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Bloomberg Business Week Misleads in Headline and Opening in Covering Social Security Trustees' 2012 Report

At Bloomberg Business Week, the distortion of what the Social Security system's trustees told the public on Monday began with its headline and opening sentence. The headline: "Social Security Fund to Run Out in '35: Trustees." Any reader would assume that the reference is to the situation with the retirement and disability programs combined, as both are collectively referred to as "Social Security.
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Just A Reminder: The Social Security Trust Fund Has Been In Deficit Since 2010

US Politics / Conservative : Say Anything Blog (2 years ago)

According to a new report from the Social Security trustees, the behemoth entitlement program’s trust fund will run a negative balance some time in 2035, but that’s a bit misleading. First, the program’s obligations are more than th... Read Post

US Welfare State To Run Out Of Cash Sooner Than Hoped For

Business & Finance : Zero Hedge (2 years ago)

Medicare trustees just released their annual report on the program's finances and it does not make for healthy reading. In fact the main headline takeaway is that the social security fund itself will now run dry three years sooner t... Read Post

US Regulators Fear "Runs" From PIMCO's Systemic Risk As Outflows Soar To 12.5% Of Assets

Business & Finance : Zero Hedge (1 hour ago)

Things are rapidly shifting from bad to worse for PIMCO. In a triple whammy this morning, Bloomberg reports the Total Return Fund ETF (managed previously by Bill Gross) has suffered $446 million outflows (or over 12.5% of assets) so... Read Post

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