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The referee sent another photo from Frankfurt on July 1, showing his credit cards placed on a saucer next to six lines of chopped-up suspicious white powder.
Social Security is the most successful anti-poverty program in the United States, with over 67 million beneficiaries and yet it faces a critical funding problem. Experts estimate the program’s trusts will run out of funds around 2035 if no action is taken by Congress. President-elect Donald Trump previously pledged tax cuts for older Americans, posting on Truth Social in July that “SENIORS SHOULD NOT PAY TAX ON SOCIAL SECURITY!” However, a cut in taxes would mean a cut in revenue to fund the program. Experts say Trump’s tax cut proposal could mean Social Security would be unable to pay its full benefits by 2033 two years ahead of the current estimate. If lawmakers cant come up with a solution soon, experts say the impact will be felt by nearly all Americans no matter which generation.So, how did Social Security get to this point? And how can we can fix it?How Social Security works The program is funded on a pay-as-you-go basis through your payroll taxes. Both employees and their employers split the payment. Salaries are only taxed up to a certain amount, and varies each year. In 2024, the annual taxable maximum was $168,600 per worker.Todays workers are paying into the funds for current beneficiaries. When the program runs in deficit distributing more benefits than receiving funding it can tap into its two trust funds, the old age and survivors insurance trust fund and the disability insurance trust fund. The only issue is that the program has been drawing into these trust funds since 2010, and experts say the funds are expected to be depleted by around 2035.How did we get here?Experts point to two main reasons why Social Security is unstable: longer life expectancy and a decline in fertility rates.According to the U.S. Census, around 10,000 Baby Boomers turn 65 years old every single day. By 2030, all Boomers are expected to be at least 65 years old, a demographic shift known as the Gray Tsunami. And with life expectancy rates in the U.S. averaging in the mid-seventies, they could be receiving Social Security benefits for a while. At the same time, fertility rates have declined. This shift started around 2008 during the Great Recession, and has not rebounded since, according to Brookings Institute’s Director of the Retirement Security Project Gopi Shah Goda. What are the proposed solutions? There are two main ways Social Security can be brought back to financial stability: cut benefits or increase revenue. An immediate cut to benefits would amount to around a 21% cut to all current and future beneficiaries. A gradual benefit cut would amount to a 25% decrease in benefits. Congress could also increase the retirement age, which would mean beneficiaries would receive a smaller amount of benefits over their lifetime. Goda has another proposal known as progressive price indexing. “It would change the way that benefits are calculated, in such a way that affects higher income earners more than lower income beneficiaries,” Goda said.Another angle is to increase the programs revenue. An immediate tax hike would amount to a 3.4% payroll tax increase. A gradual tax increase would raise taxes of combined earnings up to 16.6% by 2050. Increasing taxes would require approval by Congress. Social Security is also only invested in U.S. treasury bonds, which provide a low rate of return. There have also been calls for the program to invest in assets that are riskier, but may have a potential higher reward. The challenge with that is you have to balance the trade offs that might come with potentially higher returns, but also more volatility, Goda said. Another option is to increase the taxable maximum. Goda says this option would increase the revenue for the program and could also potentially increase benefits, which would improve the financial status of the program.Policymakers can also look into a mixture of increasing both payroll taxes and cutting benefits. The major roadblock is getting Congress to agree on a solution. “Lately we see both sides promising not to touch anyone’s benefits,” Goda said. “But also no willingness to also increase revenues. So that kind of results in an impasse.” The one thing experts can agree on is the need to act now. “The solution that’s needed is going to be bigger and affect more people the longer we wait,” Goda said.
Unbabel on Wednesday announced an artificial intelligence-powered translation service, adding another rival to a highly competitive space.
Cockwells is accelerating the launch of its hotly anticipated new Duchy 45 gentleman’s cruiser after receiving two significant boosts. Read on.
