana, Calif. The bankrupt owner of the Orange County Register has decided to sell to Digital First Media after a judge blocked a larger auction bid by the owner of the Los Angeles Times. An attorney for Freedom Communications says Saturday that the company will ask a federal bankruptcy judge to approve the sale on Monday, March 21, 2016. (AP Photo/Jae C. Hong, File)
SANTA ANA, Calif. (AP) — A federal bankruptcy judge will consider on Monday Digital First Media's proposed purchase of the Orange County Register and the Press-Enterprise of Riverside.
Freedom Communications decided over the weekend to sell the newspapers to Digital First, which owns the Los Angeles Daily News and eight other daily papers in the greater Los Angeles area, after a judge blocked a higher bid by the owner of the Los Angeles Times.
Tribune Publishing Co. last week won a bankruptcy auction for the newspapers with a bid of $56 million. But hours later, the U.S. Department of Justice filed an antitrust lawsuit saying that if the deal went through, Tribune would have a virtual monopoly by owning the four largest daily newspapers in Southern California.
In addition to the Los Angeles Times, Tribune owns The San Diego Union-Tribune, which it purchased last year.
Late Friday, a federal judge issued a temporary restraining order halting the deal.
Freedom attorney William Lobel said the restraining order makes it unlikely Tribune will be able to close the deal before March 31, when temporary private financing that's keeping the two newspapers afloat dries up.
Digital First offered as much as $53 million, according to court filings.
Freedom filed for bankruptcy protection in November. It followed a series of layoffs and buyouts after an aggressive expansion of print journalism that included starting daily papers in Los Angeles and Long Beach and buying the Press-Enterprise of Long Beach for $27 million. Both new papers went under.
The Associated Press is among the creditors in Freedom's bankruptcy proceedings.

Culled from AP
Posted by reginald odunze at 07:43 No comments:
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