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☆ High inflation harms older households — and two factors determine who is most at risk, research finds
▼ + stars: | 2024-05-15 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

This year, Social Security beneficiaries saw a 3.2% increase to their benefits. The Social Security cost-of-living adjustment may also be 3.2% in 2025 based on the latest government inflation data, estimates Mary Johnson, an independent Social Security and Medicare policy analyst. That estimate may change between now and October, when the Social Security Administration announces next year's cost-of-living adjustment, or COLA. The average Social Security COLA has been 2.6% over the past 20 years, according to The Senior Citizens League. Many households tend to cut back on savings and increase withdrawals to try to lift themselves to where they were before inflation picked up.

Persons: Lourdes Balduque, Mary Johnson, Social Security COLA, Laura Quinby, It's, Quinby, Warren Buffett's Organizations: Social, Social Security, Social Security Administration, Senior Citizens League, Center for Retirement Research, Boston College, Center for Retirement, Finance

☆ How our memories of food remind us of our history through scent and taste
▼ + stars: | 2024-04-30 | by ( Leah Asmelash | ) edition.cnn.com time to read: +13 min

The essay — one of 40 in her new book, “Bite by Bite” — isn’t just about her son, or vanilla. Each chapter of “Bite by Bite” focuses on a food — everything from apples to butter to the Filipino dessert halo-halo. But food is one big connector, so I really wanted to focus in on that. Menahem Kahana/AFP/Getty ImagesI really wanted to kind of celebrate, again what nourishes us, what brings us together. I used to be so creative, and I don’t know what to do.

Persons: Aimee Nezhukumatathil, Nezhukumatathil, Edmond Albios, Nezhukumatathil’s, It’s, it’s, ”, —, “, ” Nezhukumatathil, deliciousness doesn’t, Nezhukumatathil doesn’t, There’s, Menahem Kahana, there’s, That’s, ’, we’re, ‘ I’m Organizations: CNN, Getty Locations: Spain, Philippines, Portugal, India, American, New York, Concord, AFP, New York City, San Antonio

☆ Social Security isn’t keeping up with inflation. That could weaken Biden’s support among some seniors
▼ + stars: | 2024-04-28 | by ( Tami Luhby | ) edition.cnn.com time to read: +5 min

CNN —Not long ago, senior citizens got the two biggest annual increases in their monthly Social Security checks that most had ever seen. While inflation has afflicted Americans of every age, senior citizens are often in a more difficult predicament because many live off fixed incomes. Many depend heavily on Social Security – some 42% of elderly women and 37% of elderly men rely on the monthly payments for at least half their income, according to the Social Security Administration. They aren’t wrong: Inflation has eaten away at 36% of Social Security benefits’ buying power since 2000, according to an analysis last year from The Senior Citizens League. The president needs these senior voters since polls also show his support among younger Americans has eroded since 2020.

Persons: Joe Biden, Donald Trump, Biden, Shannon Benton, “, ”, Mary Johnson, Johnson, –, Trump, they’ve, Marty Cohen Organizations: CNN, Social Security, Senior Citizens League, Social Security Administration, Biden, James Madison University Locations: Pennsylvania, Arizona , Michigan, Wisconsin

☆ Biden administration points finger at Republicans for internet bill hikes
▼ + stars: | 2024-04-02 | by ( Brian Fung | ) edition.cnn.com time to read: +5 min

“President [Joe] Biden has been calling on Congress to pass legislation that would extend the benefit through 2024. “But unfortunately, Republicans in Congress have failed to act.”Biden has called on Congress to approve $6 billion to continue the ACP. A bill introduced in January by a bipartisan group of lawmakers in the House and Senate would authorize $7 billion. That legislation has 216 co-sponsors in the House, including 21 Republicans, and three in the Senate, including two Republicans. Administration officials declined to say whether Biden or Vice President Kamala Harris have personally discussed the ACP with congressional Republicans.

