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The 2015 Untrustworthies Report - Why Social Security Could Be Bankrupt In 12 Years

Submitted by David Stockman via Contra Corner blog, The so-called “trustees” of the social security system issued their annual report last week and the stenographers of the financial press dutifully reported that the day of reckoning when the trust funds run dry has been put off another year—-until 2034. Show More Summary

What the annual Medicare and Social Security reports miss

Last week, Trustees of the Medicare and Social Security programs released their annual reports. What wasn’t included? How to put these critical senior support programs on sustainable trajectories. Photo by Melina Mara/The WashingtonShow More Summary

College of DuPage President Robert Breuder wanted $1.5 million severance

Embattled College of DuPage President Robert Breuder asked for $1.5 million and several other perks in exchange for retiring early - demands the school's board of trustees soundly rejected before going on to award him a less lucrative buyout package that nonetheless sparked public backlash.

Social Security Trustees Report Without the Hysteria

Every year the Social Security trustees issue their report on the financial condition of the program. In the past this release was generally accompanied by some serious deep breathing as reporters warned of multi-trillion dollar shortfalls and the impending bankruptcy of the program. Show More Summary

Josef Helfenstein, Director of the Menil Collection, to become Director of Kunstmuseum Basel

last weekArts : Artdaily

Janet Hobby, President of the Board of Trustees of the Menil Collection, announced that the institution?s long-serving director, Josef Helfenstein, has accepted the opportunity to become director of the Kunstmuseum Basel and is expected to leave the Menil in late 2015, after a highly successful twelve-year tenure. Show More Summary

Why Social Security Beats All Rivals -- And the Case for Expanding It

This is the season when we hear calls to cut Social Security. That's because of the annual trustees report on the system's financial condition. Last week, the trustees reported that Social Security can pay all of its projected obligations through about 2034. Show More Summary

Social Security Is Under Fire But It Is Here to Stay

For the past few years, the Annual Social Security Trustee Report has effectively served as a yearly reminder to the American public of the grave funding issues threatening the solvency of the most important retirement income vehicle in the United States. The 2015 Annual Social Security Trustee Report is no [...]

Parrish Art Museum appoints four new members to Its Board of Trustees

last weekArts : Artdaily

Parrish Art Museum Board of Trustees Chairman Frederic M. Seegal, and President H. Peter Haveles, Jr., have announced the recent appointment of four new members to the Board. Philanthropist Veronica Atkins, former arts executive and Hamptons real estate agent Cee Scott Brown, financial services consultant James L. Show More Summary

Here’s When Social Security Will Run Out of Money

"When will social security run out?" It's a question Social Security Finance Committee trustees ask themselves every year - and the American public more frequently than that.

Sharp Pencils vs. Sharp Politics: The 2015 Social Security Trustees Report

Social Security does face long term demographics issues....as will any approach to making sure retirees have income.

What The Social Security Report Isn't Telling You

The Social Security Trustees Report Just Came Out. Here's what you need to know about it.

The End Is Near For Puerto Rico Bond Investors

last weekIndustries / Law : Zamansky

Puerto Rico’s $72 billion debt crisis is changing day by day, but looming over investors in the island Commonwealth’s beaten down bonds, is the potential for default. Last week, Puerto Rico missed a payment to one of its trustees after the legislature failed to appropriate the required funds, according to Amey Stone of Barron’s. Show More Summary

Thanks, Obama! Medicare still on stable footing with Obamacare

The Social Security Trustees' annual report for Social Security and Medicare was released Wednesday, and once again has good news for Medicare. The Medicare Hospital Insurance (HI) Trust Fund will have sufficient funds to cover its obligations...Show More Summary

Cosby's Lawyer Faces Call To Step Down As Chair Of Temple Trustees

PHILADELPHIA (AP) -- Bill Cosby, once the very public pride of Temple University, parted ways with the school last year amid allegations that he had drugged and sexually assaulted women. Now that his own words show behavior that wasShow More Summary

Social Security Disability Benefits Face Cuts in 2016, Trustees Say

Eleven million people face a deep cut in benefits next year if Congress fails to replenish Social Security’s disability trust fund, the administration said.

Social Security trustees: Program is healthier, Congress still must act

The Social Security trustees delivered a harsh blow Wednesday to those who claim the system is structurally unsound, requiring major cutbacks. In their annual report for 2015, they declared that the program's fiscal health has improved over the last year, for predictable reasons: The economy is...

Medicare Cost Projections Are Down Stunningly in 2015 Report

As long as we're on the subject of annual trustees reports, the 2015 Medicare report was released today too. And if the Social Security report was slightly good news, the Medicare report is, once again, spectacularly good news. Here's the 75-year spending projection from ten years ago vs. Show More Summary

Is Your Social Security Safe?

last weekNews : Newsweek: US

Obamacare has breathed temporary new life into Medicare, but the program, along with Social Security, is still on track to run out of money within 20 years, trustees of the programs announced Wednesday. Their regular reporting of the...Show More Summary

Social Security Report Delivers Reassuring News for Working Families

AFL-CIO President Richard Trumka released the following statement in response to the release of the 2015 Old-Age, Survivors and Disability Insurance (OASDI) Trustees Report.

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