Connect with us

International

Social Security gets the biggest COLA boost in decades – National and International News – WED 13Okt2021 –

Published

on

 


Social Security gets the biggest COLA boost in decades. Price chewing: Ports, retailers increase hours to ease bottlenecks. Countries develop their own COVID vaccines after COVAX falters.

NATIONAL NEWS

Social Security will increase by 5.9% in 2022

About 70 million Social Security beneficiaries will have a 5.9% increase in the cost of living (COLA) in their benefits next year. COLA growth is the highest in the last 39 years. Annual adjustments have averaged only 1.65% per year over the last decade.

This will achieve an average increase of about $ 92 per month for retirees to an average total of $ 1,657 per month next year. The adjustment reflects rising costs for food, transportation and other living expenses faced by retirees. Recent pandemic-driven inflation has raised prices for consumer goods for all Americans in recent months. Fixed-income retirees have been hit particularly hard as price increases account for a larger share of their monthly income.

Click here for the full story (opens in new tab).

Price chewing: Ports, retailers increase hours to ease bottlenecks

The White House has reached an agreement with major U.S. ports, retailers and delivery services to increase hours during the holiday season. The Biden administration hopes the plan will help alleviate service and delivery problems that are raising prices and could hit the availability of certain products by December.

The ports of Los Angeles and Long Beach will now operate 24/7. Together, the two ports receive about 40% of the country’s international container traffic. Retail giant Wal-Mart will also be on a 24-hour schedule, as will UPS and FedEx parcel shippers. The administration hopes this will encourage other private sector entities that play roles in key supply chains to grow to compete.

But some significant obstacles remain, including labor shortages. The truck industry in particular has bled skilled workers throughout the pandemic. The White House is pushing for more commercial truck licenses to be issued to speed up ground transportation.

Click here for the full story (opens in new tab).

INTERNATIONAL NEWS

Countries develop home-produced COVID vaccines as COVAX fails to deliver

Through the UN COVAX scheme, rich countries have pledged to donate doses of COVID vaccine to low-income countries. In total, over 1 billion doses have been promised, but that number is far less than the global need. Experts estimate that we need about 11 billion doses to vaccinate 70% of the world’s population.

Global vaccination rates also show a marked income inequality. While many rich countries have long exceeded the goal of vaccinating at least 50% of their total population, low-income countries average about 2.5%. As long as this remains the case, the developing world will continue to incubate vaccine-resistant COVID strains.

Where does the problem lie?

It’s true that supply bottlenecks and production cramps have made the promised doses of COVAX slow to materialize. But the crux of the problem is patent protectionsWith Some say patent protection is needed to allow companies like Pfizer and AstraZeneca to repay their research investments. However, these companies received billions of dollars from various governments to develop their own vaccines.

Local solutions

Several countries, including Egypt, India and Cuba, have developed their own vaccines against COVID. Cuba has developed a conventional (non-mRNA-based) vaccine, which scientists say is over 90% effective against COVID. Since the launch of the Abdala vaccine, which takes its name from a work by Cuban poet Jose Marti, 85% of the Cuban population has received at least one stroke. Doctors are even using Abdala to vaccinate 2-year-oldswith

Cuba applied for WHO approval for the Abdala vaccine last monthWith But Vietnam, Venezuela and Nicaragua are not waiting for WHO approval and are already securing doses of Abdala.

Most important, Cuba has pledged to offer open licensing for its COVID vaccines to enable low-income countries to produce them domestically.

Click here for the full story (opens in new tab).

Tags: cost of living regulation (COLA), COVAX, vaccines against COVID-19, Cuba, inflation, Infrastructure, international news, national news, New Albany MS, northeastern Mississippi news, ports, retail, seniors, Social Security, UN, US News, Vaccine Patent Protection, World News

Sources

1/ https://Google.com/

2/ https://www.nemiss.news/social-security-gets-biggest-cola-boost-in-decades-national-international-news-wed-13oct2021/

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

ExBUlletin

to request, modification Contact us at Here or [email protected]