KeatsConnelly Cross-Border Weekly Best of the Web 2015-8-14

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.

This week’s articles include a heavy dose form The Globe and Mail including a piece reviewing the current status of traditional pensions around the world, another article with an interesting look into the fall of the Canadian dollar and a third article discussing an important tax issues to remain aware of. We wrap up with an article on potential U.S. Congressional action which could affect Green Card issuance.

The decline of true pensions: A global overview and how Canada compares (http://www.theglobeandmail.com/) – Pension systems in all of the regions we are focusing on have changed since the financial crisis. These reforms followed an earlier wave of changes implemented in the previous decade. Here’s an overview of the current pension landscape in each region. The United StatesIn 1989, approximately 60 per cent of the employed population had pension coverage of one kind or another, with the proportion of defined benefit to defined contribution plans split close to equally…

Death of the Canadian dollar: The five stages of grief (http://www.theglobeandmail.com/) – The Canadian dollar is under attack on several fronts, from the collapse in oil prices to the different paths being taken by central banks. The loonie lost about 4 per cent in July, sank to below 76 cents U.S. at one point yesterday and again today, and won’t stop there, according to analysts who expect it to tumble further to about 73 or 74 cents. The currency has been as low as 75.77 cents and as high as 76.30 cents today, trading below the 76-cent mark by late afternoon. Here, then, are the five stages of grief for such an agonizing death: Stage 1: Denial…

Tax assessments based on your net worth: be prepared (http://www.theglobeandmail.com/) – Is there anything that keeps you up at night? Do you worry about anything in particular? My friend, Paul, is generally a worrier. “Tim, when you dry off with a towel, dead skin cells cling to its surface, providing protein to feed micro-organisms like Staphylococcus aureus, which can cause infections or even toxic shock syndrome,” Paul told me recently. “And you should know that electromagnetic rays emitted from alarm clocks are believed to cause cellular mutation and increase the risk of cancer. How many hours do you sleep every night, Tim? Most people spend over a third of their lives asleep in bed.” The fact is, you probably don’t lose sleep over your bathroom towels or alarm clock. The taxman, on the other hand, might be a good reason to lie awake at night – if you don’t keep good records and your tax return looks fishy…

US Plans To Issue Millions of Green Cards (http://www.msn.com/) – A report of the U.S. Senate’s Subcommittee on Immigration and the National Interest shows immigration officials by 2025 could approve an estimated 10.5 million visas, which allow immigrant workers and foreign students to live and work in the country temporarily. That’s more than the total populations of the Iowa, New Hampshire and South Carolina, according to the right-wing site Breitbert News, which exclusively obtained the Senate report…

Come back next week for more interesting news and articles. Enjoy your weekend!

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