http://atlanta.cbslocal.com/2012/11/16/technical-glitch-knocks-out-ebt-cards-in-georgia-and-nine-other-states/
A recent hearing sponsored by the Treasury and Labor Departments marked the beginning of the Obama Administration’s effort to nationalize the nation’s pension system and to eliminate private retirement accounts including IRA’s and 401k plans, NSC is warning.
The hearing, held in the Labor Department’s main auditorium, was monitored by NSC staff and featured a line up of left-wing activists including one representative of the AFL-CIO who advocated for more government regulation over private retirement accounts and even the establishment of government-sponsored annuities that would take the place of 401k plans.
“This hearing was set up to explore why Americans are not saving as much for their retirement as they could,” explains National Seniors Council National Director Robert Crone, “However, it is clear that this is the first step towards a government takeover. It feels just like the beginning of the debate over health care and we all know how that ended up.”
A representative of the liberal Pension Rights Center, Rebecca Davis, testified that the government needs to get involved because 401k plans and IRAs are unfair to poor people. She demanded the Obama administration set up a “government-sponsored program administered by the PBGC (the governments’ Pension Benefit Guarantee Corporation).” She proclaimed that even “private annuities are problematic.”
MIAMI (AP)— Millions of food stamp recipients in 10 states were unable to use their debit cards for about six hours Friday after an outage at JPMorgan Chase.
Bank spokesman Mike Fusco apologized for the inconvenience and said the technical glitch was resolved around 1 p.m. Friday, but he declined to discuss details of what exactly went wrong.
Bank officials said the outage affected 10 states: Florida, New York, Pennsylvania,Georgia, South Carolina, Indiana, Kentucky, Connecticut, West Virginia, Delaware. It also hit the U.S. Virgin Islands.
“All customers can now use their SNAP, food stamps and other cash benefit cards after we resolved the technical issues,” Fusco told The Associated Press.
Angry users took to social media to express their frustration in the busy grocery shopping days before Thanksgiving.
One woman tweeted, “They have about 50 signs on Publix door saying the (hash)EBT machine is down for Ga!!!”
“Five of these states were severely impacted by superstorm Sandy just weeks ago, causing significant hardship for many low-income families. We are deeply concerned about this outage and will continue monitoring the situation,” said Kevin Concannon, an undersecretary for the U.S. Department of Agriculture.
Some stores, including Wal-Mart, agreed to handle manual transactions to accommodate customers.
Fusco stressed the outage did not affect regular debit, credit or other card holders.
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http://beforeitsnews.com/economics-and-politics/2012/11/obama-going-after-your-401ks-and-iras-2446654.html
Obama Begins Push for New National Retirement System
A recent hearing sponsored by the Treasury and Labor Departments marked the beginning of the Obama Administration’s effort to nationalize the nation’s pension system and to eliminate private retirement accounts including IRA’s and 401k plans, NSC is warning.
The hearing, held in the Labor Department’s main auditorium, was monitored by NSC staff and featured a line up of left-wing activists including one representative of the AFL-CIO who advocated for more government regulation over private retirement accounts and even the establishment of government-sponsored annuities that would take the place of 401k plans.
“This hearing was set up to explore why Americans are not saving as much for their retirement as they could,” explains National Seniors Council National Director Robert Crone, “However, it is clear that this is the first step towards a government takeover. It feels just like the beginning of the debate over health care and we all know how that ended up.”
A representative of the liberal Pension Rights Center, Rebecca Davis, testified that the government needs to get involved because 401k plans and IRAs are unfair to poor people. She demanded the Obama administration set up a “government-sponsored program administered by the PBGC (the governments’ Pension Benefit Guarantee Corporation).” She proclaimed that even “private annuities are problematic.”
Such “reforms” would effectively end private retirement accounts in America, Crone warns. “These people want the government to require that ultimately all Americans buy these government annuities instead of saving or investing on their own. The Government could then take these trillions of dollars and redistribute it through this new national retirement system.”
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The Depository Trust & Clearing Corporation (DTCC) has released a statement regarding the status of it’s NY securities vault after assessing the flood damage from SuperStorm Sandy. The DTCC, which had previously stated that 
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