Feature

The bottom line

To come for Fannie and Freddie: $389 billion; Number of millionaires rises; Jets nix offer from adultery-oriented website; No taxes for heirs of billionaire; Health-care costs in 2011

To come for Fannie and Freddie: $389 billion Fannie Mae and Freddie Mac, the government-owned companies that guarantee 53 percent of all U.S. mortgages, will need $389 billion in federal subsidies through 2019, says the federal budget office. The two companies have already received $145 billion from Washington.Bloomberg.com

Number of millionaires risesThe number of U.S. millionaires rose 15 percent in 2009, to 4.7 million, after falling 21 percent in 2008. Those millionaires hold 55 percent of all U.S. wealth, according to the Federal Reserve. Los Angeles Times

Jets nix offer from adultery-oriented websiteAshleyMadison.com, the adultery-oriented website whose slogan is “Life is short. Have an affair,” has bid $25 million for the five-year naming rights to the New York Jets’ new pro football stadium in New Jersey. The Jets have declined the offer.TMZ.com

No taxes for heirs of billionaireThe heirs of Texas billionaire Dan Duncan, who died in March, paid no federal inheritance taxes on his $9 billion estate. Had he died in 2009, his estate would have been taxed at a 45 percent rate. Had he lived until 2011, the tax would have hit 55 percent. As a result of Bush-era legislation, the estate tax was repealed for 2010.The New York Times

Health-care costs in 2011Employers expect their health-care costs to rise 11 percent in 2011, says PricewaterhouseCoopers, and next year, for the first time, a majority of the American labor force is expected to have a health insurance deductible of $400 or more.  Associated Press

Recommended

Omicron strain reaches U.K., Germany, Italy, and Czechia
airplane
It's spreading

Omicron strain reaches U.K., Germany, Italy, and Czechia

Planes from South Africa carrying COVID-positive passengers land in Amsterdam
schiphol airport
omicr-on a plane?

Planes from South Africa carrying COVID-positive passengers land in Amsterdam

10 things you need to know today: November 27, 2021
covid virus
Daily briefing

10 things you need to know today: November 27, 2021

China's politically revealing blockbusters
Chinese movies.
Picture of Joel MathisJoel Mathis

China's politically revealing blockbusters

Most Popular

7 cartoons about Thanksgiving inflation
Political Cartoon.
Feature

7 cartoons about Thanksgiving inflation

Should anti-vaxxers get unemployment benefits?
A handout.
Picture of Joel MathisJoel Mathis

Should anti-vaxxers get unemployment benefits?

Who pays America's taxes?
Taxes.
Briefing

Who pays America's taxes?