Expected Social Security shortfall won’t stand in way of expansion

Meanwhile, more than 200 lawmakers, all Democrats, have signed onto the Social Security 2100 Act in the House. It also would require that earnings above $400,000 be subject to the payroll tax. Right now, earnings above a certain level — $132,900 for 2019 — are not subject to Social Security taxation. “The whole reason Social Security is projected out for 75 years is to give people a sense of security,” Altman said. “Social Security has never missed a payment and I don’t believe it ever will.”


Meanwhile, more than 200 lawmakers, all Democrats, have signed onto the Social Security 2100 Act in the House. It also would require that earnings above $400,000 be subject to the payroll tax. Right now, earnings above a certain level — $132,900 for 2019 — are not subject to Social Security taxation. “The whole reason Social Security is projected out for 75 years is to give people a sense of security,” Altman said. “Social Security has never missed a payment and I don’t believe it ever will.”
Expected Social Security shortfall won’t stand in way of expansion Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: sarah obrien, photojournalis, getty images
Keywords: news, cnbc, companies, security, expansion, shortfall, expected, payroll, solvency, require, subject, wont, social, way, increase, benefits, lawmakers, tax, stand


Expected Social Security shortfall won't stand in way of expansion

For example, if lawmakers were to make no changes until 2035, maintaining a 75-year solvency would require a permanent 3.65 percentage-point increase to the payroll tax rate (for a total of 16.05% that gets split between worker and employer) or a 23% reduction to all benefits starting that year.

Meanwhile, more than 200 lawmakers, all Democrats, have signed onto the Social Security 2100 Act in the House. Introduced by Rep. John Larson, D-Connecticut, the bill would gradually increase the payroll contribution by workers and their employers to 7.4% each by 2043 from the current 6.2% (to 14.8% altogether from 12.4%).

It also would require that earnings above $400,000 be subject to the payroll tax. Right now, earnings above a certain level — $132,900 for 2019 — are not subject to Social Security taxation.

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Among other changes, the yearly cost-of-living adjustment for benefits would rely on a different formula to more accurately reflects rising costs for older Americans.

The end result would be extended solvency for the program for 75 years, according to Social Security’s Office of the Chief Actuary.

Altman also said that despite the impending funding woes, retirees should not worry that their benefits will be reduced or eliminated. In fact, she said, they should feel confident about the program.

“The whole reason Social Security is projected out for 75 years is to give people a sense of security,” Altman said. “Social Security has never missed a payment and I don’t believe it ever will.”


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: sarah obrien, photojournalis, getty images
Keywords: news, cnbc, companies, security, expansion, shortfall, expected, payroll, solvency, require, subject, wont, social, way, increase, benefits, lawmakers, tax, stand


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Why this trader says Twitter has more upside potential than Facebook, Snap

Why this trader says Twitter has more upside potential than Facebook, Snap4 Hours AgoMatt Maley of Miller Tabak and Chad Morganlander of Washington Crossing Advisors discuss how social media stocks, like Twitter and Facebook, are trading, with CNBC’s Kelly Evans.


Why this trader says Twitter has more upside potential than Facebook, Snap4 Hours AgoMatt Maley of Miller Tabak and Chad Morganlander of Washington Crossing Advisors discuss how social media stocks, like Twitter and Facebook, are trading, with CNBC’s Kelly Evans.
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Why this trader says Twitter has more upside potential than Facebook, Snap

Why this trader says Twitter has more upside potential than Facebook, Snap

4 Hours Ago

Matt Maley of Miller Tabak and Chad Morganlander of Washington Crossing Advisors discuss how social media stocks, like Twitter and Facebook, are trading, with CNBC’s Kelly Evans.


Company: cnbc, Activity: cnbc, Date: 2019-04-22
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Pinterest is an advertising — not social media — company: Fund manager


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Pinterest is an advertising — not social media — company: Fund manager


Company: cnbc, Activity: cnbc, Date: 2019-04-18
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Chopra: Social and emotional intelligence associated with happy life

Deepak Chopra: This is why it’s important to talk to strangers6 Hours AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. Deepak Chopra believes can help you live a happier life.