Street flooding and constant drainage issues are plaguing New Orleans. There’s been a big uproar about the city’s drainage system, with many pointing fingers, but the big question is, how did we even get here in the first place? A former city councilman says our drainage system was once one of the best in the world, so good, in fact, that other countries would come to New Orleans to learn about our system to better theirs.Jim Singleton served the city of New Orleans for over three decades. For 20 of those years, he served as the chair of the city’s drainage committee. In the early ’90s, Singleton tried to keep the millage to continue funding the system. “The business council with Jim Bob Moffett was the chairman of the business council. They fought it, and when the vote came up, they killed the millage that had been in effect for 50 years,” Singleton said.The millage failed, costing the city hundreds of millions in funds. Singleton says if that millage continued, his hope was to replace the old equipment. The challenge was trying to appeal to the community to keep that funding, if not this could be the start of a major issue for the city’s future. “If we could not convince the community and the public officials to do something now, it’s gonna come back to haunt us later,” Singleton said. Councilman Oliver Thomas serves as the current chair of the city’s drainage committee, he says the city needs to do more to make sure drain lines are clean, let alone fully functioning. “What are we doing to make sure those drain lines are clean, restored, or replaced? Especially because after the first of the year, we’ll be combining that function with the sewerage and water board,” Thomas said. The catch basins and neighborhood drainage lines are run by the Department of Public Works, and the Sewerage and Water Board oversees the drainage canals and pump stations. Starting next year S&WB will oversee everything. Louisiana State Representative Stephanie Hilferty co-sponsored the bill that combined the drainage system, she says before problems are fixed, it all has to be under the same roof. “If you have a system that needs to operate continuously and seamlessly, you can’t have two distinct departments and entities controlling the system. It’s problematic,” Hilferty said. The biggest question for the Sewerage and Water Board will be funding. In order to get additional funding for drainage the city has to propose a millage, but with the strained relationship with S&WB and their customers, how can they get additional funding? Ghassan Korban, Executive Director of Sewerage and Water Board says right now it’s important for his department to gain the trust of the people in the city, especially after the over-billing debacle. “We’re installing smart meters at a rapid rate. We’re at about 50,000 installed already producing smart bills,” Korban said. Besides millages, Korban says they’re looking into other ways to get funding with the help of the city, possibly looking into installing a stormwater fee. “I think it’s the only way to really bring in funding that’s required to maintain both the major and minor drainage system as one system,” Korban said. With these new changes coming, questions and concerns are boiling over about funding for the system, and the manpower to get the job done. The Sewerage and Water Board says it’s gathering data from 311 calls and making assessments on where the problem areas were for the Department of Public Works, so once the Board takes over next year, it can hit the ground running. When it comes to funding, S&WB will wait to see what the city’s plans will be for the 2025 budget.
