Social Security News 5-11-12


 

NBC Politics (NAT)

Is America in fiscal austerity yet?

05-11-12

Tom Curry

The short-term importance of the budget bill which the House approved this week is that Democrats now have another vote which they can use against Republicans running in tough races this fall.

http://nbcpolitics.msnbc.msn.com/_news/2012/05/11/11662338-is-america-in-fiscal-austerity-yet?lite?ocid=twitter

The Hill (DC)

Groups push to expand Social Security, bucking GOP plans On The Money

05-11-12

Erik Wasson

A coalition of liberal senior and women’s rights groups on Friday announced that they are pushing to greatly expand Social Security benefits, bucking GOP calls to cut the troubled program in order to shore up its finances. The most of the ten changes being advocated for would deepen the funding shortfall that Social Security is facing, the groups admit.

http://thehill.com/blogs/on-the-money/budget/226877-groups-push-to-expand-social-security-bucking-gop-plans

 

Huffington Post (NAT)

Will Democrats Embrace American Austerity? Crash This Party and See

05-11-12

Richard (RJ) Eskow

Maybe your invitation to billionaire Pete Peterson's "Fiscal Summit" got lost in the mail. Or maybe they really, really didn't want you there.

http://www.huffingtonpost.com/rj-eskow/will-democrats-embrace-am_b_1509880.html

 

US News (NAT)

How to Improve Social Security for Women

05-11-12

Philip Moeller

Advocacy groups say it’s time to update rules that have become outmoded since being enacted in 1935.

http://money.usnews.com/money/blogs/the-best-life/2012/05/11/how-to-improve-social-security-for-women

 

Reuters (NAT)

New online Social Security statements don't cut it

05-11-12

Mark Miller

Your annual Social Security benefit statement, which provides an important annual reminder and explanation of benefits, has moved online.Paper statements were eliminated last year

http://www.reuters.com/article/2012/05/10/us-column-miller-socialsecurityonline-idUSBRE8491DN20120510

 

Chicago Tribune (IL)

Financial pointers for women on Mother's Day

05-11-12

Gail MarksJarvis

Besides the sacrifices they make daily for their family, women are likely to be making a significant dent in their financial security.

http://www.chicagotribune.com/business/yourmoney/sc-cons-0510-marksjarvis-20120511,0,279441.column

 

Warrick Publishing, Inc. (NAT)

Hoosiers earned say in Medicare, Social Security

05-11-12

June Lyle

Ninety-five point one percent, 99.6 percent and 68 percent — pretty significant percentages, right?

http://www.tristate-media.com/warrick/community/community_news/article_d7ef535c-99d4-11e1-806a-0019bb2963f4.html

 

The Web of Debt (Blog)

Indentured Servitude for Seniors: Social Security Garnished for Student Debts

05-11-12

Ellen Brown

It seems that Congress has removed nearly every consumer protection from student loans, including not only standard bankruptcy protections, statutes of limitations, and truth in lending requirements, but protection from usury (excessive interest).  Lenders can vary the interest rates, and some borrowers are reporting rates as high as 18-20%.

http://webofdebt.wordpress.com/2012/05/11/indentured-servitude-for-seniors-social-security-garnished-for-student-debts/

 

Bloomberg BNA (NAT)

Social Security, Medicare Trustees Highlight Need for Revenue

05-11-12

Staff

actuarial imbalance combined OldAge Survivors Disability Insurance OASDI program now largest actuarial deficit seen Social Security 1983 reforms Charles Blahous public trustee Social Security system April 23 release 2012 annual report Social Security board trustees.

http://www.bna.com/social-security-medicare-n12884909351/

 

Entitled to Know (Blog)

It’s Time to Change the Social Security Conversation

05-11-12

Staff

“The truth is — as our nation ages and retirement income continues to decline for millions of Americans – Congress should be talking about the adequacy of Social Security’s benefits not cutting them.  Congress should examine the inequities that have created a poverty rate for senior women and widows that is 50% higher than other retirees 65 and older. “

http://www.ncpssm.org/entitledtoknow/?p=2340

 

 

Politics

 

The New York Times (NAT)

Regulators Looking Into JPMorgan Trading Activities Before $2 Billion Loss

05-11-12

Mark Scott

The Federal Reserve and Financial Services Authority of Britain have been in discussions with JPMorgan Chase since April about the trading group that on Thursday disclosed more than $2 billion in losses.

http://dealbook.nytimes.com/2012/05/11/regulators-looking-into-jpmorgan-trading-activities-before-2-billion-loss/?hp

 

Politico (DC)

Will young Mitt Romney hurt candidate Mitt Romney? 

05-11-12

Maggie Haberman

When a report alleging Mitt Romney engaged in a high-school incident that left a gay student “terrified” got traction Thursday, his campaign moved to quell the flames — putting the candidate on radio to offer a broad-based apology for youthful “hijinks and pranks” — and offering up other classmates to fill in a different...

http://www.politico.com/news/stories/0512/76217.html

 

The New York Times (NAT)

S.E.C. Opens Investigation Into JPMorgan's $2 Billion Loss

05-11-12

Ben Protess and Susanne Craig

The Securities and Exchange Commission recently opened a preliminary investigation into JPMorgan's accounting practices and public disclosures about the trades.

http://dealbook.nytimes.com/2012/05/11/s-e-c-opens-investigation-into-jpmorgans-2-billion-loss/?hp

 

The Hill (DC)

Romney makes play for North Carolina

05-11-12

Justin Sink

Mitt Romney headed to North Carolina Friday, looking to make headway in a swing state Republicans are describing as increasingly attainable after President Barack Obama's decision to endorse same-sex marriage earlier this week. http://thehill.com/blogs/blog-briefing-room/news/226945-romney-makes-play-for-north-carolina-in-wake-of-obama-same-sex-marriage-endorsement

 

Yahoo! News (NAT)

Obama campaign adds ‘clean coal’ to website after Republican outcry

05-11-12

Chris Moody

From the blog The Ticket: President Obama's campaign website added "clean coal" to a list of energy priorities late this week, days after Republican lawmakers noted the omission and a federal inmate received about 40 percent of the vote against Obama in the Democratic primary in coal-heavy West Virginia. Previously, the campaign's website highlighted "fuel efficiency" on a list of [...]

http://news.yahoo.com/blogs/ticket/obama-clean-coal-support-confirmed-changes-campaign-153228578.html

 

Associated Press (NAT)

Obama Approval Rating On Economy Declines

05-10-12

Tom Raum and Jennifer Agiesta

WASHINGTON -- Americans are growing more pessimistic about the economy and handling it remains President Barack Obama's weak spot and biggest challenge in his bid for a second term, according to a new Associated Press-GfK poll. And the gloomier outlook extends across party lines, including a steep decline in the share of Democrats who call the economy "good," down from 48 percent in February to just 31 percent now.

http://www.huffingtonpost.com/2012/05/11/obama-approval-rating-economy_n_1509249.html?ref=politics


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