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The Bengals are “livid” after catching a video crew contracted by the Patriots taping their sideline from the press box in Cleveland Sunday, according to 166
The average 401(k) balance rose 17% last year to 2,300 from the end of 2018, according to a review of 17.3 million accounts by Fidelity Investments. The average individual retirement account, or IRA, balance rose the same percentage to 5,400.Surging markets around the world were a big reason for the growth: The S&P 500 index had one of its best years in decades with a 31.5% return. Investments of all types logged gains, from junk bonds to stocks from developing economies.But workers’ better savings habits also played a big role.Fidelity said the average worker set aside 8.9% of their pay in their 401(k) in the fourth quarter, a record. Combined with employer matches, the average total savings rate was 13.5% in the quarter, tying its record last reached in the spring of 2019.“Nobody can control the market, so the behaviors of people contributing to their 401(k)s are what get us the most excited,” said Katie Taylor, vice president of thought leadership at Fidelity. “We have people saving 13.5%, which is really close to the 15% that we recommend. That’s a great story.”In many cases, workers may not even realize they’re saving more. Most employers give the option for workers to automatically increase their contributions each year, without having to do anything. Some employers even automatically sign up their employees for these auto-escalation programs, requiring them to opt out if they don’t want their contribution levels to steadily rise.Such features are on top of programs where employers automatically enroll new hires in the 401(k) plan. They all lean on the power of inertia to help workers build up bigger nest eggs. It’s a sharp turnaround from earlier years when workers had to take an extra step to join the 401(k) plan and fill out paperwork whenever they wanted their contribution levels to change.“There’s always a way, if you don’t want to do it, where you can unenroll, but these automatic programs have been a game changer,” Taylor said.Consistent contributions — and giving them time to grow — are keys to building bigger portfolios. Among workers who have been in their 401(k) plan for 10 straight years, the average balance rose to a record 8,200, according to Fidelity.Such figures, though, count only people who have a 401(k). Many lower-income workers, particularly at smaller employers, could not save in a 401(k) even if they wanted to because their companies don’t offer access to one. Legislation passed late last year aims to make it easier for smaller employers to band together and offer plans.Nearly half of all U.S. households aged 55 and over, 48%, had no retirement savings at all as of 2016, according to estimates from the Government Accountability Office. 2737
The Colorado-based burrito chain Illegal Pete’s has been up and running for over two decades, and the company now has nearly a dozen locations. “[Business has] been great for us,” said the chain’s founder Pete Turner.And it got even greater, Turner says, after an epiphany of sorts a few years ago. He thought to himself, “’What can this business be?’ And really, who is the face of the business? It’s the employees.”In 2015, Turner made a pledge—one that was practically unheard of at the time—to raise the minimum wages of his employees from an hour to . His plan was to increase pay gradually over three years.This month, that wage goes into effect.“Our employees are going to be able to live more comfortably [and have] fulfilled lives.,” he says. “They’ll be able to be more engaged in their job.”Employees like Kristina Keeling, who works in an entry-level position at Illegal Pete’s, says she knows firsthand how big of a difference those extra few dollars an hour make.“If I am surviving better in the world, then I’m going to come to work feeling a little bit better,” Keeling said. “Maybe feeling a little more positive about the world and I think I can give that and share that with the customers as well.”The federal minimum wage hasn’t changed since 2009, and it still sits at .25 an hour. However, many states have raised it on their own. Now, the nation is a hodgepodge of wages, and in some cases, large companies are now leading the way. Amazon, Target and Disney have announced they’ll pay employees an hour. However, critics argue small businesses will suffer if forced to pay an hour. The result may be to lay off workers or reduce hours.But Leo Gertner, with the National Employment Law Project, says when it’s done slowly, it works.“All of these changes have been extremely gradual,” Gertner explains. “Cents over time, and companies have been able to absorb the costs, including small businesses.”That’s how things are done at Illegal Pete’s. Turner’s mantra: make a slow buck, not a quick one.“It’s just nice to know we’ve got, let’s say, 380 people in Colorado that are able to live the lives they want to, go to school, grow in this company, get married, have kids, buy a house, and still work here,” Turner says. 2272
The Federal Aviation Administration is investigating religious discrimination claims against two airports because plans for Chick-fil-A restaurants were scrapped after complaints about the fast food chain's stance on LGBTQ issues."The Department of Transportation has received complaints alleging discrimination by two airport operators against a private company due to the expression of the owner's religious beliefs," an FAA statement said."FAA's Office of Civil Rights has notified the San Antonio International Airport (SAT) and Buffalo Niagara International Airport (BUF) that it has opened investigations into these complaints. The FAA notes that Federal requirements prohibit airport operators from excluding persons on the basis of religious creed from participating in airport activities that receive or benefit from FAA grant funding."CNN has reached out to officials at both airports for comment.Chick-fil-A said in a statement released to CNN that the company is not involved in the investigation. "We are a restaurant company ... and we have no social or political stance," the company said. "We welcome and embrace all people, regardless of religion, race, gender, ethnicity, sexual orientation or gender identity."In March, the San Antonio city council approved a new concessions contract for the airport -- on the condition that Chick-fil-A be excluded. 1382
Terrorism is an age-old concept.Some people think the first attack happened in the first century against Roman collaborators.But modern terrorism is thought to come out of mid-19th century France, when good-quality, affordable explosives hit the market and radical political movements became more prominent.It came to the U.S. during the same time frame.Today, the terrorism landscape is much different, and so is the response.The FBI says its No. 1 priority is protecting the U.S. from terrorist attacks, regardless of motivation.Terrorism investigations fall into two categories at the FBI: international terrorism and domestic terrorism.The first is when an attack is inspired by or associated with foreign organizations or nations.If the attack or attacks are meant to further a domestic influence’s goals, it’s domestic terror.The FBI’s examples of domestic terror motivations include politics, religion, race and social issues.Domestic terror “remains persistent” overall, according to the FBI.The FBI says people cross the line from exercising First Amendment freedoms to committing crimes in hopes of furthering violent agendas.Terrorism has evolved immensely since 9/11.The FBI says lone offenders and the internet have accelerated that evolution.According to the FBI, lone offenders are tougher to identify and stop because they aren’t always clearly tied to a group.And the internet — social media, in particular — helps terrorists connect with potential recruits more easily.To meet the evolving threat, law enforcement is constantly changing its approach. 1580