Working at 76: Inflation forces hard choice for older adults
An AARP report released last month showed more than a third of people 65 and older described their financial situation at midyear as worse than it was 12 months before.
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Lawmakers quick to unload FTX founder’s contributions
More than four dozen current and incoming lawmakers received millions of dollars of campaign contributions from Samuel Bankman-Fried—a group that included members of both political parties and chambers of Congress, but predominantly House Democrats.
Incoming NCAA president has embraced role of problem-solver
Charlie Baker, the next leader of the largest college sports governing body in the country, is stepping into a hornet’s nest of a job that will likely tap every political skill in his bag.
Retail sales drop at start of key holiday shopping season
Americans cut back on retail spending last month as the holiday shopping season began, with high prices and rising interest rates forcing families to make harder decisions about what they buy.
Massachusetts Gov. Charlie Baker to be next NCAA president
Current president Mark Emmert announced he would step down earlier this year after 12 years of leading the NCAA through a tumultuous time.
Trump Org. was secretly held in contempt for hindering probe
The Trump Organization was found to have been “willfully disobeying” four grand jury subpoenas and three court orders by repeatedly failing to turn over evidence in a timely fashion.
Fed raises key rate by half-point, signals more hikes to come
Consistent with a sharp slowdown, Fed officials projected that the economy will barely grow next year, expanding just 0.5%, less than half the forecast it had made in September.
Company holiday parties are back, but with some restraint
More than 57% of companies are planning in-person holiday celebrations this year, according to a survey conducted by Challenger, Gray & Christmas, a hiring firm. That’s a big leap from the past two years.
Fed set to extend inflation fight with 7th rate hike of 2022
The six rate hikes the Fed has already imposed this year have raised its key short-term rate to a range of 3.75% to 4%, its highest level in 15 years.
United places huge order with Boeing to replace aging planes
The massive order—United called it the biggest ever by a U.S. airline for twin-aisle or “widebody” planes—is a bold move for an airline that lost money throughout the pandemic until the middle of this year.
U.S. study: More than half of car crash victims had drugs in system
Although the study authors say the results can’t be used to gauge drug use on the roads nationwide, they say the high number of drivers, passengers and other road users with drugs in their systems is concerning.
Indiana appealing second court decision blocking abortion ban
A second legal challenge that has blocked Indiana’s abortion ban from being enforced could also be headed to the state Supreme Court.
FTX’s Bankman-Fried charged by U.S. for ‘scheme’ to defraud
Bankman-Fried, 30, was arrested Monday in the Bahamas at the request of the U.S. government, which charged him with eight criminal violations, ranging from wire fraud to money laundering to conspiracy to commit fraud.
Purdue hires Illini coordinator Ryan Walters as new football coach
University of Illinois defensive coordinator Walters becomes the fourth-youngest coach in the Bowl Subdivision by joining Purdue as head coach.
Fusion breakthrough could be energy, climate game-changer
Energy Secretary Jennifer Granholm announced a “major scientific breakthrough” Tuesday in the decades-long quest to harness fusion, the energy that powers the sun and stars.
Twitter disbands its Trust and Safety advisory group
The advisory group of around 100 independent civil, human rights and other organizations was formed in 2016 to address hate speech, child exploitation, suicide, self-harm and other problems on the platform.
Bird flu found in Indiana snow geese, suspected in turkey flock
Statewide, 10 commercial flocks of turkeys and ducks have tested positive for bird flu this year, the Indiana State Board of Animal Health said.
Hoosiers urged to get flu vaccine amid surge in cases
Indiana Hospital Association President Brian Tabor said Indiana’s hospitals are experiencing significant patient caseloads due to the many respiratory illnesses now circulating, including the flu, COVID-19 and respiratory syncytial virus, or RSV.
Diminished U.S. workforce could lead Fed to keep interest rates high
In a recent speech, Federal Reserve Chair Jerome Powell pointed to the shortfall of workers and the resulting rise in average pay as the primary remaining driver of the price spikes that continue to grip the economy.
Shoppers, workers clash over post-pandemic expectations
Many retail workers are fed up and don’t want to go back to their pre-pandemic work environments. They are demanding better schedules, and sometimes even quitting their jobs altogether.