Study: 2-year budget cuts to cost Va. 37,000 jobs (Virginian-Pilot)
Sweeping spending cuts in the state budget are expected to cost Virginia 37,000 jobs over the next two years, findings in a new study suggest.
Obama readies steps to fight foreclosures, particularly for unemployed (Washington Post)
The Obama administration plans to overhaul how it is tackling the foreclosure crisis, in part by requiring lenders to temporarily slash or eliminate monthly mortgage payments for many borrowers who are unemployed, senior officials said Thursday.
Social Security to See Payout Exceed Pay-In This Year (NY Times)
The bursting of the real estate bubble and the ensuing recession have hurt jobs, home prices and now Social Security. This year, the system will pay out more in benefits than it receives in payroll taxes, an important threshold it was not expected to cross until at least 2016, according to the Congressional Budget Office.
The good and bad in health care reform for small businesses (USA Today)
If you’re self-employed or have a business with fewer than 25 employees, it’s probably going to be financially advantageous for you to be incorporated or an LLC (limited liability company), provide coverage through the business (rather than buy it individually), and, most likely, purchase through a state-established exchange set up beginning 2014.
16 Infamous Tax Cheats (TheStreet.com)
If you feel like taking a few minutes away from staring at your W-2, take a look at our list of some of the most notorious tax cheats of all time. Some of the individuals and businesses on this list you already know, while others you’ve probably never heard of. But most tax cheats share at least one thing in common: They are rich.
The Weekly Wind-Down: Report: $14 Trillion Spent Annually On Trying To Look Cool (The Onion)
Looking cool, which the report defines as “the outward projection of an appealing and often enviable image of oneself that others perceive as requiring little to no effort,” appears to be a nationwide obsession.