You can count America’s 58 million Social Security recipients among those whose incomes are frozen. They’ll have to make-do with their current monthly check for another year, as there will be no cost-of-living increase for 2011. It’s the second year in a row that low inflation has eliminated the annual adjustment that’s been part of the program since 1975. Source Link
While embattled homeowners may cheer the thought of a nationwide moratorium on foreclosures, the trade group that represents investors who buy those distressed properties says the move would be “catastrophic” to the economy, because it would freeze the flow of capital from housing sales. Several national lenders have stopped foreclosure proceedings amid investigations into shoddy paperwork.
Microsoft is jumping back into the crowded smartphone market by unveiling a new lineup that runs on the new Windows Phone 7 platform. The move could be Microsoft's last chance to catch up in the smartphone market, as Apple’s iPhone and Google’s Android system are locked in a battle to be the leader in running the next generation of smartphones. Source Link
