Banks Ease Terms for Struggling Student Borrowers

Big banks are beginning to cut some slack to distressed student-loan borrowers. Wells Fargo announced a new program this week that will lower the interest rate on loans so payments will be more affordable based on a struggling borrower’s income. The bank will review borrowers’ financial situations to determine whether they qualify for short- or long-term loan modification. >> 8 Hidden College Expenses According to the Wall Street Journal, both borrowers and cosigners will have to show financial hardship to get a modification. Modifications …

1 in 4 Didn’t Notice ID Theft for at Least 2 Years. Would You?

Identity theft is fast-moving. Are you asleep at the wheel? The sooner ID theft is discovered, the easier it is to repair the damage. And yet, one in four did not know they were victims until at least two years later, according to the Identity Theft Resource Center. That’s more than enough time to destroy your financial life  and start a new one on your dime. Sixteen percent of 201 people from 39 states who contacted the ITRC in 2013 didn’t …

Mike Nichols, Director of ‘The Graduate,’ Dies at 83

Mike Nichols, who died on Nov. 19 at age 83 in New York, might have gone down as one of the great directors in Hollywood history based upon his first two films alone. His 1966 adaptation of the Edward Albee play Who’s Afraid of Virginia Woolf? was nominated for 13 Oscars and won five. His second, 1967’s The Graduate, won him the Best Director statuette, and its witty, provocative send-up of upper-middle-class mores — set to a Simon and Garfunkel …

Why Are Some Generic-Drug Prices Soaring?

Inexpensive generic drugs have helped millions of Americans save money on brand-name medication, but lately soaring prices on some longtime generics are prompting investigations into this pricing U-turn by pharmaceutical companies. In addition, a a new AARP drug-pricing report shows retail prices for brand-name prescription drugs continue to increase. The debate over some generic price hikes has spurred the Senate Subcommittee on Primary Health and Aging to hold a hearing to review pricing on a dozen generics, and the Department …

Jimmy Ruffin: What Becomes of the Brokenhearted?

If only a casual fan of classic 1960s soul music, you might easily confuse Jimmy Ruffin with his younger brother David, who rose to much greater fame as lead singer of the Temptations. But it was Jimmy Ruffin, who passed away Nov. 17 at age 78 in Las Vegas, who scored one of the most iconic Motown hits, an anthem of lost love entitled “What Becomes of the Brokenhearted.” It climbed to No. 7 on the Billboard Hot 100 chart …

11 Things We Didn’t Know Last Week

News, discoveries and … fun 1. The world’s shortest man and tallest man both have struggled with being unique. (Learn more at Guinness World Records) 2. Iowa City, Iowa, is the most age-friendly small town in the United States. (Learn more at AARP) 3. Your physically accurate digital avatar can be used to get custom-tailored clothes.  (Learn more at Wired) >> 10 Foods to Avoid Before Boarding a Plane 4. Japan’s new bullet train travels up to 311 mph, about …