Keyword: cola

Brevity: Headers | « Text »
  • Coca-Cola calls in police after human waste is found in cans

    03/29/2017 11:29:18 AM PDT · by LibWhacker · 42 replies
    The Guardian ^ | 3/28/17 | Henry McDonald
    Northern Ireland factory halts production after machine became clogged with faeces, though no contaminated drinks reached shelvesCoca-Cola has called in police to investigate how human waste turned up in a consignment of its drink cans at one of the company’s factories in Northern Ireland. The Police Service of Northern Ireland confirmed on Tuesday it had opened an inquiry into how faeces ended up in the cans at the Helllenic Bottling Company factory in Lisburn, Co Antrim. Coca-Cola suspended night-time processing last week at the plant when machines became clogged. The soft drinks giant said it impounded all the affected cans...
  • Soda companies, supermarkets report 30-50 pct. sales drop from soda tax

    02/22/2017 5:07:46 AM PST · by Prov1322 · 57 replies ^ | 02.21.2017 | Julia Terruso
    Two months into the city’s sweetened-beverage tax, supermarkets and distributors are reporting a 30 percent to 50 percent drop in beverage sales and are planning for layoffs. One of the city's largest distributors says it will cut 20 percent of its workforce in March, and an owner of six ShopRite stores in Philadelphia says he expects to shed 300 workers this spring. “People are seeing sales decline larger than anything they’ve seen up to this point in the city,” said Alex Baloga, vice president of external relations at the Pennsylvania Food Merchants Association. In response, the city questioned the legitimacy...
  • Social Security checks get measly $3.92 bump in 2017

    10/19/2016 11:09:59 AM PDT · by MaxistheBest · 122 replies ^ | 10/19/2016 | Chris Isidore
    The typical retiree's monthly Social Security check will get only $3.92 bigger next year. That amounts to an increase of just 0.3% -- the smallest ever put in place to help cover higher prices. That's still an improvement from this year, when the lack of inflation kept benefits from increasing at all. The average retiree's monthly benefit is currently $1,305.30. "Over the last five years, Social Security COLA's have remained small or nonexistent," said AARP. "Every cent can matter to beneficiaries and their families. After last year's zero COLA, this year's announcement doesn't offer much help to the millions of...
  • Say Goodbye to the Annual Pay Raise

    06/26/2016 5:57:44 AM PDT · by grey_whiskers · 44 replies
    MSN Money ^ | June 26, 2016 | Bloomberg Staff
    Annual pay raises don't work. The salary increase serves two purposes: to motivate workers and to keep employees from leaving for a better-paying job. In its current form, the traditional raise does neither of those things very well. "You can't really do a lot with the annual raise," said Evren Esen, director of survey programs at the Society for Human Resource Management. When the economy is decent, annual pay adjustments come in at 1 percentage point or 2 percentage points ahead of inflation for a given year. That doesn't go far. Employees expect to get at least the cost of...
  • Here's How much money it takes to live comfortably in the 50 biggest US cities

    04/19/2016 12:47:45 PM PDT · by SeekAndFind · 28 replies
    Business Insider ^ | 04/19/2016 | Elyssa Kirkham, GOBankingRates
    Unless you're tracking expenses carefully, it can be hard to tell whether your city's cost of living or your own spending habits are the cause of your financial troubles. Using the 50-30-20 budgeting rule, for example — in which 50 percent of income covers necessities, 30 percent is for discretionary items and 20 percent is saved — you can quickly determine whether your income is sufficient to cover expenses for living in your city. If it isn't, you might have to cut costs or maybe even move. GoBankingRates conducted a cost-of-living comparison of the 75 most populous U.S. cities, surveying...
  • Why The True Cost Of Living Is Much Higher Than We're Told (Or Sold)

    03/20/2016 6:23:09 PM PDT · by SkyPilot · 71 replies
    Zerohedge ^ | 20 Mar 16 | Adam Taggart and Tyler Durden
    Over the past decade, we've been told that inflation has been tame -- actually below the target the Federal Reserve would like to see. But if that's true, then why does the average household find it harder and harder to get by? The ugly reality is that the true annual cost of living is far outpacing the government's reported inflation rate. By nearly 10x in many parts of the country. This week, we welcome Ed Butowsky, developer of the Chapwood Index, to the program. His index is a 'real world' measure of how prices are increasing much faster than the...
  • Mum died after "excessive consumption" of caffeine from drinking 8 litres of Pepsi Max every day

