Social Security, a cornerstone of American retirement security since 1935, is facing renewed scrutiny amid concerns about its long-term solvency. When President Franklin D. Roosevelt created the program, he did so under a pay-as-you-go model. This suggests that current retirees and other beneficiaries mainly get benefits financed by the payroll...
The Social Security Administration (SSA) is facing scrutiny over planned staff reductions and office closures, prompting concerns from Democratic Senators Elizabeth Warren and Ron Wyden. These cuts will affect over 7,000 employees. This has raised alarm bells about whether this could lead to interruptions in benefit payments and greatly hinder...
Meanwhile, the Social Security Administration (SSA) has already made deep cuts with a nationwide reduction of staff, branch closures, and an imposed leadership structure that has been reorganized. These changes have led some to question whether the agency has the capacity to better, faster deliver required benefits and services to...
As a result, the Social Security Administration (SSA) is cracking down on identity verification procedures. Pension and labor benefit beneficiaries will now be required to visit in person to further avoid their benefits checks from being fraudulently rerouted. These new measures will go into effect on March 31. They want...
A recent ruling made it impossible for Elon Musk’s legal team to obtain any of these Social Security records. This order covers their participation in the DOGE suit. The decision highlights the need to safeguard sensitive nonpublic information while protecting the integrity of governmental operations from political interference. The heart...
Since that initial effort, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) has been pretty busy adding 80 organizations to its “entity list.” Over half of these folks are based in China. This move prevents US firms from shipping technologies to these groups without government licenses. The...
Ellen Pompeo, star of the long-running medical drama "Grey's Anatomy," revealed the pivotal role Shonda Rhimes played in securing her $20 million-a-year contract. Pompeo discussed her journey to achieving financial independence and advocating for other women in a recent appearance on the "Call Her Daddy" podcast. The actress emphasized the...
23andMe, the California-based personal genomics company, has today made a formal Chapter 11 bankruptcy protection filing. This decision deepens uncertainty about the long-term fate of its extensive genetic database. The company has faced recent and unprecedented scrutiny by the public for its data privacy practices. Now, as part of the...
This company, GameStop, has in part chosen to park some of their corporate cash reserves into Bitcoin. This decision is made all the more surprising given the company recently announced a staggering net income of $131.3 million for their fourth quarter. The board’s vote of unanimous confidence authorized the entire...
GameStop announced its board of directors has unanimously approved a plan to purchase bitcoin using the company's corporate cash reserves. This move, similar to MicroStrategy's well-known bitcoin investment strategy, comes as investors celebrate GameStop's positive fourth-quarter results. The announcement triggered a rapid spike in the company’s stock. It surged over...
The Conference Board’s measure of consumer expectations for the future—which is especially important right now—took a 19-point plunge. This sudden decline led to widespread fears of an impending recession. The measure, a critical driver of the Consumer Confidence Index, sunk 9.6 points to an all-time low of 65.2. This is...
Former President Donald Trump had very publicly supported National Security Advisor Michael Waltz. This backing followed the news over the weekend when it was revealed that Waltz helped facilitate a major security breach. Waltz allegedly invited a reporter into a Signal chat room where high level officials were hashing out...
The majority of Chief Financial Officers (CFOs) predict a recession to arrive in the second half of 2025. This tidbit is from the most recent CNBC CFO Council Survey. The survey points to increasing worries over economic dampening effects, increased inflation, and the chilling effects of current policy on business...