Deepak Chopra: This is why it’s important to talk to strangers6 Hours AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. Deepak Chopra believes can help you live a happier life.
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Chopra: Social and emotional intelligence associated with happy life

Deepak Chopra: This is why it’s important to talk to strangers

6 Hours Ago

To view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again.

Deepak Chopra believes can help you live a happier life.


Company: cnbc, Activity: cnbc, Date: 2019-04-18
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Why you absolutely should talk to strangers, according to Deepak Chopra (and science)

There is plenty of science to back up Chopra’s advice, as sociologists and psychologists have released studies showing that having more social connections can help boost happiness and self-esteem. “Social and emotional intelligence are the two things that are most associated with a long and happy life,” Chopra claims. He adds that one way to increase your social connections is to engage with strangers, even if it feels awkward to do so. It’s easy to get started, according to Chopra, who says he


There is plenty of science to back up Chopra’s advice, as sociologists and psychologists have released studies showing that having more social connections can help boost happiness and self-esteem. “Social and emotional intelligence are the two things that are most associated with a long and happy life,” Chopra claims. He adds that one way to increase your social connections is to engage with strangers, even if it feels awkward to do so. It’s easy to get started, according to Chopra, who says he
Why you absolutely should talk to strangers, according to Deepak Chopra (and science) Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: tom huddleston jr
Keywords: news, cnbc, companies, studies, theyll, connections, according, chopra, youre, strangers, absolutely, social, ask, deepak, science, smile, talk, life


Why you absolutely should talk to strangers, according to Deepak Chopra (and science)

As a kid you’re told not to talk to strangers but as an adult, says wellness guru Deepak Chopra, you should make an effort to strike up more conversations with people you don’t know — because it might just lead to a happier life.

“Social and emotional engagement makes you a happier person, restores homeostasis, self-regulation in your body, and actually expands your network of relationships, so you can create a more meaningful, purposeful and successful life,” Chopra tells CNBC Make It.

There is plenty of science to back up Chopra’s advice, as sociologists and psychologists have released studies showing that having more social connections can help boost happiness and self-esteem. And, there’s even scientific evidence, from Stanford University’s Center on Longevity, linking people with higher levels of social engagement to higher levels of physical and mental health, as well as longer life spans.

“Social and emotional intelligence are the two things that are most associated with a long and happy life,” Chopra claims. He adds that one way to increase your social connections is to engage with strangers, even if it feels awkward to do so.

It’s easy to get started, according to Chopra, who says he often talks to strangers in elevators. Chopra “only asks important questions,” he says, “like: ‘Who are you? What do you want? What’s your purpose? What is the meaning of existence?'”

“But you can ask simple questions too,” Chopra says. For instance, the next time you’re standing next to a stranger in the elevator, you could simply ask them about the weather or ask how their day is going.

And if you’re worried about being snubbed, Chopra says you shouldn’t be. Scientific studies show that people are likely to pick up on and even copy your actions and comments because of a behavioral theory known as “mirroring.”

“Mirroring actually helps you engage socially,” Chopra says.

“There are many studies that show that if you’re within 10 feet of a person and you smile at them, they’ll smile back at you … If you’re within 5 feet of them and you smile at them and say ‘Hello,’ they’ll smile back and say, ‘Hello,'” he adds.

Most importantly, though, you shouldn’t feel too nervous or awkward to interact with other people at all.

“It’s up to you to make the connection, not wait for other people to make connections,” Chopra says.

Don’t Miss: Deepak Chopra’s tricks to help you fall asleep when your mind is racing

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Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: tom huddleston jr
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Expert: Pinterest isn’t quite a social media company, but will be compared to them

Expert: Pinterest isn’t quite a social media company, but will be compared to them5 Hours AgoDoug Clinton of Loup Ventures and CNBC’s Leslie Picker and Deirdre Bosa join “The Exchange” to look at Pinterest after its first trades on Thursday.


