Social Security COLA small 1975 benchmark raised to 19 dollars
More than 56 million Americans on Social Security will receive a raise averaging 19 dollars a month in January, one of the smallest COLAs since automatic inflation adjustments began in 1975. Medicare premiums may offset much of the increase while about 10 million higher earners face Social Security tax increases next year as wages exceed the cap. The COLA reflects a still-low inflation outlook despite higher gasoline prices.
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Closest Earthlike planet found outside the solar system
European astronomers report a nearby Earth-size planet circling a neighboring star about 25 trillion miles away. It may be hot like molten lava, with other planets possibly cooler farther out in the Goldilocks zone where water and life could exist. Mexico City reports Cuba will drop exit visa rule. Beginning Jan. 14 Cubans can travel abroad without a government travel permit, easing movement limits.
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State Education Department to move to new state building
Kansas Department of Education will relocate from its decades long Scott Building site in Topeka to the London State Office Building east of the Statehouse. Education Commissioner Diane DeBacker announced at the Kansas State Board meeting that the move, starting next fall and to be complete by January 2014, reflects a shift to leasing from the state landlord. The department currently pays about $640,000 annually in rent and had explored private space options after bids on an alternate site.
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Kansas board eyes curriculum, testing and accreditation shifts
Education policy moves loom as Kansas weighs Common Core adoption, Smarter Balanced testing, and tying evaluations to student results under a federal waiver. Debates over history, government standards, and replacing the QPA accreditation system intensify with elections shaping the state board’s makeup and potential reforms.
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Citigroup Chief Vikram Pandit Steps Down Abruptly
Citigroup chief Vikram Pandit resigned abruptly along with President and COO John Havens amid a board clash over strategy. Michael Corbat, former head of Citi Europe, was named interim CEO, with officials stressing no shift in strategic direction.
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