Persons: Biden, Joe, ”, ” Biden, Mike Johnson, Blair Levin, ” Levin, Republican Sens, J.D, Vance of Ohio, Kevin Cramer of North, Spokespeople, Johnson, Chuck Schumer didn’t, Kamala Harris, Jessica Rosenworcel, ” Rosenworcel, Rosenworcel, Sen, Maria Cantwell Organizations: CNN, Republicans, Program, Federal Communications Commission, GOP, Democratic, Congress, Republican, New, Research, Administration, ACP, Commerce, Science, Transportation Locations: Kevin Cramer of North Dakota

☆ Morgan Stanley sees upside for these senior housing stocks as the U.S. population ages
▼ + stars: | 2024-03-25 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Americans are getting grayer — and that could be a windfall for senior housing. Both own senior housing properties. In addition, there is a rising need for senior care. "This population of seniors that may need higher quality services and care is significantly greater than the ~3.0% of seniors that are currently living in senior housing facilities," the firm's analysts said. American Healthcare should see the greatest operating upside from senior housing facilities, they said.

Persons: grayer, Morgan Stanley, Sarah Wolfe, Welltower Organizations: Healthcare, National Center for Health Statistics

☆ Here's why Social Security cost-of-living adjustments may be smaller in 2025 and beyond
▼ + stars: | 2024-03-15 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

Peopleimages | Istock | Getty ImagesEarly estimates for the 2025 Social Security COLANew government data points to a 2.4% Social Security cost-of-living adjustment for 2025, The Senior Citizens League estimates, based on new government inflation data released this week. The Social Security Administration typically announces the cost-of-living adjustment for the following year in October. In the meantime, experts say there are steps retirees can take to help compensate for the prospect of lower benefit increases. Annuities, which provide fixed income in retirement in exchange for a lump-sum investment, can be one way to supplement a retiree's income, LaVigne said. Consult with a financial advisorBefore purchasing an annuity or other retirement income strategy, it helps to consult with a professional.

Persons: " Johnson, Johnson, Lisa Featherngill, Featherngill, Kelly LaVigne, You've, LaVigne Organizations: Istock, Getty, Security COLA, Social Security, Senior Citizens League, Urban, Clerical Workers, CPI, Comerica Wealth Management, Social, Allianz Life Locations: Winston, Salem , North Carolina

☆ Voyager 1 responds to ‘poke’ sent by NASA engineers
▼ + stars: | 2024-03-14 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

A new signal recently received from the spacecraft suggests that the NASA mission team may be making progress in its quest to understand what Voyager 1 is experiencing. Voyager 1’s flight data system collects information from the spacecraft’s science instruments and bundles it with engineering data that reflects the current health status of Voyager 1. But since November, Voyager 1’s flight data system has been stuck in a loop. On March 3, the team noticed that activity from one part of the flight data system stood out from the rest of the garbled data. The decoded signal included a readout of the entire flight data system’s memory, according to an update NASA shared.

Persons: ”, Suzanne Dodd Organizations: CNN — Engineers, NASA, Voyager, Network, CNN

☆ Trump vs. Biden: Where 2024 presidential candidates stand on Social Security, Medicare
▼ + stars: | 2024-03-11 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

It's not the first time Trump has suggested cuts to Social Security. However, such a policy would reduce the tax income Social Security and Medicare rely on. In recent interviews, Trump has mostly rejected the idea of changing Social Security. How Biden aims to strengthen Social SecurityDuring the State of the Union on Thursday, President Biden promised to protect both Social Security and Medicare from cuts. Biden calls for improving Social Security benefits, as well as Supplemental Security Income benefits, for seniors and people with disabilities, particularly those with low incomes.

Persons: Donald Trump, Joe Biden, Sen, Marco Rubio, Joe Raedle, Trump, Biden, It's Organizations: U.S, Miami - Dade Country Fair, Getty, Social Security, CNBC, Security, Fox News, Social, Union Locations: Miami , Florida

Morgan Stanley cut its price target on Tesla after trimming its profitability forecasts. The analyst has a price target of $500, which implies upside of more than 20% over the next 12 months. — Hakyung Kim 6:51 a.m.: JPMorgan raises CrowdStrike price target after earnings beat CrowdStrike is managing to grow quickly while delivering strong results, says JPMorgan. The bank upgraded the retailer to buy from hold, increasing its price target to $195 from $140. — Fred Imbert 5:40 a.m.: Morgan Stanley cuts Tesla price target 2024 will be for electric vehicles, said Morgan Stanley's Adam Jonas, who warns that Tesla could lose money this year.

