Intel recalled the Pentium P5 chip in 1995 that produced errors for certain calculations. The recalled chips were turned into keychains for Intel employees. The keychains had an inscription from former Intel CEO Andy Grove that became the company's mantra, and also applies to Intel's current chip crisis.
A Department of Labor proposed rule that would “expand the opportunity” to offer employment-based health insurance to small businesses through Small Business Health Plans, also known as Association Health Plans, is being lauded by the American Trucking Associations.
The DOL Notice of Proposed Rulemaking is “a step in the right direction for improving access to affordable, quality health care for all Americans,” said ATA President and CEO Chris Spear. “We were pleased in October when President Trump signed an executive order allowing self-employed individuals to pool together to purchase health insurance plans sponsored by larger associations and groups, and we are happy to see his Administration take the next step in advancing this plan today.”
ATA noted that trucking is “primarily comprised of small-businesses– with more than 90% of registered motor carriers operating fewer than six trucks – making it uniquely positioned to benefit from the establishment of association health plans.”
The rulemaking resulted from an executive order signed by Presdient Trump back in October to allow individuals to purchase health insurance through association health plans.
According to the Labor Department, the proposed rule, which applies only to employer-sponsored health insurance, would allow employers to join together as a single group to purchase insurance in the large group market.
“These improvements stand to open health insurance coverage for millions of Americans and their families by making it more affordable for thousands of small businesses and sole proprietors, said DOL. “By joining together, employers may reduce administrative costs through economies of scale, strengthen their bargaining position to obtain more favorable deals, enhance their ability to self-insure, and offer a wider array of insurance options.”
As proposed, the rule would:
The pipeline and processing company secured a high-return project that increases the visibility of its future growth.
Sears Holdings Corp (NASDAQ:SHLD) has released a list of Kmart stores closing in 2018. The following are the locations on that list. ...
The Federal Motor Carrier Safety Administration has issued a final rule that reduces annual registration fees collected the Unified Carrier Registration (UCR) Plan and Agreement for the 2018, 2019, and subsequent registration years.
FMCSA said that to ensure that fee revenues do not exceed the statutory maximum and to account for the excess funds held in the depository, for the 2018 registration year, the fees will be cut below the current level by approximately 9.10% to ensure that fee revenues do not exceed the statutory maximum, and to account for the excess funds held in the depository.
For the 2019 registration year and subsequent years, the fees will be reduced below the current level by approximately 4.55% to ensure the fee revenues in that and future years do not exceed the statutory maximum.
The UCR Act, established in 2005, requires motor carriers involved in interstate commerce, and other businesses subject to The Act, to submit annual fees based on fleet size to supplement funding for state highway motor carrier registration and safety programs.
The UCR Plan is the organization of state, federal and industry representatives responsible for developing, implementing and administering the UCR Agreement. The fee reduction for 2018 was based on a recommendation from the UCR Board of Directors, following several years of higher than expected collections.
“We're pleased with the outcome of FMCSA's rulemaking on this matter,” said UCR Board Chair Avelino Gutierrez, director of transportation for the New Mexico Public Regulation Commission. “And pleased that we could help deliver a cost reduction for our carrier partners.”
The Indiana Department of Revenue, which operates the national UCR online registration system on behalf of the UCR Board of Directors, expects to be ready to handle registrations on Jan. 5. Carriers based in any state may use <a target="_blank" rel="nofollow" ...Read the rest of this story
