Time Archives - DR News - News, Retirement, Finance

Social Security Insolvency Looming: Will Congress Act in Time to Avoid Benefit Cuts?

Washington, D.C., USA – Social Security’s trust funds are in dire straits, with looming depletion threatening steep payment cuts for retirees in less than a decade. The latest annual report from the Social Security trustees indicates that the Old-Age and Survivors Insurance trust fund is projected to run out of funds by 2033, potentially triggering a 21% reduction in benefits for recipients. If no congressional action is taken to address the impending shortfall, beneficiaries of …

Fans Sue Madonna Over Late Concert Start Time in New York City

NEW YORK, NY – Pop music icon Madonna is facing legal action from disgruntled fans who attended her recent concert at the Barclays Center in Brooklyn, New York. The fans have filed a lawsuit against the singer and Live Nation, the concert’s promoter, claiming that the show started over two hours later than the advertised time. According to the lawsuit, Madonna’s concert was scheduled to begin at 8:30 pm, but did not start until 10:40 …

Humana Stock Price Targets Adjusted by Analysts Amid Company’s ‘Challenging Time’

Louisville, Kentucky – Humana, a leading health insurance provider, faces a challenging time ahead as analysts adjust their stock price targets following the company’s first-quarter earnings report. Despite reporting earnings of $7.23 per share, which surpassed expectations, the company withdrew its profit forecast for 2025 due to disappointing government Medicare reimbursement rates. Humana’s revenue for the first quarter totaled $29.61 billion, exceeding Wall Street’s expectations. However, the company’s decision to pull its 2025 profit forecast …

Fraudulent Mobile Woman Guilty of Social Security Scam, Faces Prison Time

Mobile, Alabama – In a courtroom in Mobile, a local woman has admitted to deceiving the Social Security Administration. Cheryl Bradley pleaded guilty on Wednesday to providing false information about her marital status when applying for disability benefits, leading to over $88,000 in overpayments from 2007 to January 2023. Bradley’s deception was uncovered when her husband also sought benefits last year, revealing conflicting information about their marriage history. While the couple claimed to have been …

Age 70 Proves to Be Ideal Time to Claim Social Security Benefits as Many Americans Fail Basic Quiz

Chicago, Illinois – Many Americans lack crucial knowledge about Social Security, with a recent study showing concerning gaps in understanding, particularly among adults approaching retirement age. According to a report by MassMutual, 41% of individuals aged 55 to 65 failed a basic Social Security quiz, while another 37% barely passed. This lack of awareness is troubling considering the significant reliance many Americans have on Social Security benefits during their retirement years. Nearly 90% of retired …

Enrollment Hastle: Texas Program Rushes to Cover Kids Again, But This Time They Face Massive Drops

Austin, Texas – In the summer of 1999, Randy Fritz faced an impossible task. Working as the executive assistant to the Texas Health Commissioner, William “Reyn” Archer III, Fritz was given the daunting challenge of creating a new statewide health insurance program for underprivileged children not eligible for Medicaid within a tight 10-month deadline. The urgency stemmed from the public pressure to roll out the program quickly after a hesitant Texas Legislature finally passed it …

Mark Wahlberg’s Bedtime Secret: Falling Asleep During TV Time With Wife

Boston, Massachusetts – Actor Mark Wahlberg opens up about his nightly routine with wife Rhea Durham, shedding light on their different tastes in television shows. Despite their varied preferences, Wahlberg admits that no matter what they watch, he always ends up falling asleep before the show concludes. While Durham enjoys reality TV shows like ‘Housewives’ and ’90 Day Fiancé,’ Wahlberg leans towards sports programming, particularly football during the season, or a good movie. Regardless of …

Former Norton Motorcycles Owner Should Have Faced Jail Time for Pension Scandal, Pensions Ombudsman Chair Asserts

London, England – The former owner of Norton Motorcycles, Stuart Garner, was convicted of three offenses in 2022 for illegally investing pension funds in his own businesses. The chair of the Pensions Ombudsman service, Anthony Arter, expressed disappointment in the lack of prison time served by Garner for his involvement in the multi-million-pound pension fraud. During a parliamentary inquiry into the scandal, Arter vocalized his belief that Garner should have faced prosecution and imprisonment for …

Navarro Denied Delay in Prison Time Appeal by Chief Justice Roberts

WASHINGTON D.C. – Former senior aide to President Donald Trump, Peter Navarro, is being denied a delay in prison time by Chief Justice John G. Roberts Jr. as he appeals his conviction for contempt of Congress. Navarro, a 74-year-old economist, is set to report to federal prison in Miami by 2 p.m. Tuesday. Roberts, overseeing emergency requests from the U.S. Court of Appeals for the D.C. Circuit, stated that he found no reason to disagree …

Time Change Controversy: Casket Company Proposes Burying Daylight Saving Time in 2024

Indianapolis, Indiana – As Daylight Saving Time rolls around, the clock-changing tradition that irks many has sparked a unique proposal from a casket company to put it to rest for good. The concept of Daylight Saving Time, an often contentious topic, has once again taken center stage with discussions on its purpose, history, and impact on society. On the second Sunday in March, participating states in the US spring forward by setting their clocks ahead …