Persons: Morgan Stanley, Wells, Andrew Nowinski, MongoDB, Hakyung Kim, CrowdStrike, Brian Essex, Essex, — Hakyung Kim, UnitedHealth, Andrew Mok, Mok, Berenberg, Philip Buller, Buller, Bob Jian Huang, Huang, Daniela Bretthauer, Krisztina Katai, — Fred Imbert, Morgan Stanley's Adam Jonas, Tesla, Jonas Organizations: CNBC, HSBC, Target, JPMorgan, Barclays, Medicare, Honeywell, Berenberg, Morgan Stanley Insurance, Progressive, Target . Deutsche Bank Locations: Andrew Mok ., Honeywell's, U.S, Tuesday's

☆ Millennials having fewer kids could be a drag on the economy for the next decade
▼ + stars: | 2024-02-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

At the current trajectory, that's set to weigh on the economy for the next decade or more. AdvertisementMillennials aren't having as many kids as previous generations, and that fact could end up dragging down economic growth for more than a decade. "What you're talking about is these birth rates dropping very, very low levels, which over the course of time has huge impacts on the economy," Pomeroy said. The impact of millennials having fewer kids will likely be worse than the impact of aging boomers — and the most dire consequences could come 10-15 years from now, Pomeroy estimated. The most important thing to encourage people to have more kids might be a cultural shift in how we talk about children, Buchholz says.

Persons: Millennials, —, James Pomeroy, Pomeroy, Todd Buchholz, …, boomers, Buchholz, That's, DINK, " Buchholz, it's Organizations: Service, Centers for Disease Control, White House, Medicare, Social Security, CNBC, Sony PlayStation Locations: China, Japan, Russia

☆ With King Charles out of public duty, the pressure for royals to step up mounts
▼ + stars: | 2024-02-05 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +8 min

Read previewThe announcement Monday that King Charles III has cancer has shone a light on just how fragile the British monarchy is. While he undergoes treatment, King Charles, 75, will "postpone public-facing duties" while continuing to work on his usual State business from home, according to the statement. With the king out of commission for public engagements, it will fall to the rest of the royal family to step more into the public eye while he heals. But the list of working royals is growing smaller and older. King Charles.

Persons: —, King Charles III, Buckingham, King Charles, William, Kristen Meinzer, Meinzer, Prince Harry, Prince Andrew, Kate Middleton, Meghan Markle, Harry, Duke, Chris Jackson, hasn't, Virginia Giuffre's, Jeffrey Epstein, Ghislaine Maxwell, Giuffre, Epstein, Andrew, Wales, Charles, Easter, Prince William, Meghan, don't, Eric Schiffer, Queen Elizabeth II, Camilla, King Charles II, Prince, Princess, CHRIS JACKSON, Schiffer, " Schiffer, Princess Anne, Prince Edward, Anne, Queen Elizabeth II's, Edward, Princess Eugenie, Princess Beatrice, Tolga, Prince Andrew's Organizations: Service, Business, Sussex, Management, Diplomatic Locations: British, London, Virginia, Kensington, Buckingham

☆ Baby Boomers are approaching 'peak burden' on the economy
▼ + stars: | 2024-02-04 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

A wave of retiring Boomers means the generation will soon be at "peak burden" to the economy. It's the Baby Boomers, who are aging fast and approaching their "peak burden" years in regard to their drag on the economy and the resources of younger generations. Advertisement"The peak burden is [when] all the baby boomers have hit retirement," Millar told Business Insider. And it isn't the case that Baby Boomers will derail economic growth nearly as much as, say, a full-blown recession, according to Dean Baker, an economist who described the Baby Boomers as a "time bomb" in a 1998 paper. In 2022, empty-nester baby boomers owned 28% of large homes in the US, a Redfin analysis found, double the share of millennial families.

Persons: —, Zers, Jonathan Millar, Millar, Dean Baker, That's, Boomers, David Rosenberg, Baker, Gen Organizations: Boomers, Service, Barclays, National Association of Realtors, Chamber of Commerce, Rosenberg Research, Social, Insurance Trust Fund, Social Security Administration Locations: Millennials

☆ This island in Italy is home to the world's longest-living people—here's how they eat to promote longevity
▼ + stars: | 2024-02-02 | by ( Raeleen D'Agostino Mautner | ) www.cnbc.com time to read: +2 min

Sardinia, Italy is one of the world's five "Blue Zones" — or places around the world where an unusually large number of people live to 100 or longer. For these vibrant Sardinian senior citizens, what they eat plays an important role in longevity. But you don't need to live in Italy to get these culinary health benefits. Here's how to eat like a Sardinian for a longer life:1. Grow some of your own foodSardinians like to forage for wild asparagus, wild greens, berries and mushrooms.

