We are in a period where the economic news seems very confused and inconsistent. The stock market has rebounded significantly from its low point earlier this year, but unemployment continues its inexorable climb. Some investment banks have earned huge profits, but businesses are forecasting a grim, cautious holiday spending season. And then today we get [...]
Archive for October 15th, 2009
Forbidding Foreclosure Numbers
Posted in America, The Economy, tagged economy, Home Foreclosures, Housing Market; Foreclosures on October 15, 2009 | Leave a Comment »
COLA Zero
Posted in America, Politics, The Economy, tagged AARP, America, Budget Deficit, COLAs, economy, Federal Debt, Politics, President Obama, senior citizens, Social Security on October 15, 2009 | 1 Comment »
This year Social Security recipients will not be receiving an cost of living increase in their benefits because inflation has been negative for the year due to the drop in energy prices. It is the first year since 1975 — when Social Security benefits were pegged to inflation through COLAs — that Social Security benefits [...]
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