BUSINESS
Eileen Ambrose | October 16, 2012
The Social Security Administration announced Tuesday that 56 million retirement beneficiaries are set to get a cost-of-living raise of 1.7 percent next year. The same goes for the 8 million people receiving disability payments from the agency. The raise is tied to inflation. Checks this year went up 3.6 percent, after two years when inflation was so low that beneficiaries didn't get a raise at all. In addition, the agency announced that the level of earnings subject to the Social Security tax is going up $3,600 to $113,700 next year.
NEWS
By NEW YORK TIMES NEWS SERVICE | June 7, 1998
SARATOGA SPRINGS, N.Y. -- They wore baseball caps and golf shirts and, some of them, hearing aids. They talked about wives and ex-wives, reminisced about 10-cent bottles of beer and just laughed a lot. Only the pointed gold medals dangling from their necks hinted that this was a convention of old heroes.There was Lewis Lee Millett, his Army crew cut still sharp at age 77, who in Korea led a bayonet charge up a hill against enemy fire. And Ronald Ray, 56, who in Vietnam shielded his men from a grenade by diving in front of it. And Jack Montgomery, a small, quiet man of 80, who in World War II killed 11 Germans and captured 32 others in a single battle.
NEWS
By NEW YORK TIMES NEWS SERVICE | June 30, 1997
WASHINGTON -- The nation's 62-year-old welfare system, condemned last year by federal law, will formally die tomorrow, and a season of state legislative debate has brought new clarity to the decentralized system rising in its place.If the emerging programs share a unifying theme, it can be summarized in a word: work. States are demanding that recipients find it faster, keep it longer and perform it as a condition of aid. Most states regard even a low-paying, dead-end job preferable to the education and training programs they offered in the past.
NEWS
May 2, 1991
The Sexual Assault Recovery Center, 1010 St. Paul St., and Margaret Savko, a volunteer at the center, have been named the recipients of the sixth Annual Governor's Victim Assistance Award.Gov. William Donald Schaefer and the Maryland Victim Assistance Network chose the recipients.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | April 24, 2013
Four Maryland organizations won the right to raise $135 million for community development projects by selling federal tax credits, the Treasury Department said Wednesday. The New Markets tax credits help developers fund projects intended to add jobs and bring other improvements to distressed areas. Investors purchasing the credits from New Markets recipients receive a break on their federal income taxes. The local recipients are Baltimore-based CDF Development, a Cordish Cos. affiliate that intends to invest in retail and mixed-use projects; Baltimore-based Harbor Bankshares Corp., which will offer below-market-rate loans to projects in low-income neighborhoods; Columbia-based ESIC New Markets Partners, which focuses on health care centers, healthy-food options and mixed-use developments; and Bethesda-based Mid-City Community CDE, whose investments will include transit-oriented businesses.
NEWS
By Jon Morgan and Jon Morgan,Evening Sun Staff | February 20, 1991
Gov. William Donald Schaefer said today he has stopped writing his sometimes controversial letters to constituents because the recipients had gone public with them."