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Tag: Retirement

Retiring Congressmen

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Posted on Jan 17, 2014 READ MORE



romana klee (CC BY-SA 2.0)

Work Until You’re Dead?

A sizable chunk of the adult population is going to punch a clock until they keel over in the office parking lot and get hauled off in the company dumpster. And those are the lucky ones, the so called baby boomers. By the time we get to the millennials it’ll be even worse because the economy will have been ravaged by 25 or 30 years of austerity leaving the proles to scrape by on hardtack and gruel.

Posted on Jan 2, 2014 READ MORE



kenteegardin (CC BY-SA 2.0)

Climate Threatens Retirement Savings

A group that monitors how investment funds manage the risks of climate change says many are exposing their investors to massive future losses.

Posted on Dec 13, 2013 READ MORE


Pension Reform

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Posted on Nov 30, 2013 READ MORE


Elizabeth Warren: ‘Make No Mistake, There Is a [Retirement] Crisis’

After The Washington Post mocked the idea of Americans facing a looming retirement crisis, the inimitable senator from Massachusetts took to her chamber’s floor to remind us that talking about Social Security benefits isn’t about “math, [it’s] about our values.”

Posted on Nov 21, 2013 READ MORE


Middle-Class Fall

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Posted on Jul 13, 2013 READ MORE


Pension Tension

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Posted on Apr 26, 2013 READ MORE


Obama Budget

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Posted on Apr 13, 2013 READ MORE



kenteegardin (CC BY-SA 2.0)

Workers Can’t Save Enough to Retire

A survey found that more than half of Americans have less than $25,000 in savings and investments excluding their homes, while 28 percent doubt they will have enough money to retire comfortably—a high in more than two decades of study.

Posted on Mar 19, 2013 READ MORE


Retirement Age

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Posted on Feb 21, 2013 READ MORE



Photo illustration from an image by Colin Grey (CC-BY)

How a Bunch of Liberal Groups Are Trying to Kill the Filibuster and Citizens United

This week on Truthdig Radio in association with KPFK: The progressive plot to save representative democracy, China’s retirement bomb, Republican junk science, and doping in sports.

Posted on Jan 18, 2013 READ MORE


How a Bunch of Liberal Groups Are Trying to Kill the Filibuster and Citizens United

This week on Truthdig Radio in association with KPFK: The progressive plot to save representative democracy, China’s retirement bomb, Republican junk science, and doping in sports.

Posted on Jan 18, 2013 READ MORE


Geezers

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Posted on Jan 10, 2013 READ MORE



Flickr

OECD: Governments Must Raise Retirement Age

A new report issued by the Organization for Economic Co-operation and Development has advised governments to increase the retirement age in their countries. In the face of longer life expectancies, a higher retirement age is the only way to keep pension programs solvent, it says.

Posted on Jun 12, 2012 READ MORE



Flickr / SimonAlparaz (CC-BY)

Recovery Drags as Americans Dip Into Savings

For obvious reasons, Americans’ savings accounts are shrinking during this ongoing recession, both because there’s not as much money to deposit and many more reasons to make withdrawals. This has consequences for the economy’s long-term recovery prospects, as does another currently popular method of payment: the credit card.

Posted on Jan 17, 2012 READ MORE



Corporate Wolf Eats Grandmother Alive

Ellen E. Schultz’s “Retirement Heist: How Companies Plunder and Profit From the Nest Eggs of American Workers” reveals how fleecing the elderly is just business as usual for corporations. If the retirement industry isn’t reined in, she concludes, we’ll be right back where we were in the 1930s.

Posted on Dec 2, 2011 READ MORE



Fabricator of Useless Articles (CC-BY)

Social Security and the Generation Gap

Most Americans think that the big government entitlement programs—Social Security and Medicare—are a good thing. But young and old part company, according to a new Pew report, over the current effectiveness of the programs and what to do about it. (more)

Posted on Nov 5, 2011 READ MORE


Retire

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Posted on Oct 5, 2011 READ MORE



Flickr / shredded77 (CC-BY)

Postal Service May Slash 35,000 Jobs

The U.S. Postal Service said Thursday that it is thinking about closing more than half of its mail-processing centers, which would eliminate more than 35,000 jobs, in order to turn a profit. (more)

Posted on Sep 15, 2011 READ MORE



Flickr / Borya

Retirees and Wrong Assumptions

On Sunday, President Obama and members of the U.S. Congress agreed to cut at least $2.4 trillion from federal spending over the next 10 years, some of which will come from programs that benefit retired Americans. (more)

Posted on Aug 1, 2011 READ MORE



California Prisoners Do or Die

Prisoners all over California continue a hunger strike despite nearing death; “Sister Wives” reality TV show stars fight the anti-polygamy law; and economists have resorted to capital bribery to resuscitate the American job market. These discoveries and more after the jump.

