7 Truths About Immigration!

Robert Reich

January 8, 2018

As Trump crows about immigration in prime time, here are 7 facts about immigration in under 70 seconds.

Help spread this video to combat Trump’s barrage of lies.

7 Truths About Immigration (In Under 70 Seconds)

As Trump crows about immigration in prime time, here are 7 facts about immigration in under 70 seconds. Help spread this video to combat Trump's barrage of lies.

Posted by Robert Reich on Tuesday, January 8, 2019

5 Things to Know About Prostate Cancer

U.S. News & World Report – Health

1 in 5 millennials expect to die without ever paying off their debt!

CNBC – make it

1 in 5 millennials with debt expect to die without ever paying it off

Megan Leonhardt         January 9, 2019

Bereaved young woman in black taking flowers to graveRapidEye | E+ | Getty Images

The average millennial (aged 18 to 34) had about $32,000 in personal debt, excluding home mortgages, last year, according to Northwestern Mutual’s 2018 Planning & Progress Study. That debt can feel both crushing — and endless.

Just over 60 percent of millennials (classified here as those aged 18-37) with debt don’t know when, or if, they’ll ever be able to pay off what they owe, according to a new CreditCards.com report. That includes roughly 42 percent of millennials who don’t know when they’ll be able to wipe out their debt, and almost 20 percent of those who expect to die in debt.

There are some bright spots in the data: Among those aged 18 to 30 with credit card debt specifically, 79 percent say they have a plan to wipe it out. On average, they expect to be debt-free by age 43, CreditCards.com finds.

Still, a lot of young people are feeling trapped. A lot of older people, too: Over 35 percent of those over age 73 predict that they’ll never pay off their debt.

Making a plan to tackle debt can help

Debt doesn’t have to be a life sentence, says CreditCards.com industry analyst Ted Rossman. Though it may require some hard work and planning, he says, “Everybody can get out of debt.”

It can help to make a plan. After picking up several freelance jobs in 2018 and limiting his spending to about $2,000 a month — “there were times when I ate peanut butter and jelly sandwiches until I ran out of peanut butter, and then I just ate jelly sandwiches,” he recalls — 34-year-old Dietrich Knauth celebrated his birthday by paying off the last of his $117,000 in student loans.

And 32-year-old Guen Garrido managed to pay off $68,600 in about three years after drawing inspiration from the “snowball method” and YouTube tutorials.

It also helped her to set a target date by which she would have paid off everything she owed. “I think a lot of people think they’re never going to be debt-free, so they don’t even try to get out,” Garrido says. “But once you set a date, you start to think, ‘OK, I can do this,'” she says.

Guen Garrido became debt free in March 2018 and celebrated by popping a large balloon filled with confettiGuen Garrido became debt free in March 2018 and celebrated by popping a large balloon filled with confetti.

Getting creative can work, too: 27-year-old John Sweat, who temporarily moved into his van, expects to be debt-free by the end of next winter. “I’ve spent most of my adult life feeling like I have a ton of money, or feeling really strapped and on the edge,” he says. “Right now, I feel more financially competent and stable and well-set up than I ever have.”

Northwestern Mutual recently found that two in 10 people put over 50 percent of their income toward getting out of debt. If you can’t do that, though, don’t sweat it. The nonprofit American Consumer Credit Counseling recommends allocating about 5 percent of your income towards that goal.

Remember your other financial priorities, too

While having a plan is an important first step toward becoming debt- free, Rossman says that millennials would benefit from a comprehensive approach. “Take a long view of your finances,” he says.

While student loans can “feel like an albatross around your neck,” Rossman says, there’s usually hope, because many student loans have built-in, easy-to-understand expiration dates. Still, educational debt, though it represents the biggest portion of the average millennial’s debt, is just one kind of loan.

Rossman recommends planning for a future that may include big purchases such as a home or a car, as well as expenses such as children and retirement.

Put aside a portion of your income — most experts recommend at least 10 percent — for retirement, he suggests, rather than throwing everything you’ve got at paying off what you borrowed for school.

