Monday, January 30, 2012
Federal workers earn 16 percent more in total compensation — including wages and benefits — than comparable private-sector employees, according to the Congressional Budget Office. The key difference is in benefits, where federal workers average more than $20 per hour in compensation — 48 percent higher than the $13.60 in prorated hourly benefits in the private sector.
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Friday, January 27, 2012
A member of the Indiana General Assembly withdrew his bill to create a pilot program for drug testing welfare applicants Friday after one of his colleagues amended the measure to require drug testing for lawmakers.
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Tuesday, January 24, 2012
Retired lieutenant colonel's take on the military-industrial complex: As a country, we seem to have a teenager’s fascination with military hardware, an addiction that’s driving us to bust our own national budgetary allowance. At the same time, we sell weapons the way teenage punks sell fireworks to younger kids: for profit and with little regard for how they might be used.
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Thursday, January 19, 2012
After largest tax increase in Illinois' history, the state still can't pay its bills. Only solution is to cut government spending says state comptroller.
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Wednesday, January 18, 2012
Nearly half of all Republican primary voters say it’s time the U.S. stops intervening in world affairs and focuses on domestic priorities instead, signaling a persistent rift that is playing out in the party’s presidential nomination battle.
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Monday, January 16, 2012
New CNN/ORC International Poll released Monday also indicates that Mitt Romney and Rep. Ron Paul of Texas are running even with President Obama in possible showdown this November.
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Monday, January 9, 2012
Most voters still want to see the national health care law repealed and believe repeal of the controversial measure is likely.
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Friday, January 13, 2012
President Obama is leading the pack in donations from the defense industry: according to the Center for Responsive Politics, he’d taken in almost $112,000 from defense industry donors through December 2011, twice as much as Mitt Romney, the leading Republican recipient of defense-industry campaign contributions.
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Wednesday, January 11, 2012
Jail inmate dies after deputies directly sprayed him and fogged his cell with pepper spray at least 8 times. Deputies then put him into a restraining chair, a controversial device that binds inmates at both wrists, both ankles, and across the chest, and then sprayed him at least two more times after he had been strapped to the chair. He was also stripped naked, and outfitted with a "spit mask," a hood designed to prevent inmates from spitting on jail personnel, which kept the pepper spray in close proximity to his nose and mouth, ensuring he would continue to inhale it for the full six hours he was in the restraint chair.
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Wednesday, January 11, 2012
A young Iranian nuclear scientist was killed by a magnetic bomb placed on his car by a motorcyclist in Tehran Wednesday. Mostafa Ahmadi Roshan, 32, is the fourth scientist linked to Iran's nuclear program killed in the past two years, which Iran blames on the U.S. and Israel. Both countries officially deny the accusations.
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Saturday, January 7, 2012
The Department of Homeland Security announced the National Operations Center and its Office of Operations Coordination and Planning can collect personal information on news anchors, journalists, reporters or anyone who may use “traditional and/or social media in real time to keep their audience situationally aware and informed.”
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Monday, January 9, 2012
Former Massachusetts Gov. Mitt Romney and Rep. Ron Paul, R-Texas, run neck-and-neck with President Obama in a general-election matchup, according to a new CBS News poll released late on Monday that shows the two front-runners in Tuesday's New Hampshire GOP primary running stronger against the president than their fellow Republicans.
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Monday, January 9, 2012
Appearing on CBS’s Face the Nation on Sunday, Defense Secretary Leon Panetta admitted that despite all the rhetoric, Iran is not pursuing the ability to split atoms with weapons, saying it is instead pursuing “a nuclear capability.”
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Monday, January 2, 2012
Medicare is headed for big changes no matter who wins the White House in 2012. You may not like it, but you might have to accept it.
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Thursday, December 29, 2011
Such strokes, which may not cause any noticeable symptoms, result in small pockets of dead brain cells, and result in memory loss in roughly 25 percent of older adults, a study team at Columbia University Medical Center noted.
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Thursday, January 5, 2012
A quarter of US households have few or no ties to the banking system, which hurts their financial future. Financial reform has made it even harder for banks to serve them.
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Friday, January 6, 2012
Doctors list shrinking insurance reimbursements, changing regulations, rising business and drug costs among the factors preventing them from keeping their practices afloat.
