National / International News

Despite Va. Order, Car Services Uber, Lyft Refuse To Pull Over

NPR News - Fri, 2014-06-06 12:33

The smartphone-linked services have run afoul of taxi drivers who accuse them of having lax insurance and background checks.

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Will Rick Perry Take Another Swing At The Presidency?

NPR News - Fri, 2014-06-06 12:31

The long-serving Texas governor may be stepping down, but that doesn't mean his political career is over. There's still "tread left in our tires," says his wife.

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Hollande calls for 'D-Day spirit'

BBC - Fri, 2014-06-06 12:28
The French president calls for "vision and courage" to fight global threats to peace at a ceremony marking 70 years since the Allied D-Day landings in Normandy.

President Obama's Globe-Trotting, By The Numbers

NPR News - Fri, 2014-06-06 12:25

Which countries has President Obama visited the most during his presidency? France and Mexico. His current visit to France is his fifth as president.

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Former Boxer Steps Up As Kiev Mayor, Spars With Remaining Activists

NPR News - Fri, 2014-06-06 12:13

Former world heavyweight boxing champ Vitaly Klitchko is now set to become mayor of Kiev. In his first major move, Klitchko is asking activists in Independence Square to pack up their tents and allow the square to return to normal. Some activists are resisting, warning that one presidential election doesn't guarantee the success of their revolution — or do justice to the martyrs who were killed there.

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On A Day Of Looking Back, Talks Move Forward On Ukraine

NPR News - Fri, 2014-06-06 12:13

President Obama and Russian President Vladimir Putin met during a ceremony to commemorate the anniversary of D-Day. On the same day, Putin met with new Ukrainian President-elect Petro Poroshenko.

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In May Jobs Report, A Milestone: A Return To Pre-Recession Levels

NPR News - Fri, 2014-06-06 12:13

The May jobs report showed steady job creation. Payrolls expanded by 217,000, and unemployment held steady at 6.3%. And there was a milestone: The U.S. economy now has slightly more jobs than it did in December 2007, when the last recession began.

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Allies Land Again In Normandy, This Time To Honor D-Day Vets

NPR News - Fri, 2014-06-06 12:13

On the 70th anniversary of the D-Day landings in France, President Obama joined with other allied leaders in commemorating veterans and those who lost their lives in the pivotal battle there.

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An Open, Dark Secret: Ireland Reacts To Mass Grave Of Children

NPR News - Fri, 2014-06-06 12:13

The bodies of hundreds of children were recently discovered in the Irish town of Tuam, left behind a former home for unmarried mothers. Alison O'Reilly of The Irish Mail broke the story, and she speaks with Robert Siegel about the mass grave and reactions to the news.

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Who Shot Pakistan's Star News Anchor? Some Point To Spy Agency

NPR News - Fri, 2014-06-06 12:13

Pakistan's biggest media house and the country's spy agency, Inter-Services Intelligence, have been embroiled in conflict recently. Geo TV alleged that ISI tried to kill the network's anchor, who was shot and badly injured in April. Now, government regulators have intervened, banning Geo for two weeks.

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For Americans Held In Honduras, Daily Fines And Decrepit Conditions

NPR News - Fri, 2014-06-06 12:13

Six Americans have been detained in Honduras for the last month, jailed on suspicion of smuggling arms. The Americans claim the guns they carried were for personal protection against pirates as they cleared logs to give locals better access to fishing sites.

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Welsh veterans mark D-Day landings

BBC - Fri, 2014-06-06 12:12
Welsh veterans of the D-Day landings are in northern France to mark the 70th anniversary of the Allied invasion of occupied Europe.

Tesla hints at technology giveaway

BBC - Fri, 2014-06-06 12:06
Tesla chief executive Elon Musk gives the strongest hint yet that the firm is considering giving away technology to help speed up electric car development.

Weekly Wrap: A surprise-free 217,000

Marketplace - American Public Media - Fri, 2014-06-06 12:05

Jo Ling Kent of Fox Business and Felix Salmon of Fusion joined Kai Ryssdal to talk about the week's news. Hear their whole conversation in the audio player above.

Some highlights on the May unemployment report:

Felix Salmon:

"[It's] exactly the same as it has been for the past couple of months... it's not spectacular, we're getting better... no surprises."

Jo Ling Kent

"This may be when the Feds starts to think more aggressively about raising those rates eventually... it's interesting... Manufacturing jobs. Good."

Kent on the ECB and negative interest rates:

"This could be an opportunity for small and medium businesses in Europe, pushing money into their hands... could be good for US companies like Boening and big companies like that..."

 

Hamilton on top in second practice

BBC - Fri, 2014-06-06 11:50
Britain's Lewis Hamilton leads Mercedes team-mate Nico Rosberg in second practice at the Canadian Grand Prix in Montreal.

