• The 47th Anniversary of Medicare and Our Growing Aging Problem

    Updated: 2012-07-30 21:01:06
    CRFB.org Stimulus.org US Budget Watch Peterson-Pew Commission E-mail list sign up : Subscribe Unsubscribe Search : Home Documents Blog News Events About Contact Donate Recent Posts Council on Foreign Relations Primes Readers on the Fiscal Cliff The 47th Anniversary of Medicare and Our Growing Aging Problem Re-visiting the President's Budget : OMB's Mid-Session Review A Deal on Appropriations Is Near CRFB Reiterates Its Call to Debate the Debt The Concord Coalition Provides Fiscal Lessons From Europe Lieberman and Collins Stand Up for Fiscal Responsibility Online Sales Tax Debate Heats Up By month July 2012 45 June 2012 48 May 2012 45 April 2012 51 March 2012 45 February 2012 45 January 2012 44 December 2011 34 November 2011 45 October 2011 52 September 2011 46 August 2011 52 All Archives

  • OIG Review of USPS Fiscal Years 2012 and 2013 Liquidity Projections

    Updated: 2012-07-30 20:41:02
    From the USPS Office Of Inspector General: July 25, 2012 MEMORANDUM FOR: PATRICK R. DONAHOE – POSTMASTER GENERAL David C. Williams – Inspector General This memorandum provides the U.S. Postal Service Office of Inspector General’s (OIG) review of U.S. Postal Service liquidity projections as of June 2012 (Project Number 12BD016FI000). Without legislation to eliminate or [...]

  • USPS: No employee impact from missed retiree health prefunding payments

    Updated: 2012-07-30 20:19:53
    Business as usual The Postal Service’s decision not to make two payments to fund retiree health benefits — due Aug. 1 and Sept. 30 — will have no impact on employee pay or operations. In a prepared statement, USPS said it will “continue to deliver the mail, pay our employees and suppliers and meet our [...]

  • NALC Statement on the August 1st Postal Service “Default”

    Updated: 2012-07-30 19:44:31
    WASHINGTON, July 30, 2012 /PRNewswire-USNewswire/ — The pending August 1st “default” of the U.S. Postal Service is not primarily the result of a bad market or even bad operations, but of bad legislating by Congress. The only thing that will happen on Wednesday is that the Postal Service will not pay $5.6 billion into a [...]

  • USPS Statement on Retiree Health Benefits Payment

    Updated: 2012-07-30 19:28:48
    The U.S. Postal Service will not make mandated prefunding retiree health benefit payments to the Treasury of $5.5 billion due Aug. 1, 2012 or the $5.6 billion payment due Sept. 30, absent legislation enacted by Congress. This action will have no material effect on the operations of the Postal Service. We will fully fund our [...]

  • Temptations of a Peseta default in Spain

    Updated: 2012-07-30 17:52:24
    Defying charges of heresy, Spanish economist Lorenzo Bernaldo de Quiros has penned a piece in El Mundo that more or less calls for Spanish withdrawal from the euro – unless Mario Draghi conjurs up real magic at the ECB. My rough summary/translation: Spain is heading for insolvency as big chunks of debt come due later this [...]

  • USPS schedules major financial system upgrade starting next week

    Updated: 2012-07-30 14:19:55
    USPS has scheduled a major software upgrade of its national financial system that will impact payments and reporting for a period from Aug. 9 through Aug. 27.  The software upgrade is scheduled to occur from the evening of Aug. 9 through Aug. 20. Catch-up processing will be performed from Aug. 20 through Aug. 27. During [...]

  • Things worth reading: 30th July 2012

    Updated: 2012-07-30 05:33:16

  • Things worth reading: 27th July 2012

    Updated: 2012-07-27 06:53:38

  • Plumber jailed for tax evasion as HMRC receipts rise

    Updated: 2012-07-27 06:45:02
      A plumber has been jailed for 12 months for tax evasion, demonstrating that despite the public backlash against Treasury minister David Gauke’s claim that paying plumbers in cash is “immoral”, HM Revenue & Customs (HMRC) is deadly serious in its clampdown on the black economy. Melvyn Careswell, 49, of Epsom, Surrey, set up a [...]

  • USPS releases Sustainability and Energy Scorecard

    Updated: 2012-07-26 21:49:52
    USPS has submitted its Sustainability and Energy Scorecard to the Office of Management and Budget (OMB). The Postal Service noted progress in several areas. It said it’s 22.4 percent toward meeting its goal of a 30 percent reduction in facility energy use by fiscal year (FY) 2015. And, its greenhouse gas emissions were 16.1 percent [...]

  • APWU, USPS Agree On Implementation of Das Award

    Updated: 2012-07-26 20:42:17
    APWU Web News Article 90-2012, July 26, 2012 The APWU and USPS have reached agreement [PDF] on implementation of an arbitration award on retreat rights for Clerk Craft and Motor Vehicle Craft employees, Industrial Relations Director Mike Morris has announced. In an award issued June 29 [PDF], Arbitrator Shyam Das sustained the APWU’s grievance protesting [...]