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Monday, January 2, 2012
"There is no good reason why Social Security has to be funded entirely by payroll taxes. No less than Franklin Roosevelt, in the program's original design, projected that as more and more workers became eligible, general government revenue would have to be part of its financing. Subsidizing Social Security with general revenue is good policy. As long as the system is substantially financed by payroll taxes, the benefit still feels earned."
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Thursday, December 29, 2011
The Virginia Republican Party is planning to force voters who wish to participate in the March 6 primary to sign a loyalty oath pledging their support to the eventual nominee no matter who it is.
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Wednesday, December 28, 2011
When you go in for surgery, your doctors will tell you not to eat after midnight. They’ll tell you what kind of narcotics and ointments and stool softeners you will need afterward, and when you can eat solid food or lift heavy packages. What they probably won’t mention is that you might feel surprisingly traumatized.
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Tuesday, December 27, 2011
The wealth gap between members of Congress and ordinary Americans is growing larger, with nearly half of all lawmakers now worth more than one million dollars, according to US media reports Tuesday.
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Tuesday, December 27, 2011
The conservative and liberal blogospheres are unifying behind opposition to Congress’s Stop Online Piracy Act fearing their very existence could be wiped out if the anti-piracy bill is enacted into law.
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Monday, December 26, 2011
“The Bill of Rights has no exceptions for really bad people or terrorists or even non-citizens. It is a key check on government power against any person. That is not a weakness in our legal system, it is the very strength of our legal system. The NDAA attempts to justify abridging the Bill of Rights on the theory that rights are suspended in a time of war, and the entire United States is a battlefield in the war on terror. This is a very dangerous development, indeed. Beware.”
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Saturday, December 24, 2011
Apple, Google and Microsoft are already investigating voice-controlled gadgets - or gadgets controlled by moving your body in front of a camera.
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Saturday, December 24, 2011
The Republican Party of Virginia announced early Saturday that Gingrich and Perry failed to submit 10,000 signatures of registered voters required to get their names on the ballot for the March 6 primary.
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Friday, December 23, 2011
Twenty-first century "market" capitalism is being transformed into state capitalism as the state and private sector finance are becoming more entwined by the day.
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Wednesday, December 21, 2011
The government's requiring people to have health insurance is "conservative," GOP presidential candidate Mitt Romney told MSNBC on Wednesday, but only if states do it.
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Monday, December 19, 2011
From
USA Today: "Nearly one in three people will be arrested by the time they are 23, a study to be published today in
Pediatrics found. What is astonishing is these figures do NOT apparently include many traffic offenses, which is where most people might be expected to have the most police interaction at any age – and especially at a youthful one, [which means the situation is even worse that it appears.] The incarceration rate in the US is the highest in the world by far, with some 3-4 million people under lock and key at any one time. The system itself is increasingly ludicrous. At some point the cost to society of passing so many laws, generating so many criminals and then locking them up will become insupportable. The alternative will be seemingly to having a society in which half the population is incarcerated while the other half finds employment as prison guards."
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Saturday, December 17, 2011
Stressed-out Americans over 50 wonder if they’re ever going to be able to retire. They worry that the Great Recession will have a lasting impact on their security. Recently retired teacher in suburban Detroit expresses the retirement-savings dilemma: “For us, we never did any investing because we never had anything to invest. We just invested in our sons and their college [educations], which we are still doing. That’s all we could ever really do.”
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Saturday, December 17, 2011
It's almost winter, but get ready for some surf and sun: The Beach Boys are reuniting.
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Thursday, December 15, 2011
The war that was waged – yes, for oil, and yes, also for Israel – was waged above all to terrify the world (especially China) with American power. It turned into the largest boomerang in history. For what has been demonstrated instead are the limits of near-bankrupt America's power.
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Tuesday, December 13, 2011
A company with Obama crony on board has been hired to provide 450,000 gallons of advanced biofuels to the U.S. Navy – the “single largest purchase of biofuel in government history,” according to the Navy – at $15 per gallon, or about four times the market price of conventional jet fuel.