Expert: Pinterest isn’t quite a social media company, but will be compared to them5 Hours AgoDoug Clinton of Loup Ventures and CNBC’s Leslie Picker and Deirdre Bosa join “The Exchange” to look at Pinterest after its first trades on Thursday.
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Expert: Pinterest isn't quite a social media company, but will be compared to them

Expert: Pinterest isn’t quite a social media company, but will be compared to them

5 Hours Ago

Doug Clinton of Loup Ventures and CNBC’s Leslie Picker and Deirdre Bosa join “The Exchange” to look at Pinterest after its first trades on Thursday.


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New college graduates enjoy the best job market in years with more offers and better salaries

Those armed with a newly minted diploma will enter a job market with unemployment near the lowest level in 50 years and job prospects up significantly from just last year. In addition, many job offers come with pay better than they did last year in nearly every degree category ranging from business to social sciences. Recent college graduates must also weigh massive student loan balances as they make their way in the real world. Over the last decade, college loan balances in the U.S. have jumped


Those armed with a newly minted diploma will enter a job market with unemployment near the lowest level in 50 years and job prospects up significantly from just last year. In addition, many job offers come with pay better than they did last year in nearly every degree category ranging from business to social sciences. Recent college graduates must also weigh massive student loan balances as they make their way in the real world. Over the last decade, college loan balances in the U.S. have jumped
New college graduates enjoy the best job market in years with more offers and better salaries Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: jessica dickler, andrew sacks, getty images
Keywords: news, cnbc, companies, science, nace, market, enjoy, best, average, college, social, job, graduates, salaries, recent, better, students, grads, according, offers


New college graduates enjoy the best job market in years with more offers and better salaries

It’s a good time to be a graduate.

Those armed with a newly minted diploma will enter a job market with unemployment near the lowest level in 50 years and job prospects up significantly from just last year.

Employers plan to hire nearly 11% more graduates from the class of 2019 than they did from the class of 2018, according to a recent survey by the National Association of Colleges and Employers. This also marks the first time since 2011 that hiring projections are in the double digits, NACE said.

Improved job opportunities were spread across most industries, including accounting and professional services, NACE said, with wholesale trade as the only exception.

In addition, many job offers come with pay better than they did last year in nearly every degree category ranging from business to social sciences.

Once again, STEM degree holders are projected to earn the most overall as the demand for workers in science, technology, engineering and math occupations continues to increase, NACE said.

Engineering was the top paid major this year with an average starting salary of $69,188, followed by computer science and math. In 2018, grads earned an overall average of $51,022, NACE found.

However, the tighter labor market is giving recent grads more confidence to pursue a career that is not based on salary alone, according to a separate report by job site Indeed, allowing them to prioritize other interests rather than following a more conventional track.

That is steering some students away from traditional high-paying positions in business or finance in favor of careers in the arts and social service, said Nick Bunker, an economist with Indeed.

In fact, the occupation that garnered the most interest among grads this year was graphic designer, where the typical worker makes $48,700 per year, Bunker said.

But students leaving school are not free from financial burdens. Recent college graduates must also weigh massive student loan balances as they make their way in the real world.

Over the last decade, college loan balances in the U.S. have jumped to a record $1.5 trillion, according to the Federal Reserve. The average outstanding balance is about $30,000, according to the most recent data from the Institute for College Access & Success.


Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: jessica dickler, andrew sacks, getty images
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Pinterest prices IPO at $19, valuing social media company at $10 billion

Pinterest raised $1.43 billion in its IPO after pricing the offering at $19 a share on Wednesday, valuing the company at $10 billion. Pinterest, which is expected to start trading on Thursday on the New York Stock Exchange, had originally given a pricing range of $15 to $17. But investors appear to be showing an appetite for the social media company despite the challenges Lyft has faced since becoming the first consumer tech IPO of the year last month. Still, Pinterest’s IPO is below the $12 bil


Pinterest raised $1.43 billion in its IPO after pricing the offering at $19 a share on Wednesday, valuing the company at $10 billion. Pinterest, which is expected to start trading on Thursday on the New York Stock Exchange, had originally given a pricing range of $15 to $17. But investors appear to be showing an appetite for the social media company despite the challenges Lyft has faced since becoming the first consumer tech IPO of the year last month. Still, Pinterest’s IPO is below the $12 bil
Pinterest prices IPO at $19, valuing social media company at $10 billion Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: salvador rodriguez, justin sullivan, getty images news, getty images
Keywords: news, cnbc, companies, million, pinterests, pinterest, 19, tech, media, ipo, worth, stock, valuing, start, trading, social, billion, company, prices


Pinterest prices IPO at $19, valuing social media company at $10 billion

Pinterest raised $1.43 billion in its IPO after pricing the offering at $19 a share on Wednesday, valuing the company at $10 billion.

Pinterest, which is expected to start trading on Thursday on the New York Stock Exchange, had originally given a pricing range of $15 to $17. But investors appear to be showing an appetite for the social media company despite the challenges Lyft has faced since becoming the first consumer tech IPO of the year last month.

CNBC reported earlier on Wednesday that the company would price above the expected range. Pinterest’s revenue jumped 60% last year to $756 million, and the company moved significantly closer to profitability with a net loss of $63 million. Still, Pinterest’s IPO is below the $12 billion valuation it attained in a 2017 financing round.

Pinterest is among the first big tech IPOs of the year and is scheduled to start trading around the same time as videoconferencing company Zoom. Ride-hailing company Lyft was the first big offering to hit the market in March, but the stock has dropped 19 percent from its IPO price.

Founded in 2010 by Ben Silbermann, a former Google employee, and Evan Sharp, who was previously a designer at Facebook, Pinterest has grown to 265 million monthly users. The company burst into the mainstream in 2012 with rapid growth, but expansion has since cooled due in part to a work culture that many employees describe as slow when it comes to making decisions.

Silbermann’s stake is worth close to $1 billion at the offer price. Bessemer Ventures owns shares valued at $1.13 billion, while FirstMark’s holdings are worth $844 million and Andreessen Horowitz’s stake is worth $827 million.

Goldman Sachs and J.P. Morgan Chase are leading the offering.

Watch: Pinterest’s path forward


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: salvador rodriguez, justin sullivan, getty images news, getty images
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Finnish Social Democrats and nationalist Finns Party nearly tied in election

Finland’s leftist Social Democrats and the nationalist Finns Party emerged nearly tied to win Sunday’s general election, reflecting a mounting sense of insecurity in the Nordic nation over immigration, welfare and climate change. Tipped to win, the opposition Social Democrats scored 17.7 percent, while their eurosceptic Finns Party rivals were at 17.5 percent, according to final results from the justice ministry. “For the first time since 1999 we are the largest party in Finland … SDP is the p


Finland’s leftist Social Democrats and the nationalist Finns Party emerged nearly tied to win Sunday’s general election, reflecting a mounting sense of insecurity in the Nordic nation over immigration, welfare and climate change. Tipped to win, the opposition Social Democrats scored 17.7 percent, while their eurosceptic Finns Party rivals were at 17.5 percent, according to final results from the justice ministry. “For the first time since 1999 we are the largest party in Finland … SDP is the p
Finnish Social Democrats and nationalist Finns Party nearly tied in election Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: antti aimo-koivisto, afp, getty images
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Finnish Social Democrats and nationalist Finns Party nearly tied in election

Finland’s leftist Social Democrats and the nationalist Finns Party emerged nearly tied to win Sunday’s general election, reflecting a mounting sense of insecurity in the Nordic nation over immigration, welfare and climate change.

