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Today, those thresholds are just one-sixth of their 1972 value, the Center on Budget and Policy Priorities notes, and their worth declines further each year with inflation. How SSI's asset limits may be raisedIn new research, the Center on Budget and Policy Priorities considers the effects of raising or eliminating the asset limits SSI has for beneficiaries. That $100,000 threshold would be in line with the amount eligible SSI beneficiaries are currently allowed to hold penalty-free in ABLE accounts, tax advantaged savings programs for people with disabilities. Another change — excluding the consideration of retirement accounts — could also help bolster SSI program eligibility. Eliminating the asset test entirely would raise participation in the program by 6%, the nonpartisan research and policy institute found.
Persons: Tom Grill, Kathleen Romig, Romig, Sen, Sherrod Brown, Rob Portman, Portman, Brown, , Kristen Dama Organizations: Center, Budget, Finance, GOP, Social Security, Sherrod Brown Democratic, Democrat, Republican, Community Legal Services of Philadelphia, Social Security Administration Locations: Ohio, Dama
At four-year private colleges, it now costs $39,400, according to the College Board, which tracks trends in college pricing and student aid. Many students borrow to cover the tab, which has already propelled collective student loan debt in the U.S. past $1.7 trillion. The share of parents taking out federal parent PLUS loans to help cover the costs of their children's college education has also grown, NerdWallet found. High schoolers are also putting more emphasis on career training and post-college employment, a recent report by ECMC Group found. How to avoid taking on too much student debt
Persons: Sarah Foster, NerdWallet, Parker O'Neill Organizations: College Board, Bankrate.com, The Institute, College, National Center for Education Statistics, Century College, ECMC Group Locations: U.S, White Bear Lake , Minnesota
How should slavery and its legacy be taught in U.S. schools?
  + stars: | 2023-06-29 | by ( ) www.reuters.com   time to read: +21 min
My father said it was indeed a general store, supplying everything from hog feed to eggs to coal for heating. On the map, I believe General’s Store is the building at the bottom and labeled S for store. Black people appeared chiefly in sketches aimed at amusing readers – or when they were accused of crimes against whites. The letter writer said a young white man in a general store had ordered the woman to put down a can of oil she was examining. I could find nothing that accounted for the death of General Bryson, let alone any item that mentioned the Bryson family.
Persons: General Bryson, General, G.G, Bryson, George T, Williamson, Bryson’s, Lucille Newton Duke, Boots ”, Barbara Newton, Bud Moon, Jim Smith, Smith, Sheriff Culberson, Moon, , Martin Luther King Jr, Ancestry.com, Jim Crow’s, Margaret Burnham, Burnham, , , ” Burnham, Isaac Gaston, Gaston –, General Bryson –, Walter White, weren’t, Patricia, Julia, I’d, LaBrenda Garrett, Nelson, Thomas Colquitt Hardman, Lamartine Hardman, Hardman, – Hardman, Harry Bryson, Harry, wasn’t, Uzell Mathis, Black, you’d, Terrie Epstein, Epstein, Chara Haeussler Bohan, Alexander Stephens, Mildred Rutherford, Bohan, ” Bohan, ” Chara Haeussler, Ron DeSantis, David Walker, DeSantis, ’ ” Bohan, Jim Crow, Carol Swain, Swain, ” Swain, Booker T, Washington . Organizations: Commerce, Herald, Calvary Baptist Church, Sanborn, Company, Library of Congress, Hurricane, Reuters, Civil, Northeastern University, National Association for, Advancement of Colored, NAACP, New York Times, Jackson County Herald, Arlington National Cemetery, Quartermaster Corps, Harmony, Black Commerce, New, Hunter College, Blacks, Georgia State University, Confederacy, Southern Poverty Law, Union, American AP, Republican, Yale, Harvard Law School, state’s Department of Education, , demonize, Washington, Tuskegee University Locations: Jackson, Mt, Calvary, Hurricane, Hurricane Grove, Jefferson, Winder, Maxey’s, Donalsonville , Georgia, Donalsonville, Commerce, Georgia, Atlanta, Jackson County, United States, Brest, France, Arlington, Harmony Grove, Commerce Jackson County Georgia, Black, Grove, Michigan, Confederate States, America, Southern, South Carolina, Mississippi, Texas, Florida, demonize America, Virginia, Washington
The woman, Jeanie Dubnau, an 84-year-old housing activist and molecular biologist, said in an interview afterward that her Jewish family had fled Europe during the Holocaust. Mr. Adams, the city’s second Black mayor, has often raised concerns about racism when he has felt under attack. More recently, he has twice compared himself to Kunta Kinte, a character from the 1977 television series “Roots” who was beaten for refusing to accept the slave name Toby. Mr. Adams also claimed recently that there was a “coordinated” effort to prevent him from winning a second term. When asked who was coordinating that effort, the mayor again compared himself to Kunta Kinte and said, “There’s a body of people who were pleased with 30 years without having a mayor that looked like me.”