Locations: Sardinia, Italy, Sardinian

☆ Your energy costs could become a lot more unpredictable
▼ + stars: | 2024-02-01 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

For more than a decade, Americans could rely on cheap natural-gas prices to heat their homes and power businesses. Prices shot up exponentially, and homeowners, renters, and businesses are still seeing the ripple effects on their utility bills — even though natural-gas prices have since fallen. Just six years later, the US surpassed Qatar to become the world's leading exporter of natural gas. Slocum added that natural-gas exports put upward pressure on prices, citing recent reports by the US Energy Information Administration and the Federal Energy Regulatory Commission . The higher costs between 2021 and late 2023 are due to the energy crisis in Europe and "cannot explicitly be linked" with greater US gas exports, the spokesperson said.

Persons: Joe Biden, Tyson Slocum, Goldman Sachs, Slocum, Mike Sommers Organizations: Service, Business, LNG, US Energy Information Administration, Federal Energy Regulatory, American Petroleum Institute, CNBC, Energy, Consumer Locations: Russia, Ukraine, Europe, Texas, New Mexico, Qatar

☆ Biden’s Gaza problems are deeper than just being interrupted in public
▼ + stars: | 2024-01-27 | by ( Camila Dechalus | ) edition.cnn.com time to read: +13 min

The administration appears to be struggling with finding Arab American and Muslim leaders who are willing to even meet with White House officials, and no Muslim or Arab American groups have endorsed Biden’s reelection bid. And I think that’s a pretty good descriptor of Arab American voters right now.”The ceasefire calls are coming from a diversity of progressive groups, including those representing Jewish voters, voters of color and young people – key parts of Biden’s winning 2020 coalition. In the last presidential election cycle, Biden received the support of several prominent Muslim American elected officials and community leaders. At least 146,620 of the 200,000 Muslim American voters in Michigan cast a ballot in the 2020 election cycle, according to an analysis by Emgage. Some Arab American and Muslim voters say even if Biden’s campaign ramps up their outreach, it will be too late.

Persons: Washington CNN —, Rashida Tlaib, Joe Biden, Biden, …, ”, Tlaib –, Biden’s, Julie Chavez Rodriguez, Abdullah Hammoud, he’s, ” Hammoud, CNN’s Kaitlan Collins, Hammoud, it’s, Kamala Harris ’, Harris, Harris ’, ” “, Hanan Shaheen, Wadee Alfayoumi, Joe ”, Adrian Hemond, “ He’s, Hemond, Chavez Rodriguez’s, Assad Turfe, Wayne, he’d, Chavez Rodriguez, there’s, “, we’ve, Osama Siblani, Siblani, Dilawar Syed –, –, Usamah Andrabi, Khalid Turaani, Farah Khan, Trump, Hillary Clinton, Nabila Taha, ” Taha, ” Michael Tyler, Ariana Afshar, Hassan Abdel Salam, Dawud Walid, Samraa Luqman, ” CNN’s Kaanita Iyer Organizations: Washington CNN, Michigan Democratic, Palestinian, firebrand, Muslim, CNN, Democratic, White, Dearborn, ”, Intergovernmental Affairs, American, American voters, Jewish, Arab American, Lebanese American, US Small Business Administration, Democratic Party, Republicans, Justice Democrats, Muslim American, Biden, Michigan, Trump ., University of Minnesota, Islamic, Trump Locations: Michigan, Palestinian American, Israel, Gaza, Tlaib, Detroit, Arab, ”, Palestinian, America, Illinois, Chavez Rodriguez’s Michigan, Gaza’s, Dearborn, Lebanese, Northville , Michigan, Minnesota, Florida, Georgia, Nevada, Pennsylvania, Washington ,, California

An agreement has been reached to extend the Israel-Hamas truce for another two days, the spokesman for Qatar’s Foreign Ministry said Monday. In turn, Israel released 39 Palestinian prisoners. Political Cartoons View All 1265 ImagesIsrael has said it would extend the cease-fire by one day for every 10 additional hostages released. Here’s what's happening in the war:QATAR SAYS ISRAEL AND HAMAS AGREE TO EXTEND TRUCE FOR TWO MORE DAYSQatar’s Foreign Ministry said Monday that an agreement has been reached to extend the Israel-Hamas truce for another two days. Hamas has released some hostages during a truce that began Friday in return for Israeli releases of Palestinian prisoners.

