National / International News

Communities, money, and membership

Marketplace - American Public Media - Fri, 2015-05-29 09:26

What's the most important community you've been a part of?

And how did it affect your life? Have you paid to be a member of a club?

We want to know! Send us an email, or reach us on Twitter, @MarketplaceWKND

Your Wallet: Communities

Marketplace - American Public Media - Fri, 2015-05-29 09:26

What's the most important community you've been a part of?

And how did it affect your life? Have you paid to be a member of a club?

We want to know! Send us an email, or reach us on Twitter, @MarketplaceWKND

Idaho's Abortion Ban Is Unconstitutional, Federal Court Says

NPR News - Fri, 2015-05-29 09:24

The case was brought by Jennie McCormack and Dr. Richard Hearn. In 2011, McCormack was arrested and faced criminal charges after she ended her pregnancy.

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Retirement: How it feels and how to pay for it

Marketplace - American Public Media - Fri, 2015-05-29 09:14

Retirement. How does it feel? And how do you pay for it?

Lizzie O'Leary talks about the psychology of retirement with Nancy Schlossberg, the author of Revitalizing Retirement: Reshaping Your Identity, Relationships, and Purpose.

"Especially for men and women who are highly invested in their work, who love what they're doing, the thought of retirement creates some anxiety," Schlossberg says. 

For financial advice, Lizzie turns to Rhonda Schaffler, the editor-at-large at TheStreet and anchor of TheStreet TV.

"You should have about 70 percent of the income that you had while you were working, so that means your expenses have to come down because you will have less money," Schaffler says. "And that, by the way, is assuming you have saved enough money. So it's a very delicate balance, and we've seen in study after study that most people aren't getting it right."

 

 

Jack Vettriano 'unable to paint'

BBC - Fri, 2015-05-29 09:14
Scottish artist Jack Vettriano announces he is giving up painting for the foreseeable future due to a recent accident.

Online courses for sixth-form advice

BBC - Fri, 2015-05-29 09:10
Three free online programmes, aimed at helping sixth-formers bridge the gap between school and university, are due to launch this summer.

Generation Z talks college and money

Marketplace - American Public Media - Fri, 2015-05-29 09:08

Generation Z is starting college.  The oldest members the group born after Millennials are graduating from high school or wrapping up their freshman year of college. 

Gen Z members, born in the late '90s to early '00s, are just beginning to grasp the economy, their finances and their future. At John Marshall High School in Los Angeles, Tia Reid, Emmanuel Reyes, Diego Jimenez and Beja Wolf are getting ready to graduate — all four are headed to college next year. 

For this cohort, who experienced a recession while they were in middle and elementary school, the economy has been unpredictable. Reid, Reyes, Jiminez and Wolf are navigating complicated methods of paying for school and juggling their personal finances.

Reyes says that even though he has a significant scholarship to UC Santa Barbara, he's already saving for next year. "I don't want to put this burden on [my parents]," Reyes says. "I know that my dad would work harder to pay for college, but I don't want to do that to him. I'm growing up, so I want to take care of things myself. I want to work, and save that little money that I do get just to get this out of the way, and eventually, I'll be the one that helps him."

Reyes works part time as a caterer to help support his family during the school year, and he's opening a bank account for the first time to manage his finances during school next year. "One of my biggest fears is going through college and investing all this money on my education and coming out without a job," Reyes says. "I want to believe that I will find a job, and I hope that's the case, that when I come out of college, there's a job waiting for me."

Reyes shares his skepticism about the job market with his classmates. Beja Wolf, who will be heading to Louis and Clark College next year, says, "I don't think I've really trusted the economy because I've been indoctrinated with this kind of cynical viewpoint of 'you're not going to get a job,' especially because in middle school and early high school we were going through a recession.... Unless you go into science or math, you're not going to get a steady paycheck out of college."

