Obama Proposes Middle-Class Tax Breaks

In his penultimate State of the Union address, President Barack Obama on Tuesday night announced wide-ranging proposals he said would improve the economic prospects of the middle class, including helping families pay for college and child care, while giving more workers access to retirement plans. To help pay for these expanded benefits, the president also wants to increase the taxes paid on inherited assets of higher-income households. Many agree that it’s a long shot the president will get his wish list — …

11 Things We Didn’t Know Last Week

News, discoveries and … fun. 1. The 24th 007 movie will feature the first 50-year-old “Bond Girl.” (Learn more at AARP) 2. President Obama has acid reflux. (Learn more at AARP) 3. Your flu shot might not protect you from half the varieties of this season’s bugs. (Learn more at AARP) 4. When the president of Ukraine seeks advice, he sometimes turns to a doll. (Learn more at Buzzfeed) 5. Smoking is unhealthy for anyone, but it’s worse for men. …

What Bill Clinton Doesn’t Get About Being a Grandparent

Bill Clinton was on the Ellen show this week talking about his new granddaughter, or as I like to call her, the other Charlotte. The former prez made some great points about grandparenting, although he and Hillary clearly haven’t spent a whole lot of time with the little one. >> 6 Ways to Be a Sexy Grandma I’m sure he’s very busy, but he seems to be holding back a little. “I told Hillary … ‘Now, we have to remember this …

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 …

University President Takes Salary Cut to Help Minimum-Wage Workers

Raymond Burse believes in spreading the wealth. The interim president of Kentucky State University is giving up more than $90,000 of his annual salary to boost pay for the school’s minimum-wage employees. “This is not a publicity stunt,” Burse told the Lexington Herald-Leader. “You don’t give up $90,000 for publicity. I did this for the people. This is something I’ve been thinking about from the very beginning.” Thanks to Burse’s generosity, lower-paid workers will immediately see more money in their …

Obama Order Blocks Federal Contracts for Age Discrimination Violators

Contractors found to have discriminated against workers because of their age or committed other recent labor-law violations will be ineligible for federal contracts under an executive order that President Barack Obama signed today. Among the worker protections in the order: Businesses with federal contracts of $1 million or more cannot require arbitration in worker disputes involving sexual harassment and certain civil rights violations. Workers also must get basic information on their paychecks, such as deductions and hours worked, so they can verify that their …