  • British regulators are to blame for Britain's perma-slump, not Europe

    Updated: 2012-07-26 15:15:21
    Britain is contracting as fast or even faster that those eurozone states – Spain, Italy – imposing far tougher fiscal austerity. This has caused some consternation. There is no Keynesian explanation for this, but there is certainly a monetary explanation. The UK is not my beat, but let me just say that the answer to [...]

  • Things worth reading: 26th July 2012

    Updated: 2012-07-26 07:04:15

  • Weimar solution beckons as manufacturing crashes in US Fifth District?

    Updated: 2012-07-25 11:54:54
    As Britain tanks by 0.7pc in the second quarter (much worse than Spain at 0.4pc), it is worth keeping a close eye on the very ominous turn of events in the US. The Richmond Fed's twin indices of manufacturing and services – a very good indicator at the onset of the Great Recession – collapsed [...]

  • Things worth reading: 25th July 2012

    Updated: 2012-07-25 06:02:31

  • It's Not Free Money

    Updated: 2012-07-24 22:21:27
    CRFB.org Stimulus.org US Budget Watch Peterson-Pew Commission E-mail list sign up : Subscribe Unsubscribe Search : Home Documents Blog News Events About Contact Donate Recent Posts Council on Foreign Relations Primes Readers on the Fiscal Cliff The 47th Anniversary of Medicare and Our Growing Aging Problem Re-visiting the President's Budget : OMB's Mid-Session Review A Deal on Appropriations Is Near CRFB Reiterates Its Call to Debate the Debt The Concord Coalition Provides Fiscal Lessons From Europe Lieberman and Collins Stand Up for Fiscal Responsibility Online Sales Tax Debate Heats Up By month July 2012 45 June 2012 48 May 2012 45 April 2012 51 March 2012 45 February 2012 45 January 2012 44 December 2011 34 November 2011 45 October 2011 52 September 2011 46 August 2011 52 All Archives

  • AARP Event Discusses Population Aging Across the Globe

    Updated: 2012-07-24 18:45:31
    CRFB.org Stimulus.org US Budget Watch Peterson-Pew Commission E-mail list sign up : Subscribe Unsubscribe Search : Home Documents Blog News Events About Contact Donate Recent Posts Council on Foreign Relations Primes Readers on the Fiscal Cliff The 47th Anniversary of Medicare and Our Growing Aging Problem Re-visiting the President's Budget : OMB's Mid-Session Review A Deal on Appropriations Is Near CRFB Reiterates Its Call to Debate the Debt The Concord Coalition Provides Fiscal Lessons From Europe Lieberman and Collins Stand Up for Fiscal Responsibility Online Sales Tax Debate Heats Up By month July 2012 45 June 2012 48 May 2012 45 April 2012 51 March 2012 45 February 2012 45 January 2012 44 December 2011 34 November 2011 45 October 2011 52 September 2011 46 August 2011 52 All Archives

  • Things worth reading: 24th July 2012

    Updated: 2012-07-24 06:40:08

  • GAO: The Debt Limit Fight Cost the Treasury $1.3 Billion

    Updated: 2012-07-23 23:10:48
    : CRFB.org Stimulus.org US Budget Watch Peterson-Pew Commission E-mail list sign up : Subscribe Unsubscribe Search : Home Documents Blog News Events About Contact Donate Recent Posts Council on Foreign Relations Primes Readers on the Fiscal Cliff The 47th Anniversary of Medicare and Our Growing Aging Problem Re-visiting the President's Budget : OMB's Mid-Session Review A Deal on Appropriations Is Near CRFB Reiterates Its Call to Debate the Debt The Concord Coalition Provides Fiscal Lessons From Europe Lieberman and Collins Stand Up for Fiscal Responsibility Online Sales Tax Debate Heats Up By month July 2012 45 June 2012 48 May 2012 45 April 2012 51 March 2012 45 February 2012 45 January 2012 44 December 2011 34 November 2011 45 October 2011 52 September 2011 46 August 2011 52 All Archives

  • Things worth reading: 23rd July 2012

    Updated: 2012-07-23 06:56:08

  • Spotlight on the States: Structural Challenges

    Updated: 2012-07-18 17:02:40
    : CRFB.org Stimulus.org US Budget Watch Peterson-Pew Commission E-mail list sign up : Subscribe Unsubscribe Search : Home Documents Blog News Events About Contact Donate Recent Posts Council on Foreign Relations Primes Readers on the Fiscal Cliff The 47th Anniversary of Medicare and Our Growing Aging Problem Re-visiting the President's Budget : OMB's Mid-Session Review A Deal on Appropriations Is Near CRFB Reiterates Its Call to Debate the Debt The Concord Coalition Provides Fiscal Lessons From Europe Lieberman and Collins Stand Up for Fiscal Responsibility Online Sales Tax Debate Heats Up By month July 2012 45 June 2012 48 May 2012 45 April 2012 51 March 2012 45 February 2012 45 January 2012 44 December 2011 34 November 2011 45 October 2011 52 September 2011 46 August 2011 52 All Archives

  • MAP-21: Good News & Bad News for Pension Plans

    Updated: 2012-07-12 19:51:18
    The “Moving Ahead for Progress in the 21st Century” (MAP-21) legislation signed into law last week included significant pension law changes.  These included good news and bad news for sponsors of defined benefit pension plans. The good news is that MAP-21 provided some relief from the historical low interest rate environment.  The funding segment interest [...]

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