Paul Krugman on the Retirement Age

Paul Krugman: You know we did raise the retirement age and raise the Social Security tax back in 1982 through the Greenspan Commission.  Because we knew that, you know, the baby boomers had all been born by then, and we knew it was coming.  And most estimates suggest that what we did back then is, if not quite enough, almost enough.  Social Security on some estimates actually is solvent for the indefinite future.  And the more cautious estimates, it might possibly face a financial shortfall beginning sometime in the 2040s.  Gee on the list of problems we have, that’s way down.  You know but it’s    . . .  It’s always interesting to have people who say, “Oh don’t worry about the budget deficit now.  Don’t worry about how we’re gonna pay for the Iraq war, but worry a lot about what might happen to the Social Security system in 2043.”  Boy you know, not . . . not . . . not . . .  At this point I think the best thing to do on Social Security is to say of the various parts of the federal government, that’s one of the parts that’s in the best . . . in the best financial shape.

 

Social Security is doing just fine.

NYTimes exposé reveals how Facebook handled scandals

Delay, deny and deflect were the strategies Facebook has used to navigate scandals it's faced in recent years, according to the New York Times.

(Photo by Chip Somodevilla/Getty Images)
Politics & Current Affairs
  • The exhaustive report is based on interviews with more than 50 people with ties to the company.
  • It outlines how senior executives misled the public and lawmakers in regards to what it had discovered about privacy breaches and Russian interference in U.S. politics.
  • On Thursday, Facebook cut ties with one of the companies, Definers Public Relations, listed in the report.
Keep reading Show less

Russian reporters discover 101 'tortured' whales jammed in offshore pens

Protected animals are feared to be headed for the black market.

(VL.ru)
Politics & Current Affairs
  • Russian news network discovers 101 black-market whales.
  • Orcas and belugas are seen crammed into tiny pens.
  • Marine parks continue to create a high-price demand for illegal captures.
Keep reading Show less

Unraveling the mystery behind dogs' floppy ears

Dogs' floppy ears may be part of why they and other domesticated animals love humans so much.

Photo by Jamie Street on Unsplash
Surprising Science
  • Nearly all domestic animals share several key traits in addition to friendliness to humans, traits such as floppy ears, a spotted coat, a shorter snout, and so on.
  • Researchers have been puzzled as to why these traits keep showing up in disparate species, even when they aren't being bred for those qualities. This is known as "domestication syndrome."
  • Now, researchers are pointing to a group of a cells called neural crest cells as the key to understanding domestication syndrome.
Keep reading Show less