Friday, November 16, 2018

Dramatic cuts are no way to save Social Security

Source: Alicia H. Munnell via marketwatch.com House Ways and Means subcommittee chair proposes 31% cut in benefits In December, House Ways and Means Social Security Subcommittee Chairman Sam Johnson introduced a bill to “save” Social Security. The problem is that he...

Modest U.S. Growth at Year’s End May Reframe Policy Debate

Source: Nelson D. Schwartz via nytimes.com The American economy finished 2016 on a soft note, the government reported on Friday, lowering the annual pace of growth to 1.6 percent, the lowest level in five years. That is less than half the...

Trump is officially making an economic promise that will be nearly impossible to keep

Source: Bob Bryan via businessinsider.com As part of the inauguration of President Donald Trump, the new White House rolled out a number of policy promises on its new website. The position page on jobs and the economy makes a promise for the US...

Banks start talks about sharp cuts to customer fees

Source: John Aidan Byrne via nypost.com US banks are finally talking about huge breaks on fees paid by retail customers — and some experts see these sharp cuts in the coming year on everything from overdraft and ATM fees, to...

Government sues America’s largest student loan company

Source: Katie Lobosco via CNN Money Sallie Mae has long drawn the ire of student loan borrowers struggling to pay back their debt. But as it turns out, they might have had a real reason to complain. On Wednesday, the federal government and...
trade

China Preparing For Trade War With Trump

Source: The Anti Media Top Chinese Economic Adviser Preparing for Trade War with Trump On Wednesday, the New York Times ran a biographical piece on Lui He, the top economic advisor to Chinese President Xi Jinping. Described as a “soft-spoken, American-educated...
JPMorgan

JPMorgan Chase Fined $264M For Bribery And Corruption

Source: Anonymous Headquarters JPMorgan Chase Fined $264 Million for Engaging in Bribery and Corruption in China, More Wall Street Banks to Face Similar Fate We all know that the 2008 financial crisis was a result of the recklessness of the big...
mexico

Fuel Prices Spike In Mexico, Mass Protests Erupt

Source: Christopher Woody of Business Insider Outcry about fuel price hikes may be trouble for Mexico's government Mexicans have mounted three straight days of protests since a widely scorned gas price increase went into effect on January 1. The country's finance ministry announced on...

TransUnion And Equifax Have Been Fined $23 Million For Deceiving Customers Over Credit Scores

Source: fortune.com A U.S. regulator on Tuesday ordered credit reporting agencies TransUnion and Equifax (EFX, +0.23%) to pay more than $23.2 million in fines and restitution for deceiving consumers about the usefulness and cost of credit scores they bought. The U.S. Consumer Financial...

The disturbing trend of people losing Social Security benefits to student debt

Source: Danielle Douglas-Gabriel via The Washington Post To recoup student-loan debt, the government is leaving people who rely on Social Security with benefits that fall below federal poverty guidelines, the Government Accountability Office said Tuesday. The number of older Americans defaulting on...

BREAKING NEWS

Sarahah Quietly Uploads Your Entire Address Book

Source: The Intercept Hit App Sarahah Quietly Uploads Your Entire Address Book Sarahah, an app that lets people sign up to receive anonymized, candid messages, has...