    11/04/2015 7:45:41 AM PST · by DUMBGRUNT · 55 replies
    mirror ^ | 4 nov 2015 | EUGENE HENDERSON
    A post mortem found she died as a result of her "excessive consumption" of caffeine from the fizzy pop combined with her prescription drugs. "When mum was drinking heavily she could get through a one-litre bottle of vodka a day and four two-litre bottles of Pepsi Max."
  • Social Security is screwing over America’s elderly

    10/20/2015 5:31:34 AM PDT · by · 28 replies
    NY POST ^ | October 17, 2015 | Jonathon Trugman
    More than 65 million seniors got their pockets picked last week, and the hue and cry could be heard across the country. The Social Security Administration announced Thursday that there would be no cost-of-living adjustment (COLA) for 2016. Yes, America’s elderly, who paid into the system with each paycheck, are getting screwed. And that’s due to the way the SSA’s COLA calculation is done — it essentially comes directly from the notoriously inaccurate Consumer Price Index (CPI). Why not use the “Core CPI,” which strips out food and energy and is not subject to the volatile swings in commodities...
  • Medicare Premiums May Soar as Social Security Payments Stay Flat

    10/15/2015 11:18:53 AM PDT · by Brad from Tennessee · 25 replies
    New York Times ^ | October 15, 2015 | By Robert Pear
    WASHINGTON — The 60 million people on Social Security will not receive any cost-of-living increase in their benefits in 2016, the government said on Thursday, but because of a quirk in federal law, nearly one-third of Medicare beneficiaries could see record increases in their premiums unless Congress intervenes. With millions of older Americans on fixed incomes facing that one-two punch, the Obama administration is urging Congress to moderate or stop the health insurance premium increases, which could raise the cost for some Medicare beneficiaries by about 50 percent — the largest increase, by far, in the history of Medicare. But...
  • Government Says No COLAs for Social Security in 2016

    10/15/2015 7:57:23 AM PDT · by SeekAndFind · 59 replies
    US News and World Report ^ | 10/15/2015 | STEPHEN OHLEMACHER
    WASHINGTON (AP) — There will be no benefit increase next year for millions of Social Security recipients, disabled veterans and federal retirees, the government said Thursday. It's just the third time in 40 years that payments will remain flat. All three times have come since 2010. And there's more bad news. The lack of a benefit increase means that many older people could face higher Medicare costs, an issue that has advocates lobbying Congress. The main reason for no increase next year is low gas prices. By law, the annual cost-of-living adjustment, or COLA, is based on a government measure...
  • Expect no cost-of-living adjustment to Social Security in 2016

    10/10/2015 2:02:00 AM PDT · by JoeProBono · 45 replies
    aier ^ | 6 October 2015 | Polina Vlasenko
    The annual cost - of - living adjustment (COLA) to Social Security benefits will likely be zero in January 2016. The COLA will be announced on Oct. 15, when the last data required to compute it becomes available. But the data already suggest that prices have fallen over the past 12 months, removing the need for an adjustment. If prices have fallen but the COLA is zero, the purchasing power of Social Security benefits would increase. The Social Security Administration determines the COLA based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) compiled by the...
  • Diet Soda Linked to Increased Belly Fat in Older Adults

    03/17/2015 4:10:24 PM PDT · by NormsRevenge · 71 replies
    Yahoo News ^ | 3/17/15 | Agata Blaszczak Boxe -
    Older adults who drink diet soda may experience greater increases in their waist size over a decade than those who do not drink diet soda, according to a new study. Researchers found that the average increase in waist circumference among the people in the study who drank diet soda daily was more than triple that of the people who did not drink diet soda. Among the people who drank diet soda only occasionally, the increase was more than double that of those who did not drink diet soda. "The more people drank diet sodas, the more their waistlines expanded," said...
  • Walker praises Ryan for budget deal (2013)

    01/31/2015 8:44:29 PM PST · by ObamahatesPACoal · 55 replies ^ | Dec 15, 2013
    Gov. Scott Walker is praising fellow Wisconsin Republican Paul Ryan for the congressman's role in broking a bipartisan budget bill that's been blasted a by number of conservatives. Walker said on NBC's "Meet the Press" that Ryan provided strong leadership on the bill that passed the House Thursday and awaits Senate action.
  • Coca-Cola or Pepsi: Can You Guess Which Brand Is Tops in Consumer Loyalty?

