A news and educational resource pooling excerpts from various news and information sources from the web for the Federal Retiree.
Article Excerpt: "despite receiving less claims and processing more claims than in June, the backlog still increased in size for the second month in a row.
OPM received 6,451 retirement claims in July, 468 less than June’s total of 6,919 claims received. ..."
Article Excerpt: "The 2008 financial crisis had its origins in the housing market...transforming mortgages into securities ...the latter 1970s, when politicians hoping to jolt a stagnant economy pushed deregulation. Over several decades, policymakers eroded Glass-Steagall separations. Most of what remained was repealed in 1999 by act of Congress, allowing big commercial banks, flush with the deposits of savers, to lumber into parts of the financial business that had, since the New Deal, been the province of the smaller, more specialized investment banks...."
Article Excerpt: "...Toney-Finch said 15 of the veterans got the heave-ho from the Crossroads Hotel in Newburgh about 60 miles north of New York City in Orange County — a new epicenter of Big Apple’s migrant crisis since Mayor Eric Adams began bussing Gotham’s overflow there against local officials’ wishes. The other five displaced veterans were split between two other local facilities — the Super 8 and Hampton Inn & Suites in Middletown, Toney-Finch said. The Middletown hotels are not believed to have migrants yet but were reportedly on the city’s shortlist to take some. She said the hotels didn’t explicitly say the vets had to move because of the migrants but that it was clear to her that was the case..."
Article Excerpt: "...Fidelity surveyed working Americans and found that there has been a decline in retirement readiness, possibly linked to concerns about inflation and recession. The report scored the financial preparedness of American household and found a five-point decline from the all-time high score of 83, reached in 2020. ..."