Persons: —, Benjamin Netanyahu, — Elon, Majid Al Ansary, Elma Avraham, wasn’t, Tzachi Slotsky, Beer Sheba, Avraham’s, Tali Amano, Avraham, Amano, “, ”, Cross, Jason Straziuso, ELON, Elon Musk, who’s, Isaac Herzog, Musk, ” Musk, Eylon Levy, Shlomo Karhi, ” Karhi, Riad, Malki, JERUSALEM, ” Yelena Magid, Roni Krivoi, ” Magid, UNRWA's, Morris Tidball, Alice Jill Edwards, Wang Yi, Wang Wenbin, ” Wang Wenbin, Frank, Walter Steinmeier, ” Steinmeier, “ Beeri, Hassan Fadlallah, Fadlallah, Islam, France’s, Samuel Paty, Charlie Hebdo, Jason J, Eaton Organizations: Qatar’s Foreign, Hamas, Sunday, Israel, Health Ministry, —, Navy, Qatari Foreign, Soroka Medical, International Committee, ICRC Media, The Associated Press, Twitter, Israeli Ministry of Communications, Palestinian Foreign Affairs, European Union, Union for, Associated Press, United Nations, ISRAEL, BEIJING, Security, Chinese Foreign Ministry, ISRAEL BERLIN —, Beeri, Hezbollah, GO, PARIS —, MEN, UNIVERSITY OF VERMONT Police, University of Vermont, Burlington Police Department, Burlington Locations: Israel, Qatar, Egypt, Gaza, Tel Aviv, Barcelona, — U.S, israel, QATAR, ISRAEL, Beer, BARCELONA, Spain, Africa, HANOUN, Beit Hanoun, Geneva, New York, China, GERMANY, ISRAEL BERLIN — Germany, Beeri, BEIRUT, Iran, Lebanon, Aita, Paris, UNIVERSITY, Burlington

ATLANTIC CITY, N.J. (AP) — Five Atlantic City casinos and a horse racing track are forfeiting over $77,000 worth of money won by underage gamblers or those who had placed themselves on a list to be excluded from gambling activities. The forfeited money will go to the state to be used for programs to treat compulsive gambling, as well as on programs benefiting senior citizens and those with disabilities. The Ocean Casino Resort forfeited over $7,500; Bally's forfeited over $5,600; Freehold Raceway forfeited over $4,400; the Golden Nugget forfeited over $4,200; and Harrah's forfeited nearly $900. Collectively, they have won more than $4.2 billion from gamblers through the first nine months of this year. But they do indicate ongoing enforcement of regulations by which all casinos and gambling operations must operate.

Persons: DraftKings, Bally's, Harrah's, Wayne Parry Organizations: CITY, Atlantic City, Rush, Interactive, of Gaming Enforcement, Resorts, Casino Resort, Freehold Raceway, Golden Nugget, Atlantic Locations: N.J, New Jersey, www.twitter.com

The fallout has extended to Washington, where Republicans are hunting for evidence that could be used to impeach President Joe Biden. Republicans have highlighted a $200,000 personal check from Jim to Joe Biden on the same day — March 1, 2018 — that Jim Biden received an equal amount from Americore. Concerns that Jim Biden’s business ventures and missteps would cloud Joe Biden’s political career stretch back decades. Court records show the matter was dropped, and Jim Biden's representatives said the bill was paid. But he’s also angry at Jim Biden's brother.

