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Americans split on Social Security reform as 2032 insolvency looms

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Americans split on Social Security reform as 2032 insolvency looms

Social Security is projected to become insolvent in 2032 and trigger automatic benefit cuts according to the most recent estimates, and Americans are split on the best way to reform the entitlement program to secure its future, a new nonprobability-based poll finds.

The Ronald Reagan Institute’s Reagan National Economic Survey, reviewed exclusively by FOX Business, asked voters how they think Social Security’s shortfall should be closed to prevent benefits from being cut when the program is no longer to pay out full benefits in 2032.

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“Americans fall into two different camps: those who want to do something about it and those who want to push this off to the next generation,” Dan Rothschild, director of the Center for Civics, Education, and Opportunity at the Reagan Institute, told FOX Business in an interview.

The survey asked registered voters about three specific policy options that could improve Social Security’s fiscal outlook – raising taxes on workers, reducing benefits and raising the retirement age – each of which encountered opposition.

SOCIAL SECURITY’S MAIN TRUST FUND FACES DEPLETION IN 2032, TRIGGERING BENEFIT CUTS

Social Security

Social Security is projected to face insolvency in 2032, according to recent projections. (iStock)

Payroll taxes on current workers and their employers are the primary way funding is provided for Social Security, but the prospect of higher taxes was opposed by 80% of voters, with similar findings across party-lines and age groups.

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Reducing Social Security benefits faced even stronger opposition among registered voters, with 90% opposed, according to the poll. Notably, the youngest age cohort had the most support for benefit cuts, with 22% of 18-to-29-year-olds in favor, compared to 78% in opposition.

Borrowing money and adding to the national debt also faced broad opposition, with just 24% of voters in favor and 76% opposed.

LARRY FINK CALLS FOR SOCIAL SECURITY REFORM, SAYS INVESTING A PORTION OF FUNDS COULD STRENGTHEN THE PROGRAM

Woman with walker heads into Houston Social Security office

Social Security reforms could include higher taxes, lower benefits, or a mixture of the two with other changes to the entitlement program. (Mark Felix/The Washington Post)

Raising the retirement age was viewed as a slightly more favorable reform option, with 26% support to 74% opposition among registered voters. 

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There was a modest partisan split, with 31% of Republicans and 25% of Independents in favor, compared with 21% of Democrats. Additionally, the youngest and oldest age cohorts were the most supportive of a higher retirement age, with 30% of 18-29-year-olds and 33% of those 65 and up in favor.

NEW PROPOSAL WOULD CAP SOCIAL SECURITY BENEFITS AT $100K FOR WEALTHY COUPLES

When asked to choose between increasing taxes by $1,500 per year; cutting benefits to existing retirees by $5,000 per year; and cutting benefits to retirees with a net worth over $1 million, including the value of their homes, by $15,000 per year. 

Respondents were in favor of the latter option with 71% in favor. That’s compared with 20% in favor of the tax increase and 9% supporting the benefit cuts.

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Social Security Administration

If Social Security’s main trust fund is depleted, federal law requires benefits be cut to match incoming payroll tax revenue. (Jeffrey Greenberg/Education Images/Universal Images Group via Getty Images)

AMERICANS OPTIMISTIC ABOUT INNOVATION ADDRESSING MAJOR CHALLENGES, SURVEY FINDS

Medicare is also facing insolvency in 2033, and the poll found 43% of voters favored raising taxes on workers by about $2,400 per year, compared with 33% who favored hiking premiums on Medicare beneficiaries by $1,000 per year and the 24% who supported reducing the services covered by Medicare to lower costs.

“A really significant number of people did not want to make any changes at all. That was driven by a large degree by the perception that Social Security and Medicare have had a effectively mythical trust fund raided, that the money has been spent somewhere else, that this is the result of waste, fraud and abuse – not that it’s a problem inherent to a pay-go-system like this,” Rothschild said.

“I see a massive gap between the way that Americans understand the way that entitlement programs are funded and the way that entitlement programs are actually funded,” he added.

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New Zealand forecasts narrower budget deficit for 2025/26

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New Zealand forecasts narrower budget deficit for 2025/26


New Zealand forecasts narrower budget deficit for 2025/26

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Diamond Hill Securitized Total Return Fund Q1 2026 Commentary (DHWIX)

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Diamond Hill Securitized Total Return Fund Q1 2026 Commentary (DHWIX)

Diamond Hill Capital Management, Inc. is a wholly owned subsidiary of Diamond Hill Investment Group, Inc. Diamond Hill Investment Group is a publicly traded company, and its shares trade on the NASDAQ (Ticker: DHIL). Note: This account is not managed or monitored by Diamond Hill Capital Management, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Diamond Hill Capital Management’s official channels.

