Author: Biz India

Social Security Announces New Online Services Available with a My Social Security Account

By Everett M.Lo Regional Public Affairs Office Social Security Administration – New York Region February 11, 2013 – Michael J. Astrue, Commissioner of Social Security, announced today that the agency is expanding the services available with a my Social Security account, a personalized online account that people can use beginning in their working years and continuing throughout the time they receive Social Security benefits. More than 60 million Social Security beneficiaries and Supplemental Security Income (SSI) recipients can now access their benefit verification letter, payment history, and earnings record instantly using their online account.  Social Security beneficiaries also can...

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Medicaid Under Obamacare: Limited Access, Poor Quality, Billions More in Deficits for States

By Bobby Jindal, Governor of Louisiana  As the implementation of Obamacare unfortunately nears, every governor must decide whether to expand Medicaid. This is not a simple question. Expanding Medicaid will significantly burden state budgets across the country. Our state’s analyses, and reports by organizations that have supported Obamacare, such as the Kaiser Family Foundation and the Urban Institute, estimate that such an expansion would cost Louisiana more than a billion dollars over the first 10 years. The Obama administration heralds this as a tremendous bargain for states. That’s simply not the case. The administration overlooks that Medicaid is largely...

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Weaker-than-expected holiday sales drive down price of Apple shares

By Economic Times Mumbai, Jan. 24, 2012 – Weaker-than-expected holiday sales of Apple Inc.’s iPhone reinforced fears that it is losing its dominance in smartphones, driving its shares down 9 percent in pre-market trading and drawing another round of stock price target cuts. Fourteen brokerages including Barclays Capital, Mizuho Securities USA, Credit Suisse, Deutsche Bank, Raymond James, Robert W. Baird & Co and Canaccord Genuity cut their price target on the stock by $142 on average to $599. Apple’s shares closed at $514 Wednesday on the Nasdaq. Jefferies & Co cut its rating on Apple’s stock to “hold” from...

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IKEA Gets Agency Approval to Open Its 25 Wholly-Owned Stores in India

By BBC News NEW DELHI, Jan. 21, 2012 – India’s foreign investment agency has approved Ikea’s entry into the Indian market, bringing the Swedish firm closer to being the first major foreign retailer with wholly owned outlets. Ikea plans to open 25 stores, investing about U.S. $2 billion over the next 15 to 20 years. The proposal now needs approval from the federal cabinet. It comes with Indian policymakers trying to boost foreign investment to spur the slowing economy. “The government is committed to play a constructive role in encouraging FDI (foreign direct investment) specially in areas which create...

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Book Review: Ancestral Images – A Hong Kong Collection

Author: Hugh Baker Publisher: Hong Kong University Press, in collaboration with Columbia University Press Book Review by: Artha Hemrajani This is an updated and revised (2011) edition of Hugh Baker’s unique and useful book Ancestral Images – A Hong Kong Collection. Three volumes of it were original published respectively in 1979, 1980 and 1981. I call it unique because there is probably no other Chinese culture book with images, on the New Territories, a previously mostly-rural section of Hong Kong. The New Territories section has now come into the modern age and is likely to look urbanized just like...

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