Tipped to win, the opposition Social Democrats scored 17.7 percent, while their eurosceptic Finns Party rivals were at 17.5 percent, according to final results from the justice ministry.

The co-ruling Centre Party of Prime Minister Juha Sipila and centre-right National Coalition stood at 13.8 percent and 17.0 percent, respectively, marking the first time in a century that no party won more than 20 percent in a general election.

With a fragmented parliament and deep divisions within the mainstream parties over how to tackle rising costs of expensive public services, coalition talks following the election could be protracted.

But Social Democrat leader Antti Rinne, 56, a former union boss, was expected to have the first shot at forming a government, with most party leaders having ruled out cooperation with the populist Finns.

“For the first time since 1999 we are the largest party in Finland … SDP is the prime minister’s party,” Rinne told supporters and party members celebrating in central Helsinki.

With the European Parliament election less than two months away, the Finnish ballot is being watched in Brussels.

Underscoring a growing confidence among the far-right in Europe, anti-immigration parties, including the Finns, have announced plans to join forces after the May 26 EU election in a move that could give them a major say in how the continent is run.

At stake in Finland is the future shape of the country’s welfare system, a pillar of the social model across the Nordics, which the leftists want to preserve through tax hikes and the centre-right wants to see streamlined because of rising costs.

Just as the Social Democrats are benefiting from a growing sense of insecurity among Finland’s older and poorer voters, the Finns argue that the nation has gone too far in addressing issues such as climate change and migration at its own expense.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: antti aimo-koivisto, afp, getty images
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Social media firms told not to let children use the ‘like’ button in new UK proposals

“The employment of nudge techniques in the design of online services can be used to encourage users, including children, to provide an online service with more personal data than they would otherwise volunteer,” it added. “Similarly, it can be used to lead users, particularly children, to select less privacy enhancing choices when personalizing their privacy settings. It is in social media firms’ interest to have people spend more time on their apps as they can collect data on what they do as we


“The employment of nudge techniques in the design of online services can be used to encourage users, including children, to provide an online service with more personal data than they would otherwise volunteer,” it added. “Similarly, it can be used to lead users, particularly children, to select less privacy enhancing choices when personalizing their privacy settings. It is in social media firms’ interest to have people spend more time on their apps as they can collect data on what they do as we
Social media firms told not to let children use the ‘like’ button in new UK proposals Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: lucy handley, saul loeb, afp, getty images
Keywords: news, cnbc, companies, used, uk, techniques, online, media, told, services, privacy, data, ico, children, button, social, let, firms, proposals, users


Social media firms told not to let children use the 'like' button in new UK proposals

“The employment of nudge techniques in the design of online services can be used to encourage users, including children, to provide an online service with more personal data than they would otherwise volunteer,” it added.

“Similarly, it can be used to lead users, particularly children, to select less privacy enhancing choices when personalizing their privacy settings. Or spend more time than they intend on a particular service.”

Using such techniques are “based on the exploitation of human psychological bias” and go against the General Data Protection Regulation (GDPR), a European data law that came into effect in May 2018, the ICO says.

It is in social media firms’ interest to have people spend more time on their apps as they can collect data on what they do as well as attract advertising. For example, Snapchat’s new ad-supported gaming platform was welcomed by advertisers as a way to increase the time spent on the app when parent company Snap announced new functions earlier this month.

The ICO’s document also makes the case for social media firms to have location options off by default when children are using their apps, as well as make their services “high privacy” by default. The ICO also published research showing that teenagers would prefer higher privacy settings. “Everything should be set to private and then you can change it for what you want to share,” one teen said.

Under the U.K.’s Data Protection Act 2018, the ICO is required to produce a code of practice for online firms to follow when designing for children, including services that are likely to process their personal data. Companies that break the law face fines of up to £17 million ($22.3 million), or 4 percent of global turnover.

The draft code of practice is out for consultation until May 31 and is expected to come into effect before the end of the year.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: lucy handley, saul loeb, afp, getty images
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