Persons: Jeanie Dubnau, , Adams, Andrew Yang, Kathryn Garcia, Kunta, Toby, , Kunta Kinte, Keechant Sewell Locations: Europe, New York
The Centers for Disease Control and Prevention on Thursday recommended that adults ages 60 and above receive a single dose of RSV vaccines from Pfizer and GSK after consulting their doctors. "These vaccines provide an opportunity to help protect older adults against severe RSV illness at a time when multiple respiratory infections are likely to circulate," the CDC said in a statement. The virus is a common respiratory infection that usually causes mild, cold-like symptoms, but more severe cases in older adults and children. Each year, RSV kills 6,000 to 10,000 seniors and a few hundred children younger than 5, according to CDC data. But the panel raised concerns about the lack of efficacy data on subgroups of the elderly population at the highest risk of severe RSV.
Persons: Rochelle Walensky, Michael Melgar Organizations: Disease Control, Pfizer, GSK, CDC, U.S . Food, Drug Administration, Spokespeople Locations: U.S
Harvard Yard, on the campus of Harvard University in Cambridge, Massachusetts. The ruling is considered a massive blow to decades-old efforts to boost enrollment of minorities at American universities through policies that took into account applicants' race. "Without considering race, there would be a reduction in the number of underrepresented students of color." "This idea, essentially striking down affirmative action, on its surface will result in less diverse classes," said Robert Franek, editor-in-chief of The Princeton Review. "The ruling does allow for students to express, through their essay or otherwise, things about themselves that could include race," Franek also noted.
Persons: Maddie Meyer, Christopher Rim, Cara McClellan, Robert Franek, Kelly Slay, John Roberts, Franek, Organizations: Harvard, Harvard University in, Getty, Command, University of North, Racial, Civil Justice Clinic, University of Pennsylvania Carey Law School, University of California, Michigan, Urban Institute, The Princeton, Vanderbilt University, Colleges, Finance, SUNY Locations: Harvard University in Cambridge , Massachusetts, University of North Carolina
Are Democrats Actually Winning Older Voters?
  + stars: | 2023-06-28 | by ( Nate Cohn | ) www.nytimes.com   time to read: +2 min
And yet the Times/Siena polls found the generic congressional ballot tied among seniors, at 45 percent support for each party. In a question asking how they voted in the 2020 presidential election, the polls still found Mr. Biden leading Mr. Trump, 53 percent to 47 percent, among older voters. Democrats fared better among older voters in the Wisconsin mail survey than in any other major election study. The mail survey found the Democrat Mandela Barnes beating the Republican incumbent senator, Ron Johnson, by 52-40 among older registered voters. In the high-incentive mail survey, voters over 67 in 2022 (meaning over 65 in 2020) said they backed Mr. Biden by 55-38 over Mr. Trump.
Persons: Biden, Trump, Catalist —, aren’t, Wisconsinites, Mandela Barnes, Ron Johnson, , Barnes, Johnson, VoteCast Organizations: Times, Democratic, Republicans, Republican, Mr Locations: Siena, Wisconsin
New York CNN —Companies are sitting on a lot less cash than they were last year, largely because they’re spending it on share buybacks and corporate dividends. What’s happening: A new report from Moody’s Investors Service finds that nonfinancial companies’ corporate cash declined 12% last year to $2 trillion. But debt was flat year over year, meaning that companies didn’t use much of their cash reserves to pay down outstanding loans. Now that it’s more expensive to borrow, companies in the US should reconsider the amount of money they’re spending on buybacks, he added. Preventing companies from repurchasing their own shares, they argue, would free corporate cash to invest in growth and raise wages instead.