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Friday, December 16, 2011
By a vote of 234 to 193, the House passed a bill to extend the temporary reduction in the payroll tax, thereby adding almost a quarter of a Trillion dollars to the national debt.
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Wednesday, December 14, 2011
While the incomes of many Americans remain the same size or get smaller, corporate chiefs can't say they're suffering in quite the same way. American CEOs saw pay increases of between 27 and 40 percent last year, according to a GovernanceMetrics International survey cited by the
Guardian.
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Tuesday, December 13, 2011
A Social Security trustee says that extending the payroll tax cut, as President Obama is demanding, could make the entitlement program more dependent on income tax revenue in the future, leaving it with less political protection than it enjoys now.
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Tuesday, December 13, 2011
The denizens of Capitol Hill are remarkable investors. A new law meant to curb abuses would only make their shenanigans easier.
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Thursday, December 8, 2011
A federally convened panel of experts says most men with newly diagnosed prostate cancer should be offered the chance to put off treatment in favor of medical monitoring of their condition. In fact, the panel went so far as to say doctors should stop calling most of these low-risk tumors cancer at all.
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Monday, December 12, 2011
Leading indicators all point to a slowdown in the world’s major developed economies, the OECD said on Monday.
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Friday, December 9, 2011
Special retirement benefits once reserved for police, firefighters and others with dangerous jobs are now being given to tens of thousands of state workers employed as park rangers, foresters, dispatchers, coroners, even highway laborers, museum guards and lifeguards.
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Wednesday, December 7, 2011
In the space of a few days this week, the Democratic governors of California and New York have backed a bet that voters will embrace the idea of raising taxes on the rich to solve their states’ budget woes.
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Monday, December 5, 2011
Two women in their 80s have gone public about their embarrassment during screenings in a private room at Kennedy Airport. One claimed she was forced to lower her pants and underwear in front of an agent so that her back brace could be inspected. Another said agents made her pull down her waistband to show her colostomy bag.
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Monday, November 28, 2011
The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.
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Friday, November 25, 2011
The first rule of asking for extra federal dollars in Texas is to never make it seem like you are asking for extra federal dollars. The biggest beneficiary of the Affordable Care Act [ObamaCare] is the state of Texas. Under ObamaCare, all of Medicaid in Texas is paid for in the first three years.
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Wednesday, November 23, 2011
Petty bureaucratic Know-Nothings in Washington, DC wreck havoc in the real world: Trying to justify the unsurmountable obstacles to a merger the Federal Communications Commission and the U.S. Justice Department are creating, FCC staff said they believed the pairing of AT&T and T-Mobil would reduce competition in the wireless market and wouldn’t produce the benefits for consumers in terms of jobs and expansion of wireless broadband.
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Sunday, November 20, 2011
As other candidates – Michele Bachmann, Rick Perry, Herman Cain – dash forward hare-like only to stumble or be run over by the next new thing, Paul is the perpetual tortoise in the race, mild-mannered, confident and unwavering in his positions (no flip-flopper he), advancing steadily toward the first real test in the Iowa caucuses six weeks from now.
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Monday, November 21, 2011
Source: Social Security Institute
November 18, 2011 (Warrenton, Virginia) — Today, The Social Security Institute released a TV ad it intends to run nation wide demanding that Congress and the President take Social Security cuts off the table in debt-reduction discussions. (View the TV ad by
clicking here or go to http://youtu.be/vTLOruamry4) The ad urges senior citizens to
sign a petition that lays out the reasons Social Security cuts are unjustified and morally wrong. The petition also calls on Congress and the president to refrain from making any cuts to Social Security in pursuit of deficit reduction. (Read the petition by
clicking here).
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Tuesday, November 22, 2011
Source: Social Security Institute
Before Washington even thinks about cutting Social Security, they should lay off the hoards of meddling, unproductive bureaucrats who have cushy jobs at your expense, which pay twice what real workers earn in the private sector; bureaucrats who have Cadillac healthcare plans paid for by the American taxpayer who can’t afford health insurance themselves; bureaucrats who have the best retirement system in the world, a system Washington denies every other working American.
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Monday, November 21, 2011
The congressional debt-reduction committee, which began more than two months ago amid a rush of bipartisan hope that it could find significant budget savings, ended with a whimper Monday as the panel unceremoniously announced it had failed to reach a deal.
