Thursday, February 6, 2014

AOL CEO Tim Armstrong – Corporate “Dick” of the Year Award!

This clown CEO of a Model T Internet Server – Yes AOL is still in in business. He does the self-insured thing on HealthCare for the employees. Two “females” have difficult births. Two Million in costs and guess what (?) – Management takes the cost overrun out of the other employees 401K funds and their payouts.  Whatever.  (401Ks BTW – Business’ convenient slush funds)

How do you spell "whalebone corset"?

“We had two AOL-ers that had distressed babies that were born that we paid a million dollars each to make sure those babies were OK in general,” Armstrong said. “And those are the things that add up into our benefits cost. So when we had the final decision about what benefits to cut because of the increased healthcare costs, we made the decision, and I made the decision, to basically change the 401(k) plan.” Under the new program, AOL employees will not be able to collect any matching funds toward their retirement savings from the company for any given year if they leave before Dec. 31 of that year.

But health care experts ThinkProgress contacted questioned why a large self-insured company with more than 5,000 employees could not absorb the additional health care costs associated with the pregnancies. Large employers typically purchase reinsurance, which could cover a substantial share of big claims and ensure stability in cases of larger-than expected medical payouts.

“The Affordable Care Act is simply a convenient whipping boy for any decision an employer makes to cut benefits,” Tim Jost, a law professor at Washington and Lee, said. “Assuming AOL had reasonably generous coverage like most large employers, it should not have experienced any significant changes in its benefit structure for 2014. Perhaps it had to pick up a few more employees that had not been covered before or reduce premiums for a few employees, but it is hard to see $7.1 million here.”


Camels Used as Transport Disputes Passages in the Old - Hebrew - Testament

Carbon Dating of domesticated camel bones in Palestine suggests, supports the current academic flavor of the month theory that the Old Testament took official form around the dates of the so-called Babylonian Captivity, another story in the Hebrew Story Book, 600 BCE (before the common era) or 900 BCR (Before Constantine’s Religion).

Archaeologists from Israel’s top university have used radiocarbon dating to pinpoint the arrival of domestic camels in the Middle East -- and they say the science directly contradicts the Bible’s version of events. 
 Camels are mentioned as pack animals in the biblical stories of Abraham, Joseph and Jacob, Old Testament stories that historians peg to between 2000 and 1500 BC. But Erez Ben-Yosef and Lidar Sapir-Hen of Tel Aviv University's Department of Archaeology and Near Eastern Cultures say camels weren’t domesticated in Israel until centuries later, more like 900 BC.