Retirees have less time to recover from bad investment moves than younger workers. If they or their advisers panic and sell during a brief downturn, they may lock in a more meager retirement. But their portfolio could be even more at risk if they hold on too long in a prolonged decline.
The US Office of Personnel Management tweeted out sample letters for federal employees to send to their creditors, mortgage companies or landlords. The letters suggest that employees ask to pay a reduced amount or create a payment plan in the coming months because they are out of work and not getting paid during the shutdown.
Trump told lawmakers he planned to scrap the 2019 pay bump for federal workers in August, saying the federal budget couldn’t support it. In addition to the 2.1% pay increase, the executive order also cancels a yearly adjustment of paychecks based on the region of the country where workers are posted, called the “locality pay increase,” that was due to take effect in January.
Federal Communications Commission Chairman Ajit Pai called the outage “completely unacceptable” in a statement. He said he spoke to CenturyLink about his concerns and has ordered an investigation.
“When an emergency strikes, it’s critical that Americans are able to use 911 to reach those who can help,” Pai said.
Despite what many people assume, central bankers are not driven by a desire for profit. They print their own capital, they hardly need to make a profit. Central bankers are also not driven by a desire to keep the current system afloat. They have demonstrated time and time again their habit of deliberately sabotaging the system through the use of inflationary bubbles followed by fiscal tightening into weak economic conditions. The U.S. economy today is just as expendable as any other economy the banks have destroyed in the past. It is not special.
Bracken: When The Music Stops – How America’s Cities May Explode In Violence (from 2012, thc0655)
The “food riots” will be a grass-roots movement of the moment born out of hunger and desperation. It will not be dependent upon leaders or an underlying organization, although they could certainly add to the sauce. Existing cell phone technology provides all the organization a flash mob needs. Most of the mobs will consist of minority urban youths, termed MUYs in the rest of this essay. Which minority doesn’t matter; each urban locale will come with its own unique multi-ethnic dynamic.
President Nicolas Maduro turned heads in November 2017 when he named a National Guard general with no oil experience to lead PDVSA [PDVSA.UL]. Quevedo’s actions since have raised even more doubts that he and the other military brass now running the company have a viable plan to rescue it from crushing debt, an exodus of workers and withering production now at its lowest in almost seven decades.
“They did everyone dirty,” said Kilby Baker, 70, a retired warehouse worker whose pension check was cut by about 25 percent after Marsh Supermarkets withdrew from the pension. “We all gave up wage increases so we could have a better pension. Then they just took it away from us.”
Also, McGee said Friday there had been no explosion. On Thursday night, the New York Police Department had tweeted about a “transformer explosion” at a Con Edison facility.
The issue caused a transmission dip in the area, and Con Edison crews responded with the New York Fire Department, the power company said.
The ice sheet’s persistent melting even in winter has come about because huge waves below the surface of the Atlantic Ocean, created by unusually strong winter winds, are pushing warm water up to Greenland—creating an environment that’s hostile for the country’s icy ecosystem, explains SAMS.
In a statement issued on Friday during a partial government shutdown, the EPA said the emission standards of the MATS rule would remain in place. But it proposed to withdraw the justification for the requirements.
“EPA is proposing that it is not ‘appropriate and necessary’ to regulate HAP emissions from coal- and oil-fired power plants . . . because the costs of such regulation grossly outweigh the quantified HAP benefits,” it said.
Constant, of Chillicothe, Missouri, and three others have pleaded guilty and are awaiting sentencing. Constant, who owned an Iowa grain brokerage, acknowledged that he sold $142 million worth of corn, soybeans and wheat over a 7 ½ year period that wasn’t organic despite his representations.
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