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Labor hails controversial tax overhaul as 'for workers'

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Labor hails controversial tax overhaul as 'for workers'

Treasurer Jim Chalmers introduced the landmark bill to parliament that includes changes to capital gains tax and negative gearing, as well as a $250-a-year rebate for workers.

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3M sued for $2 billion over PFAS chemicals

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3M sued for $2 billion over PFAS chemicals

The federal government is suing global industrial science company 3M for $2 billion over the costs of past and ongoing damage to defence sites, including RAAF Pearce, caused by PFAS chemicals.

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Stock Market Holiday 2026: Are NSE, BSE closed today for Bakri Id? Check market closing dates list

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Stock Market Holiday 2026: Are NSE, BSE closed today for Bakri Id? Check market closing dates list
The Indian stock market will remain shut on May 28 as both the National Stock Exchange of India and BSE Limited observe a trading holiday on account of Bakri Id. Earlier this month, exchanges were also closed on May 1 for Maharashtra Day.

A total of 16 stock market holidays have been scheduled for 2026, out of which eight have already passed. After the Bakri Id holiday, trading will remain suspended on seven more occasions over the remaining nine months of the year.

Following today’s closure, the next market holiday will fall on Friday, June 26, for Muharram. In the second half of the year, markets will also remain closed on September 14 for Ganesh Chaturthi, October 2 for Gandhi Jayanti, October 20 for Dussehra, November 10 for Diwali Balipratipada, November 24 for Guru Nanak Jayanti and December 25 for Christmas, which will be the final market holiday of 2026.

Meanwhile, Multi Commodity Exchange of India will remain closed during the morning session on May 28 but will resume trading in the evening session. According to MCX’s annual trading calendar, the exchange has 16 trading holidays in 2026, with either partial or full-day closures.

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The National Commodity & Derivatives Exchange Limited will remain shut for both trading sessions on the same day.


In 2026, four key holidays fall on weekends and therefore will not lead to additional market closures. These include Mahashivratri on February 15 and Eid-Ul-Fitr on March 21, both of which have already passed, along with Independence Day on August 15 and Diwali Laxmi Pujan on November 8.
Diwali Laxmi Pujan will fall on a Sunday this year, though exchanges will conduct the customary Muhurat Trading session on November 8. The timings for the special one-hour session will be announced closer to the date. Independence Day, meanwhile, falls on a Saturday.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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South Korea holds rates, alert to inflation risks

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South Korea holds rates, alert to inflation risks


South Korea holds rates, alert to inflation risks

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Strategy Pauses Bitcoin Purchases to Shore Up Balance Sheet. The Stock Rises.

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Strategy Pauses Bitcoin Purchases to Shore Up Balance Sheet. The Stock Rises.

Strategy Pauses Bitcoin Purchases to Shore Up Balance Sheet. The Stock Rises.

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Top 10 Heavy Equipment Moving Companies in US

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Top 10 Heavy Equipment Moving Companies in US

Buying heavy machinery is the fun part. You find that perfect John Deere combine or Caterpillar excavator, negotiate the price, and close the deal. Then reality hits. You have a 40,000-pound piece of metal sitting in Kansas, and you need it in Oregon.

Moving heavy equipment is not like shipping a package. It involves permits, route surveys, specialized trailers, and strict safety regulations. If you choose the wrong partner, you risk damage to the machine, massive legal fines, or weeks of delay.

This guide breaks down the top 10 heavy equipment moving companies in the United States. It also explains how to calculate costs and navigate the complex world of logistics.

Criteria for Selecting Heavy Hauler

Before looking at the list, you must understand what makes a company good in this industry. Do not just look at the price tag. Cheap shipping often means cut corners.

  • Safety rating: Check their FMCSA (Federal Motor Carrier Safety Administration) score. You want a carrier with low accident rates.
  • Fleet diversity: Do they have Removable Gooseneck (RGN) trailers? Step decks? Multi-axle setups for super loads?
  • Insurance coverage: Standard cargo insurance might cover $100,000. If you are moving a $400,000 crane, you need a carrier that offers specific high-value coverage.
  • Permit handling: A professional company handles all state and county permits. You should never have to file paperwork yourself.

