The cost of 401(k) fees
Over the course of a career, some workers lose tens of thousands of dollars in 401(k) administrative and investment-management fees. An ordinary two-earner household, for example, will lose more than $150,000 to fees and unrealized returns over 40 years.
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Are you a “cleaning routinist”?
More than a fifth of consumers of housecleaning products say they “really enjoy the process.” These so-called “cleaning routinists” perform cleaning tasks an average of 18 times a week for a total of five hours. Compare that with “quick and convenient cleaners,” who make up 24 percent of the market and spend four and a half hours a week cleaning.
The Wall Street Journal
The NCAA tournament and “lost wages”
The NCAA men’s basketball tournament cost U.S. businesses an estimated $134 billion in “lost wages” this week, since 3 million employees spent one to two hours at work watching the games. But most employers predicted that March Madness would either have no impact on productivity or actually boost morale.
Time
Twitter's growing ad revenue
Twitter is expected to rake in $582.8 million in global ad revenue this year, with more than $300 million of that coming from mobile ads alone. It’s expected to take in close to $1 billion in 2014.
BusinessInsider.com
A barely noticeable tax hike
The payroll tax holiday ended at the beginning of the year, but almost half of surveyed U.S. workers haven’t noticed that they’re paying 2 percent more than they did last year. Only 30 percent of households have cut back on spending.
The Wall Street Journal
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August 9 editorial cartoonsCartoons Saturday's political cartoons include snake oil salesmen, Ghislaine Maxwell's new residence, and more
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5 hastily redrawn cartoons about redistrictingCartoons Artists take on Donald Trump's draughtsmanship, the White House ballroom, and more
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The news at a glance
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The week at a glance...International
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