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December 06, 2019

On This Day in 1907
At 10:20 am., explosions occurred at the No. 6 and No. 8 mines at Monongah, West Virginia. The explosions ripped through the mines at 10:28 a.m., causing the earth to shake as far as eight miles away, shattering buildings and pavements, hurling people and horses violently to the ground, and knocking streetcars off the rails. Three-hundred and sixty-two men and boys died. It remains the worst mine disaster in U.S. history. Over 3,200 miners were killed on the job in U.S. mines in 1907 because mining companies persistently disregarded recognized safety practices.
- Voices of Labor

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Chained CPI: Bargaining With Your Future
Updated On: Oct 18, 2013

The Chained-CPI isn't just a one-time cut. Each year that passes means more cuts for seniors.

According to Social Security Works, an average earner who retired in 2011 at age 65 can expect to lose over $6,000 over 15 years if the Chained-CPI were adopted.

The Chained-CPI formula fails to take into account the large health care costs and rising living expenses faced by seniors with limited income. Our seniors cannot just substitute triple bypass surgery with a double bypass because it's cheaper.

By considering a switch to Chained-CPI, Members of Congress are bargaining with our future. Use the Social Security benefits change calculator from AARP here to see how much you stand to lose, then share it with your friends and contact your legislator.

Source: www.seiu.org


 
 
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