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Tuesday, November 15, 2011
Super-committee members from both parties are now embracing using savings from withdrawing troops from Iraq and Afghanistan in any plan they can devise by next week to reduce the deficit by at least $1.2 trillion over 10 years.
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Tuesday, November 15, 2011
House Republican leaders began preparing their members on Tuesday to accept a potential deficit deal that includes new tax revenues. The GOP co-chairman of the deficit supercommittee, Rep. Jeb Hensarling (R-Texas), briefed the House Republican Conference on the details of multiple offers that GOP members of the panel have made to their Democratic counterparts.
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Tuesday, November 15, 2011
In Iowa, Cain leads the field with 20 percent, followed by Paul with 19 percent, Romney with 18 percent and Gingrich with 17 percent.
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Tuesday, November 15, 2011
GOP Double Dealing: Super Republicans are prepared to raise taxes in exchange for cutting Social Security. A senior GOP aide acknowledged that Republicans are shifting their position, but cast it as the only way to get a deal with Democrats, who otherwise refuse to cut entitlement spending.
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Monday, November 14, 2011
While in Congress and a member of the committee charged with regulating Freddie Mac, former Obama White House Chief of Staff and current Chicago Mayor Rahm Emanuel sold up to $250,000 in Freddie Mac stock on February 21, 2003 days before it dropped by 10 percent.
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Sunday, November 13, 2011
Super Committee Member Jeb Hensarling (R-TX) who has supported cutting Social Security from the beginning now says at least a half trillion in higher taxes is a reality.
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Friday, November 11, 2011
Republicans routinely utter shibboleths about the free market, especially in Virginia. Yet in practice they often substitute government's hand for the invisible one. Virginia's own Eric Cantor, sought billions for high-speed rail in the Old Dominion while he was blasting a similar project in Nevada. Virginia's governor, Bob McDonnell's has ladled out lots of money through his "slush fund," the so-called "Opportunity Fund," to companies setting up shop in the Old Dominion. And he's happily giving millions to Steven Spielberg, who is shooting a Lincoln biopic here. And, laissez-faire is not the only GOP custom honored more in the breach than in the observance.
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Friday, November 11, 2011
60 Minutes reports how America's lawmakers can legally make tidy profits on information only they know, simply because they won't pass a law against themselves. Members of Congress have bought stock in companies while laws that could affect those companies were being debated in the House or Senate.
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Thursday, November 10, 2011
Likely Republican caucusgoers sent a strong message to GOP presidential candidates in an Iowa survey released Thursday, showing they’re strongly opposed to cuts to Social Security and would much rather reduce military spending to address the federal deficit.
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Wednesday, November 9, 2011
Super Committee member Sen. Pat Toomey (R-Pa.) offers to raise an additional $250 billion from individual income taxes, another $60 from the corporate income tax and another $40 billion by changing the way inflation is measured to reduce Social Security cost of living allowances.
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Tuesday, November 8, 2011
Congress is looking at reducing future inflation allowances for Social Security benefits by adopting a new measure of inflation that also would increase taxes for most families — the biggest impact falling on those with low incomes. If adopted across the government, the inflation measure would have widespread ramifications. Future increases in veterans' benefits and pensions for federal workers and military personnel would be smaller.
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Monday, November 7, 2011
Texas Republican member of Super Committee, Jeb Hensarling, wants to cut Social Security COLAs and increase revenues: "Republicans want more revenues."
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Friday, November 4, 2011
House Speaker John Boehner said Thursday that any bipartisan agreement reached by the congressional deficit-reduction supercommittee will need to include some new tax revenue--also insists on Social Security Cuts.
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Monday, October 31, 2011
Super Committee co-chair, Democratic Senator Patty Murray (Wash.) confirms Social Security is on the chopping block.
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Thursday, October 27, 2011
Super Committee Democrats urge Republicans to "pick up where President Obama and House Speaker John A. Boehner (R-Ohio) left off" in the summer backroom negotiations to raise the federal debt limit: Adopt a "less generous measure of inflation to calculate Social Security benefits," increase other federal spending" by $300 billion to stimulate economy and raise taxes by $1.3 trillion.
