Archive for category Business

Social Security spent $300M on ‘IT boondoggle’

This Friday, Jan. 11, 2013 file photo, shows the Social Security Administration's main campus is seen in Woodlawn, Md. Six years ago the Social Security Administration embarked on an aggressive plan to replace outdated computer systems overwhelmed by a growing flood of disability claims. Nearly $300 million later, the new system is nowhere near ready and agency officials are struggling to salvage a project racked by delays and mismanagement. (AP Photo/Patrick Semansky, File)

WASHINGTON (AP) — Six years ago the Social Security Administration embarked on an aggressive plan to replace outdated computer systems overwhelmed by a growing flood of disability claims. Nearly $300 million later, the new system is nowhere near ready and agency officials are struggling to salvage a project racked by delays and mismanagement, according to an internal report commissioned by the agency.

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Get paid for posts? Social networking’s new twist

In this photo taken Wednesday, July 16, 2014, Gerry Kelly, founder of clothing brand Sonas Denim and a Bubblews user, poses near his home in San Francisco. Kelly has already earned nearly $100 from Bubblews since he began using a test version in January. His Bubblews feed serves as a journal about the lessons he has learned in life, as well as a forum for his clothing brand. (AP Photo/Eric Risberg)

SAN FRANCISCO (AP) — Facebook and most other social networks are built on the premise that just about everything should be shared —except the money those posts produce.

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Lawmaker suggests revamping film incentive cap

SANTA FE, N.M. (AP) — Two Democratic lawmakers plan to ask the Legislature to revamp a $50 million annual cap on tax incentives for film and television production in New Mexico.

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US stock futures rise as earnings reports roll in

A sign for Wall Street is shown in this March 8, 2010 file photo near the New York Stock Exchange. Global stocks mostly rose Wednesday, July 23, 2014, bolstered by solid U.S. earnings and home sales as tensions between Russia and the West over Ukraine eased. (AP Photo/Mark Lennihan, File)

NEW YORK (AP) — The stock market eked out a record high Wednesday, as investors weighed positive earnings from the technology industry against disappointing news from Boeing and other companies.

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US economy, though sluggish, may now be sturdier

In this Tuesday, July 8, 2014 photo, Mark Ahlemann, center, passes out papers to participants during a during a breakfast networking session hosted by Gray Hair Management at a restaurant in Elk Grove Village, Ill. By continuing to draw a paycheck, older workers pay taxes and that ought to reduce the budgetary pressures on younger generations, Gary Burtless, a senior economics fellow at the Brookings Institution, concluded in a 2013 paper. But in a sluggish recovery where job gains have not kept pace with population growth, the persistence of older workers has actually hurt younger generations  (AP Photo/Matt Marton)

WASHINGTON (AP) — Out of a seemingly hollow recovery from the Great Recession, a more durable if still slow-growing U.S. economy has emerged.

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