Persons: ELLWOOD, Jim Biden, Joe Biden, Jim Biden wasn’t, Americore, It’s, Joe Biden’s, Hunter, Biden, Jim, ”, Paul Fishman, “, Ian Sams, Republicans won’t, ” Jim Biden, James Comer, he’s, ” Comer, Jim Biden's, Sara, Joe, Jill, Jim Biden’s, Barack Obama’s, Narendra Modi, Valerie, Frank, Beau, Beau Biden, ” Hunter, Uncle Jim, Hollywood Roosevelt, ‘, Let’s, ’ ”, Hurricane Irma, Tom Pritchard, Pritchard, ” Pritchard, Obama, Jim Biden “, ” Fishman, Michael Lewitt, Lewitt, Fishman, Biden’s, Grant White, ” White, Donald Trump, Scott Paglia, Paglia, ___ Suderman, Rhonda Shafner Organizations: ELLWOOD CITY, Health, House Republicans, Republicans, ., Democrats, Americore, Rep, Kentucky Republican, franchise, Senate, Delaware News, Oval, White, Indian, University of Delaware, Internal Revenue Service, CEFC China Energy . Records, American Express, U.S . Department of Veteran Affairs, Platinum Global Partners, Securities and Exchange Commission, Wall, Democratic, Associated Press Locations: Pa, Florida, Ellwood City, Pennsylvania, Washington, “, China, Philadelphia, Delaware, Mississippi, California, Los Angeles, Qatar, Saudi Arabia, South Florida, Delray Beach , Florida, Richmond , Virginia, New York

☆ South Korea Metro Workers Launch Strike; Disruption Limited
▼ + stars: | 2023-11-08 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

By Hyonhee ShinSEOUL (Reuters) - More than 10,000 unionised South Korean metro workers launched a two-day strike on Thursday in protest against the subway operator's push for job cuts to stem snowballing debt, causing disruptions for some commuters in the greater Seoul area. The strike came hours after negotiations between Seoul Metro and its two major unions fell apart due to differences over the operator's plan to scale back its workforce by some 13%, or more than 2,200, by 2026. Seoul's metro operators have grappled for years with debt, partly from free rides for senior citizens, as Asia's fourth-largest economy faces a rapidly aging population and surging welfare costs. But city authorities warned of some delays in the evening, and pledged to mobilise emergency trains, buses and substitute workers. Lee called for efforts to curb the metro operator's debt, which topped 1.7 trillion won ($1.3 billion) last year.

Persons: Shin, Lee Jung, sik, Lee, 1,307.2600, Hyonhee Shin, Stephen Coates Organizations: Korean, Seoul Metro, Employment, Labour, Facebook Locations: Shin SEOUL, Seoul, Seoul's

☆ Walmart Spark delivery drivers are sick of customers asking them to bring deliveries into their homes
▼ + stars: | 2023-10-31 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

Walmart Spark drivers often get requests from customers to drop groceries off in their kitchens. Walmart's InHome delivery service, which is staffed by full-time employees, offers kitchen drop-offs. AdvertisementAdvertisementEarlier this year, a Spark delivery driver in Nevada pulled up to a house with a few bags of groceries for delivery. Customers are likely confusing the delivery for another service Walmart offers, InHome Delivery. Spark drivers, by contrast, are gig workers paid per order or batch of orders, and they aren't allowed to go into shoppers' homes.

Persons: —, she's, InHome, Doug McMillon Organizations: Walmart, Service, Workers Locations: Nevada, Miami, Dallas, San Francisco, Texas

☆ 92NY Halts Literary Series After Pulling Author Critical of Israel
▼ + stars: | 2023-10-23 | by ( Jennifer Schuessler | More About Jennifer Schuessler | ) www.nytimes.com time to read: +6 min

The reading, organized by 92NY’s Unterberg Poetry Center, instead moved to a bookstore in downtown Manhattan, without any sponsorship from the Y. 92NY confirmed afterward that the decision not to go ahead with the event stemmed from Nguyen’s public statements about Israel. On Saturday, as news of the cancellation of Nguyen’s event spread, writers began announcing they would withdraw from upcoming appearances. The poet Paisley Rekdal and the critic Andrea Long Chu also wrote on X that they were pulling out of their events. The turmoil at the Y is part of continuing cultural repercussions over the war between Israel and Hamas.

