Many Adults Are Helping Their Parents Financially Despite Strain – The New York Times:
“Many adults give financial support to their parents, despite feeling a strain on their own budgets, new research finds.
About a third of adults in their 40s, 50s and early 60s said they had given a parent money in the past year, according to a new survey from the research arm of AARP, the advocacy organization focused on older Americans.”
“Two things may come to the rescue of exasperated inventory liquidators. The first is the rise of second-hand-clothes sales online: expect to see many ‘used’ frocks on offer that are in fact brand new. The second is ‘up-cycling’, when an unsold dress gets trimmed, combined and dyed into a new fabulous outfit.”
Phone Hacks Can Happen to Anyone. Here’s How to Protect Yourself. – The New York Times:
“Vacations, in general, are fraught with risk. The hotel Wi-Fi network should never be used, because it exposes your devices to hacking. Use the hot spot on your phone instead, and never log into your financial accounts on a public network.
Some Wi-Fi hotel networks are outright fakes.”
*Lots of interesting information in full article.
Ajit Pai: Carrier sales of phone-location data is illegal, FCC plans punishment | Ars Technica:
“Mobile network operators who sold their customers’ real-time location data violated US law and the Federal Communications Commission will try to punish carriers that did so, FCC Chairman Ajit Pai wrote today.”
FDA approves peanut allergy drug treatment for children – CBS News:
“The U.S. Food and Drug Administration has approved the first drug to treat life-threatening peanut allergies, which affect 1.2 million children. The drug is intended to help children tolerate small amounts of peanuts and potentially avoid a life-threatening accidental exposure. “
“… there is also clear evidence that millennials, born between 1981 and 1996, are saving more aggressively for retirement than Generation X did at the same ages, 22-37. And that might put them in better financial shape than many assume.”
How Private Equity Buried Payless – The New York Times:
“The death of Payless eliminated several hundred well-paying corporate headquarters jobs in Topeka, as well as thousands more jobs in stores. And it hurt creditors, landlords and suppliers.”
Illinois governor signs law capping insulin costs at $100 per month:
“The Illinois governor has signed a new law that will cap out of pocket insulin costs at $100 for a 30-day supply.”
*Will there be enough supply at or below the mandated price cap? Let’s see how this plays out.
The Tragic iPad – Stratechery by Ben Thompson:
“The Tragic iPad”
Customs police seize $900,000 in counterfeit money — all in $1 bills – CNN:
“Customs police seized $900,000 in counterfeit money from a shipping container — all in $1 bills”
D.L. Damore 