RETIREMENT FAIRNESS ACT
In 2024, the US military sank the 360-foot Monarch Countess weighing 2,743 tons; the retired vessel now rises 100 feet from the seafloor in 180 feet of water
The Monarch Countess, a roll-on/roll-off vessel, now rests serenely on the Gulf of Mexico's seabed. This ship, having been adapted for military tests and enticing tourists, has become a focal point for ecological studies. Research indicates that artificial reefs like the Countess support marine biodiversity. Continued observation will reveal its long-term influence on local fish populations, potentially transforming the area into a prime fishing and diving destination.
Inflation, tariffs and a voter revolt: The midterm verdict on Trump's economy
US President Trump's policies led to rising inflation, resulting in substantial Republican losses in the midterm elections. Many voters attributed the economic challenges to Trump rather than his predecessor, Democrat Joe Biden. The electorate expressed dissatisfaction with the economy, particularly lower-income voters who felt financially worse off. Additionally, a significant number wanted the government to address healthcare costs and economic inequality.
Beyond Equity: Jiraaf’s Saurav Ghosh on how to customise your portfolio, and the importance of bonds
An investment portfolio should be customised to one’s own needs, because there tends to be no one-size-fits-all portfolio. The idea is to ensure financial goals are realised across timelines and not just a decade or twenty years later. Jiraaf founder, Saurav Ghosh, talked about the customisation, profit margins, risk management and more when it comes to allocating a part of one’s portfolio to bonds. Read on!
Apologise or go to Pakistan: Protests erupt in Jammu over Farooq Abdullah's remark
Farooq Abdullah's recent comments in Baramulla regarding Pakistan protecting Kashmiris have incited protests across Jammu. Various organizations, including BJP groups, demanded his immediate apology, stating his remarks were anti-national. Several political leaders, including BJP's Sat Sharma, called for legal action against Abdullah for his statements. Concerns were raised about national security and the implications of his words on sovereignty.
Social Security gets a 3.6% raise in 2027, but a 22% cut looms by 2032: Could a 40% payroll tax hike make Millennials and Gen Z pay more?
Your Social Security payment will rise 3.6% in January 2027, about $75 more a month on average. But the bigger story is 2032, when the retirement fund runs dry and benefits could be cut 22%. Fixing it may mean higher payroll taxes for workers, and the clock is already ticking.
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Succession battle breaks out at TVS as camps disagree over business division, family MoU
Deep disagreements over inheritance have emerged between Venu and Mallika Srinivasan's children, leading to potential legal action. While Venu and son Sudarshan believe a family asset division occurred, Mallika and daughter Lakshmi disagree. The conflict centers around a memorandum of understanding related to asset management versus ownership. Significant differences in the market value of their respective companies have intensified the dispute.
Warren Buffett's analysis was correct. His temper was not. The bill ran into billions
There was no bad analysis, no misread of a balance sheet, no industry he failed to understand. The company he bought was superb and remains the foundation of everything he built afterwards. And the single decision he took while buying it is the one he calls the most expensive of his career. He has had decades to work out why he made it. He has never managed to.
Could you claim full Social Security at 60? New bill targets blue-collar workers — here’s who may qualify
Social Security faces an impending financial wall. Most lawmakers looking at the math suggest raising the retirement age to keep the trust fund solvent. Rep. Haley Stevens, a Michigan Democrat, is proposing the exact opposite. Her Blue Collar Social Security Fairness Act would drop the retirement age to 60 for Americans in physically demanding fields. This covers construction workers, manufacturers, and nurses.
Some workers could get full Social Security at 60 under new bill - here’s who may qualify and what you need to know
Rep. Haley Stevens has introduced the Blue Collar Social Security Fairness Act to Congress this week. This bill allows eligible workers in physically demanding occupations to receive full benefits at the age of 60. Under current regulations, workers can claim full retirement benefits at 67 or begin collecting at 62 with reduced amounts.
US Social Security bill: Lawmaker wants full retirement benefits at 60 for workers in physically demanding roles
Representative Haley Stevens introduced a bill to allow workers in physically demanding jobs to retire at 60. Currently, the full retirement age is 67, which poses challenges for laborers. The bill aims to provide Social Security benefits earlier for those in occupations like construction and nursing. It offers a weighted points system to determine eligibility based on years worked in such jobs.
Higher EPS pension: Ruling party MP urges PM Modi to ensure uniform, time-bound implementation
BJP Rajya Sabha MP Ajeet Madhavrao Gopchade has urged Prime Minister Narendra Modi to intervene in pending higher EPS pension issues. He highlighted procedural hurdles under Para 26(6), continuing litigation, pending Parliamentary Assurance No. 271/72, financial sustainability concerns and differing pension treatment among trust employees. He sought uniform implementation, faster disposal of eligible claims and a comprehensive review of EPS-1995.
LVMH signed a secret 2002 pact to buy Hermes heir's shares. Now he says his fortune is missing
Luxury giant LVMH signed a secret 2002 agreement to buy Hermes shares from Nicolas Puech. The company also paid his wealth manager over twenty million dollars in fees. Puech alleges his fortune vanished through schemes involving his late wealth manager. LVMH denies any attempt to acquire Puech's stake against his will.
Supreme Court refuses to reconstitute panel probing police excesses against student protesters
The Supreme Court declined to alter the high-powered committee examining police actions. Objections against committee members were deemed based on conjecture and preconceived notions. The court directed the committee to proceed with its examination of allegations. Vulnerable witnesses will receive due protection and their identities kept confidential. Senior Advocate Monika Gusain will represent the committee as an independent arbiter.