Wolf has some hope — she's seen others "find jobs out of the strangest majors that you wouldn't expect to coalesce with what they ended up doing," but says she doesn't think she'll get a good job out of college. To get her footing in an artistic career, Wolf says, "I think I'll probably have to work awhile." 

Tia Reid, who will attend Occidental College in the fall, says that she's aiming for education beyond college – she wants to be a lawyer. But she says even though "the economy is getting better ... we were in a recession, so I'm not quite sure how trustworthy [the economy] is right now." 

Reid is saving money from summer jobs. "Whenever I get money, I always put it in my bank account," she says. "For next year, I've somewhat started saving. My parents are also contributing, but the school's also helping with financial aid, so it's not that big of a burden." 

Limiting the financial burden of college can be a huge relief, especially for a generation whose members recognize the unpredictable job market that may await them. Diego Jiminez chose between Brown University and UC Berkeley based on their financial offers. "I've been pretty fortunate growing up, so there's always been money," Jiminez says. "It holds a certain importance, but it's not always the top priority in my life." Jiminez says his dad started saving for college "the day I was born." He picked Berkeley because its aid package will, with some help from his parents, make it possible for him to graduate debt free. 

"I wouldn't necessarily say that I trust the economy so much as I trust myself," Jiminez says. He acknowledges that finding a job in recent years has been difficult, but thinks "those days are kind of past us ... if you work hard, there's definitely a spot for you."

 

 

McIlroy misses cut at Irish Open

BBC - Fri, 2015-05-29 09:06
Rory McIlroy is unable to undo the damage of his opening 80 as a 71 leads to his third straight Irish Open missed cut.

VIDEO: 'I ended up in hospital from legal high'

BBC - Fri, 2015-05-29 09:03
A teenager from Wales has spoken out about the night he ended up in hospital after taking a "legal high".

First-Quarter Revision Puts GDP In The Red

NPR News - Fri, 2015-05-29 08:48

A harsh winter and burgeoning trade deficit forced the economy to contract by 0.7 percent in the January-March period.

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10 things we didn't know last week

BBC - Fri, 2015-05-29 08:34
When's the worst time to drink coffee?

Officer guilty of Brady photo deal

BBC - Fri, 2015-05-29 08:28
A security officer is convicted of smuggling a camera into a high-security psychiatric hospital to try to sell photos of serial killer Ian Brady.

Sherpa warnings after Nepal quake

BBC - Fri, 2015-05-29 08:24
Everest Sherpas say they are witnessing potentially dangerous changes in the landscape after Nepal's 7.8-magnitude earthquake and aftershocks.

VIDEO: Inside Malaysia's migrant jungle camps

BBC - Fri, 2015-05-29 08:23
Ian Pannell and cameraman Darren Conway went to migrant camps on Malaysia's border, where traffickers abused and killed Rohingya Muslims.

US spelling bee champs tie for win

BBC - Fri, 2015-05-29 08:22
The two co-champions of Thursday night's annual Scripps National Spelling Bee are sharing a trophy, marking the second year in a row the contest ended in a tie.

Germany 'hits global birth rate low'

BBC - Fri, 2015-05-29 08:12
A study says Germany's birth rate has slumped to the lowest in the world, prompting fears labour market shortages will damage the economy.

'Perverted' man jailed for sex abuse

BBC - Fri, 2015-05-29 08:05
A "perverted" man is jailed for 22 years for abusing a boy he groomed for sex in the 1970s.

Driver 'forgot where to bring drugs'

BBC - Fri, 2015-05-29 07:39
A driver allegedly told to transport up to £180,000 worth of cocaine was so inept he forgot where he was supposed to be going, a court has been told.

Tata workers vote for strike action

BBC - Fri, 2015-05-29 07:38
Tata Steel workers across the UK vote by almost 9-1 to go on strike in a row over pensions in the first national strike in the steel industry for 30 years.

Man detained over council arson spree

BBC - Fri, 2015-05-29 07:37
A man is detained in a mental health unit after setting a series of fires across Oxfordshire.

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