Nearly 10 million adult children are caring for aging parents today, according to a study by the MetLife Mature Market Institute. But, while aging is inevitable, planning for the costs associated with dependency in the latter phase of life doesn't come easily to most Americans.
The retrial of baseball great Roger Clemens began in earnest Monday after a week of jury selection. Prosecutor Steven Durham in his opening statement to the jury said Clemens, unlike other baseball greats who owned up to their mistakes, told lies and "other lies to cover up those lies."
American Airlines is asking a judge to revamp its labor contracts. The company says it needs to drastically reduce costs to exit bankruptcy and remain competitive. The airline's unions, on the other hand, are hoping to push a merger with US Airways that may save their labor pacts.
Anyone in America with an Internet connection can know how much presidential candidates are raising and spending within minutes of each filing deadline. Ditto for House members. But the U.S. Senate still goes old school, with mailed-in paperwork, typewriters and a reading room with a photocopier.
The release of the Social Security and Medicare reports became an opportunity for Treasury Secretary Geithner to send voters the message that Obama administration was a staunch defender of the nation's most popular entitlements even though it accepted the need for gradual changes to make the programs more sustainable.
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