• Finance

    Companies eye financial penalties for unvaccinated workers

    Companies are considering more aggressive alternatives to vaccine mandates after Delta Air Lines announced last week that it would implement a $200 monthly surcharge on unvaccinated employees enrolled in the company’s health care plan. Delta’s announcement intrigued firms that are eyeing stronger incentives to get employees vaccinated. Those companies view the surcharge approach as a way to boost vaccinations without having to lay off workers or take other disciplinary action against those who refuse to get the shot. But some employers are concerned that hiking health care premiums or imposing other financial penalties could create administrative and regulatory burdens, and  

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  • Business Analysts

    As Bitcoin tops $40,000 again, analysts eye $50,000 | Business and Economy News

    Bitcoin gained as much as 4.5 percent on Monday to hit $41,020. By Vildana Hajric and Claire BallentineBloomberg After a volatile weekend, Bitcoin has once again surpassed $40,000, reaching its highest level in more than two weeks. The world’s largest crypto gained as much as 4.5{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb} Monday to $41,020, extending its rally to a second day. The coin has rallied roughly 9{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb} since Friday. The wider Bloomberg Galaxy Crypto Index, which tracks some of the major cryptocurrencies, also advanced, adding as much as 7.7{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb} at one point. With Bitcoin crossing the $40,000 threshold, many chartists are looking at $42,500  

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  • Health Insurance

    Health Insurance: Keep an eye on sub-limits in your policy

    While opting for a policy with sub-limits will lower the premium to be paid, it will lead to a lower claims payout and increase the out-of-pocket expenses of the policyholder. As people go about buying health insurance policies to ensure financial protection in case of a medical emergency due to Covid-19, they should look at the various sub-limits mentioned in the policy as these can curtail the coverage. While opting for a policy with sub-limits will lower the premium to be paid, it will lead to a lower claims payout and increase the out-of-pocket expenses of the policyholder. Health insurance  

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  • Business News

    The Eye Man Cometh Back

    Posted on April 13, 2021 at 12:08 pm by Carol Tannenhauser Lloyd Chautin. By Susanne Beck For more than 40 years, near-sighted and far-sighted Upper West Siders — and those with astigmatisms — have found their way to The Eye Man on Broadway at 81st Street, hoping to clear up their vision and, sometimes, their minds, too. Co-owner and licensed ophthalmic dispenser Lloyd Chautin, 71, has been there to help, manning the store almost daily since it opened, putting in the hours — up to 55 a week sometimes — and patiently working with customers to build loyalty and, in  

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  • Business Accounting

    A new eye on audit quality

    Testing payroll during an audit can be a tedious manual process, the kind of grunt work that has long been viewed as the “dues” paid by young auditors before they advance in their careers. Recently, however, one computer-savvy associate at PwC decided not to pay those dues. Instead, the associate — “someone at the most junior levels of an audit team,” according to vice chair and assurance leader Wes Bricker — built their own computer model to quickly evaluate the reasonableness and appropriateness of any given payroll expense. And rather than hand out a stern warning against deviating from long-established  

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