Social Security turns 80 on Friday, and the massive retirement and disability program is showing its age. The money is running out… and quickly. Next year, a major push by Dems could take another year off the life of what is now a fully funded program for retirees. According to the Associated Press, Social Security’s […]
China economic sneak attack could cost thousands of jobs
China surprised the world yesterday by deflating the value of its currency, and American economists aren’t fond of the aggressive move. Experts are saying this sneak attack may trigger a currency war, and the move will increase our trade deficit to China and kill thousands more American jobs. Shock waves from Tuesday’s 1.9 percent devaluation […]
US paychecks grow at record-slow pace in 2nd quarter
WASHINGTON (AP) — U.S. wages and benefits grew in the spring at the slowest pace in 33 years, stark evidence that stronger hiring isn’t lifting paychecks much for most Americans. The slowdown also likely reflects a sharp drop-off in bonus and incentive pay for some workers. The employment cost index rose just 0.2 percent in […]
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