    04/28/2014 12:28:31 AM PDT · by kingattax · 40 replies
    The Motley Fool ^ | Apr 27, 2014 | Sean Williams
    We know Coca-Cola and Pepsi are profitable soft-drink giants, but one of these two companies is significantly better than the other at keeping customers loyal and engaged with the brand. Although the soda industry is made up of dozens upon dozens of beverages choices, chances are good that the soda you last consumed was made by either Coca-Cola (NYSE: KO) or PepsiCo (NYSE: PEP), which absolutely dominate the industry.
  • Telephone town hall with NRCC Chairman Greg Walden & Ryan on April 30th.

    04/25/2014 4:21:25 PM PDT · by ObamahatesPACoal
    NRCC | Paul Ryan
    Friend, I’m excited to announce that I’ll be hosting a telephone town hall with NRCC Chairman Greg Walden on April 30th. This call will be a great opportunity to discuss with you the issues facing our nation and also to hear from you about what’s important to your local community. This call is open to anyone with an up-to-date 2014 NRCC Membership. I’m looking forward to a good discussion on April 30th. I hope you decide to take part. Space is limited and we need to know right away if you’re in. Thanks again for your support. Paul Ryan
  • Diet drinks linked with heart disease, death

    03/30/2014 1:04:08 PM PDT · by 2ndDivisionVet · 48 replies
    CNBC ^ | March 29, 2014 | Maggie Fox
    Women who drink the most diet sodas may also be more likely to develop heart disease and even to die, according to a new study published Saturday. Researchers found women who drank two or more diet drinks a day were 30 percent more likely to have a heart attack or other cardiovascular "event," and 50 percent more likely to die, than women who rarely touch such drinks. The findings, being presented at a meeting of the American College of Cardiology, don't suggest that the drinks themselves are killers. But women who toss back too many diet sodas may be trying...
  • House votes to restore military pensions

    02/11/2014 3:43:43 PM PST · by SkyPilot · 18 replies
    CNN ^ | 11 Feb 14 | Jennifer Liberto and Deirdre Walsh
    <p>The House on Tuesday passed a bill to restore pension increases for some 750,000 military retirees.</p> <p>The House voted 326 to 90 to undo cuts to cost-of-living hikes for military pensions for all current retirees and anyone who enlisted before Jan. 1. The Senate is expected to vote Wednesday.</p>
  • US Congress revisits military pension cuts amid outcry from veterans' groups

    01/28/2014 3:10:56 PM PST · by SkyPilot · 33 replies
    The Guardian and AP ^ | 28 Jan 14 | Staff
    Congress is revisiting its decision to cut annual cost-of-living adjustments (Cola) to pensions for most working-age military retirees after talk of the cuts drew outrage from veterans' groups and others. The budget agreement approved this month reduced those adjustments by 1% annually once a service member retires until that retiree reaches 62. Lawmakers on the Senate Armed Services Committee, back from a week-long break in their home states, said they were interested in repealing the Cola change scheduled to take effect on 1 December 2015. But Pentagon officials asked them to hold off on making any more changes until a...
  • Vets push Congress for fix to pension cut

    01/28/2014 4:45:33 AM PST · by SkyPilot · 5 replies
    The Hill ^ | 27 Jan 14 | Jeremy Herb and Kristina Wong
    Veterans groups are growing increasingly frustrated that Congress has not made any headway toward reversing a $6 billion cut to military pensions. The groups are determined to reverse the cut because they fear it is a first step toward larger cuts in military compensation and benefits. More than a dozen bills have been introduced in both chambers to repeal the cut, which reduces the annual cost-of-living adjustment (COLA) by 1 percentage point below inflation for retirees younger than 62. The change would take effect in December 2015. While more than a third of lawmakers have backed one or more of...
  • COLA Wars

