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Musk claims Social Security database lists improbable ages

Elon Musk claims millions listed as over 100 in Social Security database raises questions about potential fraud and inefficiencies.

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Elon Musk claims millions listed as over 100 in Social Security database raises questions about potential fraud and inefficiencies.

In Short

Elon Musk questions the accuracy of the Social Security database, alleging millions are wrongly recorded as over 100 years old. He highlights inconsistencies and suggests the system may be the largest fraud in history while Democrats protest outside the agency.

In a recent post on X, Musk highlighted that the database includes individuals with ages listed as high as 360. He shared a chart illustrating that over 20 million entries are for those aged 100 and above, despite the U.S. Census Bureau reporting just over 80,000 individuals in this age group based on the 2020 census.

Democratic lawmakers recently protested outside the Social Security Administration, expressing concerns over potential spending investigations involving DOGE. Musk’s comments on the age discrepancies have added to the controversy, as he jokingly suggested the existence of vampires collecting benefits.

Musk also noted significant inconsistencies in payment files between the Social Security Administration and the Treasury, characterising the system as chaotic and difficult to understand. He emphasised that there appear to be more eligible Social Security numbers than there are US citizens, calling it potentially the largest fraud in history.

These remarks come as President Donald Trump has appointed Musk to lead the Department of Government Efficiency, aimed at identifying waste and fraud within federal agencies.

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Fed rate cut fallout shakes global markets

US Federal Reserve’s rate cut unsettles investors, igniting debate on easing cycle versus one-off move.

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US Federal Reserve’s rate cut unsettles investors, igniting debate on easing cycle versus one-off move.


The US Federal Reserve’s latest quarter-point rate cut has unsettled investors worldwide, sparking debate over whether it signals the start of an easing cycle or a one-off move.

#FederalReserve #Markets #InterestRates #Australia #TickerNews


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Aussie jobs market shows signs of strain

Australia’s job market shows decline with 5,400 cuts in August; unemployment steady at 4.2% despite easing migration.

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Australia’s job market shows decline with 5,400 cuts in August; unemployment steady at 4.2% despite easing migration.


Australia’s labour market is losing momentum, with 5,400 jobs cut in August and participation falling, even as unemployment held steady at 4.2%.

Employment growth has slowed sharply, migration is easing, and the Aussie dollar has dropped after touching an 11-month high.

#Australia #Jobs #FederalReserve #InterestRates #Markets #TickerNews


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Trump threatens TV networks over licences

Trump escalates feud with networks post-Kimmel suspension, threatening license revocations amid claims of bias against him.

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Trump escalates feud with networks post-Kimmel suspension, threatening license revocations amid claims of bias against him.


President Donald Trump has escalated his feud with television networks after ABC suspended Jimmy Kimmel’s late-night show.

Trump suggested broadcasters that he claims are “against him” could face licence revocations.

He argued that networks were “97 percent against me” during the 2024 election and praised FCC Chairman Brendan Carr as “outstanding.”

#Trump #Media #FCC #JimmyKimmel #TickerNews


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