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04 May 2011

FedSmith.com: TSP Funds Up (Along With Gas and Gold) While the Dollar Declines

FedSmith.com Logo - click to go to FedSmith.com home page May 4, 2011
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Daily Headlines for May 4, 2011

Outside the Protection of the Civil Service Reform Act
A federal district court recently refused to dismiss a "Bivens" tort claim brought by a high-level Library of Congress employee against an agency manager. The effect of this ruling is that the Library manager must defend himself against an action that was brought against him personally.
Posted: 5/3
RELATED HEADLINES:

TSP Funds Up (Along With Gas and Gold) While the Dollar Declines
TSP funds were all up in April and the leading stock market indices are now up for eight months in a row. Why is gas going up, the value of gold going up, and the official inflation rate staying low? What are TSP investors doing with their money during this period of uncertainty?
Posted: 5/4
RELATED HEADLINES:

1.6 Percent Pay Raise For Troops In House Defense Budget Proposal
Military service members would receive a 1.6 percent pay raise in January and Tricare fees for veterans would be held steady under a defense budget plan released by House lawmakers on Tuesday.
Posted: 5/3

Details on Bin Laden Photos
A senior US official says the White House received 3 sets of photos yesterday.
Posted: 5/3
RELATED HEADLINES:

Many Federal Employees Assisted in Finding, Killing Bin Laden
OPM director John Berry says that thousands of civilian employees played a part in collecting and analyzing the intelligence that led to Sunday's mission in Pakistan.
Posted: 5/4

Where to Live to Avoid a Natural Disaster
Thinking of relocating or moving to a retirement spot? You may want to take a look at this map that compiles the best and worst places in the United States with respect to natural disasters.
Posted: 5/3

What Bin Laden Cost the US in the Last Decade
In the decade between Sept. 11, 2001, and the death of Osama bin Laden on Sunday, the U.S. government has spent hundreds of billions of dollars with the aim of making Americans safer. Agencies were created, expanded or given new missions. The government hired thousands of new employees to analyze intelligence, track terror financing and support the nation's rapidly expanding national security apparatus.
Posted: 5/3

Changing Story of Bid Laden Kill
"I don't imagine that many Americans will care whether bin Laden was armed or not when he resisted the individual who confronted him in Abbottabad....But the 'narrative' of his death remains of significance to those who might seek to follow in his foot-steps. That's why its worth looking at these early reports with a skeptical eye."
Posted: 5/4

Problems at VA Hospitals Continue
More than two years after thousands of veterans were put at risk of disease from improperly cleaned medical equipment, federal inspectors said Tuesday that weaknesses still exist in Veterans Affairs' policies for cleaning the equipment, posing "potential safety risks to veterans."
Posted: 5/3
RELATED HEADLINES:

Dealing With Our Worst Employees: Four Simple Suggestions
Almost everyone outside of labor union activists wants to make removing governments worst employees easier or less complicated. Such was the intent of the last major civil service reform more than 30 years ago. It failed. Here's why.
Posted: 5/3
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Bin Laden Killing Shows Off Agency Cooperation
The intelligence community that was accused of failing to connect the dots before the 9/11 attacks in 2001 was lauded Monday for finding and finishing off its No. 1 target with pinpoint accuracy.
Posted: 5/3

Private White House Tweets, Emails, Facebook Posts Targeted
House Oversight and Government Reform Committee Chairman Darrell Issa (R-Calif.) stressed Tuesday that he remains concerned that White House officials personal emails, text messages, Facebook posts and tweets are not being archived in the spirit of federal law.
Posted: 5/3

Cabinet Officials Denounce 'Cheap Shots' On Federal Workers' Pay, Veterans
Three Obama cabinet secretaries and the president's chief personnel officer on Tuesday denounced what they called political attacks on federal workers at an event held to boost worker morale.
Posted: 5/3

TSA Officers React Quickly to Tornado at St. Louis Airport
Imagine a 200 MPH tornado busting through your workplace. That's exactly what happened last week to many TSA officers and airline employees in St. Louis.
Posted: 5/3
RELATED HEADLINES:

Previous Articles on FedSmith.com

FedSmith.com Readers Strongly Disapprove of Current Government
What do readers think about the performance of Congress and the president so far? Perhaps, in part, reflecting concern about proposals to reduce federal employee benefits and a pay freeze, the ratings are very low.

Bill Proposed to Guarantee Retroactive Pay for Furloughed Federal Employees
Rep Jim Moran (D-VA) has introduced legislation that would guarantee retroactive pay for federal employees who are furloughed in the event of a government shutdown.

SSA and Your "Quick and Dirty" Estimate of the FERS Annuity Supplement
The SSA has announced it is suspending the annual mailing of benefit statements for those who will qualify for a Social Security benefit. SSA will try to have the statements available online at their website by the end of this year. What does this mean for the “quick-and-dirty” estimates of the FERS annuity supplement?

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The FedSmith.com FREE daily email newsletter is sent each business day with a snapshot of the latest news headlines. We also send occasional updates during the day for breaking news or special events. Be sure to check our site throughout the day as we continually post new stories.

Daily TSP Rates

For May 3, 2011
  Close Change YTD
G $13.6225 +0.0011 +1%
F $14.5016 +0.0186 +1.91%
C $16.4991 -0.0560 +8.49%
S $23.1855 -0.2672 +9.14%
I $21.9545 -0.1512 +9.72%
L 2050 $10.6217 -0.0572 0%
L 2040 $19.1407 -0.0900 +7.49%
L 2030 $18.5509 -0.0744 +6.67%
L 2020 $17.8968 -0.0563 +5.63%
L Income $15.0657 -0.0144 +2.65%

More TSP Rates and Info are available at the TSP Corner

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