Color of Money review on Social Security solvency and book club
Michelle Singletary discusses the Social Security trustees report noting looming funding gaps for 2034 and 2032 but argues benefits remain payable. She highlights Andy Landis book Social Security The Inside Story, recommends delaying benefits to 70, and previews an online discussion on June 28 at washingtonpost.com discussions.
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Tesla to Cut Nine Percent Of Staff In Major Layoff
Elon Musk reveals Tesla will lay off nine percent of its workforce in a broad reduction that largely affects salaried employees. The moves aim to align costs with production targets for the Model 3 as the company seeks sustained profitability. Musk notes the company has never posted an annual profit in its 15 years. He thanks departing staff for their contributions to Tesla’s mission.
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