Author: EconLearner

Lots of bad ideas to save Social Security they float. Two US senators, at New York Times, he just proposed a terrible one that would crush both the system and the economy.For years we’ve been bombarded with stories about Social Security collapsing in the early 2030s. Trust funds pay out more in benefits than they collect in payroll taxes. The supposed evil is that we are living longer and that the number of workers is insufficient to pay for the promised benefits.Senators Elizabeth Warren (D–MA) and Bernie Moreno (R–OH) propose removing the earnings cap—$184,500—on wages taxable for Social Security. The…

Top lineOn August 2, 2027, the moon’s shadow will cross parts of southern Spain, North Africa and the Middle East, offering what many eclipse hunters are calling the “eclipse of the century.” Today, only 400 days remain. That might sound like a long time, but as anyone hoping to experience one of the biggest astronomical events of the 21st century knows, flights, hotels, cruises and specialty tours are already filling up — especially at prime viewing locations along the path of totality, like Luxor in Egypt, where 6 minutes and 20 seconds of totality will occur. This is the largest…

California’s so-called “Billionaires Tax” is heading to the polls next November. While the Public Policy Institute of California estimates that about 54% of Californians favor the measure, others have suggested that the effects are difficult to gauge. In fact, the ripple effects of this monumental tax, if passed, could extend throughout the wider economy and be paid for by billionaires and non-billionaires alike.Proposed California Billionaires TaxCalifornia Ballot Initiative No. 25-0024, entitled “Billionaires Tax Act of 2026,” is a unique ballot measure with a clear goal: “to protect access to high-quality, equitable health care and support funding for kindergarten through the…

Sony Reon Pocket Pro PlusSonyUpdate June 26: This post, first published on Tuesday, June 23, has been updated to add more details about the new product and reactions to it from early adopters.Summer has arrived — with a vengeance, you might say, in some places. Europe is sweltering and the UK hit its hottest June temperature ever recorded on Wednesday 24 June. Sony’s portable air conditioning unit is now available for pre-order in the US, and the price is higher than expected.ForbesApple Drops iOS 27 Beta 2 iPhone — Should You Upgrade?With David PhelanMind you, there’s a sting in the…

Artificial intelligence is set to reshape workplace hierarchies, empowering individuals to do tasks that once required entire teams.Adobe StockArtificial intelligence could soon change one of the oldest business rules, the idea that power comes from seniority, experience and position.For decades, the corporate pecking order was relatively clear. Senior leaders set direction, managers coordinate work, and expert professionals build status through knowledge, qualifications, and experience. Artificial intelligence is now beginning to disrupt this structure.A junior employee with strong AI skills can already produce work that once required researchers, analysts, designers, managers and technical experts. Doctors, lawyers, bankers, marketers, product managers and…

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WASHINGTON, DC – June 24: Copies of the Surface Transportation Authorization Act of 2009 are stacked on a staff table during the House Transportation and Infrastructure Subcommittee’s markup of the bill on the Subcommittee on Highways and Transit. (Photo by Scott J. Ferrell/Congressional Quarterly/Getty Images)CQ-Roll Call, Inc via Getty Images”And think carefully about that because if by writing an article that’s negative you’re effectively discouraging people from using autonomous vehicles, you’re killing people.” As the title of this piece already suggests, the words in quotes are Elon Musk’s. Here’s hoping Musk’s thinking will be heeded by Congress as the Surface…

Find the links between the words to win today’s Link game.gettyThe NYT Connections daily game airs live at midnight local time. Before today’s NYT Connections tips, here’s what you missed on Thursday:ForbesToday’s NYT Connections Tips and Answers for Thursday, June 25With Chris HoltHello, Connectors! The weekend is coming, so let’s make sure you get there with yours Connections stripe in one piece.Today marks the game 1,111 from Connections. Game 2,222 should be on July 11, 2029, in case you were wondering. I don’t really want to talk about it, though. I am very upset with Scotland’s performance in the men’s…

Photographic illustration of Wegovy’s new injectable prescription weight loss medications, Ozempic, Victoza, and Wegovy semaglutide tablets. It is a prescription drug used with a reduced-calorie diet and physical activity. (Photo by Michael Siluk/UCG/Universal Images Group via Getty Images)UCG/Universal Images Group via Getty ImagesThey haven’t started fighting yet, or insert your paraphrase of John Paul Jones here. At the very least, success breeds success. What this means in the weight loss space is that Wegovy, Foundayo, Ozempic and others are the beginning of powerful advances in weight loss technology, not the end. He talks about the genius of profits. They generate…