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Wednesday, October 26, 2011
William A. Niskanen, chairman emeritus and a distinguished senior economist at the Cato Institute, has died at the age of 78.
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Tuesday, October 25, 2011
Since the beginning of the Iraq War in 2003, the New York Federal Reserve has been shipping tens of billions of dollars to the government and central bank of Iraq. Between 2003 and 2008, over $40 billion in cash was secretly shipped to Baghdad.
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Wednesday, October 26, 2011
An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy. The study's assumptions have attracted some criticism, but complex systems analysts contacted by New Scientist say it is a unique effort to untangle control in the global economy.
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Tuesday, October 25, 2011
The chained CPI, a policy option that has been endorsed by experts, organizations, and many others from across the political spectrum and has just received another loud endorsement from the conservative think tank American Enterprise Institute. The chained CPI is intended to reduce the deficit by hundreds of billions of dollars over the next ten years by reducing the growth in inflation-indexed programs while also raising revenues.
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Monday, October 24, 2011
Another top-and-bottom-against-the-middle government bailout scheme: Obama proposes to bailout homeowers with troubled mortages while simultaneously shifting the financial liability for refinanced loans from Wall Street banks to the American taxpayer.
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Monday, October 24, 2011
In real, inflation-adjusted terms, investors in the U.S. stock market have made effectively no money, even when you include dividends, since the spring of 1998. Even if you invested 10 years ago, in the panic following 9/11, you’ve made less than 20%. Over the past five years you’re down 12%.
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First Congress stole the Social Security Surpluses to spend on pork & war; now it wants to rob seniors through inflation.
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Sunday, October 23, 2011
With inflation rising and markets barely given enough time to digest the last monetary easing drive, the Federal Reserve appears ready to rev up the engine again. Print, print, print to bailout, bailout, bailout.
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Thursday, October 27, 2011
Medicare Open Enrollment begins Saturday, October 15 and runs through December 7.
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Wednesday, October 19, 2011
According to the Social Security Administration, monthly Social Security and Supplemental Security Income (SSI) benefits for more than 60 million Americans will increase 3.6 percent in 2012.
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Monday, October 17, 2011
More than half of healthy women who have an annual mammogram will get at least one false positive result over a 10-year period, and 7 to 9 percent will undergo a biopsy that doesn't turn out to show cancer, U.S. researchers said on Monday.
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Wednesday, October 19, 2011
Recent Census Bureau figures reveal that the typical household in the Washington metro area earned $84,523 last year. The national median income for 2010 was $50,046. Total compensation for federal workers, including health care and other benefits, last year averaged $126,369, compared with $122,697 in 2009.
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Wednesday, October 19, 2011
According to people in the know, Bank of America Corp. (BAC), hit by a credit downgrade last month, has moved derivatives from its Merrill Lynch unit into a subsidiary flush with insured deposits.
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Tuesday, October 18, 2011
The Labor Department announced today that U.S. producer prices jumped 0.8 percent in September, their largest increase in five months as gasoline prices surged.
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Tuesday, October 18, 2011
Politicians in Europe and in the United States are running around trying to come up with a "plan," to deal with the astronomical debt crushing the world but the entire financial system of the western world is designed to be a debt spiral. Therefore, no "plan" is going to fix this debt-based system. Over the next few years we are going to reap what we have sown.
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Monday, October 17, 2011
Ron Paul announces "Restore America" Plan to cut federal spending a trillion dollars, including elimination of five federal departments.
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Monday, October 17, 2011
Data released by the Treasury Department on Friday show that, despite claims by Congress to have cut federal spending, so far, there haven't been any spending cuts at all. None. Nada. Zip.
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Thursday, October 6, 2011
The U.S. economy is dying and most American voters have no idea why it is happening. Here are 100 statistics that suggest why.
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Sunday, October 16, 2011
Italian prime minister Silvio Berlusconi barely survived a vote of confidence Friday, with many questioning his leadership. Italy is rapidly becoming a focus of concern in Europe's debt crisis. A day of worldwide protests inspired by the Occupy Wall Street movement in the United States began Saturday with the hundreds of people gathering in cities from Japan and South Korea to Australia.