Money expert David Bach: Here’s how much you should have in your emergency fundDavid Bach

Additionally, you should aim to have three-to-six months of living expenses set aside in an account earmarked for emergencies. That can sound like a lot, so start small, says David Bach, co-founder of  AE Wealth Management. Consistently save a percentage of your paycheck by setting up automatic transfers.

“When your paycheck gets deposited, move money automatically from your checking account into a separate money market account or a separate savings account that you won’t touch,” Bach tells CNBC Make It. “You literally want to almost forget it’s there.”

The key thing to remember is “it’s good to be attacking multiple priorities at once,” Rossman says. Otherwise, when different expenses or crises arise, you’ll simply have to “re-start the debt clock.”

Megan Leonhardt, Senior Money Writer, Make It

President Trump will not answer any more questions from Mueller

Reuters

 By Karen Freifeld, Reuters      January 9, 2018

To understand Trump’s speech, look at the US-Mexico border as it exists today

 

Donald Trump delivered a statement last night from the oval office, laying out his argument for funding a wall along the US’s southern border with Mexico. Funding for a wall has been the sticking point in federal budget negotiations and has led to the government being shut down for the past few weeks.

Rhetoric from the Trump administration around “border issues” has been growing more more dire and fearsome in recent weeks, despite a lack of factual basis for the supposed concerns. While it is true some people entering the country illegally climb over current fencing, sometimes in full view of photojournalists, the amount of crossings has been on the decline for years.  That’s why Trump opponents have become louder and louder in pointing out the sheer ludicrousness of the wall. Even Trump’s visions for his proposed wall have changed over time. From the monolithic concrete vision he commissioned prototypes for, just last week the phrasing had shifted to, in his words, “a see-through wall made out of steel.” Those are often called “fences”—which already exist across much of America’s southern border.

The network of border barriers in its current incarnation covers over 650 miles of the U.S, stretching in portions through desert, towns, and ending in the sea.

REUTERS/EDGARD GARRIDO
A house stands next to a section of the border fence separating Mexico and the US, in Tijuana, Mexico in 2017.
AP PHOTO/RUSSELL CONTRERAS
A US Border Patrol agent drives near the US-Mexico border fence in Sunland Park, New Mexico in 2016.
AP PHOTO/CHRISTIAN TORRES
Sunland Park, New Mexico, is seen over the US border fence as a protestor finishes painting the Spanish slogan “Neither delinquents nor illegals, we are international workers” on the Anapra, Mexico side of the fence in 2016.
AP PHOTO/RODRIGO ABD
A farm located adjacent to the fence at the US-Mexico border in the Juarez valley, Mexico in 2017.
AP PHOTO/BRIAN SKOLOFF
An aerial photo of the border fence along the edge of Nogales, Arizona.
AP PHOTO/RODRIGO ABD
The border fence that divides Mexico and the US is seen in Tecate, Mexico in 2018.
REUTERS/MIKE BLAKE
US Border Patrol supervisor Robert Stine looks out over the border wall from the top of a hill near Jacumba, California in 2016.
AP PHOTO/DANIEL OCHOA DE OLZA
Migrants looks for a place to jump the border fence to get into the US side to San Diego, California from Tijuana, Mexico in December of 2018.
AP PHOTO/DANIEL OCHOA DE OLZA
Tijuana, Mexico, left, and San Diego, California, right, are seen separated by the US border fence.
AP PHOTO/REBECCA BLACKWELL
US Border Patrol vehicles are parked along a secondary fence as they respond to a group of Central American migrants crossing the border wall illegally, seen from across the wall in Tijuana, Mexico in 2018.
REUTERS/MIKE BLAKE
US border patrol agents on horseback patrol along the US Mexico border fence near San Diego, California in 2016.
REUTERS/JOSE LUIS GONZALEZ
A section of the US-Mexico border wall at Sunland Park, taken from the Mexican border city of Ciudad Juarez, in 2016.
REUTERS/MIKE BLAKE
Three men jump the fence from Mexico and give themselves up to US border patrol agents in Calexico, California in 2017.
AP PHOTO/DANIEL OCHOA DE OLZA
The border fence that extends onto the beach between San Diego, California and Tijuana, Mexico is reflected on a puddle of sea water as seen from Mexico on Jan. 3, 2019.
AP PHOTO/DANIEL OCHOA DE OLZA
A bird stands on top of the border fence between San Diego, California, and Tijuana, Mexico on Jan 3, 2019.

