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Social Security to Expand Fast-Track Disability Payments

What is the Social Security Fast-Track program? This is how the program works. For persons under age 65 who are unable to work, the Social Security Administration has a special program. The program initially specified 50 diseases for which a person could apply and receive disability benefits. It has been expanded to include 38 more diseases, including Alzheimer's.

The original paper work, a five-step application, took upwards of 440 days to complete. The program called "Compassionate Allowances" speeds up the paper work bottleneck. Individuals who qualify can't work due to a medical condition expected to last at least one year or one that will result in death.

Continue reading Social Security to Expand Fast-Track Disability Payments

Closing Bell: Bulls win small victory; Bears win 3 quarters in a row

The good news is that we saw a Monday buying interest spree after a horrible prior week. Sellers did come in late in the day after the markets traded higher earlier, putting the markets on the verge of a negative day. The bad news is that today was the end of the quarter and it looks like we have now finished down three consecutive quarters in the U.S. stock market. Whether or not it is a bear market seems to depend on whom you consult, but things are tough for the public investor right now. This morning oil was around $143.00 on fresh Iran-Israel tensions and here were the unofficial closing bell levels today:
  • DJIA 11,338.78 (-7.73)
  • S&P500 1,279.21 (+0.83)
  • NASDAQ 2,292.98 (-22.65)
  • 10YR T-Note 3.979% (-0.011%)
  • TOP 10 ANALYST CALLS

General Electric Company (NYSE: GE) did finally see a bounce after a research analyst came out showing anecdotal evidence that the current discount to the market is very close to major inflection points. Shares of GE were up 1.7% at $26.69 in today's final minutes.

Continue reading Closing Bell: Bulls win small victory; Bears win 3 quarters in a row

Symbol Lookup
IndexesChangePrice
DJIA-74.9212,454.83
NASDAQ-1.852,837.53
S&P 500-2.861,317.82

Last updated: May 28, 2012: 02:17 AM

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