Papa John’s Faces Reduced Employee Hours Due To ObamaCare

Papa John's Faces Reduced Employee Hours Due To ObamacareThe CEO of popular pizza chain Papa John’s says his employees may face reduced hours and he expects his business costs to rise because President Obama’s re-election most likely insures the president’s health care reform law will be implemented in full.

‘Rising costs’

NaplesNews.com reports John Schnatter made the remarks to a small group at Edison State College’s Collier County campus the day after the election. Schnatter, who supported Mitt Romney in the election, said all Americans having health insurance under ObamaCare is a good, but estimates the change will cost Papa John’s $5 million to $8 million annually.

Schnatter estimated that these rising costs could adversely affect his workers. Since only full-time employees working 30 hours or more must be covered under the new law, he said he expects franchise owners will be forced to cut employees’ hours because they can’t afford the costs of health insurance plans.


‘No expansion or additional hiring’

The comments were not Schnatter’s first statements on ObamaCare. He made headlines in August for telling shareholders the law may lead to increases in the price of his pizza.

In addition, the Applebee’s family restaurant chain is under public attack, including the threat of boycotts after New York-area franchisee Zane Tankel told Fox Business Network that cost increases related to implementing ObamaCare might result in no expansion or additional hiring. Critics appear to have interpreted Tankel’s comments to mean he will layoff employees as a result of ObamaCare.

Are you in favor of ObamaCare? Which do you think is greater — the positive or the negative effects of ObamaCare? Feel free to share your thoughts on this new healthcare policy!

Source: Fox News

Image: Policy Mic

Egypt Gas Pipeline to Jordan and Israel Blown Up

Saboteurs blew up Egypt’s gas pipeline to Jordan and Israel on Monday, witnesses and security sources said, a few hours before the country holds its first free election since President Hosni Mubarak was toppled in February. State news agency MENA said the explosion was in al-Sabeel area. Security sources said the explosions were detonated from a distance and that tracks from two vehicles were found in the area. No group has claimed responsibility for the attack.

Egypt’s 20-year gas deal with Israel, signed in the Mubarak era, is unpopular with the Egyptian public, with critics arguing that the Jewish state does not pay enough for the gas.

An executive of the East Mediterranean Gas Co (EMG), which exports Egyptian gas to Israel, said in July that international shareholders in the firm were pursuing legal claims against Egypt for $8 billion in damages from contract violations in gas supplies, following disruptions caused by pipeline attacks.

Egypt doubled the price of gas exported to Jordan last month. Petroleum Minister Abdullah Ghorab said the new price was just above $5 per million BTU, up from $2.15 to $2.30.

The government said this month it would tighten security measures along the pipeline by installing alarm devices and recruiting security patrols from Bedouin tribesmen.

 

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