As Donald Trump prepares to take office, the selection of cabinet members is becoming a focal point of his administration’s early strategy. Among the names being floated for the position of U.S. Treasury Secretary is Scott Bessent, a former executive at the hedge fund managed by Democratic megadonor George Soros. This potential appointment raises eyebrows and questions about the direction of fiscal policy under a Trump administration, particularly given Bessent’s background and previous af...
In an unexpected twist set to benefit millions, approximately 7.5 million Supplemental Security Income (SSI) recipients will receive two payments in November 2024. This financial windfall is not the result of any new government initiatives but rather a quirk in the calendar that has aligned in a way that allows for an additional payment.
Traditionally, SSI payments are distributed on the first of the month. However, due to the way the calendar falls in November 2024, the usual payment scheduled...
As the year 2025 approaches, Social Security recipients can anticipate a modest yet welcomed financial boost in their monthly checks. The Social Security Administration has announced a 2.5% cost-of-living adjustment (COLA), aimed at helping retirees and disabled veterans cope with rising living costs. This increase is designed to provide some relief to individuals relying on fixed incomes, ensuring they can maintain their purchasing power in an ever-changing economic landscape.
For many retirees...
In a remarkable turn of events, a three-day strike that brought operations to a standstill at 36 ports across the United States’ East and Gulf Coasts has concluded, following an agreement between the International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance. This sudden resolution not only alleviates fears of prolonged disruptions to shipping and transportation but also ushers in significant changes for dockworkers’ wages and conditions.
The strike, which l...
In a significant development, dockworkers represented by the International Longshoremen’s Association (ILA) have reached a tentative agreement with the U.S. Maritime Alliance, effectively putting a halt to a potential port strike that threatened to disrupt operations across East and Gulf Coast ports. This agreement, which comes after intense negotiations, will see an impressive 62% wage increase for dockworkers over the next six years. As part of the deal, the hourly wage for top dockworke...
