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Contents contributed and discussions participated by Majdah Fareed

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Majdah Fareed

BBC News - Tax rises needed by 2017 to pay for Jersey pensions - 1 views

www.bbc.com/...world-europe-jersey-26955840

shared by Majdah Fareed on 15 Apr 14 - No Cached
  • Contributions, currently 10.5% of salaries and shared by workers and employers, may have to rise from 2016.
  • Jersey spends three quarters of its welfare budget on pensions.
  • The 2011 Jersey census showed about 18% of the island's population was over the age of 65. The population of the island was nearly 98,000 with about 17,000 people aged 65 or older.
  • ...3 more annotations...
  • social security contributions may need to rise by up to 40% by 2042. It also suggests more immigration could limit the need to raise tax by increasing the number of taxpayers.
  • rising to 1% in 2016, to fund long-term care for the elderly.
  • Jersey is introducing a 0.5% income tax in 2015
Majdah Fareed

Car production drops 20.2% in November - BuenosAiresHerald.com - 1 views

www.buenosairesherald.com/...duction-drops-202-in-november-

shared by Majdah Fareed on 06 Dec 13 - No Cached
  • 20.2 percent in the month of November compared with the same month last year
  • car manufacturing industry produced 62,186 vehicles in November, the ADEFA’s report revealed, a figure which also signifies a 17.7 percent decline in relation to October’s production level.
  • a decline in demand in the Brazilian car market
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  • the car industry still managed to roll out 746,085 vehicles, a 6.1 percent increase so far this year
  • Even as November registered the most significant year-on-year variation in production,
  • February‘s production was down 2.3 percent from the previous year, August levels slipped 12.2 percent and in October the amount of Argentine vehicle manufactured fell 4.8 percent from the same month last year.
  • domestic and international sales saw increases since the beginning of the year in comparison to 2012, with domestic levels up 18 percent and exports 9.5 percent higher.
Majdah Fareed

Fast-food protests return amid push for wage hikes - The Washington Post - 1 views

www.washingtonpost.com/...3-8d24-31c016b976b2_story.html

shared by Majdah Fareed on 06 Dec 13 - No Cached
  • advocacy groups and Democrats are hoping to build public support to raise the federal minimum wage of $7.25. That comes to about $15,000 a year for full-time work.
  • I’m relying on aid, and $7.40 is not able to help me maintain taking care of my son. I’m a single parent
  • The industry competes aggressively on being able to offer low-cost meals and companies have warned that they would need to raise prices if wages were hiked.
  • ...1 more annotation...
  • Service Employees International Union, which represents more than 2 million workers in health care, janitorial and other industries, has helped put their wages in the spotlight.
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