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Wednesday, October 12, 2011
The success of one of Nato's principal tactics against the Taliban – targeted night raids aimed at killing or capturing leaders of the insurgency – may have been exaggerated to make the military campaign in Afghanistan look more effective, according to a report published on Wednesday. The study shows that for every "leader" killed in the raids, eight other people also died.
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Monday, October 17, 2011
During recessions, politicians always claim that recovery is just a matter of “confidence.” The data do not support this hypothesis.
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Monday, October 10, 2011
The two groups – Occupy Wall Street and the tea party movement – could not be more different. But both reflect the public’s fundamental dissatisfaction with the state of U.S. life and governance.
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Thursday, October 6, 2011
American citizens such as Anwar al-Awlaki are placed on a kill or capture list by a secretive panel of senior government officials, which then informs the president of its decisions, according to officials. There is no public record of the operations or decisions of the panel.
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Thursday, October 6, 2011
Nearly half, 48.5%, of the population lived in a household that received some type of government benefit in the first quarter of 2010, according to Census data. Those numbers have risen since the middle of the recession when 44.4% lived households receiving benefits in the third quarter of 2008.
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Tuesday, October 4, 2011
Technology Expert: "Now that I’ve seen the new iPhone, I’ll reiterate my advice, which would’ve been unthinkable even a few months ago: Give Windows a shot. The iPhone is still the king, but there are now plenty of challengers to its throne."
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Wednesday, October 5, 2011
Four in 10 Americans “strongly” disapprove of how President Obama is handling the job of president in the new Washington Post-ABC News poll, the highest that number has risen during his time in office and a sign of the hardening opposition to him as he seeks a second term.
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Sunday, October 2, 2011
There is a common perception in New York that police-related charities have relied overmuch on the never-stated notion that if you didn’t donate, you might not get the speediest response if you needed help. To anyone who owns a business in the Big Apple and thinks the beat police would keep an extra eye on it if a contribution was given to a police charity, it would seem like an awfully cheap form of insurance.
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Friday, September 30, 2011
Anonymous Republican congressional aid: "They've raised the idea of doing taxes first."
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Friday, September 30, 2011
Three years after a financial crisis pushed the country deep into recession, an overwhelming number of Americans -- nine in ten -- say that economic conditions remain poor.
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Friday, September 30, 2011
Indiana Governor Mitch Daniels says candidates who refuse to propose solution for Social Security should shut up about it.
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Thursday, September 29, 2011
Gingrich, who is to unveil his proposals Thursday in Iowa, would allow people to keep the health insurance, income taxes and retirement plans the way they are now structured, or opt into programs more aligned with conservative principles.
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Thursday, September 29, 2011
Today, Republican presidential candidate Newt Gingrich released his 21st Century Contract With America. In releasing the Contract, Gingrich said: "In an age where massive pieces of legislation are written in secret and passed before anyone has time to understand their contents, it is my hope that this open proces of developing the 21st Century Contract with America will help restore the bonds of trust between the American people and their elected representatives."
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Tuesday, September 27, 2011
Markets don't believe EuroZone Bailout Plan will work. Watch video of independent trader Alessio Rastani telling BBC reporter why he believes the market will crash and millions of people's savings stand to be wiped out if they don't take precautionary action.
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Tuesday, September 27, 2011
In a letter Sunday addressed to all Republican presidential candidates, Social Security Institute president Lawrence A. Hunter asked GOP White House aspirants to fill out the SSI Candidate Survey on Social Security to provide voters clear and concise answers to nine fundamental questions about the nation’s most important retirement program.
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Monday, September 26, 2011
A record-high 81% of Americans are dissatisfied with the way the country is being governed, adding to negativity that has been building over the past 10 years.
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Monday, September 26, 2011
“There is a way to talk about Social Security reform without scaring seniors and while demonstrating to younger workers that you’re going to have a modern system that’s going to be there for them,” said Florida Agriculture Commissioner Adam Putnam. “We haven’t heard it yet.”
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Sunday, September 25, 2011
Republican South Carolina Sen. Lindsey Graham is calling for cuts to Social Security and lower tax rates, but at the same time he worries that the Department of Defense will be “destroyed” by deficit reduction measures.
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