Although sexually transmitted infections are still at an epidemic level in the U.S., scientists at the U.S. Centers for Disease Control and Prevention are expressing cautious optimism about some decreases emerging in the newest data.Overall, CDC scientists say, there’s evidence that the nation’s STI epidemic may be slowing down, particularly when it comes to gonorrhea and syphilis, but there’s still a long way to go.”I am encouraged, and it’s been a long time since I felt that way about STIs,” said Dr. Jonathan Mermin, director of the CDC’s National Center for HIV, Viral Hepatitis, STD, and TB Prevention. “However, there were still more than 2.4 million STIs reported in the US in 2023, and the impact of STIs on the health of Americans remains severe.”There are more than 30 kinds of bacteria, viruses and parasites that people can pass to their partners while having vaginal, anal or oral sex, the World Health Organization says. Some of these infections can also be transmitted from a pregnant person to their child, sometimes with deadly results.Globally, 1 million curable STIs are passed to a partner or a child every single day, according to WHO. STIs can also cause health problems beyond initial symptoms; some may lead to reproductive problems and even organ damage if left untreated.A CDC report, released Tuesday, tracks three nationally notifiable STIs chlamydia, gonorrhea and syphilis and finds that over a million more cases were reported annually in the US in 2023 than 20 years prior.ChlamydiaChlamydia, a bacterial infection, was the most common STI in the new report.The number of chlamydia cases reported in the US in 2023 more than 1.64 million was about the same as the year before. There was a slight increase in the rate of cases among men and a slight decrease among women.Adolescents and young adults consistently make up more than half of chlamydia cases.One of the biggest challenges with chlamydia is that there are often no symptoms, or an infection may have minor signs that are shared with other diseases, like a burning sensation when urinating or abnormal discharge. However, without treatment, chlamydia can cause problems that make it difficult to get pregnant later.A person with chlamydia can be treated with antibiotics, and condoms can prevent infections.The CDC recommends that sexually active gay and bisexual men get tested for chlamydia every year. The agency also recommends annual testing for women who are sexually active and younger than 25 or who are are older than 25 and have risk factors like multiple sex partners.GonorrheaThere were 601,319 cases of the bacterial infection gonorrhea reported in 2023, the second straight year of declines.The rate of gonorrhea cases decreased 7.7% from 2022 to 2023 and 9.2% from 2021 to 2022. The decreases were seen across the board, for all demographics.As with chlamydia, gonorrhea may not cause symptoms, but an untreated infection may lead to fertility problems. It can be prevented by using condoms and treated with antibiotics.Doctors recommend annual testing for all sexually active women under the age of 25 or those older with multiple sex partners, and the CDC suggests that sexually active gay and bisexual men get tested every year.SyphilisSyphilis, a bacterial infection that can damage the brain, nerves, heart and eyes if left untreated, has been a growing challenge for health care providers in the United States. The country has seen double-digit increases in case rates over the past few years, but in 2023, rates increased only slightly, at 1%.The total number of syphilis cases reported in 2023 was 209,253, the highest number since 1950. The new report notes that there were significant declines in people in the first two stages of the disease, which are more infectious than later stages.Syphilis spreads when a person comes into contact with a syphilis sore, and not all sores may be covered by a condom, so condoms don’t prevent all cases.The CDC recommends that people who are sexually active and who identify as a gay or bisexual man get tested regularly. The agency also suggests testing for people who have HIV, people taking PrEP to prevent HIV, those living in a community with high rates of syphilis or those who have a partner who has tested positive for syphilis.Pregnant people can pass syphilis to their fetus, for whom an infection can be highly dangerous, possibly leading to stillbirth, preterm birth or even newborn death. All pregnant people should also get tested on their first prenatal visit. If they have an infection, antibiotics can prevent the spread of the disease to the fetus.The number of congenital syphilis cases for 2023 was the highest since 1992, with 3,882 cases reported, including 279 related stillbirths and neonatal/infant deaths. However, the rate of congenital cases shows signs of slowing, with only a 3% increase between 2022 and 2023. By comparison, some previous years saw increases of up to 30%, the CDC said.What’s behind the trends?The researchers behind the new report say they can’t explain exactly why so many people have STIs, although the epidemic in the US follows a global trend.The CDC’s Mermin believes that there are several factors driving STI trends, including a concerted effort among leaders in the public health community to diagnose and treat diseases early on, to help control the spread. He also says the increasing number of people who are going on PrEP to prevent HIV may be driving down the numbers because they get regularly tested for STIs.Additionally, Mermin noted an “unprecedented” temporary infusion of funding for disease intervention specialists at public health departments from the Biden administration. There is no clear indication that such funding would continue or increase under the second Trump administration, and funding varies at the local and state levels.”It’s important that we put our resources where our epidemics are, and STI prevention is a component of public health,” Mermin said.The numbers in the report reflect what Dr. Philip Chan is seeing at his own clinic, Open Door Health, the only publicly funded STI clinic in Rhode Island. Although the improvement in rates of disease is encouraging, he said, good numbers from one year don’t mean the epidemic is over.Chan, an associate professor of behavioral and social sciences and associate professor of medicine at Brown University, said he believes that increased testing and treatment are disrupting STI transmissions in the community. He also points to other positive trends like a decline in the number of high schoolers who have four or more sex partners and a 10% decrease in the number of high schoolers who say they’re having sex at all.”That’s good news, and we know that regardless of your views on sex, that the later sexual debut is, is generally associated with better health outcomes,” said Chan, who was not involved with the new report.For this positive trend among STIs to continue, he said, what would help most is something that would help Americans’ health in general.”I think the biggest thing that we could do as we talk about STIs is just improve general access to primary care and health in general,” Chan said. “Access to care is really probably the most important thing.”CNN’s Deidre McPhillips contributed to this report.
