| Study Reveals Financial Wellness Needs of Employees | Employees are racking up credit card debt and borrowing from retirement savings to pay for unexpected expenses, a survey finds. “With employees’ financial stress affecting an organization’s bottom line in terms of productivity, higher absenteeism and more health care claims, employers today are compelled to pay more attention to their employees’ financial well-being,” says Scott Rosenberg, president of Purchasing Power.Read more > | | Products, Deals and People | Investment Products and Services Launches | JULY adds Stadion ETF to platform; Nationwide increases fund offerings with new ETF; and Fairpointe Capital releases ESG-centralized approach.Read more > | | Economic Events | In the week ending March 24, the advance figure for seasonally adjusted initial claims for unemployment insurance was 215,000, a decrease of 12,000 from the previous week’s revised level of 227,000, the Labor Department reported. This is the lowest level for initial claims since January 27, 1973, when it was 214,000. The four-week moving average was 224,500, a decrease of 500 from the previous week’s revised average of 225,000. The average interest rate for a 30-year fixed-rate mortgage is 4.44%, down from 4.45% one week ago, according to Freddie Mac. The average interest rate for a 15-year fixed-rate mortgage is 3.90%, down from 3.91%. | | Market Mirror | Thursday, the Dow was up 254.69 points (1.07%) at 24,103.11, the NASDAQ climbed 114.22 points (1.64%) to 7,063.45, and the S&P 500 closed 35.87 points (1.38%) higher at 2,640.87. The Russell 2000 increased 16.40 points (1.08%) to 1,529.43, and the Wilshire 5000 gained 373.66 points (1.38%) to finish at 27,410.72. The price of the 10-year Treasury note increased 12/32, bringing its yield down to 2.742%. The price of the 30-year Treasury bond climbed 28/32, decreasing its yield to 2.977%. | | Compliance | ERIC and Oregon Retirement Savings Board Agree to Settle Lawsuit | Under the terms of the settlement, ERISA Industry Committee (ERIC) members may inform the State of Oregon, if it asks, that they are ERIC members, and the state will verify their membership with ERIC to confirm their exemption from OregonSaves.Read more > | | Small Talk | ON THIS DATE: In 1822, Florida became a U.S. territory. In 1842, Dr. Crawford W. Long performed the first operation while his patient was anesthetized by ether. In 1858, Hyman L. Lipman of Philadelphia patented the pencil. In 1867, the U.S. purchased Alaska from Russia for $7.2 million dollars. In 1870, the 15th Amendment, guaranteeing the right to vote regardless of race, was passed by the U.S. Congress. In 1870, Texas was readmitted to the Union. In 1909, the Queensboro Bridge in New York City opened, linking Manhattan and Queens; it was the first double decker bridge. In 1944, the U.S. fleet attacked Palau, near the Philippines. In 1964, “Jeopardy” debuted on NBC-TV. In 1981, President Ronald Reagan was shot and wounded by John W. Hinckley Jr. Two police officers and Press Secretary James Brady were also wounded. In 1998, Rolls-Royce was purchased by BMW in a $570 million deal. In 2009, the Port Authority of New York and New Jersey confirmed that the new World Trade Center building would be officially known by its legal name of “One World Trade Center.” And now it’s time for FRIDAY FILES! | There’s something to be said about living on a farm—consider the extra babysitters.Read more > | This little girl provides a lesson on how to give yourself a pep talk in the morning.Read more > | This is what happens when you smack talk a goose.Read more > | In New York City, a bar has replaced a sign touting a special on shots with a new one. The new sign reads, in all caps, “Sorry but if you say the word ‘literally’ inside Continental you have 5 minutes to finish your drink and then you must leave. If you actually start a sentence with ‘I literally,’ you must leave immediately!!! This is the most overused, annoying word in the English language and we will not tolerate it.” The bar owner has since told Timeout New York that the sign is just a joke, and that his bar would be empty if he actually enforced the rule. In New Haven, Connecticut, a suspected burglar apparently just needed a nap. A homeowner watched on surveillance video as someone broke into her home. Police were called to the scene and said they found the suspect sleeping on the homeowner’s couch. Nevertheless, according to the Associated Press, the man has been charged with third-degree burglary and first-degree criminal trespass. In Sochi, Russia, orange snow has been falling in parts of Eastern Europe. According to the Associated Press, meteorologists said the snow from Siberia collided with dust-filled wind from the Sahara Desert in Africa. The orange snow has been spotted on mountains in Russia’s Sochi region, farther east in Georgia’s Adzharia region and at Romania’s Danube port of Galati. In Bern, Switzerland, scientists have found those cute little rubber ducks used as bath-time toys can be dangerous. Swiss and American researchers counted the microbes swimming inside the toys and said the murky liquid released when ducks were squeezed contained “potentially pathogenic bacteria” in four out of the five toys studied. The bacteria included Legionella and Pseudomonas aeruginosa, a bacterium “often implicated in hospital-acquired infections,” the authors said in a statement. The study by the Swiss Federal Institute of Aquatic Science and Technology, ETH Zurich and the University of Illinois turned up a strikingly high volume—up to 75 million cells per square centimeter (0.15 square inch)—and variety of bacteria and fungus in the ducks, the Associated Press reports. Tap water doesn’t usually foster the growth of bacteria, the scientists said, but low-quality polymers in the plastic give them the nutrients they need. Bodily fluids—e.g., urine and sweat—as well as contaminants and even soap in bathwater add microbes and nutrients such as nitrogen and phosphorus and create balmy brine for bacteria. While certain amounts of bacteria can help strengthen children’s immune systems, they can also lead to eye, ear and intestinal infections, the researchers said. Among the vulnerable users: Children “who may enjoy squirting water from bath toys into their faces.” Enjoy your weekend, everyone! | Share the news with a friend! Pass the NewsDash along and tell your friends/associates they can sign up for their own copy.Read more > |
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