Six expert secrets to a successful Social Security strategy

Marketplace - American Public Media - Fri, 2014-06-06 11:38

There’s an anecdote Mary Beth Franklin likes to tell about the office of the Social Security Administration having a dartboard with her face on it.

Franklin, an author and contributing editor at Investment News, has spent years exposing helpful secrets about how people can maximize their Social Security dollars. She says that’s information you likely won’t get if you give your local SSA office a jingle – at least, not without the run around – and it’s becoming increasingly difficult for people to understand the right moves to make concerning Social Security. Even the estimate of benefits statements that used arrive in the mail every year were cut from the SSA’s budget in 2011

And so, Marketplace Money and Mary Beth Franklin have come together to present to you the unofficially unofficial Franklin Guide to Scheming a Stellar Social Security Strategy in 6 Easy Steps.

No, really, they’re pretty easy. 

Step 1: Recognize that Social Security isn’t what it used to be (read: simple).

“You retired at 62. You took your Social Security benefits. End of story,” says Franklin. “But that was in the days when people actually quit work at 62. They might’ve had a pension and they probably weren’t going to live 30 years in retirement like a lot of today’s retirees will.”

 Step 2: Commit to making a Social Security strategy.

Franklin says, “Now in an era of disappearing pensions, [and] record low interest rates where you’re getting diddly squat on your CDs at the bank, you really need to make the decision of how and when to claim Social Security in a way that’s going to benefit you. And what will surprise most people is your decision… could mean the difference of thousands of dollars a year on your benefit. And for a married couple, we are talking the difference of more than $100,000 over their joint lifetime. That’s real money.”

 Step 3: Know the basics rules of claiming Social Security.

 “Anybody can claim a Social Security retirement benefit as early as age 62, but their benefit will be permanently reduced for the rest of their lives,” explains Franklin. “ If your normal retirement age is 66 and you take it at 62, you get a permanent 25% hair cut. If your full retirement age is 67 and you take it at 62, you get a 30% hair cut. This is a big deal considering Social Security for most Americans going forward is going to be the only source of guaranteed, cost-of-living adjusted retirement income they’ll ever see.” To determine your normal retirement age (also known as full retirement age), use this simple tool found at www.ssa.gov.

 Step 4: Understand that playing the waiting game isn’t for everyone.

Holding out on claiming Social Security to increase benefits generally works, according to Franklin.  However, “the idea of delaying a SS benefit until it’s worth more later is a little bit like the lottery: You must be present to win. If you’re in a state of health where you may not make it to the average life expectancy, which is closer to 80 or beyond for most people, don’t delay. It’s not going to be in your best interest. But if you’re relatively healthy you can expect to live a long and delaying your benefit until it’s worth more later is really smart.”

 Step 5: Remember there are huge benefits of waiting to claim, if you can afford to.

“For every year you postpone collecting your Social Security benefit beyond your full retirement age up until age 70, you get an extra 8 percent per year,” says Franklin. “That means if you wait til 70, you’re going to get a 32 percent bump in your Social Security benefit and that means you’ll have a larger benefit going forward, and each year when you get an annual cost of living adjustment, it’s going to be that much bigger.”

 Step 6: Don’t worry too much if you pick the wrong strategy.

There are a couple of options should you need a “do-over,” says Franklin. “If you are in 12 months of first claiming Social Security benefits, you can change your mind, say ‘Nevermind I am going to withdraw my application for Social Security benefits,’ but you have to pay back everything you’ve received. But if you missed your 12 month window, you may be out of luck. People also don’t realize that once they’ve reached their full retirement age (66), you can voluntarily suspend your benefit. Now that means you wouldn’t get any benefit temporarily, but if you suspend your benefits, you earn those 8 percent per year delayed retirement credits between 66 and 70.”

Click the audio player above for more on successfully strategizing your personal Social Security plan of attack, including information on how to factor in medical expenses and what young people should think about long before retirement age. And if you’ve got your Social Security strategy all figured out, tell us how you did it. Leave a comment below or tweet us @LiveMoney.

North Dakota's Gay-Marriage Ban Challenged In Federal Court

NPR News - Fri, 2014-06-06 11:37

The state had been the only one to have its voter-approved same-sex prohibition go unchallenged in the courts. On Friday, seven couples filed suit to change that.

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R U Ready To Quit Smoking? Texting Can Help

NPR News - Fri, 2014-06-06 11:18

For smokers hoping to quit, text messages with tips and reminders may be just as effective as phone counseling, a study finds. Texts doubled the success rate compared with people who didn't text.

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@CIA Tweets; Internet Explodes In Not-So-Covert Sarcasm

NPR News - Fri, 2014-06-06 11:00

The agency has probably been on Twitter before, but its first public tweet was cloaked in tongue-in-cheek humor.

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VIDEO: Getting women back to work

BBC - Fri, 2014-06-06 10:41
In the US, as many as 40% of very highly educated women leave the work force for a period of time. The BBC's Samira Hussain looks at firms trying to help them get back to work.
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