Suman Padhi 
The Biden administration has proposed a new initiative to support first-time homebuyers through a $10,000 tax credit. This proposal aims to ease the financial burden of purchasing a home amid rising housing costs. While the credit has not yet been enacted into law, the initiative has garnered significant attention as a potential solution to the … Read more
There have been recent claims suggesting that Canadian seniors will receive a $2,350 increase in Old Age Security (OAS) benefits in March 2025. However, after thorough fact-checking, there is no credible evidence supporting this claim. Instead, the federal government has maintained the standard OAS payment adjustments that are reviewed quarterly based on inflation and the … Read more
The National Oceanic and Atmospheric Administration (NOAA) is preparing for another significant round of workforce reductions, with plans to lay off approximately 1,029 employees in 2025. This comes on the heels of a previous layoff of 1,300 workers, bringing the total number of job losses at NOAA to over 2,300 in just a few months. … Read more
Millions of Australian pensioners will receive a boost in their fortnightly payments starting March 20, 2025, as the federal government adjusts Age Pension rates to reflect cost-of-living changes. The adjustment, part of the government’s regular indexation process, aims to support retirees amid rising inflation and living costs. New Age Pension Payment Rates The updated rates … Read more
Starting April 2025, UK businesses will have to adapt to a series of significant tax changes introduced by HM Revenue & Customs (HMRC). These adjustments, part of the UK government’s latest fiscal policy, are designed to increase tax revenue while also providing relief in some areas. The changes will affect employers, investors, and businesses across … Read more
Washington, D.C. – The global trade landscape shifted dramatically as former U.S. President Donald Trump imposed a 25% tariff on steel and aluminum imports into the United States on March 12, 2025. The move, aimed at revitalizing domestic manufacturing, has triggered immediate and forceful retaliation from major trading partners Canada and the European Union (EU). … Read more
Australia is experiencing an employment boom, with government funding playing a crucial role in shaping the labor market. In 2024, the country added approximately 484,000 new jobs, a significant increase that has helped Australia avoid recession despite global economic pressures. However, a closer look reveals that 80% of these jobs were government-funded, raising concerns about … Read more
Amid rising inflation and economic challenges, the Australian Government is set to provide a financial boost to over five million Centrelink recipients starting March 20, 2025. As part of the biannual indexation process, pensions, JobSeeker payments, and other welfare benefits will increase to help Australians manage the cost-of-living crisis. This adjustment ensures that welfare payments … Read more
Australians impacted by Ex-Tropical Cyclone Alfred can now access financial relief, with the federal government announcing up to $6,500 in Centrelink payments under the Disaster Recovery Allowance (DRA). The scheme aims to provide 13 weeks of income support for individuals and sole traders who have experienced income loss due to the cyclone. With the application … Read more
The UK government has unveiled a series of sweeping reforms to the Personal Independence Payment (PIP), a benefit that supports people with long-term disabilities and health conditions. As part of a broader cost-cutting effort, the government aims to reduce welfare spending by over £6 billion. These reforms are expected to tighten eligibility, freeze payments, and … Read more