    01/20/2014 4:39:27 PM PST · by SkyPilot · 26 replies
    National Review ^ | 20 Jan 14 | Pete Hegseth
    Why trimming military pensions irks this deficit-hawk veteran. With a $1.1 trillion budget wending its way through Congress and likely headed for President Obama’s desk, officials in Washington are no doubt patting themselves on the back for a job well done. Here’s who won’t be cheering the news: American veterans and military retirees and their families. Tucked away in this massive spending package is a provision that chops away at the annual cost-of-living adjustment (COLA) raises for military retirees and family survivors, in order to save an estimated $6 billion over the next ten years. You could argue that I,...
  • New COLA 'fix' creates have, have-not disabled retirees

    01/16/2014 8:30:19 AM PST · by SkyPilot · 10 replies
    Stars and Stripes ^ | 16 Jan 14 | Tom Philpott
    Congress has rushed to protect the medically retired and survivor benefit recipients from the cap on annual cost-of-living adjustments it approved only a few weeks ago for all “working age” military retirees. The quick “COLA fix,” part of a massive “omnibus” funding bill for 12 federal departments, still leaves most military retirees under age 62 with future COLAs trimmed by one percent below the annual inflation rate, an erosion of retirement value set to begin in January 2016. The fix also creates a disparity in COLA protection between separate groups of disabled retirees, critics contend. It won’t affect retirees with...
  • "Had Mitt and I Won, This Would Not Be Necessary"

    01/15/2014 7:21:15 PM PST · by SkyPilot · 383 replies
    Slate ^ | 15 Jan 14 | David Weigel
    The feedback continues, with a bunch of military veterans and family members asking me how I could defend the callous COLA cuts to military pensions by way of explaining why Congress is trying to undo them. Another reader email: I strenuously object to being asked to sacrifice any more! I risked my life in two deployments to war zones, sacrificed my health (I'm also a disabled veteran), and jeopardized my relationship with my family for my country. I find Congress' latest demand a kick in the gut. We veterans and retirees have sacrificed enough without having to endure the...
  • Americans cut back on Soda - Coca-Cola, PepsiCo and Dr. Pepper Snapple Group see continued sales...

    07/27/2013 1:38:23 PM PDT · by neverdem · 99 replies
    NY Daily News ^ | July 26, 2013 | ASSOCIATED PRESS
    It seems that not even Beyonce or new, lower-calorie options can convince Americans to drink more soda. Coca-Cola Co., PepsiCo Inc. and Dr Pepper Snapple Group Inc. all sold less soda in the second quarter in North America, dashing hopes for the moment that splashy new marketing and different sweetener mixes could get drinkers back. Coca-Cola Co. said it sold 4 percent less soda in North America, while PepsiCo Inc. simply said its decline for the region was in the "mid-single digits." Dr Pepper sold 3 percent less of the fizzy drinks...
  • Green Coke With Natural Sweetener Stevia Launched In Argentina

    07/23/2013 6:18:50 PM PDT · by drewh · 27 replies
    South Atlantic News Agency ^ | Tuesday, July 23rd 2013 - 07:16 UTC
    The drinks giant has launched Coca Cola Life, which is sweetened with sugar and the naturally occurring, no-calorie sweetener stevia. The new product features a striking green label and is packaged in the award-winning PlantBottle. This is made with 30% plant material and is fully recyclable. Coca Cola says the bottle “looks functions and recycles just like traditional PET plastic, but does so with a lighter footprint on the planet and its scarce resources”. The new drink has 108 calories in a 600 millilitre bottle - between classic Coke with 250 calories and the zero-calorie Diet Coke. “Coca-Cola Life is...
  • Coke's cool idea? Ice bottles

    07/10/2013 2:39:24 PM PDT · by Hotlanta Mike · 19 replies ^ | Wednesday, July 10, 2013 | George Mathis
    Beachgoers in South America can have a cold Coke and a smile, but unlike other consumers of the world's most popular soft drink, they can drink it directly from a bottle made entirely of ice. The Atlanta-based company says the “cold to the last drop” bottles "continue to make quite a splash in Colombia and throughout the advertising world." Indeed, the cool marketing ploy, began this year, has won Coca-Cola several awards. How does it work?
  • Mississippi comes to defense of large sodas with ‘anti-Bloomberg’ bill

