Today "CBS This Morning" begins a four-part series looking at what it is like to be a mother across the globe: Hannah Cardin, a Massachusetts emergency room nurse and mother of two, did her best to prepare before Finnley arrived four weeks early via emergency C-section. She took on extra shifts, and even cashed out part of her 401(k), at a penalty, to keep her family afloat during her 12 weeks of unpaid maternity leave. "Everything that has been taught to me – no matter what happens, you never touch your retirement account because that's your account for later on – it's something that I had to do," Cardin said. Even that wasn't enough. Cardin's husband lost his job; her income tax refund was less than expected; and with just $500 to spare, she must now go back to work early, 10 weeks after giving birth to a premature baby. Correspondent Alex Wagner asked, "You scrimped, you saved, you try and get everything lined up, and the best laid plans aren't working out. What's … [Read more...] about Mothers grapple with unpaid maternity leave as lawmakers eye a change
Unpaid maternity leave tax credits
Sections SEARCH Skip to content Skip to site index Business Day Subscribe Log In Subscribe Log In Today's Paper Advertisement Supported by ByLiz Alderman Aug. 19, 2018 ATHENS — When Dimitris Zafiriou landed a coveted full-time job two months ago, the salary was only half what he earned before Greece’s debt crisis. Yet after years of struggling, it was a step up. “Now, our family has zero money left over at the end of the month,” Mr. Zafiriou, 47, a specialist in metal building infrastructure, said with a grim laugh. “But zero is better than what we had before, when we couldn’t pay the bills at all.” Greece is reaching a milestone in one of the most ruinous financial crises to hit Europe. On Monday, the country will officially end its reliance on over 320 billion euros, or about $360 billion, of bailouts, opening a path to a new era of financial independence. The economy is slowly returning … [Read more...] about Greece’s Bailout Is Ending. The Pain Is Far From Over.
The future of five-a-side football firm Goals Soccer Centres is in crisis after it discovered an unpaid tax bill of £12million – just weeks after warning about falling profits. The firm, which has a centre at Central Park in Plymouth, has suspended trading in its shares following what has been described as an “accounting blunder”. The company, yet another where Sports Direct supremo Mike Ashley has a large stake, said it uncovered "substantial" VAT accounting errors estimated so far at about £12million. The group said the board had concluded the VAT misdeclaration issues date back several years, although the final value of the error is still being worked out. It also warned new VAT accounting policies it plans to adopt are likely to hit its future profits. The group, which first revealed the accounting issues early in March 2019, said the accounting blunder may lead to a "material change in its overall financial position". Goals, which has 50 sites in the … [Read more...] about Goals Soccer Centres under threat after unpaid £12m tax bill
The United States last year posted its lowest fertility rate on record and the fewest number of births in 20 years. Whether that is no more than a statistical blip depends, like so much else, on the actions of the millennial generation – and given how we treat early childhood in this country, who can blame Americans in their 20s to mid-30s if they hold off on becoming parents? There were 3.85 million births in 2017, 2 percent fewer than 2016. That’s nearly 500,000 fewer newborns than 2007, even though there were 7 percent more women in the prime childbearing years of ages 20 to 39. That puts the fertility rate at a record low 60.2 births per 1,000 women, taking the U.S. further away from the level necessary to replace one generation with the next.It may be that the members of this generation are putting off marriage, so kids will come later. Perhaps they are waiting until they are on firmer financial footing, or until they are finished education or have established their … [Read more...] about Our View: U.S. birth rate plummets as cost of children soars
Michael Sohn/AP Stephanie Bschorr, president of the Association of German Female Entrepreneurs; Ivanka Trump, daughter and adviser of US President Trump; German Chancellor Angela Merkel; and Dutch Queen Maxima, from left, arrive for the W20 Summit in Berlin April 25. The conference aims at building support for investment in women's economic empowerment programs. Loading... April 25, 2017 By Schuyler Velasco Staff writer @Schuyler_V Is the right way to build a female-friendly workplace really from the top down?Headlines and corporate discussions about working women typically focus at the top: statistics about female CEOs, the number of women on Forbes’ billionaires list, profiles of individual icons like Facebook CEO Sheryl Sandberg of “Lean In” fame and Ivanka Trump, whose “Women who Work” brand includes self-help books and a fashion line.Individuals like Ms. Sandberg and Ms. Trump do bring greater visibility to … [Read more...] about Can corporate feminism help all working women?
So ingrained in the collective psyche is the concept of the welfare state, it is remarkable to remember that it is still less than 80 years old. Like the NHS, which sits at the centre of our great British social contract, we speak of it as a great unmoveable: almost everyone agrees that we need a welfare state, even if we don’t agree on how it should operate and on who should be its greatest beneficiaries. And yet the welfare state as we once knew it is crumbling. Universal credit, the Conservative government’s reform of the system, is a story of failure upon failure resulting in dramatic stories of neglect – and, in a handful of shocking examples, even death. Astonishingly, the work and pensions secretary, Amber Rudd, last month admitted that it is the welfare state – created to prevent hunger and destitution – that is now actively causing it, with the shortcomings of universal credit responsible for driving up the number of Britons who are reliant … [Read more...] about How Britain broke the welfare state