Sen. Elizabeth Warren, D- Mass., listens to testimony during a Banking Committee hearing on Nov. 12. In a Senate floor speech on Social Security last month, Warren said, "With some modest adjustments, we can keep the system solvent for many more years, and we could even increase benefits."
For the past three years, there's been a shortfall in the payroll taxes collected for Social Security. And as more baby boomers join the ranks of the 57 million people already receiving benefits, that deficit is bound to keep growing.
At the same time, the overall share of wages being taxed for Social Security is shrinking as the higher wages that are exempt have soared. The Social Security Board of Trustees predicts a nearly $3 trillion trust fund built up over decades will vanish within 20 years.
Originally published on Thu December 5, 2013 6:56 pm
There are many examples of triumphant liberation leaders and successful political leaders, but it's rare to find someone who has managed the transition from one to the other.
George Washington did it in the 18th century. Mustafa Kemal Ataturk of Turkey did it after World War I. And Nelson Mandelaalso belongs to this exclusive club.
"It is hard enough to find someone courageous enough to lead a revolution, rarer still for them to have remarkable leadership skills," says Jack Goldstone, director of the Center for Global Policy at George Mason University.
When you think of the world's great cuisines, Brazilian food doesn't spring to mind. But that is about to change.
Outside of Brazil,the South American nation is most famous for its BBQ, or churrascarria. But inside the country, a new movement celebrating regional foods is booming. And ahead of the World Cup and the Olympics, Brazilians are hoping the world will get a new taste of Brazil.
Originally published on Thu December 5, 2013 7:08 pm
The White House has acknowledged that as a student at Harvard Law School in the 1980s, the president briefly lived with his Kenyan-born uncle, after it first denied the two had ever met.
Earlier this week, Onyango Obama, 69, faced a deportation that resulted from a 2011 drunken-driving arrest. At the hearing, which he won, the judge asked about his family, and Onyango replied that he had a nephew named Barack Obama, adding, "He's the president of the United States."
Wildlife officials in southwest Florida who are struggling to save dozens of beached pilot whales say there's hope that at least some of the animals might escape after they spotted at least 20 of them swimming in deeper water.
A rendering of the world's largest vessel, the Shell Prelude, which comes in at just over 1,600 feet. It has just left its dry dock in South Korea, where it is being built. It will eventually head toward Australia, where it will be anchored off the coast and used as a liquefied natural gas facility.