Persons: Emile El Nems, , Ben Lofthouse, Janus Henderson, ” El Nems, Joe Biden, buybacks, , Brian Moynihan, Moynihan, CNN’s Poppy Harlow, Nathaniel Meyersohn, That’s Organizations: CNN Business, Bell, New York CNN — Companies, Moody’s Investors Service, Moody’s, Federal Reserve, Bank of America, Corporations, , CNN, Commerce Department, UBS Locations: New York, buybacks
The oldest members of Gen Z are just a few years into being part of the workforce, and they're already being stereotyped as lazy. Hustle culture isn't dead — it's just getting a Gen Z rebrand. When I think of my peers and Gen Z, I don't hear anyone talk about corporate success or climbing the corporate ladder. Jade WaltersWalters, like many of her peers, has a side hustle: The Ninth Semester, a Gen Z career resource. As Gen Zers gain ground in the labor force, it's likely those values will flow through other generations of workers, too.
Persons: Gen, they've, Gen Zers, — it's, Zers, Jade Walters, it's, Jade Walters Walters, Martha Bird, Walters, Covid, Bird, DeAndre Brown, Brown, Hustling Organizations: ADP Locations: Chicago, Los Angeles
Advocates for a bipartisan commission argue the approach may help smooth out the differences between the parties. But whether a bipartisan commission is the answer to Social Security's funding woes is the subject of fierce debate. Social Security benefit cuts unpopular, poll showszimmytws | iStock | Getty ImagesA new poll from Social Security Works and Data for Progress of 1,191 likely voters highlights one big concern about that approach — that it would require benefit cuts. 'It has to be done in a bipartisan way'Any changes to Social Security will require bipartisan agreement. "You don't want Social Security to become a partisan issue," said Bill Hoagland, senior vice president at the Bipartisan Policy Center.
Persons: Tom Cole, Jake LaTurner, Cole, Danielle Deiseroth, Nancy Altman, Altman, Bill Hoagland, Hoagland Organizations: Istock, Getty, Social Security Commission, Democrats, Social Security, iStock, Progress, actuaries, Greenspan, Center Locations: Kansas
Pickleball injuries may cost Americans $377 million in health care costs this year, accounting for 5% to 10% of total unexpected medical costs, UBS analysts estimated in a report Monday. From 2010-2019, 86% of emergency department visits due to pickleball injuries occurred in people over 60 years old, according to the medical study. Around 60% of pickleball injuries are sprains, strains and fractures. The analysts estimated that there will be around 67,000 emergency room visits, 366,000 outpatient visits and 9,000 outpatient surgeries related to pickleball injuries this year. According to the Sports and Fitness Industry Association trade group, pickleball has grown from 3.5 million players in 2019 to 8.9 million in 2022.
Persons: New York CNN —, Pickleball Organizations: New, New York CNN, UBS, Sports, Fitness Industry Association Locations: New York
The rapidly aging population is expected to be a boon for senior housing. About 50% of those in assisted living facilities, for example, are aged 85 and older, while 31% are between 75 and 84 years old, according to the National Center for Assisted Living . Bumpy road but 'attractive valuation' ahead Right now, senior housing is seeing favorable demographics, as well as improving fundamentals and margins, said NIC's Clapp. There's a point where for each incremental bed added in senior housing, you might not need another worker in the building, he explained. Other names tied to the trend include Ensign and Omega Healthcare Investors , which both provide skilled nursing and senior living services, as well as Brookdale Senior Living , an operator of senior living communities with just a $755 million market cap.
