Social Security Administration Says No Cost of Living Adjustment in 2011

There will be no cost-of-living adjustment in Social Security payments for 2011, the second straight year without an increase.

The Social Security Administration said today that inflation is too low to justify a boost. The decision will affect more than 58 million retirees and disabled Americans.

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“We’re a little bit upset because our bills are going up and our Social Security…

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Social Security Administration Says No Cost of Living Adjustment in 2011 originally appeared on DailyFinance on Fri, 15 Oct 2010 08:58:00.

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The High Price of New Jersey’s Cheap Gasoline Tax

At 10.5 cents per gallon, Jersey has the third-lowest gas tax in America, and Gov. Chris Christie isn’t about to change that. Problem is: The state’s transportation trust fund, which depends on gasoline taxes, is running dry –…

UBS Will Not Take Legal Action Over Subprime Losses

Switzerland’s UBS (UBS) will not take legal action against former employees for racking up the massive losses on subprime mortgages that left the company needing a bailout.

Kaspar Villiger, the UBS chairman, said that company was looking to the futur…

Report: Treasury Outsourced Foreclosure Bailout

The government’s efforts to stem the foreclosure crisis may have been hampered by its reliance on Fannie Mae and Freddie Mac, according to a new report.

The two mortgage giants have “a history of profound corporate mismanagement,” and were overly reliant on subcontractors, the report by the Congressional Oversight Panel said.

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Private businesses “do not take an oath of office, nor…

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Report: Treasury Outsourced Foreclosure Bailout originally appeared on DailyFinance on Thu, 14 Oct 2010 07:33:00.

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