If you have a savings account you probably already know this: Your money there is losing value to inflation. Yields are so low that returns are not even keeping up with the cost of living.
I've been watching some of my own savings dwindle. And that prompted me to take up a challenge: I'm taking $5,000 from personal savings and putting it to work. I'm not a financial whiz, pundit or any kind of guru.
Group houses are becoming popular — again — among some single baby boomers, and not just for financial reasons. Marianne Kilkenny (second from right) shares her home in Asheville, N.C, with four other people.
Bonnie Moore, the founder of the Golden Girls Network, shares her five-bedroom house in Bowie, Md., with three other women in their 60s. Moore says, "It's a little bit like family, a little bit like roommates, a little bit like a sorority house."
The most unforgiving criticism in sport is directed at any athlete who fans believe is celebrated too excessively above his true talent level — especially those stars who are gloried because they're such pretty people.
Former Iranian President Akbar Hashemi Rafsanjani's candidacy for the country's presidency was rejected Tuesday by the powerful Guardian Council. He's seen here on May 11 registering his candidacy for the June 14 election.
Iran's powerful Guardian Council has disqualified two key candidates — a former president and a top aide to the current president — from running in the June 14 presidential election.
The Guardian Council, which vets all candidates, approved eight names Tuesday but left out former President Akbar Hashemi Rafsanjani and Esfandiar Rahim Mashaei, who was handpicked by President Mahmoud Ahmadinejad.
Mashaei said he would appeal the decision to the country's supreme leader; Rafsanjani did not comment.
A controversial petition by the dairy industry to allow milk sweetened with aspartame or other alternative sweeteners to be labeled on the front of the carton simply as MILK is drawing criticism from the nation's leading group of nutritionists.
It was the Senate's turn Tuesday to grill the Internal Revenue Service, or more accurately, former agency officials, about its handling of the scandal involving the targeting of conservative groups seeking tax-exempt status.
It's ALL THINGS CONSIDERED from NPR News. I'm Robert Siegel.
MELISSA BLOCK, HOST:
And I'm Melissa Block.
It has been an emotional 24 hours for the people of Moore, Oklahoma. Their city is now a federal disaster area, shattered by yesterday's deadly tornado. Meteorologists have confirmed that the tornado was a rare EF5, with winds in excess of 200 miles per hour. Entire neighborhoods are unrecognizable, trees splintered, houses gone.