Persons: Wells, Connor Siversky, Welltower, Ventas, Raymond James, Jonathan Hughes, You've, they've, Caroline Clapp, Greg Kuhl, Janus Henderson, We've, we've, Kuhl, Siversky, NIC's Clapp, Clapp, there's, Stocks, Janus Henderson's Kuhl, that's, Hughes, CNBC's Michael Bloom Organizations: . Census, National Center for, National Investment Center, Seniors Housing, Care, U.S . Census Bureau, NIC, Investors, Estate Fund, Omega Healthcare Investors Locations: U.S, NOI
They estimate that up to $500 million of medical costs in 2023 will be attributable to pickleball. A UBS analyst note estimated pickleball, which has been likened to a combination of tennis and ping pong, would be responsible for $250 million to $500 million of medical costs in 2023. One reason for the high medical costs associated with pickleball is the sport's demographic. The Sports & Fitness Industry Association's report estimated there were 8.9 million pickleball players above the age of six in the US; the Association of Pickleball Professionals estimated in January that there were 36.5 million pickleball players in the US. The UBS analysis estimated there would be 22.3 million pickleball players in the US this year.
Persons: pickleball Organizations: UBS, Morning, Fitness Industry Association, Fitness Industry, Association of Pickleball Professionals, Google Locations: pickleball
A sport that is making many older Americans more active could be backfiring for health insurance companies, according to UBS. Pickleball is a tennis-adjacent sport that has exploded in popularity since the Covid-19 pandemic, attracting millions of new players and celebrity investors . "After analyzing the growth in pickleball as well as the nature and frequency of related injuries, we conducted a bottom-up analysis of medical costs. In total, we estimate $250-500 mn of medical costs directly attributable to pickleball and see potential for greater medical costs indirectly linked to pickleball," the note said. All said, we estimate that pickleball medical costs could be driving 5-10% of the unexpected medical cost trend this year," the note said.
Persons: Andrew Mok, Goldman Sachs, Mok, UNH, — CNBC's Michael Bloom Organizations: UBS, Pickleball, Insurance, Medicare Locations: pickleball, UnitedHealth, Friday's
Liang Shi, 56, has failed China's intense college entry exam for the 27th time, per AFP. The self-made millionaire who started taking the test in 1983 harbors dreams of going to university. After all, the former factory worker has his own construction materials business and is a millionaire, per AFP. "It's an uncomfortable thought that I didn't manage to get a college education," Liang told AFP earlier this month. "It's hard to say whether I will keep on preparing for the next year," he told AFP.
Persons: Liang Shi, He's, , It's, Liang, gao kao, Matthew Loh, Liang's, he'll Organizations: AFP, Service, ACT, AP Locations: China, AFP, Sichuan
"We will cut the vicious cycle of killer questions in exams, which leads to excessive competition among students and parents in private education," education minister Lee Ju-ho told a briefing. The ministry also vowed to crack down on private education "cartels" by ramping up efforts to monitor what it termed false and exaggerated advertising by private schools targeting exam preparations. Local media have reported on alleged connections between the private education industry and government education officials in drawing up college entrance exams that require private tutoring to master. Nearly eight in 10 students use in private education products such as cram schools, known as "hagwons", according to the report. Shin So-young, an activist at civic group The World Without Worry About Private Education, said the planned changes may not be enough to contain the competition.
Persons: Yoon Suk, Lee Ju, Yoon, Shin, Woongjin Thinkbig, 1,302.0300, Soo, hyang Choi, Hyunsu Yim, Jack Kim, Ed Davies, Gerry Doyle Organizations: South Korea, Education, Thomson Locations: South, SEOUL, South Korea's, South Korea, KS, MegaStudyEdu
As a high school teacher, I make all my graduating seniors understand how to handle stress. I then teach them how to make a plan to move forward through the stress. Through my years of experience with students, I've realized that the most important thing I can teach seniors is how to listen to and manage their stress. I've learned that students' stress needs to be validatedTheir stress is not something to just bulldoze over or pretend doesn't exist. I also make sure my students understand how to handle their stress and move forwardWhen I teach students to pause, listen, and validate, I notice they then learn how to proceed.