Best Heavy Equipment Movers in USA

Here is a look at ten of the most reliable companies operating across the country today.

1. Atlantic Project Cargo

An affiliate of Atlantic Express Corp. with over 20 years of experience, Atlantic Project Cargo is a powerhouse for both domestic and international heavy equipment logistics. Based in Florida, they stand out by offering a true one-stop-shop solution.

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They handle international transportation and extra services: equipment disassembly, export rigging, crating, and complex customs brokerage (including EPA, DOT, and USDA compliance). With a network of 11 North American warehouses, specialized drayage equipment, and over 1,000 global partners, they are uniquely equipped to manage standard heavy freight and massive oversized global projects.

  • Best for: International shipping, import/export logistics, and complete turnkey machinery relocation.
  • Key feature: Comprehensive end-to-end service, including in-house customs brokerage and equipment disassembly.

2. Anderson Trucking Service (ATS)

ATS is a giant in the industry. Based in Minnesota, they have been operating since 1955. They are excellent for general heavy haul. If you have a standard excavator or tractor, ATS has the capacity. They have over 2,500 tractors and virtually every trailer type imaginable.

  • Best for: General construction and agricultural equipment.
  • Key feature: Massive network means shorter wait times for a truck.

3. Bennett Motor Express

Bennett is known for handling complex logistics. They do a lot of government and aerospace work, which means their attention to detail is extremely high. If you are moving sensitive or extremely high-value machinery, Bennett is a top choice.

  • Best for: High-value, sensitive, or government-related heavy haul.
  • Key feature: specialized super load teams.

4. Landstar

Landstar operates differently. They use a network of independent owner-operators. This gives them massive reach. You can find a Landstar truck in almost every corner of the US. However, because they use independent drivers, service quality can vary slightly from driver to driver.

  • Best for: Flexible scheduling and reach in remote areas.
  • Key feature: One of the largest available fleets in North America.

5. Lone Star Transportation

Specializing in the oilfield and construction sectors, Lone Star knows how to handle wide and long loads. They are particularly strong in the Southern and Central US. They have specialized trailers for wind energy components, which translates well to large farm silos or industrial parts.

  • Best for: Very long or wide loads (wind blades, pipes, large combines).
  • Key feature: Drivers are highly trained in securing irregular loads.

6. Keen Transport

Keen is a favorite for yellow iron. They have a long history of working directly with manufacturers like Caterpillar. They understand construction machinery intimately—how to dismantle it for transport and how to reassemble it. They also offer storage and painting services.

  • Best for: Construction and earthmoving equipment.
  • Key feature: Deep expertise in heavy machinery disassembly.

7. Barnhart Crane & Rigging

Barnhart is the go-to for the impossible moves. We are talking about moving entire bridges or massive industrial generators. If your equipment is too heavy for a standard highway, Barnhart uses hydraulic gantries, slide systems, and barge transport.

  • Best for: Super heavy loads exceeding standard highway limits.
  • Key feature: Innovative engineering for complex rigging.

8. Mammoet

Mammoet is a global heavy lifting powerhouse with a strong US presence. They focus on petrochemical and mining industries. If you bought a massive mining dump truck or a crane component, Mammoet has the modular transporters (SPMTs) to move it.

  • Best for: Mining and industrial mega-projects.
  • Key feature: Global logistics capability.

9. Daily Express

Do not let the name fool you; they don’t deliver mail. Daily Express has been hauling heavy loads since 1931. They are a solid, mid-sized carrier that focuses heavily on safety and compliance. They are often more approachable for mid-sized business owners than the massive conglomerates.

  • Best for: Agricultural machinery and mid-sized construction gear.
  • Key feature: personalized customer service.

10. Guy M. Turner

Based in the Southeast, this company offers a mix of crane service, rigging, and transportation. This is useful if you are buying a machine that is not drivable. They can bring the crane to load it and the truck to haul it.

  • Best for: Turnkey solutions (Loading + Hauling).
  • Key feature: Integrated crane and rigging division.

Calculating Shipping Costs

Pricing in heavy haul is not a flat rate. It is a calculation based on difficulty. Here is how you can estimate your budget.

Core Cost Factors

  1. Dimensions (LxWxH): Legal width in most US states is 8.5 feet (2.6 meters). Anything wider requires a permit. Anything over 12 feet wide often requires pilot cars (escort vehicles).
  2. Weight: Legal gross weight is usually 80,000 lbs (truck + trailer + cargo). If your machine pushes the total over this, you need overweight permits and more axles.
  3. Distance: Longer trips have a lower cost-per-mile, but a higher total cost.