President-elect Donald Trump said Tuesday that he is nominating Fox News host and Army veteran Pete Hegseth to serve as his defense secretary.Hegseth, 44, is a co-host of Fox News Channels Fox & Friends Weekend and has been a contributor with the network since 2014, where he developed a friendship with Trump, who made regular appearances on the show.If confirmed by the Senate, he would inherit the top job during a series of global crises ranging from Russias war in Ukraine and the ongoing attacks in the Middle East by Iranian proxies to the push for a cease-fire between Israel, Hamas and Hezbollah and escalating worries about the growing alliance between Russia and North Korea.Hegseth is also the author of The War on Warriors: Behind the Betrayal of the Men Who Keep Us Free,” published earlier this year, and has been outspoken about rooting out what he has called woke-ness in the military.The book, according to its promo, combines his own war experiences, tales of outrage, and an incisive look at how the chain of command got so kinked, and bills itself as the key to saving our warriors and winning future wars.While the Pentagon is considered a key coveted post in any administration, the defense secretary was a tumultuous post during Trumps first term. Five men held the job during his four years only to resign, be fired or serve briefly as a stopgap. Just two of them were actually confirmed by the Senate.Trumps relationship with his civilian and military leaders during those years was fraught with tension, confusion and frustration, as they struggled to temper or even simply interpret presidential tweets and pronouncements that blindsided them with abrupt policy decisions they werent prepared to explain or defend. Many of the generals who worked in his first administration both on active duty and retired have slammed him as unfit to serve in the Oval Office and he has condemned them in return.Hegseth was an infantry captain in the Army National Guard and served overseas in Afghanistan, Iraq and Guantanamo Bay, Cuba. He was formerly head of the Concerned Veterans for America, a group backed by conservative billionaires Charles and David Koch, and he unsuccessfully ran for the Senate in Minnesota in 2012.He also championed the case of four former Blackwater contractors convicted in a 2007 shooting rampage in Baghdad that killed more than a dozen Iraqi civilians. They were pardoned by Trump in one of his final acts in office.With Pete at the helm, Americas enemies are on notice Our Military will be Great Again, and America will Never Back Down, Trump said in a statement. Nobody fights harder for the Troops, and Pete will be a courageous and patriotic champion of our Peace through Strength policy.”Hegseth has an excellent background as a junior officer but does not have the senior national security experience that secretaries need, said Mark Cancian, a senior advisor at the Center for Strategic and International Studies. I think Trump was tired of fighting with his secretaries of defense and picked one who would be loyal to him. Cancian said the lack of experience might make it more difficult for Hegseth to get through Senate confirmation.
The Mobile City Council Finance Committee met Tuesday afternoon to discuss the latest on the funding process for the new Civic Center project.
A San Jose councilman handed out free security cameras to business owners in his district Tuesday as part of a pilot program designed to deter break-ins and…
MELBOURNE, Australia, Nov. 12, 2024 /PRNewswire/ — Bizcap, a leader in innovative business financing, has announced its expansion into Singapore, marking a significant milestone in its journey to empower SMEs