    03/12/2013 10:13:21 AM PDT · by Olog-hai · 19 replies
    Washington Post ^ | March 12, 2013 at 11:44 am | Sarah Kliff
    A New York judge isn’t the only one taking aim at New York City’s ban on large, sugary drinks. In a move to prevent such regulations from taking hold elsewhere, Mississippi legislators have passed an “anti-Bloomberg bill” that bars counties from passing and enacting laws that require calorie counts to be posted or caps the size of beverages or foods. You can read it here. The legislation is now on Gov. Phil Bryant’s desk and NPR reports that he is expected to sign it. Mississippi, it’s worth noting here, already has the highest obesity rate in the country. …
  • Coroner Concludes Woman’s 2 Gallon A Day Coca-Cola Habit “A Substantial Factor” In Her Death

    02/12/2013 2:05:35 PM PST · by SMGFan · 63 replies
    When a New Zealand woman died in February 2010, her family swiftly pointed fingers at her 2.2 gallon a day Coke habit. Not the white powdery stuff, the drinkable, cola-y stuff. And although it’s taken three years, a coroner has found that the beverage was a major factor in her death. Coca-Cola had pointed out last year that too much water is bad for you as well, so it’s not surprising that the company disagrees with the ruling. The 30-year-old mother of eight guzzled a whole lot of Coke for years before her death, and the coroner said a bunch...
  • Coca-Cola 'the real deal' for gastrointestinal clogs

    01/08/2013 10:34:57 AM PST · by fso301 · 64 replies
    The Jerusalem Post ^ | 01/07/2013 | Judy Siegel--Itzkovich
    When cars had metallic bumpers, sodas were used to polish them, and popular acidic soft drinks has also been known to be a good toilet-bowl cleaner. Now, Greek gastroentrologists headed by Dr. Spiros Ladas at Athens University Medical School and Laikon Hospital have published a study proving that drinking Coca-Cola (the brand name provided in the article) can open up clogs in people with overly convoluted gastrointestinal systems caused by the ingestion of digested fruits and vegetables. They published their findings on Monday in the journal Alimentary Pharmacology and Therapeutics.
  • Pepsi seeks lead in the cola wars with new ‘fat-blocking’ soda (Moochelle approved?)

    11/13/2012 7:00:23 PM PST · by Libloather · 32 replies
    Examiner ^ | 11/12/12 | Danielle Tworek
    Pepsi seeks lead in the cola wars with new ‘fat-blocking’ sodaBy: Danielle Tworek November 12, 2012 In the endless battle to shake their growing reputation as a key trigger point in America’s obesity epidemic, the major soda manufacturer, Pepsi, has a new invention for the soda market: Pepsi Special, the “fat-blocking” cola. On November 13, consumers in Japan will believe they can say yes to the fries and even add a little bacon on that burger as they head through the drive-thru, as long as they include a large Pepsi Special with their meal deal. At least that’s the concept...
  • Destruction of the US Dollar

    10/15/2012 2:04:32 PM PDT · by Tolerance Sucks Rocks · 11 replies
    Patriot Action Network ^ | October 14, 2012 | Roger O'Daniel
    The picture below shows $15 trillion dollars worth of $100 bills on $10 million dollar pallets stacked on top of each other over an area that is one third larger than a regulation football field. An electronics van is parked between the stack and the Statue of Liberty. A single $100 million dollar pallet rests in front of the truck’s cab. See it?Recently, I reported that the Federal Reserve Bank (FED) secretly gave ten trillion dollars of interest-free loans to over a dozen European banks to shore up the Euro and keep them financially solvent. I later found out that...
  • Activist firm takes $600 million stake in PepsiCo (prepares to dump Obama-loving CEO Indra Nooyi)

    05/16/2012 4:50:32 PM PDT · by jimbo123 · 21 replies
    KPVI ^ | 5/15/12 | AP
    Activist investor Ralph Whitworth says his firm has taken a $600 million stake in PepsiCo Inc., a move that could ramp up pressure on the company to make changes.
  • Study Connects Cola Dye Ingredient to Cancer (BS Study Alert)