Cost Estimation Table

Load Type

Description Est. Cost Per Mile Extra Fees
Legal Load Fits on flatbed, under 8.5ft wide $3.00 – $5.00 None
Oversize (Level 1) Up to 10ft wide $4.00 – $6.00 Permits ($50-$200 per state)
Oversize (Level 2) Over 12ft wide $6.00 – $10.00 Pilot Cars ($1.50/mile each)
Super Load Over 16ft wide or 150k lbs Custom Quote Police Escorts, Route Surveys

Real world example:

You buy a John Deere S770 Combine in Illinois and ship it to Texas (approx. 1,000 miles).

  • Machine: Wide load (requires permits).
  • Base Rate: $5.00/mile x 1,000 = $5,000.
  • Permits: IL, MO, AR, TX = ~$400.
  • Fuel Surcharge: ~20% = $1,000.
  • Total Est: $6,400.

Note: Fuel prices fluctuate weekly, drastically affecting these numbers.

Navigating Regulations and Permits

This is where DIY shipping usually fails. Every state in the US has different rules.

Pilot Car Requirements

If your bulldozer has a blade that makes it 12.5 feet wide, some states require one escort vehicle behind you. Other states require one in front and one behind on two-lane roads.

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Running Times

You cannot move heavy equipment whenever you want.

  • Curfews: Most major cities (like Houston, Chicago, Atlanta) prohibit oversize travel during rush hour (e.g., 7:00 AM – 9:00 AM and 4:00 PM – 6:00 PM).
  • Weekends: Many states prohibit oversize hauling on Sundays or holidays.
  • Night travel: Generally forbidden for oversize loads unless you have special lighting and police escorts.

Route Surveys

For very tall loads (over 14.5 feet), you must pay for a pole car to drive the route beforehand. They use a physical pole to ensure you will not tear down power lines or hit bridges.

Common Trailer Types You Will Need

When booking a transport, you need to know what trailer to ask for.

  • Flatbed: Good for small tractors, attachments, and parts. High deck height (approx. 5ft).
  • Step Deck (Drop Deck): The deck drops down to allow for taller equipment. Good for backhoes and medium tractors.
  • RGN (Removable Gooseneck): The front detaches and the trailer lays flat on the ground. You drive the equipment directly onto it. Essential for excavators, combines, and pavers.
  • Lowboy: Similar to RGN, designed for very heavy, tall loads to keep the center of gravity low.

Why Logistics Can Kill a Deal

You found a great price on a tractor. But if you have to arrange the trucking, buy the insurance, coordinate the wire transfer, and hire a third-party inspector, the deal becomes a headache.

Risks of managing it yourself:

  1. Detention fees: If the seller isn’t ready when the truck arrives, the trucking company charges you ~$100 per hour for waiting.
  2. Wrong trailer: You order a Step Deck, but the machine is 6 inches too tall. The driver refuses the load. You pay a Truck Ordered Not Used (TONU) fee.
  3. Damage disputes: The machine arrives with a cracked windshield. The trucker says it was like that. The seller says it wasn’t. You are stuck in the middle.

Shift Toward Integrated Logistics Platforms

The companies listed above excel at moving heavy freight, but transportation is ultimately just one piece of the puzzle. Historically, buyers have had to manage equipment purchases, seller verification, and pickup coordination as entirely separate, time-consuming tasks.

Today, the heavy equipment market is shifting toward integrated ecosystems that consolidate these steps. Platforms like JumboBee illustrate this trend by embedding logistics into the purchasing process. This approach removes the friction of sourcing quotes from multiple independent trucking companies and aligns the transaction from start to finish.

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Key advantages of modern equipment platforms:

  • Instant logistics: Shipping estimates are provided directly on equipment listings, revealing the total landed cost (machine plus shipping) before a purchase is made.
  • Verified networks: Built-in seller screening reduces the risk of dispatching trucks to unverified or incorrect locations.
  • End-to-end service: Integrated platforms often coordinate the broader logistics, including disassembly, loading, customs clearance, and final delivery.
  • Streamlined transactions: Equipment and transportation costs are consolidated into a single, secure payment.

Navigating brokers, permits, and wire transfers independently carries inherent risks and potential delays. Utilizing an integrated marketplace offers a more seamless, secure approach to acquiring and transporting heavy machinery.

