Showing posts with label 401k. Show all posts
Showing posts with label 401k. Show all posts

Wednesday, April 2, 2014

Hobby Lobby Retirement Plan Invests Heavily in Abortion Pharmas and Other Craft Items


Now Available in the Christmas Crafts Aisle?



Again, it is no sin for the Chinese to do the Abortion thing or even the Africans.

It is a sin however according to Dave Green’s Designer God for White Oklahomans to be Aborted?

Racism is only Skin Deep as practiced by the Hobby Lobby Green Family Religious Cult.

A-Men?




Documents filed with the Department of Labor and dated December 2012—three months after the company's owners filed their lawsuit—show that the Hobby Lobby 401(k) employee retirement plan held more than $73 million in mutual funds with investments in companies that produce emergency contraceptive pills, intrauterine devices, and drugs commonly used in abortions. Hobby Lobby makes large matching contributions to this company-sponsored 401(k).

Several of the mutual funds in Hobby Lobby's retirement plan have holdings in companies that manufacture the specific drugs and devices that the Green family, which owns Hobby Lobby, is fighting to keep out of Hobby Lobby's health care policies: the emergency contraceptive pills Plan B and Ella, and copper and hormonal intrauterine devices.


These companies include Teva Pharmaceutical Industries, which makes Plan B and ParaGard, a copper IUD, and Actavis, which makes a generic version of Plan B and distributes Ella. Other holdings in the mutual funds selected by Hobby Lobby include Pfizer, the maker of Cytotec and Prostin E2, which are used to induce abortions; Bayer, which manufactures the hormonal IUDs Skyla and Mirena; AstraZeneca, which has an Indian subsidiary that manufactures Prostodin, Cerviprime, and Partocin, three drugs commonly used in abortions; and Forest Laboratories, which makes Cervidil, a drug used to induce abortions. Several funds in the Hobby Lobby retirement plan also invested in Aetna and Humana, two health insurance companies that cover surgical abortions, abortion drugs, and emergency contraception in many of the health care policies they sell.



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Sunday, February 16, 2014

Speadsheet Bible Sliced and Diced Into Statistics and Profits for The New Ignorant Classes in America Courtesy of the Oligarchs, FOX NEWS, GOP etc.


Spreadsheet Bible Jesus Riding Pet Dinosaur "Spike"


Of course you cannot deny the existence of the bones of Dinosaurs, but since the Earth is only 6,000 Years Old in a Perfect Market Economy Capitalist world, and you are on your own foraging for food and seeking shelter under decaying infrastructure underpasses etc., it is highly likely that Jesus, who defends Free Market Capitalism rode a Dinosaur according to homeschooled children's coloring books. 

Jesus would not take a grimy little poor people's socialist funded bus to his preaching gigs. He saved up and used a Cadillac Chariot.

Jesus looked ahead, invested with his local financial adviser in a 401K heavily leveraged into a hedge fund, looking forward to a fat retirement fund.

He believed in this, in the hope that God would bless him and lift him out of his poverty if God thought he deserved it. 

This in case his dad did not ask him to commit joint Patricide/Regicide/Suicide and save everybody from hell etc.




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.”




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