Posted on Jul 15, 2011 READ MORE



U.S. Congress

Ron Paul to Leave Congress, Stage Right

Texas Congressman Ron Paul is streamlining his professional plans. Yes, he’s still running for president, and it looks as though his supporters haven’t deserted him since the last election cycle, but he won’t be seeking to reclaim his House seat after 2012.

Posted on Jul 12, 2011 READ MORE



Flickr / pedrosimoes7

AARP Backpedals on Cuts in Social Security

Spokespersons for the AARP are in damage control mode after The Wall Street Journal reported last week that the organization, which claims to lobby on behalf of older Americans, “is dropping its longstanding opposition to cutting Social Security benefits.” (more)

Posted on Jun 23, 2011 READ MORE



Flickr / ElvertBarnes

A New (Old) Labor Dilemma

Federal labor statistics show that older Americans are much more likely now to be holding on to their careers—because they can’t afford to retire—while vast numbers of young Americans are failing to get on track in the job market. (more)

Posted on Jun 11, 2011 READ MORE



Flickr / Tattooed JJ

The Trillion-Dollar Public Benefits Gap Widens

State governments are looking at a cumulative shortfall of at least $1.26 trillion needed to pay for pension and retirement health care services, The Pew Center on the States reported in a study published last week.

Posted on May 1, 2011 READ MORE


Sailing Into Retirement

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Posted on Mar 18, 2011 READ MORE



Photo illustration from an image by Flickr user Lucy Boynton (CC-BY)

No Time for ’Tirement’

In little over a century, Americans have gone from a life expectancy of 47 to one of 78. By 2025 there will be 66 million Americans over 65. The decisions that we make individually and collectively about how to spend this gift of time will reshape the country.

Posted on Jan 2, 2011 READ MORE



AP / Claude Paris

Strikes Trash Sarkozy’s Popularity

As French President Nicolas Sarkozy tries to push through a reform plan to increase the retirement age, protests and strikes have wreaked havoc on the country and sent Sarkozy’s approval rating into a tailspin.

Posted on Oct 24, 2010 READ MORE


Fine French Whine

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Posted on Oct 22, 2010 READ MORE



AP / Thibault Camus

French Protesters Hit the Streets

President Sarkozy, you’re on notice. On Tuesday, French protesters took to the streets en masse to send the message that they do not approve of their president’s move to change the country’s official retirement age.

Posted on Oct 12, 2010 READ MORE


Retiresome

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Posted on Oct 11, 2010 READ MORE



bbc.co.uk

Europeans Take to the Streets to Protest Spending Cuts

On Wednesday, tens of thousands of people in Spain, Italy, Greece and other European nations registered their disapproval of their governments’ moves to make them bear the brunt of the financial shenanigans that sent the global economy into a downward spiral two years ago.

Posted on Sep 29, 2010 READ MORE


Krugman
Wikimedia Commons / Prolineserver

Krugman: The Attack on Social Security

New York Times econo-whiz Paul Krugman marked the 75th anniversary of America’s Social Security program with a warning note on Sunday, declaring that Social Security is under siege from “nearly all Republicans” as well as “some Democrats.”

Posted on Aug 16, 2010 READ MORE



DoD / U.S. Air Force Tech. Sgt. Jerry Morrison

Gates Looks for an Out in 2011

Secretary of Defense Robert Gates has held his position through the transition from the Bush to the Obama administration, but it’s looking like he won’t hang on for yet another presidential term.

Posted on Aug 16, 2010 READ MORE


Larry King Retires

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Posted on Jul 2, 2010 READ MORE


King and Gaga
youtube.com

Larry King Set to End His Show

Turns out the rumors are true: CNN is soon going to drop “Larry King Live” from its lineup. The Suspendered One announced Tuesday that he’ll retire this fall after 25 years with the show to spend more time with his family.

