(Information on college financial aid and growing Social Security concerns have been added to the Hot Trends article.)
NEW YORK (
) -- "Social security" is a trending topic today following growing doubts that reform will save the program. Recent reports are claiming that social security reform will cut the rate of growth in benefits.
Read More: 7 Ways to Make Social Security Solvent
On August 14, the 75th anniversary of Social Security, President Obama issued a release in which he promised not to focus on privatizing the program.
"The new health care law, the Affordable Care Act, helps sustain this commitment and improves the long-term outlook of the Social Security program," Obama said. "My Administration is dedicated to safeguarding Social Security's promise of retirement with dignity and security."
"College financial aid" and "student loans" are popular
search topics today as students prepare to head off to college. Debt is a looming issue for most college graduates, and with the rising price of education, college debt is becoming almost inevitable.
Most students opt to take out loans in the form of
, which is offered through the U.S. Department of Education. Through Title IV of the Higher Education Act, eligible individuals can receive federally funded financial assistance for education beyond high school.
The annual price for undergraduate tuition, room, and board at public institutions rose 30% between 1998 and 2008, and are now estimated to be $11,578. The price at private institutions rose 23% to an estimated $29,915.
According to the National Center of Education Statistics, more than 65% of undergraduate students graduated with debt in 2008, and the average student loan debt was $23,186. Recent data also shows that at the end of June this year, Americans owed $829.78 billion in student loan debt.
"Paula Abdul" is a hot search topic today following news that auditions for her new dance competition show will begin at the end of September of this year.
won't be working with
Fox network this season. Her new show will be modeled after the British series
Got to Dance
and will debut on
in the middle of next season.
"You can be of any age, from like five or six to 105 or 6," Abdul reportedly told
before the 2010 Emmy Awards on Sunday.
Those interested in competing on the show can upload audition videos at
"Xbox Live" is a trending topic on the Internet today following reports that
Xbox Live gold subscription prices are on their way up.
Larry Hryb, the Xbox Live director of programming often referred to as Major Nelson, posted the
price changes to his blog
The yearly membership for premium online service will see a $10 increase to $60 from $50 starting on November 1. The rate for three month subscriptions will go to $25 from $20 and monthly subscription rates will rise to $10 from $8.
are hot search topics today following the news that
rejected the generic drug maker's proposed $18.5 billion takeover.
"The Genzyme board is now in receipt of your second unsolicited letter proposing to acquire the company for $69 per share in cash," the board said in a press release.
Genzyme said the proposal doesn't recognize its significant progress in rectifying its manufacturing challenges and the potential for its new-product pipeline.
The chatter on Main Street (a.k.a. Google) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on Google, and highlights the news that could make stocks move.
-- Written by Theresa McCabe in Boston.
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