Top story: PM to speak after Johnson’s Brexit attack Welcome to Wednesday – I’m Warren Murray and I will be your news concierge this morning. The Conservative conference has become a battleground as Theresa May prepares to hit back after Boris Johnson eviscerated her Chequers plan as a “cheat” and an “outrage”. Delegates queued for hours and Brexit-backing MPs turned out in force to hear Johnson’s speech, which has raised the pressure on May to show Conservatives she has a compelling long-term vision. Few believe Johnson has sufficient support in parliament to unseat May when the Commons returns next week. But her performance today will be closely scrutinised. On Tuesday the PM said Johnson had made her “cross” by rejecting her Brexit strategy. “He wants to tear up our guarantee to the people of Northern Ireland,” she said, referring to her Chequers pledge to uphold the soft border in Ireland. The DUP has … [Read more...] about Wednesday briefing: May fights to take back control
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Michael B. Sauter 24/7 Wall Street Published 6:02 p.m. UTC Jun 1, 2018 Since the economic recovery began in 2010, the private sector has added 16 million jobs. At the same time, however, the number of public sector jobs has remained static. As a result, government employment as a share of total employment has declined from 17.3% to 15.2%, according to the latest Bureau of Labor Statistics figures. Government employment across the country is far from evenly distributed. In some states, federal workers, as well as state and local government employees, account for anywhere between 12% and 25% of total employment. While some might expect that high government spending would also entail substantial government employment, relative to the state's workforce, the opposite tends to be true. Based on 2017 employment figures from the Bureau of Labor Statistics, 24/7 Wall St. ranked all 50 states based on federal, state, and local government employees as a share of total employment. While … [Read more...] about Public sector jobs: States where the most people work for the government
Samuel Stebbins 24/7 Wall Street Published 9:02 p.m. UTC May 30, 2018 The American Dream promises to all the opportunity to attain financial security -- and even wealth -- through hard work. Just how widespread these opportunities are is a matter of debate, but there are towns that serve as evidence that the American Dream is alive and well, at least for some. In almost every state -- rich or poor -- there is at least one town where most households earn far more than the typical state resident and the typical American. Though separated by vast distances, the states' wealthiest towns often have more in common with each other than with other communities in the same state -- even some that may be just a few miles down the road. Almost without exception, the wealthiest towns have expensive real estate and are home to well-educated populations. With relatively high median incomes, they are also often home to large shares of extremely wealthy households -- those earning $200,000 or … [Read more...] about What’s the richest town in every state?
Ken Fisher Special to USA TODAY Published 5:00 p.m. UTC May 27, 2018 Are you saving enough for retirement? Fidelity’s tally of 401(k) millionaires just hit an all-time high. Yet the Economic Policy Institute warns the median retirement savings for families with wage-earners aged 44 to 49 is just $6,200. If that low number sounds more like you than Fidelity’s eye-popping savers, keep your chin up. It’s never too late to start putting aside money. The older and poorer you are, the more folks will tell you the road is hard. Maybe the naysayers have you convinced saving is futile. But while it might be more challenging, if you save and invest well, using a 401(k) or IRA, you can still build a retirement nest egg. Here are the stories of people who my firm’s 401(k) division helped overcome savings shortfalls: The reliable partners Early in their careers, this couple compared their employers’ 401(k) plans and found that one offered a … [Read more...] about Retirement: 3 steps to overcome a 401(k) savings shortfall
This is the new Rolls-Royce Cullinan and it is unquestionably the most luxurious 4x4 to hit the market – at least until Aston Martin gets in on the act. The iconic British marque says its first purpose-built sports utility vehicle is inspired by Lawrence of Arabia's military-readied Roller - although it has undoubtedly been designed with the super-rich in mind - as it curtsies to let you in and deploys leather-bound picnic chairs so you can enjoy equestrian events without ever leaving the vehicle. Bosses at BMW-owned Rolls-Royce claim the new £250,000 SUV is ‘the ultimate rough diamond’ – taking its name from the legendary 3,106 carat Cullinan gem, unearthed in 1905 in South Africa that was the largest and most flawless ever found and elements of which are in the Crown Jewels. However, Rolls-Royce will face competition in three years' time, as fellow British brand Aston Martin has confirmed it will also make its first SUV in 2021 - and that will only come … [Read more...] about Rolls-Royce unveils the Cullinan SUV