Persons: , I've, wouldn't, He's, Glennon Doyle, they'll Organizations: Service, American Psychological Association
Vaccinating one million adults ages 65 and above with a single RSV shot from Pfizer or GSK may prevent thousands of hospitalizations over two seasons of the virus, according to a Centers for Disease Control and Prevention analysis. The committee recommended that adults ages 60 and older may receive one dose of Pfizer's or GSK's respiratory syncytial virus shot after consulting their doctor. The analysis also found that vaccinating one million adults in the same age group with one dose of GSK's shot may prevent roughly 2,300 hospitalizations and 23,000 outpatient visits. Each year, RSV hospitalizes 60,000 to 160,000 older adults and kills 6,000 to 10,000, according to CDC data. Last year, cases of RSV – along with Covid and the flu – in children and older adults overwhelmed hospitals across the nation.
Persons: Michael Melgar Organizations: Pfizer, GSK, Centers for Disease Control, University of Michigan, Northern Hemisphere
GlaxoSmithKline on Wednesday said its vaccine to protect adults ages 60 and older from respiratory syncytial virus, or RSV, remained effective across two seasons of the disease. The shot was also 78.8% effective against severe RSV disease after two seasons, compared with 94% after one season. The London-based company said high efficacy was similarly maintained in older adults with underlying conditions, who are most at risk of severe RSV. The committee will form a recommendation on when and how often the company's RSV shot — and a vaccine from rival Pfizer — should be administered in the U.S. Pfizer's RSV shot became the second to win approval shortly after.
Persons: , drugmaker Organizations: GlaxoSmithKline, Northern Hemisphere, GSK, Pfizer, Centers for Disease Control, CDC, U.S, The, Drug Administration Locations: London
The virus is a common respiratory infection that usually causes mild, cold-like symptoms, but more severe cases in older adults and children. Pfizer and GSK on Wednesday both presented new clinical trial data to the panel, which provided a first glimpse of their shots' durability after one RSV season. That's down from more than 85% at the end of the first season in older adults. For less severe RSV disease, efficacy declined to 67.2% over two seasons from 82% after one season. The shots would help the U.S. combat the upcoming RSV season in the fall after an unusually severe RSV season last year.
Persons: Rochelle Walensky, That's, Michael Melgar, Melgar Organizations: Centers for Disease Control, Pfizer, GSK, Food and Drug Administration, CDC, Northern, Seniors Locations: Los Angeles, United States
The pharmaceutical industry's largest lobbying group and two other organizations Wednesday sued the Biden administration over Medicare's new powers to slash drug prices for seniors under the Inflation Reduction Act. Pharmaceutical Research and Manufacturers of America, along with the National Infusion Center Association and the Global Colon Cancer Association, argue that the Medicare negotiations with drugmakers violate the U.S. Constitution, in a complaint filed in federal district court in Texas. The groups asked the court to declare the program unconstitutional and prevent the Department of Health and Human Services from implementing Medicare negotiations without "adequate procedural protections" for drug manufacturers. It marks the fourth lawsuit challenging the controversial provision of the Inflation Reduction Act, which became law last summer in a major victory for President Joe Biden and Democratic lawmakers. The lawsuit also argues the policy violates due process by denying pharmaceutical companies and the public input on how Medicare negotiations will be implemented.
Persons: Eli Lilly, Johnson, Joe Biden, PhRMA —, drugmakers, Stephen Ubl, Ubl Organizations: New York Stock Exchange, Biden, Pharmaceutical Research, Manufacturers of America, National, Center Association, Global Colon Cancer Association, drugmakers, Constitution, Pfizer, Johnson, of Health, Human Services, HHS, Democratic, Merck, Bristol Myers Squibb —, U.S . Chamber of Commerce, PhRMA Locations: U.S, Texas
Editor’s Note: In the new season of “Chasing Life,” CNN Chief Medical Correspondent Dr. Sanjay Gupta explores how to make the most of whatever age you’re at. Tune in to hear Dr. Sanjay Gupta interview his parents, and learn how changing our mindset around aging can influence our health and longevity. Another topic that we explore in the podcast is the idea of a midlife crisis. But Sin also told me that the whole concept of “midlife crisis” has shifted since millennials, in particular, have started hitting middle age. So what does midlife, and the midlife crisis, look like for them?
