Here's how much your Social Security check may increase in 2022
It looks like retirees will get a raise next year.
The Senior Citizens League is a nonpartisan advocacy group for older Americans and has a history of accurately forecasting the annual cost-of-living adjustment. The group estimates the Social Security COLA for 2022 may be 6.2%.
The boost would be much higher than the 1.3% change made for 2021, which was one of the lowest increases Social Security has ever had.
Check out this video to see how much money this will add to your benefits and to see how the increase compares with other changes in the past.
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Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.
Apartment Investment & Management Co. Q2 Earnings Summary
Below are the earnings highlights for Apartment Investment & Management Co. (AIV):
-Earnings: -$19.69 million in Q2 vs. $3.06 million in the same period last year.
-EPS: -$0.13 in Q2 vs. $0.02 in the same period last year.
-Revenue: $40.42 million in Q2 vs. $37.17 million in the same period last year.
July exports rise 49.9%, imports surge 63%
Trade deficit widens to $10.97 billion
The country’s exports surged 49.9% to $35.43 billion in July on account of healthy growth in petroleum, engineering, and gems and jewellery segments, even as the trade deficit widened to $10.97 billion during the month, official data showed.
Imports rose by about 63% to $46.40 billion, as per the data released by the Commerce Ministry. “The trade balance for July 2021 was estimated at (-) $10.97 billion as against (-) $4.83 billion in July 2020,” the Ministry said in a statement.
Oil imports leap
Oil imports soared by 97.5% to $12.89 billion.
Exports during April-July 2021-22 rose by 74.5% to $130.82 billion.
Imports during the first four months of FY22 rose 94% to $172.5 billion.
Commenting on the data, Federation of Indian Export Organisations (FIEO) president A. Sakthivel said the global demand during this period has also remained buoyant as the order booking positions of exporters have been impressive.
Bitcoin rises 7.07% to $47,587.38
(Reuters) – Bitcoin surged 7.07% to $47,587.38 at 2200 GMT on Friday, adding $3,142.93 to its previous close.
Bitcoin, the world’s biggest and best-known cryptocurrency, is up 71.6% from the year’s low of $27,734 on Jan. 4.
Ether, the coin linked to the ethereum blockchain network, rose 7.86% to $3,284.18 on Friday, adding $243.55 to its previous close.
‘Gaslighting’ Kevin McCarthy Raked Over The Coals In GOP Group’s Damning New Ad
A conservative group draws damning comparisons between House Minority Leader Kevin McCarthy (R-Calif.) and the late Joseph McCarthy, the Wisconsin GOP senator who fueled anti-communist fears in the 1950s, in its new ad.
Joseph McCarthy “deceived America, pushing a lie that our government was being taken over by communist spies,” says the voiceover of the 60-second video — titled “The New McCarthyism” — that was released by the Republican Accountability Project on Friday.
“He gaslit America to advance his own political career,” they continue. “Now McCarthyism is back, with a new McCarthy. Kevin McCarthy. Just like Joe, Kevin McCarthy is gaslighting Americans.”
The narrator then calls out current top House Republican Kevin McCarthy, a staunch defender of former President Donald Trump, for protecting “white nationalists, anti-vaxxers and conspiracy theorists while he whitewashes Jan. 6 all to advance his political power.”
Watch the video here:
“Joe McCarthy and Kevin aren’t so different,” the group, which is part of the anti-Trump Defending Democracy Together organization, wrote on YouTube.
Over the last eight months, the group has run multiple ads against Trump’s enablers and GOP downplayers of the deadly U.S. Capitol riot — and continues to maintain an online “Hall of Shame” of the Trump-adoring Republicans in Congress who “cannot be trusted with power.”
Auckland fire: One person seriously injured in house blaze
One person has suffered serious injuries in a house fire close to Auckland’s CBD.
Emergency service were called to a house fire in Great North Rd, Grey Lynn, around 5.45pm.
The blaze occured at a property between Northland and Coleridge streets.
A section of Great North Rd has been closed while the blaze is brought under control.
Police are assisting with traffic management and diversions are being put in place.
Motorists are asked to avoid the area if possible.
Tokyo new daily Covid-19 cases at 5,094 on Saturday
TOKYO (REUTERS) – Tokyo’s new daily coronavirus cases hit 5,094 on Saturday (Aug 14), a day after marking a record of 5,773, the Tokyo government said.
Japanese Prime Minister Yoshihide Suga on Friday urged people to refrain from travelling as Covid-19 cases spiked to record highs in Tokyo and nationwide, heaping pressure on the medical system.
Biggest Twitter Laugh Of The Year: Trump’s Reinstatement — Not
The long-buzzed-about “Reinstatement Day” Friday of former President Donald Trump to the White House because of a “rigged” election that wasn’t rigged never came to pass.
But it was great for laughs.
Twitter wits outdid themselves guffawing over the reinstatement that some must have taken so very seriously.
MyPillow CEO Mike Lindell last month named Aug. 13 as the day Trump would magically return to power — though he hedged earlier this month and said maybe it would be sometime in September instead when he finally submitted all of his nonexistent proof of a fraudulent election to the U.S. Supreme Court.
“By the morning of Aug. 13, it will be the talk of the world,” Lindell said initially, imagining Trump’s grand return. People, he envisioned, would be saying: “Hurry up! Let’s get this election pulled down, let’s right the right. Let’s get these communists out.”
At least everyone got into the spirit of the goofy switch-up illusion.
“My bad,” quipped long-time CBS New anchor Dan Rather on Twitter Friday. “I completely forgot to mark Reinstatement Day on my Calendar. What did I miss?”
MSNBC’s Joy Reid wanted to know what everyone was going to wear to Trump’s re-inauguration. She had something in mind.
There was even a special Reinstatement Day dance.