    03/08/2012 3:35:25 PM PST · by caldera599 · 16 replies ^ | 3/8/2012 | Zoe Bain
    Could an ingredient found in the dye that provides cola with its traditional brown shade cause cancer? A controversial report released by the Center for Science in the Public Interest (CSPI) says yes. According to CBS News, the consumer interest group, CSPI, published a report, which linked Coca-Cola, Diet Coke, Pepsi, and Diet Pepsi, as well as some other brown-hued sodas to a cancer-causing chemical. The chemical, 4-methylimidazole, more commonly referred to as 4-MI or 4-MEI, has been proven to cause cancer in lab rats and mice. The CSPI has petitioned the FDA to enforce a labeling system that would...
  • Consumer group finds cancer-causing chemical in colas

    03/06/2012 12:42:28 PM PST · by Oldeconomybuyer · 39 replies
    Los Angeles Times ^ | March 6, 2012 | By Eryn Brown
    In a letter to the U.S. Food and Drug Administration, the consumer watchdog group Center for Science in the Public Interest called on officials to ban the use of caramel coloring in popular soft drinks, citing a possible cancer risk. This isn’t the first time that CSPI has targeted the food additive that gives colas, including Coke and Pepsi, their familiar brown color. But the far bigger worry for soda drinkers remains high-fructose corn syrup and other sugars used in soft drinks. "Soda drinkers are much more likely than non-soda drinkers to develop weight gain, obesity, diabetes and other health...
  • Social Security to hand out first raises since '09

    10/18/2011 5:46:50 PM PDT · by STARWISE · 46 replies
    AP/Yahoo ^ | 10-18-11 | Stephen Ohlemacher
    Social Security recipients will get a raise in January — their first increase in benefits since 2009. It's expected to be about 3.5 percent. Some 55 million beneficiaries will find out for sure Wednesday when a government inflation measure that determines the annual cost-of-living adjustment is released. Congress adopted the measure in the 1970s, and since then it has resulted in annual benefit increases averaging 4.2 percent. But there was no COLA in 2010 or 2011 because inflation was too low. That was small comfort to the millions of retirees and disabled people who have seen retirement accounts dwindle and...
  • Marijuana plants grew near Osama hideout, servants on cola

    05/04/2011 12:14:57 PM PDT · by jakerobins · 22 replies
    High-strength marijuana plants have been found just yards from the mansion of slain al-Qaeda chief Osama bin Laden who was killed by US commandos deep inside Pakistan on Sunday. CNN reported from close to the 9/11 mastermind's mansion in the military garrison town of Abbottabad today that the marijuana plants were growing alongside other crops including cabbages and potatoes. Despite being a short walk from a military training academy dubbed 'Pakistan's Sandhurst'--800 yards away-- the illegal crop had remained undiscovered, it said
  • BREAKING NEWS: Coca Cola Recipe 'Discovered'

    02/14/2011 7:08:52 PM PST · by Nachum · 102 replies
    fox news ^ | 2/14/11 | staff
    The ingredients of the drink, founded by John Pemberton, a medicinal pharmacist in 1886, have always been a mystery. However, claims to have discovered a list in a photograph in a newspaper article giving the ingredients and exact quantities to make the drink.
  • Hourly Action In Gold From Trader Dan

    02/02/2011 10:45:14 PM PST · by Razzz42 · 16 replies · 1+ views
    Jim Sinclair's Mineset ^ | February 2, 2011 | Dan Norcini
    Another day, another all time record high in commodity prices as the CCI (Continuous Commodity Index) did it yet again. Corn, wheat and soybeans all put in 30 month highs with wheat now having effectively doubled in price since June of last year. Brent crude is now trading above $102/barrel and is now back to levels last seen in September 2008. Ditto for Unleaded gasoline. Coffee is at another 13 year high, sugar hit an astonishing $0.36/pound while copper added on more to its record high from yesterday. Cotton is near 140 year highs, last seen during the era following...
  • Trader Dan Comments On Today’s Commodity Market Action

    12/23/2010 8:11:43 AM PST · by Razzz42 · 5 replies
    Jim Sinclair's Mineset ^ | December 22, 2010 | Dan Norcini
    ...My fear mentioned above is that in addition to consumers soon to get walloped with sticker shock at the grocery stores within the space of a few months as the price rise works its way through the distribution channels, they were also going to get hit with rising gasoline and energy costs, a double whammy for their pocketbooks at the time that many can ill afford it. There are so many struggling families dealing with lost incomes and underemployment for those fortunate enough to have found work, that any further price pressures on the energy front would act to take...
  • GOP blocks Democratic effort to award seniors $250 in lieu of lack of COLA increase next year