What America should have learned from the 2008 financial crisis

NowThis Politics

January 6, 2019

Here’s what America should’ve learned from the 2008 financial crisis, according to Robert Reich

What America Should've Learned from the 2008 Financial Crisis

Here's what America should've learned from the 2008 financial crisis, according to Robert Reich

Posted by NowThis Politics on Saturday, January 5, 2019

Complaints about fake Social Security Scam calls up 1,000 percent

Chicago Sun – Times

Complaints about fake Social Security calls up 1,000 percent

By Stephanie Zimmermann           January 1, 2019

Federal officials report that at least $10 million has been stolen in 2018 by scammers posing as Social Security Administration employees. Shauna Bittle/Sun-Times.

About 35,000 consumers reported getting Social Security scam calls in 2018, up from 3,200 reports the previous year, according to the Federal Trade Commission.

The FTC released audio of one of the scam calls, in which a computer-generated voice claims a person’s Social Security account will be suspended “on an immediate basis as we have received suspicious trails of information in your name.”

It directs the victim to call a toll-free number immediately or face arrest.

In some versions of this scam, the con artist claims the person’s Social Security number has been linked to a drug or money laundering crime, or claims someone else has used the number to apply for a credit card.

The scammers ask the victim to confirm the number and send a fee to supposedly reactivate it or get a new number. Sometimes, the caller says the person’s bank account will be seized and offers instructions on how to withdraw the money and supposedly keep it safe.

Victims lose millions

As improbable as the scam may sound, the FTC says panicked victims have already lost $10 million just this year.

The scammers often spoof the real Social Security Administration’s phone number on the victim’s caller ID to make the con more believable, the FTC says.

The Social Security scam is similar to the fake IRS agent scam, which has hit taxpayers in recent years. In that scam, callers pretend they are from the IRS and say they need to collect back taxes.

The IRS says it will never call a taxpayer to demand immediate payment via a prepaid debit card, gift card or wire transfer – and it won’t threaten to have you arrested or deported, or have your driver’s license or business licenses taken away. If you owe taxes, the IRS will mail you a bill.

The FTC offers these tips:

  • Ignore the calls. Your Social Security number is not about to be suspended, and your bank accounts won’t be seized.
  • The Social Security Administration does not call people to threaten their benefits or demand money be wired or sent via cash or gift cards. Any such demand is a scam.
  • If you would like to speak to the Social Security Administration, you should make the call yourself to their real number, (800) 772-1213. (Be aware that scammers calling you can spoof this number on your caller ID.)
  • Never give out your Social Security number (even the last four digits) or your bank account number or your credit card number to someone who contacts you out of the blue.
  • Report scam calls to FTC.gov/complaint

This town was poisoned by coal for decades

EcoWatch

January 3, 2019

This town was poisoned by coal for decades. Then, the town decided to fight back. #YEARSproject

via We Can Solve This

Fighting The Power

This town was poisoned by coal for decades. Then, the town decided to fight back. #YEARSprojectvia We Can Solve This

Posted by EcoWatch on Wednesday, January 2, 2019

The 7 economic fundamentals in our economy.

Robert Reich

January 3, 2019

It’s time to face the truth about our economy. Here’s are 7 economic fundamentals to remember in 2019.

7 Economic Fundamentals

It's time to face the truth about our economy. Here's are 7 economic fundamentals to remember in 2019.

Posted by Robert Reich on Tuesday, January 1, 2019

Money has corrupted our politics!

Robert Reich

January 3, 2019

As Democrats take control of the House, they must make getting big money out of politics a top priority. It’s a prerequisite to accomplishing everything else. Big money continues to corrupt American politics, creating a vicious cycle that funnels more wealth and power to those at the top and eroding our democracy.

Why We Must Get Big Money Out of Politics

As Democrats take control of the House, they must make getting big money out of politics a top priority. It’s a prerequisite to accomplishing everything else. Big money continues to corrupt American politics, creating a vicious cycle that funnels more wealth and power to those at the top and eroding our democracy.

Posted by Robert Reich on Thursday, January 3, 2019