Persons: Viet Thanh Nguyen, 92NY’s, 92NY, ”, Israel, “, Dylan Thomas, Robert Frost, Langston Hughes, Philip Roth, Salman Rushdie, Toni Morrison, Richard Ford, John Edgar Wideman, Roxane Gay, Christina Sharpe, Saidiya Hartman, Dionne Brand, Paisley Rekdal, Andrea Long Chu, ” Rekdal, ” Chu, Chu, Sarah Chihaya, Sophie Herron, Nguyen, Min Jin Lee, Bernard Schwartz, Schwartz Organizations: Young, Hebrew, Jewish, Yorkers, Academy of American, London, divesting, McNally Jackson Locations: Israel, Manhattan, States, Gaza, Lower Manhattan

☆ Opinion | Turmoil Over Student Support for Hamas
▼ + stars: | 2023-10-20 | by ( ) www.nytimes.com time to read: +4 min

To the Editor:Re “Student Letter Hits Fault Line in Free Speech” (front page, Oct. 19):The unequivocal support for Hamas by some students at elite colleges is irksome and puzzling. These bright young students claim to value tolerance and inclusion while objecting to capital punishment. Carla S. SchickOakland, Calif.To the Editor:It strikes me that the students at Harvard who complain about being “doxxed” misunderstand the concept of free speech. Free speech means that you are free to say whatever is on your mind “free” of government restrictions. If you say mean things, they likely will think you mean.

Persons: don’t, Adam M, Shaw Baltimore, I’ve, ”, Bill Ackman, Jonah S, Berger, Carla S, Schick, Sanford H, Margolin, Sidney Powell Organizations: Harvard, Stanford, Berger Pittsburgh Locations: Columbia, Gaza, Israel, Palestine, U.S, Schick Oakland, Calif

☆ 'Phantom hacker' scams that target seniors' savings are on the rise, FBI says
▼ + stars: | 2023-10-17 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

There has been a nationwide increase in "phantom hacker" scams, a type of fraud "significantly impacting senior citizens," who often lose their entire bank, savings, retirement or investment accounts to such crime, according to the FBI. "Phantom hacker" scams are an evolution of tech support scams, a type of cybercrime. As of August 2023, losses from tech support scams were up 40% during the same period in 2022, according to a recent FBI public service announcement. Older adults have generally amassed a larger nest egg than younger age groups, and therefore pose a more lucrative target for criminals. Older adults are also "particularly mindful of potential risks to their life savings," Gregory Nelsen, FBI Cleveland special agent in charge, said in a statement.

Persons: Gregory Nelsen, Nelsen Organizations: FBI, Finance, FTC Labor Department, FBI Cleveland

☆ Social Security cost-of-living adjustment will be 3.2% in 2024, well below this year's record-setting increase
▼ + stars: | 2023-10-12 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Jozef Polc / 500Px | 500Px Plus | Getty ImagesSocial Security beneficiaries will see a 3.2% boost to their benefits in 2024, the Social Security Administration announced on Thursday. The annual cost-of-living adjustment for 2024 will affect more than 71 million Social Security and Supplemental Security Income beneficiaries. Typically, Medicare Part B premium payments are deducted from Social Security checks. How the 2024 COLA comparesThe 2024 benefit increase is much lower than record 8.7% cost-of-living adjustment Social Security beneficiaries saw this year, the biggest boost in four decades in response to record high inflation. Older Americans 'still feeling the sting' of inflationThe 2024 adjustment comes as many retirees are still struggling with higher prices.

Persons: Jozef Polc, Jo Ann Jenkins, Jenkins, Tracey Gronniger, Gronniger Organizations: Social, Social Security Administration, Social Security, Senior Citizens League, Consumer, Urban, Clerical Workers, AARP, Justice, COLA, Security

But she isn’t certain that it will be enough, even with her Social Security benefits. Charles Blahous, a former Social Security trustee, said the annual COLA announcement is a reminder about the program's stressed finances. Mary Johnson, Social Security and Medicare policy analyst at the Senior Citizens League, says her organization supports the Social Security Administration using whichever index is higher to best protect older people from inflation. The maximum amount of earnings subject to Social Security payroll taxes for 2023 is $160,200, up from $147,000 in 2022. There have been legislative proposals to shore up Social Security, but they have not made it past committee hearings.

Persons: Karla Abbott, she’s, Charles Blahous, Mary Johnson, Kevin McCarthy, Abbott, Alfred Mason, Mason, Jo Ann Jenkins, ” Johnson, “, ” Organizations: WASHINGTON, Social Security, Bureau of Labor Statistics, Senior Citizens League, Social Security Administration, Security, Social, AARP, Senior Citizens Locations: Sioux Falls , South Dakota, Washington, Louisiana

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