    12/08/2010 12:48:11 PM PST · by ButThreeLeftsDo · 31 replies ^ | 12/8/10 | JIM ABRAMS , Associated Press
    House Republicans on Wednesday thwarted a Democratic effort to award $250 checks to Social Security recipients facing a second consecutive year without a cost-of-living increase. President Barack Obama and Democrats have urged approval of the one-time payment, saying seniors barely getting by on their Social Security checks face undue hardships without the COLA increase. But Republicans contended that the nation couldn't afford the estimated $14 billion cost of the payment, and that the COLA freezes in 2010 and 2011 come after seniors received a significant boost in 2009.
  • Bam's desperate bribe

    10/20/2010 3:22:20 AM PDT · by Scanian · 5 replies
    NY Post ^ | October 20, 2010 | Editorial
    President Obama last week urged Congress -- likely in a post-election lame-duck session -- to send senior citizens a payment of $250 to offset stagnant Social Security benefits. Total cost of this plan: $15 billion. Social Security's built-in cost-of-living adjustments are meant to protect seniors. But inflation has been flat, so the Social Security Administration hasn't raised benefit levels for two years. But that won't buy many votes, so the administration wants to borrow and spend another $15 billion to purchase as many as possible. At least, that's the only explanation that makes sense. Seniors, after all, as a group...
  • No COLA for Seniors – Welcome to the club

    10/12/2010 9:32:31 AM PDT · by Lexluthor69 · 14 replies
    The Silent Majority ^ | 10-12-10 | Southernman
    From Yahoo News: Senior citizens brace for Social Security freeze BOCA RATON, Fla. – Seniors prepared to cut back on everything from food to charitable donations to whiskey as word spread Monday that they will have to wait until at least 2012 to see their Social Security checks increase. The government is expected to announce this week that more than 58 million Social Security recipients will go through a second straight year without an increase in monthly benefits. This year was the first without an increase since automatic adjustments for inflation started in 1975. “I think it’s disgusting,” said Paul...
  • No Social Security COLA Expected For 2011 News Expected To Be Bad For Democrats

    10/10/2010 8:57:28 AM PDT · by FromLori · 192 replies
    KPTV Portland ^ | 10/9/10 | STEPHEN OHLEMACHER
    WASHINGTON -- As if voters don't have enough to be angry about this election year, the government is expected to announce this week that more than 58 million Social Security recipients will go through another year without an increase in their monthly benefits. It would mark only the second year without an increase since automatic adjustments for inflation were adopted in 1975. The first year was this year. "If you're the ruling party, this is not the sort of thing you want to have happening two weeks before an election," said Andrew Biggs, a former deputy commissioner at the Social...
  • POLITICO: Democrats feud over plan to fix deficits (Cut SS, raise age to 70-or both)

    10/09/2010 3:42:20 PM PDT · by maggief · 73 replies · 1+ views
    POLITICO ^ | October 9, 2010 | John Maggs
    President Barack Obama’s already got problems refereeing his party’s bitter family feud over deficits. And now, Alice Rivlin is about to make that job a lot tougher. Rivlin is an influential voice in Democratic circles but has developed a reputation as something of a fiscal scold, who says government’s largesse isn’t unlimited. Obama picked her for his presidential deficit commission. And right at the moment when liberals are telling the president to keep his hands off Social Security, Rivlin’s about to announce a plan to fix the deficit that’s expected to include some of her past prescriptions for the problem....
  • Social Security: No 2011 increase expected

    10/07/2010 6:46:04 AM PDT · by GailA · 42 replies · 1+ views ^ | 10/5/10 | Jeanne Sahadi
    NEW YORK ( -- Chances are high that for the second year in a row Social Security beneficiaries will see no increase in their benefit checks. The official word won't come until mid-October when the Social Security Administration announces whether there will be a cost-of-living adjustment (COLA) for 2011. But those who've crunched the numbers say there just hasn't been enough inflation to justify a bump in benefits. The last time there was an inflation adjustment was in 2009: Social Security beneficiaries got a higher-than-normal 5.8% increase because of a temporary spike in energy prices in the third quarter of...
  • No increase to Social Security Benefits for 2011 (unofficial)

