The Gray And The Brown - why the baby boom generation's concerns about race may mean that it's stabbing itself in the back as it moves into retirement.
posted by Artw
on Aug 19, 2010 -
66 comments
An Australian Madoff? Trio Capital, an Australian fund manager, has been
ordered to wind up its funds after being unable to account for $123 million in its Astarra fund since investigations began in October. The fund "has a total of $426 million under management - including
superannuation savings of about 10,000 Australians." Some worry what this means for more potential frauds in Australia's "privatized social security."
[more inside]
posted by FuManchu
on Mar 21, 2010 -
10 comments
"No one guessed the truth, which was simpler, and therefore stranger, than their wildest theories: that the scared young woman so hotly pursued by South Carolina police, the Secret Service, federal marshals and even the U.S. Army was actually on a bizarre and misguided journey of self-discovery." Rolling Stone reports on the strange case of Esther Reed:
The Girl Who Conned The Ivy League.
(via Metachat)
posted by The Whelk
on Jan 17, 2010 -
46 comments
Researchers have found that it is possible to guess many -- if not all -- of the nine digits in an individual's Social Security number using publicly available information, a finding they say compromises the security of one of the most widely used consumer identifiers in the United States.
Many numbers could be guessed at by simply knowing a person's birth data, the
researchers from Carnegie Mellon University said.
Manuscript (PDF)
Study FAQs
posted by educatedslacker
on Jul 6, 2009 -
61 comments
Is the U.S. Bankrupt? [332Kb PDF] Laurence Kotlikoff, writing in this month's
Federal Reserve Bank of St. Louis Review, says "yes" - to the tune of $66 trillion! [more inside]
posted by ikkyu2
on Jul 16, 2006 -
67 comments
Yesterday President Bush said, "Some in our country think that Social Security is a trust fund -- in other words, there's a pile of money being accumulated. That's just simply not true. The money -- payroll taxes going into the Social Security are spent." Is he advocating that the US default on its Treasury bonds?
posted by Sixtieslibber
on Feb 10, 2005 -
115 comments
I wasn't sure what
Move On would do after the election and inauguration, but it appears they are coming out with guns blazing over Social Security. Tomorrow they'll take out
a full page ad in the NYT (pdf) and start spreading
a new commercial (wmv) that is reminiscent of the "working kids" Bush in 30 seconds ad (I assume they hired the same director).
posted by mathowie
on Feb 1, 2005 -
51 comments
Congressman dies of rare disease Congressman Bob Matsui, who was recently elected to a 14th term in Congress, has died due to a rare stem cell disease. Matsui, who was one of the leading opponents of President Bush's plan to eliminate Social Security, was the ranking Democrat on the Congressional subcommittee on Social Security.
posted by expriest
on Jan 2, 2005 -
26 comments
AARP Says No To Bush ... The AARP is coming out strong against private Social security investment accounts, saying they "will actually make the problem worse, not better." In January they plan to spend
$50 million on an ad campaign opposing privatization.
Kevin Drum of The Washington Monthly has also been awesome in pointing out that the common wisdom that Social Security is in trouble is
just not true.
posted by nathanrudy
on Dec 30, 2004 -
116 comments
One man's retirement math: Social Security wins At the heart of President Bush's plan to sell Social Security private accounts is a simple notion: You're always better off investing your retirement money than letting the government do it.
By doing it yourself, you can stow some money in the stock market, and over the long run will get a better return on that investment than today's Social Security system offers.
The idea is broadly accepted. That's why the administration's plan to partially privatize the system sounds appealing to many. But that better return won't always happen.
Just ask Stanley Logue of San Diego.
For 45 years, the defense-industry analyst paid into the system until his retirement in 1994. But with all the recent hoopla over reform, Mr. Logue, a Massachusetts Institute of Technology graduate, decided to go back and check his own records. Would he have done better investing his money than the bureaucrats at the Social Security Administration?
posted by Postroad
on Dec 27, 2004 -
80 comments
Originally, Greenspan was in favor of cutting future Social Security benefits to help ease the current budget deficit.
Now, he suggests:
that household balance sheets are "in good shape," and perhaps stronger than ever, because the value of people's homes and stock portfolios have risen faster than their debts.
posted by BlueTrain
on Mar 16, 2004 -
14 comments
Screwing the young. American government benefits will give a typical man reaching age 65 today a net windfall of more than $70,000 beyond what he paid in. A luckless 25-year-old, by contrast, can count on paying $322,000 more in payroll taxes than he will ever get back in benefits.
posted by NortonDC
on Dec 10, 2003 -
36 comments
Emerging Storm Weblog The
Gartner Group has put together a formidable weblog of sorts to discuss hot topics in workplace security, crises, and other happenings. The best part is that you can comment along with the "best" of the industry. check out the comments about Social Security. We knew blogging was mainstreaming, but this is a significant use of the application outside of the general media. I don't believe registration is required to view the weblog.
posted by djspicerack
on Feb 25, 2003 -
6 comments
Fabricating a Crisis (NYT link, registration required yada yada yada) -- With the baby boomers getting up in years, it's becoming increasingly obvious that something must be done about The Social Security Situation. But are privatization and personal funds really the answer?
posted by dogmatic
on Aug 21, 2001 -
7 comments
Social Security Numbers and privacy. I refuse to give my number out whenever possible, but it is getting worse all the time. Thankfully I can still buy batteries and refuse to give Rat Shack my telephone number, and tell Toy R Us where to go when they ask for my zip, but this is frustrating. Wasn't this what people feared about having identification numbers in the first place?
posted by thirteen
on May 14, 2001 -
41 comments