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iPhone 18 Pro Max Rumors Point to Major Camera, Chip and Design Upgrades for September 2026 Launch

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Apple's Foldable iPhone

NEW YORK — Apple’s iPhone 18 Pro Max is shaping up to be one of the most significant upgrades in recent years, with rumors pointing to a 2-nanometer A20 Pro chip, the first variable aperture camera system on an iPhone, a slimmer Dynamic Island and a striking new Dark Cherry color option ahead of its expected September 2026 debut.

The latest leaks and supply chain reports suggest Apple is preparing substantial enhancements for its flagship Pro models while introducing a new release strategy. The iPhone 18 Pro and Pro Max, along with a rumored foldable iPhone Ultra, are expected to launch together in fall 2026, while standard models may be delayed until spring 2027.

Industry analysts view the iPhone 18 series as a pivotal moment for Apple as it intensifies focus on artificial intelligence features and camera innovation to maintain its premium positioning in a competitive smartphone market.

Design and Display Changes

The iPhone 18 Pro Max is expected to retain the core design language of its predecessor but with notable refinements. Dummy units and CAD renders indicate a slightly thicker camera bump to accommodate advanced optics, with individual lenses growing marginally larger. The overall device may weigh around 10 grams more than the iPhone 17 Pro Max, potentially due to a larger battery and enhanced camera hardware.

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A key visual change involves the Dynamic Island, which is rumored to shrink by approximately 25 percent. This reduction could create a cleaner front display appearance while maintaining functionality for notifications and system controls. The front camera and Face ID sensors may also see repositioning or under-display integration in future iterations.

Color options are generating excitement, with “Dark Cherry” (Pantone 6076) emerging as a leading candidate for the Pro models. Other rumored shades include Sky Blue and updated classics, moving away from some previous finishes.

Camera Breakthroughs

One of the most anticipated upgrades is a variable aperture main camera, giving users manual-like control over depth of field and light intake — a first for iPhone. This mechanical iris system could significantly improve portrait photography and low-light performance. The rear camera array is also expected to feature larger sensors and refined glass elements.

These camera advancements align with Apple’s push to differentiate its Pro lineup through professional-grade imaging capabilities, potentially appealing to content creators and photography enthusiasts.

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Performance and Battery Upgrades

The iPhone 18 Pro Max is rumored to feature Apple’s A20 Pro chip, built on TSMC’s cutting-edge 2-nanometer process. This node promises around 15 percent better performance and up to 30 percent improved power efficiency compared to the previous generation. Rumors also suggest up to 12GB of RAM to support more advanced on-device AI processing.

Battery life is another focus, with the Pro Max potentially reaching 5,100 to 5,200 mAh capacity. Combined with more efficient LTPO+ display technology, this could deliver noticeably longer usage times. An in-house C2 modem replacing Qualcomm components is also expected, with enhanced satellite connectivity features.

Release Strategy and Pricing

Apple appears to be adjusting its traditional launch cadence. The Pro models and foldable are slated for September 2026, while base iPhone 18 variants may arrive in spring 2027. This staggered approach could encourage more consumers to consider premium options during the fall event.

Pricing details remain limited, but early indications suggest the Pro models may hold steady or see only modest increases, maintaining accessibility within Apple’s high-end segment. The rumored iPhone Ultra foldable could start above $2,000, creating a new tier in the lineup.

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Market Context and Consumer Impact

The iPhone 18 series arrives as Apple intensifies competition in AI-powered smartphones. Features like improved Siri, on-device image generation and smarter photo editing are expected to leverage the more powerful hardware.

Global supply chain reports indicate Apple is working closely with partners to ensure component availability for these ambitious upgrades. The 2nm process represents a significant manufacturing leap that could influence the broader semiconductor industry.

For consumers, the iPhone 18 Pro Max rumors suggest meaningful improvements in photography, battery life and everyday performance. While design changes appear evolutionary rather than revolutionary, the internal upgrades could justify upgrades for users seeking the latest technology.

As development continues, more concrete details are likely to emerge in the coming months, particularly around WWDC 2026, where software previews often hint at hardware capabilities. Until official confirmation, these reports should be viewed as speculative but grounded in multiple supply chain and analyst sources.

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The iPhone 18 Pro Max is positioned to reinforce Apple’s leadership in premium smartphones while addressing user demands for better cameras, efficiency and intelligent features. With its expected September 2026 launch, anticipation is building for what could be one of Apple’s most capable Pro models to date.

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Form 13D/A LiqTech International For: 27 May

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Form 13D/A LiqTech International For: 27 May

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