The Supreme Court’s second racial preference case

The Supreme Court’s second racial preference case

Racial preferences will be at the Supreme Court again on Wednesday, but the question i Haaland v. Bracken is adoption, not college admission. Under federal law, when a Native American child is placed in an adoptive home, priority is given to parents who are also Native American. It puts the interests of the tribe above … Read more

Where Britain went wrong – POLITICO

Where Britain went wrong – POLITICO

Press play to listen to this article LIVERPOOL, England — On the long picket line outside the gates of Liverpool’s Peel Port, rain-soaked dock workers warm themselves with cups of tea as they listen to 1980s pop. Dozens of buses, cars and trucks honk in solidarity as they pass. Dockers’ strikes are not new to … Read more

American pensions Take a fresh look at China

American pensions Take a fresh look at China

US public pension funds are splintering in their approach to China, reflecting rising investment risks and the increasingly fragile politics of the two largest global economies. Pension plan officials outline a number of positions. California’s teacher pension fund launched a search for its first dedicated Chinese equity managers in late August, while Texas’ teacher pension … Read more

Colombia’s acreage of coca, used to make cocaine, rises to a record

Colombia’s acreage of coca, used to make cocaine, rises to a record

BOGOTÁ, Colombia—Colombia has posted a sharp increase in coca cultivation, the United Nations said Thursday, raising concerns among U.S. anti-narcotics officials about how the country’s new government will bring drug trafficking under control. The UN Office on Drugs and Crime said the amount of land used to grow coca – the main ingredient in cocaine … Read more

The number of unemployed fell last week in a still tight labor market

The number of unemployed fell last week in a still tight labor market

Claims by US workers for unemployment benefits fell last week, a sign that layoffs remain low in a tight labor market. Initial jobless claims, a proxy for layoffs, fell to a seasonally adjusted 214,000 last week from 226,000 the week before, the Labor Department said Thursday. Claims are up from earlier this year, but remain … Read more

Kharge’s challenge – The Hindu BusinessLine

Kharge’s challenge – The Hindu BusinessLine

The Congress has sought to resolve the most critical question about its leadership by welcoming a non-Gandhi as party president for the first time in 24 years. Whether 80-year-old Mallikarjun Kharge will be the main opposition party’s prime ministerial candidate in the 2024 general election is still in the realm of speculation. However, his election … Read more

Need to get a new Medicare Part D plan during open enrollment? That’s how you know

Need to get a new Medicare Part D plan during open enrollment?  That’s how you know

(Maurie Backman) Health care tends to be a significant expense for retirees. And for some seniors, the cost of medicine can be unusually burdensome. That’s why choosing the right Medicare Part D plan is so important. If you are enrolled in a Medicare Advantage plan, that plan should cover your prescription needs. But if you’re … Read more

IMF calls for faster debt relief for nations fighting high inflation, hunger

IMF calls for faster debt relief for nations fighting high inflation, hunger

International Monetary Fund officials said the governments of poorer countries need better ways to restructure their debt burdens totaling billions of dollars to survive a cost-of-living and hunger crisis fast taking root around the world. “The world has experienced extraordinary upheaval,” Kristalina Georgieva, the IMF’s managing director, said Friday, speaking at the closing session of … Read more

Retirees Catch a Break With the Social Security COLA

Retirees Catch a Break With the Social Security COLA

A longstanding complaint about the Social Security COLA is that it doesn’t reflect the true costs facing retirees, and should instead be based off an estimate of beneficiaries’ expenses. Be careful what you wish for. On Thursday, the Social Security Administration said recipients will get an 8.7% increase in their payments next year and, for … Read more

Social Security’s ‘taxable maximum’ inches higher – but will it make a dent in the trust fund?

Social Security’s ‘taxable maximum’ inches higher – but will it make a dent in the trust fund?

Social Security’s payroll tax cap was raised by nearly 9% for 2023, meaning more income will face Social Security taxes next year, but the increase is unlikely to affect the solvency of the trusts that support the system. Citing the increase in average wages, the Social Security Administration said the maximum amount of earnings subject … Read more