CALIFORNIA | LOCAL
May 18, 2013 |
Ringed by the posh shops of Beverly Center, Tim Ratliff said no - he didn't have a credit card. He didn't need one. "I just hear so many horror stories about people being in debt," said Ratliff, 21, who studies psychology at Ohio State University. "When you have a credit card, you feel like you have a lot of money when you don't. " Ratliff is like many young adults, emerging data show. His generation, dubbed millennials by academics and marketers, grew up during the boom and bust cycles of the U.S. economy over the last decade and a half - crises that appear to have reshaped their attitudes toward spending and debt.
April 26, 2013 |
Dear Liz: My husband and I are recovering from a job loss four years ago. We used up all our savings and home equity. My husband is now employed, but we are struggling to keep ahead even with a salary of about $100,000. I was a stay-at-home mom for the first 10 years of our kids' lives and now I work two part-time jobs to help with our expenses. We are trying to follow the 50/30/20 budget plan you recommend, but can't seem to get our "must haves" - which are supposed to be no more than 50% of our after-tax income - down from 80% to 90%. Most of the rest goes for "wants," such as the kids' dance classes and soccer teams and for cellphones.
April 13, 2013 |
The patient in his 50s was mildly overweight, had high cholesterol and was headed down the road to diabetes. Common problems, and his doctor made the usual recommendation: medications. But the patient, Michael Mosley - a British author, journalist, TV personality and doctor himself - decided to go a different route. He traveled around his own country and ours, interviewing leading researchers, then tested some of their latest findings. The result? "The Fast Diet," a bestselling book in Britain (it has nothing to do with fast food, how fast you eat or even how fast you lose weight)
April 12, 2013 |
Over the weekend, Hall of Fame center Kareem Abdul-Jabbar led a processional on a one-mile walk outside of the Georgia Dome in Atlanta. Abdul-Jabbar's Final Four Dome Dribble Fueled by Powerade was part of his campaign to encourage fun, healthy and active lifestyles. The 65-year-old six-time NBA champion is also participating as a contestant on "Splash," a diving competition show on ABC. Abdul-Jabbar recently told Jimmy Kimmel on "Jimmy Kimmel Live!" that he's aspiring to "show everybody that at my age you can live a healthy lifestyle and learn new things.
February 20, 2013 |
WASHINGTON - Former U.S. Rep. Jesse L. Jackson Jr. (D-Ill.) and his wife, former Chicago Alderwoman Sandi Jackson, pleaded guilty Wednesday in what prosecutors said was a conspiracy to siphon about $750,000 in federal campaign funds for their personal use. Jackson entered a negotiated plea of guilty on one felony count of conspiracy to commit false statements, wire fraud and mail fraud. He could face years in prison when he is sentenced this summer. Sandi Jackson pleaded guilty to a charge of willingly filing a false tax return, tied to the same allegations that the couple repeatedly tapped the former congressman's campaign fund, used the money for personal expenses and then made fraudulent campaign and tax disclosures to cover up the misconduct.
February 19, 2013 |
Jerry Buss navigated his way through life and business much as Magic Johnson navigated through a tight NBA defense. He had moves, a quick learning curve and a confidence. In the wake of Buss' death Monday, all sides of him will be in play in the news and tributes. There will be mentions of his gambling habits. He never met a poker table he didn't like. Also mentions of his fascination with younger women. He never met an attractive 22-year-old he didn't like. He was a major player in a big and complicated business world.