Persons: Sanjay Gupta, – I’ve, I’m, Archie Bunker, Diana Nyad, Jack LaLanne, ” We’ll, Justine Bateman, Paul Holbrook, spry, Holbrook, haven’t, Nancy Sin, Sin, , Dr, Becca Levy, CNN’s Andrea Kane Organizations: CNN, Pew, US Centers for Disease Control, University of British, CNN Health, Yale University Locations: University of British Columbia
And Bristol Myers Squibb is trying protect its blood thinner Eliquis, which brought in $11.8 billion in sales last year, or about 25% of the company's $46 billion total revenue for 2022. Long legal battle aheadMerck, the chamber and Bristol Myers Squibb filed their lawsuits ahead of two key deadlines. Bristol Myers Squibb did not either. If circuit court decisions on the matter contradict one another, the Supreme Court would step in to decide the issue, Bagby said. Bristol Myers Squibb made an identical argument in its complaint.
Persons: Richard A, Gonzalez, Pascal Soriot, Giovanni Caforio, Jennifer Taubert, Johnson, Kenneth C, Frazier, Albert Bourla, Olivier Brandicourt, Win Mcnamee, Drugmaker Merck, Drugmaker, Bristol Myers Squibb, PhRMA, Eli Lilly, Merck, Bristol Myers, Robin Feldman, Nicholas Bagley, Bagley, Gretchen Whitmer, Chris Meekins, Raymond James, Antonin Scalia, Brett Kavanaugh, Neil Gorsuch, Meekins, Long, Xavier Becerra, Randolph Daniel Moss, Barack Obama, Judge Thomas M, Rose, George W, Bush, Kelly Bagby, Bagby, Amgen, Donald Trump, Karine Jean, Pierre, Biden, Jean, we'll, Becerra, Feldman Organizations: Senate, AbbVie Inc, AstraZeneca, Myers Squibb Co, Janssen Pharmaceuticals, Johnson, Merck & Co, Inc, Pfizer, Sanofi, Getty, U.S . Chamber of Commerce, Bristol Myers Squibb, Washington , D.C, Southern, Southern District of, Democratic Party, U.S, Merck, Bristol, Pharmaceutical Research, Manufacturers of America, CNBC, Medicare, University of California College of, Justice Department, Michigan Gov, Bristol Myers, Human Services, Centers, Services, AARP Foundation, HHS, AARP, Specialty Pharmacy, Reuters, Supreme, Appeals, Democratic, U.S . Sixth, Republican, Third, White Locations: America, Washington , DC, Bristol, U.S, Washington ,, Southern District, Southern District of Ohio, New Jersey, Commerce's Dayton , Ohio, San Francisco
Wall Street's summer internship season is finally here — and the competition will be fierce. "I wouldn't be surprised if it's 70% or even less," he said of the return offer rates at the end of the summer. So if you're starting your Wall Street internship now, congratulations. At the end of the summer, they may help determine who gets a return offer. "It's a 10-week internship, you're 20 years old.
Persons: it's, Steve Sibley, They're, Sibley, don'ts, Goldman Sachs, David S, Holloway, Asif Rahman, Rahman, you'll, doesn't, I've, Gucci loafers, you've, You've Organizations: Indiana University's Kelley School of Business, Google, Wall Street Locations: New York City, San Francisco, snagging, dealmaking
Chris Christie said Tuesday that U.S. leaders "need to deal with Social Security" and vowed not to shy away from entitlement reform if he becomes the 2024 Republican presidential nominee. "We have to look at things like means testing for the very wealthy [who] don't need to get Social Security," Christie said on CNBC's "Squawk Box." "You have to revitalize the economy to bring more growth, and secondly you have to reduce spending," Christie said. And "we need to deal with Social Security," Christie said, noting that the program is scheduled to be unable to pay full benefits starting in 2034. Strong majorities of U.S. adults across the political spectrum consistently say they oppose cutting Medicare and Social Security benefits.
Persons: Chris Christie, Christie, Donald Trump, Trump, didn't, it's, We've, we've, Ron DeSantis, DeSantis Organizations: New Jersey Gov, Social Security, Republican, CNBC, Fox News, Florida Gov, Trump, GOP
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