Posted on Jun 29, 2010 READ MORE


Thomas and Obama
White House / Pete Souza

Helen Thomas Hangs It Up

White House press corps veteran Helen Thomas, 89, has faced off with nine different presidents—starting with Eisenhower—and their supporting players over the course of her career, but ultimately her own words ... (continued)

Posted on Jun 7, 2010 READ MORE


Bayh

Sen. Bayh Surprises Dems With Retirement Announcement

Another Democrat is leaving the fold on Capitol Hill. Sen. Evan Bayh announced Monday that he won’t seek re-election this fall after 11 years in the Senate, pointing to recent partisan politicking in Congress as the main reason for his departure. “People’s business is not getting done,” Bayh said, making sure to point out that he’s not making this move because he thinks he wouldn’t win.

Posted on Feb 15, 2010 READ MORE


Letting Go

There is something fitting about writing my last column on the first day of a new year. January, after all, is named for the Roman god of beginnings and endings. [Editor’s note: This is Ellen Goodman’s final column.]

Posted on Dec 31, 2009 READ MORE


banking hearing
AP / Susan Walsh

Bank of America CEO to Pack It In at Year’s End

Another head of another big bank is rolling ... all the way out the door. On Wednesday, Bank of America CEO Kenneth Lewis made the startling announcement that he was opting to take early retirement, effective the last day of this calendar year.

Posted on Sep 30, 2009 READ MORE


Mom’s Dreary Retirement Prospects

Not to ruin brunch, but Mom’s probably not doing very well. Not if she’s already retired, not if she’s a baby boomer approaching retirement, not if she’s a younger woman who hasn’t yet given retirement a thought.

Posted on May 8, 2009 READ MORE


The End of the Middle Class as We Know It

This is how it ends. Or at least, this is how the latest, sad chapter in a story that has been ending for three decades is written.

Posted on Apr 29, 2009 READ MORE


Madoff
msrb.wordpress.com

Madoff’s Victims Speak Out

Some of them have only their homes, while others have no remaining assets and no means to earn income, but all of the former clients of Bernard Madoff (above) whose statements were made public by the government on Friday described in nightmarish terms their experiences since Madoff’s fraudulent investment empire crumbled.

Posted on Mar 21, 2009 READ MORE


The ‘Comfy Retirement’ Dream Has Exploded

No Wall Street rally can obscure the scary historical prospect that most Americans now working can expect to have less income security in retirement than their parents had.

Posted on Mar 11, 2009 READ MORE


Thiermann

90-Year-Old Madoff Client Goes Back to Work

Even though this CBS report seems to want to make a feel-good story out of this one, it’s more the stuff of nightmares, despite 90-year-old Ian Thiermann’s good-natured take on his fate. After being retired for 30 years, Thiermann discovered that he’d lost his entire retirement fund due to Bernie Madoff’s shenanigans, and now Thiermann is working for $10 an hour in a California supermarket.

Posted on Feb 27, 2009 READ MORE


The Greeter Economy

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Posted on Nov 25, 2008 READ MORE


401-GOP

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Posted on Oct 26, 2008 READ MORE


McCain
Flickr / soggydan

McCain Announces Economic Plan

John McCain has laid out his plan for how he would help Americans recover from the recent shocks to the domestic and international markets. He took the action on Tuesday, a day later than he initially said he would and a day after Democratic presidential rival Barack Obama released his own economic plan—and McCain’s timing was not lost on the Obama campaign.

Posted on Oct 14, 2008 READ MORE


Retirees Wake Up to a Swindle

The essential fallacy of the 401(k) has been exposed. It took a historic market collapse—one that threatens to impoverish workers already in retirement and those who are nearing it.

Posted on Oct 13, 2008 READ MORE


Gravel

This Is Mike Gravel, Signing Off

The former senator from Alaska who read the Pentagon Papers into the congressional record in 1971 tells a small group after his failed bids for the 2008 Democratic and Libertarian nominations: “This is the end of my political career.” But don’t worry about Mike Gravel. He certainly doesn’t: “What’s the worst thing that’s happened to me? I go back to a normal life? At my age? This is terrible?”

Posted on May 28, 2008 READ MORE


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