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Cuts to Social Security would hurt older, single women most of all

Cuts to Social Security would hurt older, single women most of all

Finance
Jim McGuire | Getty ImagesThe Social Security program is approaching insolvency.Social Security costs keep escalating, with future expenses for the program expected to be 20% higher than projected revenue. To that point, action must be taken promptly to prevent an across-the-board benefit cut for many current and future beneficiaries, according to the Social Security 2019 Annual Report.As soon as next year, Social Security's yearly expenses are expected to exceed its revenue — forcing the program to begin drawing down its trust funds. The projected impact will result in only 75% of benefits promised to actually be paid beginning in 2035. That will impact millions of individuals who rely on this income for their living expenses in retirement.The population most dependent on Social Security
2019 NBA Awards: Bucks’ Giannis Antetokounmpo named Most Valuable Player

2019 NBA Awards: Bucks’ Giannis Antetokounmpo named Most Valuable Player

Sports
June 24 (UPI) -- The 2019 NBA Awards took place Monday night at Barker Hangar in Santa Monica, Calif., as Milwaukee Bucks forward Giannis Antetokounmpo was named the NBA's Most Valuable Player. Antetokounmpo edged Houston Rockets guard James Harden and Oklahoma City Thunder star Paul George as the league's top player for the 2018-19 campaign. The annual award show recognizes players and personnel from around the NBA who performed among the league's best throughout the season. This year's event came after the Toronto Raptors defeated the Golden State Warriors in the NBA Finals to claim their first championship in franchise history. The night started with Dallas Mavericks forward Luka Doncic being named the Rookie of the Year. The standout forward edged Phoenix Suns center Deandre Ayton an...
Carrie Lam offers ‘most sincere apology’ to Hong Kong following mass protests

Carrie Lam offers ‘most sincere apology’ to Hong Kong following mass protests

World
June 18 (UPI) -- Hong Kong Chief Executive Carrie Lam apologized to the public Tuesday following mass protests on the island over a controversial bill but did not offer her resign as demonstrators had demanded. In her first speech since protests erupted in Hong Kong asking for her job, Lam said she has "reflected deeply on all that transpired" since protests erupted June 9 against a controversial extradition bill and that "deficiencies" in the government were to blame for the public's anger. [embedded content] "This has led to controversies, disputes and anxieties in society," she said. "For this, I offer my most sincere apology to all people of Hong Kong." The bill, which would allow for fugitives from Beijing's courts residing in Hong Kong to be extradited to China, was put on hold Sa...
Liverpool now equal with Manchester United as English football’s most decorated club after Champions League victory

Liverpool now equal with Manchester United as English football’s most decorated club after Champions League victory

Sports
level pegging Liverpool and Man United are the two most successful teams in English football having racked up 42 major honours Liverpool are now equal with Manchester United as English football’s most decorated club following their Champions League triumph. Jurgen Klopp’s men were crowned champions of Europe for the sixth time after beating Tottenham 2-0 in Madrid. Getty Mohamed Salah opened the scoring with a two-minute penalty A penalty from Mohamed Salah and a late Divock Origi strike sealed a historic victory for the Reds and gave Klopp his first trophy with the Anfield club. The victory also bears significant consequences for English football too, as the Merseyside outfit now have equalled their bitter rivals
£1.6m drug becomes world’s most expensive

£1.6m drug becomes world’s most expensive

Technology
Swiss pharmaceutical giant Novartis has won approval for a new gene therapy drug which is priced at a record £1.67m per treatment.Named Zolgensma, the drug has been approved by US regulators for treating babies with spinal muscular atrophy (SMA) - a rare and often fatal disease. The new one-time treatment uses a virus to replace the defective gene which causes SMA with a copy that functions properly.The regulatory approval allows Zolgensma to be used on babies with the deadliest form of the disease as well as ones whose lives could be impacted later.Babies affected by the most severe form of the progressive condition rarely survive beyond two years of age. Advertisement "This is potentially a new standard o