Social Security shortfall
The Social Security Trust Fund will run out of money in 2037, four years earlier than previously estimated. The updated figure comes from a new report from the Social Security trustees, which blames recession-induced layoffs for cutting into the payroll tax receipts that support the fund. Social Security is currently in surplus but will shrink rapidly as the baby boom population ages.
In a sharp change of direction, the Obama administration will take a hard line on antitrust cases, the Justice Department’s chief antitrust official said. Assistant Attorney General Christine Varney urged smaller companies in particular to inform authorities of potentially anti-competitive behavior by their larger rivals. During economic recessions, Varney said, large companies can be tempted to engage in predatory practices, such as price-fixing, to kill off weakened competitors.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- The 11 worst fast food restaurants in America
- I hate Ayn Rand — but here's why my fellow conservatives love her
- Here's the schedule very successful people follow every day
- The weird obsession that's ruining the GOP
- Why Peter Capaldi has a bigger challenge than any Doctor Who in history
- 7 grammar rules you really should pay attention to
- 7 things the world's happiest people do every day
- The secret to Gabrielle Hamilton's amazing grilled cheese sandwiches
- A scientific fact-check of 2001: A Space Odyssey
- What if The Purge was real?
Subscribe to the Week