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BUSINESS
July 10, 2009 | Emma L. Carew
Michael Hanik used to have 12 employees, a warehouse and trucks to run his medical devices catalog company. But four years ago, he turned to the Internet to look for ways to reduce overhead costs for his Rockville, Md.-based Total Medical Systems. He now has just three employees on the payroll but as many as 50 contractors working for him, some of them known as virtual assistants.
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CALIFORNIA | LOCAL
February 23, 2014 | By Rong-Gong Lin II and Rosanna Xia
A Los Angeles City Council member wants to allow owners who seismically retrofit apartment buildings to pass on the costs to tenants. Councilman Bernard C. Parks said he wants the city to explore exempting these apartment owners from the city's rent-control law as part of a larger effort by city officials to strengthen thousands of buildings vulnerable to collapse during a major earthquake. Under existing laws, only 50% of the cost of major apartment rehabilitation projects can be passed through to tenants, Parks said.
BUSINESS
January 7, 2014 | By Shan Li
Stubbornly high unemployment among millennials costs the U.S. billions in lowered tax revenue and higher safety net costs, according to one study. Millennials -- defined as those 18 to 34 years old -- have suffered from double-digit jobless rates for almost six years, according to a study by youth advocacy group Young Invincibles. The youngest, aged 16 to 24, suffer from 15% unemployment, the highest rates among youth. The long-term consequences of high unemployment in an entire generation of young people has been well researched, with echoes throughout their careers in the form of lower earnings and fewer job opportunities.
CALIFORNIA | LOCAL
March 19, 2014 | By Chris Megerian
SACRAMENTO - The longer California's leaders delay shoring up the cash-strapped teacher pension fund, the more money it will cost taxpayers in the long run, according to an analysis presented to lawmakers on Wednesday. If lawmakers and Gov. Jerry Brown eliminate the fund's $71-billion shortfall over the next 20 years, the extra contributions needed from the state, schools and teachers would total a little more than $180 billion in that time period. But if they put forward a 60-year plan, the total cost would be $622.8 billion.
BUSINESS
May 23, 2013 | By Paresh Dave
Repairing the iPhone 5 costs far more than fixing its predecessors because of Apple's tight control over the parts that make up its newest phone, according to a new report. In some cases, just repairing an iPhone 5 screen can cost $30 more than the entire phone that's been purchased for $200 with a two-year service contract. Normally, users can turn to third-party shops to fix their iPhones. But many phone shops are not willing to repair the latest iPhone because of the high costs of parts, Marketwatch reported . The repair firms that do work on the iPhone are charging as much as Apple, or even more, to fix the phone.
BUSINESS
June 19, 2013 | By Adolfo Flores
A study found that if patients and doctors used medicines responsibly, the U.S. healthcare system could save $213 billion annually. Failing to adhere to prescription instructions, misuse of antibiotics and medication errors are some of the reasons for the avoidable costs, according to findings from IMS Institute for Healthcare Informatics. Together, these areas lead to unnecessary utilization of healthcare resources involving an estimated 10 million hospital admissions, 78 million outpatient treatments, 246 million prescriptions and four million emergency room visits annually.
OPINION
March 24, 2010 | By James L. Sweeney and Matthew E. Kahn
The stakes are huge when it comes to regulating the use of fossil fuels in California. We need serious, credible analyses in order to understand the economic effects of new laws and proposed legislation. Unfortunately, in California, one highly flawed estimate of costs to consumers and small businesses is distorting the debate. Cited again and again by opponents of California's global warming solution law, AB 32, the Varshney/Tootelian report estimates that this law will cost small business $50,000 a year and each household $3,857 a year once the new rules kick in. We each independently analyzed the economic projections made by Sanjay Varshney and Dennis Tootelian -- Cal State Sacramento business school dean and marketing professor, respectively -- and came to this conclusion: Their estimates are highly biased and based on poor logic and unsound economic analysis.
NATIONAL
August 3, 2012 | By Richard Simon
WASHINGTON -- The U.S. Senatehas paid tribute to National Chess Day. Now it's Sen. Jim DeMint's move.   The South Carolina Republican and several of his Senate colleagues have introduced legislation that would require senators to pay for such commemorative resolutions out of their office budgets rather than from the U.S. Treasury. The money comes from the taxpayers in either case, but DeMint says the printing of symbolic resolutions has "gotten out of hand. " His fellow senators are likely to be more judicious about introducing such resolutions if they have to dip into their office budgets to pay the printing costs, he says.
SPORTS
February 20, 2009 | Robyn Norwood
You've heard the stories about professional athletes so competitive they can't bear to lose, even at pingpong. But let's just say they didn't become professional athletes. Do you really want to work with anyone who isn't mature enough to shrug off being No. 2 at table tennis? And why is it, Washington Post columnist Sally Jenkins wonders, that so many of the culprits in the Wall Street mess seem to be frustrated former athletes?
ENTERTAINMENT
August 23, 1997
"Payout Time for the Peacock Network" (Aug. 18) reports that costs of shows like "Seinfeld" and "ER" are escalating, so that "Seinfeld" now costs NBC more than $4 million per episode, and that advertisers are paying more than $1 million per commercial minute. But where does NBC get the money to pay these rates? Or better yet, where does the advertiser get these sums? The answer is shocking. Built into the unit cost of every tube of toothpaste, can of beans or tank of gas you buy are prorated costs not only for the manufacture of the product but also transportation to market, sales force and, yes, advertising.
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