    09/17/2010 12:44:44 PM PDT · by blam · 28 replies
    Calculated Risk ^ | 9-17-2010 | CalculatedRisk
    No increase to Social Security Benefits for 2011 (unofficial) by CalculatedRisk 9/17/2010 11:28:00 AM It won't be official until the BLS releases the September CPI-W report, but we can already say there will be no increase in Social Security benefits or the Maximum Contribution Base in 2011 (assuming no new legislation). The BLS reported this morning that the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was at 214.205 in August (CPI-W was at 213.898 in July). Here is an explanation of why there will be no change (some repeated from a post last month): The calculation...
  • Social Security COLA: Congress Gets Pay Raise, Seniors & Others Did Not

    01/22/2010 6:54:50 AM PST · by Daniel T. Zanoza · 31 replies · 1,048+ views ^ | January 22, 2010 | Daniel T. Zanoza
    I'm sure many senior citizens, handicapped and those who are temporarily disabled noticed their Social Security check did not include a Cost Of Living Adjustment (COLA) for 2010. In fact, it is possible Social Security recipients will not receive a COLA for up to three years, according to reports out of Washington, D.C. This is the first year a COLA increase has not been afforded to Social Security recipients for over 30 years. For those of you who have parents or grandparents who were surprised to learn they will have to live on the same amount of money per month...
  • Third-Rail Shocker (Social Security Going Bankrupt Sooner)

    01/08/2010 5:17:09 PM PST · by raptor22 · 36 replies · 1,422+ views ^ | January 8, 2009 | Investor's business Daily staff
    Entitlements: While a massive health care entitlement is fashioned in secret, another one, Social Security, is running deficits decades earlier than expected. We've been kicking the can down the road. We're out of road. As Bernie Madoff found out, any Ponzi scheme depends on a continuous inflow of new cash and new customers or the ever-expanding pyramid will totter and collapse. Social Security, dependent as it was on new workers paying the expanding benefits of retirees, is about to, much sooner than expected. As Ed Morrissey over at reminds us, Peter Orszag, now director of the Office of Management...
  • Social Security gets no Cola but Congress does(The leaders diss public but reward themselves)

    12/09/2009 5:23:45 AM PST · by bestintxas · 43 replies · 1,968+ views
    Canada Free Press ^ | 10/08/09 | Aaron Cantor
    Congress has, in their beneficence, decided that there will be no cost of living raise in 2010 for social security recipients. Congress and the Senate on the other hand will receive a $4,700.00 cost of living allowance or whatever you want to call it in 2010. The really dastardly part of it is that they have it fixed so that it is automatic and they, claiming plausible deniability, can say I didn’t vote for it. A lot of people have been crying for relief from these parasites for a long time and the numbers are growing daily. This is just...
  • Social Security COLA Freeze: Obama To The Rescue? I Told You So!

    10/18/2009 8:00:47 AM PDT · by Daniel T. Zanoza · 30 replies · 1,102+ views ^ | October 18, 2009 | Daniel T. Zanoza
    On August 24, 2009 I wrote a commentary titled, "COLA Freeze for Social Security Recipients: Part of an Obama Ruse to Keep Senior Voting Bloc?". I hate to say I told you so, but I told you so. Barack Obama has proposed Congress approve a one-time $250 payment to seniors and handicapped ...
  • Social Security to make it official: No COLA

    10/15/2009 6:18:17 AM PDT · by rrstar96 · 44 replies · 1,386+ views ^ | October 15, 2009 | CB Online Staff
    WASHINGTON – The Social Security Administration makes it official Thursday: There will be no cost of living increase for Social Security recipients next year, the first year without one since automatic adjustments were adopted in 1975. The announcement comes as President Barack Obama and key members of Congress call for a second round of $250 payments to more than 50 million seniors, veterans, retired railroad workers and people with disabilities. The payments would be equal to about a 2 percent increase for the average Social Security recipient. The cost: $13 billion. Obama called on Congress Wednesday to approve the payments,...