BRICS adopts New Delhi Declaration: Inside the 140-point document on Global South's ambitions
BRICS leaders adopted the New Delhi Declaration at the 18th summit, reaffirming their commitment to cooperation, multilateralism and a more representative global order. The document outlines India's 2026 chairship priorities, recognises partner countries' contributions and calls for greater participation of Emerging Markets, Developing Countries and Least Developed Countries in global governance.
Why the next Atmanirbhar challenge for Indian business may be arbitration
As India experiences significant economic growth, there is a call to address overseas commercial disputes on home soil. Traditionally, Indian companies have favored arbitration venues in Singapore and London. However, the government's vision is to cultivate trustworthy arbitration institutions, promoting self-reliance and expanding the global presence of Indian professionals in sectors beyond manufacturing and technology.
Indian retirees missed out on equity wealth: How decades of pension-led retirement saving left portfolios stock-light
For the longest time, we had a defined benefit plan. Even today, we have around us many retired government and public sector employees (and their widows and dependent children as applicable) earning a lifetime inflation-adjusted monthly pension that is way beyond their contributions during their earning years.
SC Judge writes to CJI, seeks transfer of Rajasthan High Court acting Chief Justice
Justice Mehta made the request in three letters on August 2, August 10 and August 17, copies of which were sent to members of the SC Collegium. Justice Mehta, who was earlier a judge of the Rajasthan HC, said complaints received by him about Justice Sharma's functioning "prima facie" raised doubts about his integrity. He alleged that several Rajasthan HC judges had approached him and expressed concerns about Justice Sharma's conduct.
Punjab CM's wife sends notice to ex-judge over allegation of demanding Rs 5 cr to suppress rape case
Gurpreet Kaur, wife of Punjab Chief Minister Bhagwant Mann, has sent a legal notice to a former judge. This action follows allegations that she sought five crore rupees to suppress a rape case. The National Human Rights Commission has also issued a notice to the Punjab government. Opposition leaders have called for Chief Minister Mann to clarify the serious allegations.
Indian Army clears Lt Col Prasad Shrikant Purohit for Brigadier rank after AFT relief
Lieutenant Colonel Prasad Shrikant Purohit has been cleared for promotion to Brigadier. This follows a stay on his retirement by the Armed Forces Tribunal. Purohit had sought promotion after his acquittal in the 2008 Malegaon blast case. The Mumbai NIA court acquitted him and six others. The blast occurred in 2008. Investigations and trials spanned many years.
Millions at risk as CBO warns Social Security’s main trust fund could run out sooner
Social Security’s trust fund is now projected to run out in 2032. That is one year earlier than expected. The Social Security depletion date matters for nearly 70 million Americans. After insolvency, benefits could drop by 28%. Payroll taxes would cover only about 72% of payments. Lawmakers face pressure to reform retirement benefits, payroll taxes, and the funding gap before automatic cuts hit seniors.
Historic Social Security shake-up ends after 40 years — brace for the next wave of changes
Historic Social Security shake-up ends after 40 years. Millions of retirees are finally getting bigger checks. The Social Security Fairness Act repeals WEP and GPO, ending decades of penalties for public-sector workers. Retroactive payments have started, averaging $6,700, with over 3 million payments issued. Teachers, firefighters, and police officers see higher monthly benefits. Future retirees must rethink claim timing and pension strategy. While the reform boosts fairness, the Social Security Trust Fund faces long-term pressure, making planning and savings more important than ever.
July Social Security boost for teachers, firefighters and more
In January 2025, the Social Security Fairness Act was enacted, marking a significant shift in how benefits are allocated. This new law eliminates previous regulations that unjustly diminished payments for countless individuals. As a result, firefighters and the spouses of deceased workers can now look forward to higher benefit amounts.
Social Security Fairness Act benefit increases reach 91% processed — what public employees need to know about their higher Social Security payments and lump sum retroactive checks in 2025
Social Security Fairness Act benefit increases and lump sum payments have now been processed for about 91% of the nearly 3 million affected people. This new law, passed in January, removes rules that lowered benefits for public workers with pensions but no Social Security taxes. Many beneficiaries are seeing monthly Social Security check boosts and retroactive lump sums from January 2024. While automation sped up payments, about 300,000 complex cases still need manual review. The Social Security Administration promises to complete all adjustments by early November, ensuring fairer benefits for teachers, firefighters, and other public servants.
Social Security Fairness Act big update given on expanded benefits. Here's how it will impact millions of Americans
The Social Security Administration is processing expanded benefits under the Social Security Fairness Act. The Act removes provisions that reduced benefits for some. Around 91% of cases are processed, with retroactive payments issued. Complex cases are still under review. Commissioner Frank Bisignano aims to resolve all claims by July 1.
Higher Social Security benefits rolled out in April 2025: Who qualifies under the new law
The Social Security Fairness Act is now being viewed as a landmark piece of legislation that restores long-denied income to America’s public sector retirees, many of whom dedicated decades to essential service.
Invest wisely for retirement; expecting a pension way above what was earned while working is unreasonable
Election freebies, mismanagement of public funds, corruption in allocation and spending of government funds are all ills we have suffered consistently over many years
Jim Carrey hints at retirement after 'Sonic of Hedgehog 2', says wants to enjoy the quiet life
Carrey is not new to extended acting breaks.
Bureaucrats free to air opinion during decision making: Arun Jaitley
Jaitley, however, said the RTI Act can create hindrance to some extent and the civil servants may not feel free to air their opinion apprehending that the same may become public later.
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