What happened this week? Lots. The two biggest stories this week—intelligence leaker Edward Snowden and the crisis in Egypt — are evolving at a breakneck pace, so we won't cover them here. But stay in the loop about both (and more) by signing up for daily news emails at theskimm.com !
In the meantime, here's the other news sure to come up in conversation this week.
What to Say When You’re Running Late
I’ll be there by 2015! In an important setback to President Obama’s crowning first-term jewel, Obamacare, the administration announced it will delay the health care law’s mandate that businesses with 50 or more workers cover their employees or pay fines. The mandate, which led to lots of complaints by businesses, will be delayed until 2015—after next year’s midterm elections. This is a very happy early 4th of July firework for Republicans who love making Obamacare a campaign issue, pointing out it is flawed and way too complex. The delay doesn’t affect the main parts of the law (state health exchanges where uninsured Americans can shop around policies and the individual mandate that requires most people to buy insurance), but it could boost costs.
What to Say When it’s Raining and No One Can Decide on a Movie
Let’s talk Bond. Pimco Bonds. Investors yanked out a whole lot of cashish—nearly $10 billion—from Pimco’s Total Return bond fund last month. This is a big deal because it was the largest outflow in history for the world’s biggest mutual fund. Investors have been a ball of caffeinated nerves since the Fed said it will probably begin scaling back its bond-buying programs, which would make interest rates rise and bonds cry. This sparked a global market sell off, leading bond prices to tumble.
Pimco’s leader Bill Gross, a bond legend (the market’s version of Sean Connery), says this is an overreaction and encouraged everyone to “have a cocktail.” And yes, we will read your mind—unemployment numbers come out on Friday and they’ll be watched very carefully for a sign of how well the economy is recovering.
What to Say When Your Mom Gets a Prescription
Is there something we need to discuss? The CDC says there has been a huge spike in overdose deaths among middle-aged women. To break it down, deaths in women from OD’ing on prescription drugs have increased about 400% since 1999—that is not how Prince intended to party. Although men are still more likely to die of Rx painkiller overdoses, think of it this way—since 2007, more women have died from drug overdoses than car crashes. The issue may have something to do with usage—doctors may be prescribing meds for patients who don’t really need them. Maybe lay off the Vicodin and just stick with the vodka. In moderation.
What to Say When Your Sister is the Perfect One
Yeah, yeah, we all know she’s practically a saint—just like John Paul II . He’s on the fast track to sainthood (pretty much since he died in 2005) after a Vatican group credited him with a second miracle since his death—the healing of a Costa Rican woman in 2011. You need not one, but two miracles for full sainthood. Easier said than done? All that’s left is for Pope Francis to sign off on the dotted line and to pick a ceremony date.
Want more? Get the day’s breaking news headlines delivered to your inbox at theskimm.com .
We are two women in their 20s who hail from New York and Chicago. Our startup romance is one for the books — we met on a rainy day in Rome while we were both studying abroad in college. We bonded over a mutual love of fried artichokes. What we didn’t know as we struggled to order in Italian, was that we’d reconnect years later working in our own country’s capital. By that point, we had become professional storytellers, as producers for NBC News- working in breaking news, political news, and documentaries. We clicked as colleagues and as friends and it didn’t take long for theSkimm to take form. We see ourselves as a part of a generation where women are out-earning men in paychecks and degrees. We’ve grabbed our seats at the table, now it’s time to Skimm to the head.More from this Author