Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
A story widely shared online that claims President Barack Obama's mother-in-law will receive a lifetime government pension is false. The post published by The Boston Tribune , a satire website that mimics an actual news publication, is headlined " First Grandma Marian Robinson to Receive Lifetime $160K Government Pension."
Popular vote loser Donald Trump swore in the campaign that he wouldn't cut critical social insurance programs-Medicare, Social Security, and Medicaid. But Trump says a lot of things, not a lot of which can be believed.
For Barack Obama, there's a presidential library to build, hundreds of millions of dollars to raise, causes to champion and a book to write. And don't forget that long-promised vacation with his wife.
Donald Trump once described Jamie Dimon as "the worst banker in the United States," but the president-elect has helped make the boss of JPMorgan Chase & Co $50 million richer. Dimon is the top beneficiary among the 30 chief executives who run companies in the Dow Jones Industrial Average index from a stock rally inspired by Trump's election, according to a Reuters analysis of their option grants.
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Ninety-four percent of us pay into Social Security from every paycheck we receive. A few of us stop paying into Social Security in the first few working hours of the year.
Deutsche Bank AG is considering an unusual approach to providing relief to subprime mortgage borrowers as part of a $7.2 billion settlement with the U.S. government: lending money to private equity firms and hedge funds. Germany's biggest bank, dogged last year by questions about its capital levels, is exploring ways to avoid using its balance sheet to buy soured mortgages that it can partially forgive, according to a person with knowledge of the matter.
Rex Tillerson will get a $180 million retirement package from Exxon Mobil Corp. if he is confirmed as President-elect Donald Trump's secretary of state. Tillerson will give up more than 2 million Exxon shares he would have received over the next 10 years.
It's been more than a year since Nate Lowenstein started shopping for a home, and he's grown frustrated by the scant number of homes on the market. Like many house hunters in Los Angeles, he also complains sellers are unwilling to budge on prices, emboldened by offers from multiple bidders.
Most of the time the discussion on taxes is about rates or how much we should or should not tax. But I believe the discussion should be about what we tax instead of how much.
In this Dec. 6, 2016 file photo, a house is for sale in Coral Gables, Fla. Economists predict mortgage rates will continue to climb next year, just one of the trends that suggest 2017 could be a more challenging year for homebuyers.
A bank run by Steven Mnuchin, President-Elect Donald Trump's pick to be Treasury secretary, may have engaged in "widespread misconduct" while foreclosing on homeowners, according to a leaked 2013 memo written by lawyers in the California attorney general's office. The memo urged top officials in then-Attorney General Kamala Harris's office to sue OneWest Bank over the allegations, which included backdating mortgage documents to speed up foreclosures and manipulating the results of home auctions.
The full scope of Hillary Clinton's loss and Donald Trump's victory will become apparent this week as the newly elected Congress convenes. We all know the Republicans swept the elections, winning the White House and retaining control of both houses of Congress.
Members of the 115th Congress will be sworn in at noon Tuesday, setting off an aggressive campaign by Republicans who control the House and Senate to dismantle eight years of President Barack Obama's Democratic policies. One of the biggest and most immediate targets is Obama's Affordable Care Act, which many Republicans have long sought to gut and has been blamed as a primary cause for a lackluster economic recovery.
Just how important is Social Security? According to the Social Security Administration , better than 6 in 10 seniors are currently reliant on their benefits to make up at least half of their monthly income. A recent poll from Gallup also found that more than 8 in 10 pre-retirees will rely, to some degree, on Social Security income during retirement.
Though 2016 has been, for many, one of the most harrowing and depressing years in recent memory - with the deaths of many beloved entertainers and artists, the rise of far-right populism throughout the Western world, and the ongoing geopolitical crises in the Middle East, to name just a few reasons - there is little reason to celebrate the year's end this weekend, or to be hopeful for 2017.