This Week in Boomer History: ‘My Fair Lady’ … Jackie O

Notable events from our shared experience During the “Saturday Night Massacre” of Oct. 20, 1973, U.S. Attorney General Elliott Richardson (left) refuses President Richard Nixon’s order to fire special Watergate prosecutor Archibald Cox and resigns in protest. Deputy Attorney General William Ruckelshaus follows suit. Solicitor General Robert Bork, the third-ranking Justice Department official, carries out the order to remove Cox. Twenty-one resolutions calling for Nixon’s impeachment are introduced in Congress. >> Famous Latino Baby Boomers In the deadliest day for …

New York Restaurant Rejects Obama’s Credit Card

Yes, even the president of the United States gets his credit card declined. As President Barack Obama signed an executive order to beef up security for government-issued credit and debit cards, he told the story of how his card was rejected at a restaurant while he was in New York last month to attend the United Nations General Assembly. >> 10 Frugal Habits of the Rich and Famous “It turned out, I guess, I don’t use it enough, so they thought there was …

Could Grandkids Help Cure Hot Flashes?

Of course you love your grandkids, but having them around may have an added health benefit if you’re a menopausal woman, new research suggests. Researchers at Indiana University and the Fred Hutchinson Cancer Research Center in Seattle found that some menopausal — and postmenopausal — women experienced fewer hot flashes and night sweats if they have children under age 13 at home. >> 7 Ways to Prevent Arthritis The study, published online in the journal Menopause, was initially focused on …

Are Lenders Driving Student Loan Borrowers Into Default?

Borrowers struggling to repay private student loans say they have little choice but to default because lenders won’t revise payments to make them affordable, according to a new report by the Consumer Financial Protection Bureau. “We are hearing from consumers that they are driven into default because private student loan companies are not providing concrete loan modification options,” CFPB Director Richard Cordray said in a statement. “Struggling private student loan borrowers are finding themselves out of luck and out of …

Arkansas Senate Candidates Brawl Over Medicare, Social Security

In their final scheduled debate, Arkansas’ two major-party candidates for the U.S. Senate vigorously slashed each other on Social Security and Medicare issues. “The game plans for both men were plain as day — [Rep. Tom] Cotton repeatedly tied [Sen. Mark] Pryor to President Obama, while Pryor said Cotton was beholden to big-money interests who didn’t share the same goals as Arkansans,” a visiting newspaper columnist wrote of the Oct. 14 exchange in Fayetteville. In contrast to recent Senate debates in other …

Elder Financial Fraud Just Keeps Getting Worse

A new survey is bringing renewed attention to the hideous crime of elder financial fraud — and the results show just how underreported it is. In a survey of 2,000 people, only 5 percent of people age 65 and up admitted to being swindled. Yet 19 percent of younger respondents (ages 40 to 64) said they knew of a family member or friend who’d been a victim of elder financial fraud, according to the survey by the Minneapolis-based life insurance …