KeatsConnelly Cross-Border Weekly Best of the Web 2015-8-28

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.

This week we begin with a piece providing an infographic on stock market reaction to recent stock market losses, then move on to an interesting piece reviewing the impact of taxes on Canadian household expenses, and finish with a blog piece reviewing new guidance from the Social Security Administration on card issuance requirements.

The Stock Market Loses 5 Percent In a Week: What Happens Next (www.nytimes.com) – United States stock markets lost more than 5 percent last week, and 4 percent more on Monday, finally reacting after a summer in which negative financial news seemed to arrive from all corners of the globe. China’s stock market has tumbled badly and oil prices are reaching lows not seen since the financial crisis, unnerving investors worldwide. Here is what happened the last five times the S&P 500-stock index lost 5 percent in a week…

Canadian families spend more on taxes than food, shelter (http://www.theglobeandmail.com/) – The average Canadian family now spends more money on taxes than on food, clothing and shelter, according to a report by the Fraser Institute. “With growth in the total tax bill outpacing the cost of basic necessities, taxes now eat up more family income, so families have less money available to spend, save or pay down household debt,” said Charles Lammam, director of fiscal studies at the Fraser Institute, in a statement…

New Social Security Card Application Requisites Raise Eyebrows (http://www.laboremploymentperspectives.com/) – On August 10, 2015, the Social Security Administration (SSA) adopted a final rule that, as of September 9, 2015, eliminates the requirement that applicants seeking to obtain a new or replacement Social Security number card submit “documentary evidence.” The Social Security number (SSN) is issued on a Social Security Card and consists of a nine-digit number issued to U.S. citizens, permanent residents, and temporary (working) foreign national residents. The number is issued by the SSA, an independent agency of the United States government…

Come back next week for more interesting news and articles. Enjoy your weekend!

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