Jilian's Feed
Mar 22, 2012

Bank of PTA: Parents scramble to fill school budget gaps

(Refiling to fix headline)

By Jilian Mincer

NEW YORK, March 22(Reuters) – Rebecca Levey, co-president of
the Parent Association at the William T. Sherman School in New
York, is terrified about the school’s upcoming auction. A team
of experienced volunteers is managing the March 24 event which
will be held at a St. Paul’s the Apostle Church, and the stakes
are high.

The parent association at this Manhattan public school hopes
to raise about $300,000 from the event. That money helps pay for
a librarian, kindergarten assistants and numerous enrichment
programs – including chess and ballroom dancing – no longer
funded by the district. Overall, the parent association budget
is now $600,000, three times as much as it was when Levey’s
9-year-old twins started kindergarten at the Upper West Side
school. “The school budget really just covers staff,” she says.

Mar 7, 2012

Growing numbers work into retirement

NEW YORK (Reuters) – Kathy Frederick always assumed she would retire from her hospital administration job when she was around 60.

But as that date neared, she realized she wasn’t ready. She was healthy, enjoyed the work and liked the paycheck. So she decided to stick around. Now 65, Frederick works two days a week on special projects for Scripps Health’s human resources department in San Diego.

Mar 7, 2012

YOUR MONEY: Growing numbers work into retirement

NEW YORK, March 7 (Reuters) – Kathy Frederick always
assumed she would retire from her hospital administration job
when she was around 60.

But as that date neared, she realized she wasn’t ready. She
was healthy, enjoyed the work and liked the paycheck. So she
decided to stick around. Now 65, Frederick works two days a week
on special projects for Scripps Health’s human resources
department in San Diego.

Feb 10, 2012

For America’s hard-hit homeowners, little relief from settlement

NEW YORK, Feb 10 (Reuters) – Crystal Morello’s family
pleaded for months with their lender for a cheaper mortgage on
their family home in Belleville, Michigan. But time ran out last
summer, and they left before they were evicted.

“The bank was reassuring us that it was helping us out,”
says Morello, 26. “While we were getting a loan modification in
one department, we were getting foreclosed in another.”

Feb 3, 2012

Analysis: Some colleges cut tuition, hasten graduation

By Jilian Mincer and Stephanie Simon

(Reuters) – Even before President Barack Obama announced plans last month to push colleges to improve affordability, a number of schools beat him to the punch by lowering tuition and helping students graduate in fewer semesters.

These schools — typically small private colleges like University of Charleston, Cabrini College and Midland University that lack the cachet of top-tier colleges and compete with less expensive state schools — are bucking the widespread trend of increasing costs. In the last year, a few have cut tuition by as much as 20 percent. Others promise that students will earn their degree in four years or the college will pick up the cost of additional coursework.

Jan 26, 2012

Pension shortfalls a stark corporate challenge

NEW YORK, Jan 25 (Reuters) – With worries about the
debt crisis in Europe and high unemployment in the United States
drawing the public’s attention, the sliding value of corporate
pension funds has largely gone unnoticed.

The problem came into stark relief on Wednesday, when Boeing
Co (BA.N: Quote, Profile, Research) joined a raft of U.S. companies that have announced
hefty cash injections into underfunded pension plans, including
General Electric Co (GE.N: Quote, Profile, Research), DuPont (DD.N: Quote, Profile, Research), Alcoa Inc (AA.N: Quote, Profile, Research),
Honeywell International Inc (HON.N: Quote, Profile, Research) and Raytheon Co (RTN.N: Quote, Profile, Research).

Jan 26, 2012

Analysis: Pension shortfalls a stark corporate challenge

NEW YORK (Reuters) – With worries about the debt crisis in Europe and high unemployment in the United States drawing the public’s attention, the sliding value of corporate pension funds has largely gone unnoticed.

The problem came into stark relief on Wednesday, when Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) joined a raft of U.S. companies that have announced hefty cash injections into underfunded pension plans, including General Electric Co (GE.N: Quote, Profile, Research, Stock Buzz), DuPont (DD.N: Quote, Profile, Research, Stock Buzz), Alcoa Inc (AA.N: Quote, Profile, Research, Stock Buzz), Honeywell International Inc (HON.N: Quote, Profile, Research, Stock Buzz) and Raytheon Co (RTN.N: Quote, Profile, Research, Stock Buzz).

Jan 17, 2012

U.S. recovery at risk as Americans raid savings, borrow again

NEW YORK (Reuters) – More than four years after the United States fell into recession, many Americans have resorted to raiding their savings to get them through the stop-start economic recovery.

In an ominous sign for America’s economic growth prospects, workers are paring back contributions to college funds and growing numbers are borrowing from their retirement accounts.

Jan 17, 2012

Insight – U.S. recovery at risk as Americans raid savings

NEW YORK (Reuters) – More than four years after the United States fell into recession, many Americans have resorted to raiding their savings to get them through the stop-start economic recovery.

In an ominous sign for America’s economic growth prospects, workers are paring back contributions to college funds and growing numbers are borrowing from their retirement accounts.

Jan 17, 2012

Insight: Recovery at risk as Americans raid savings

NEW YORK (Reuters) – More than four years after the United States fell into recession, many Americans have resorted to raiding their savings to get them through the stop-start economic recovery.

In an ominous sign for America’s economic growth prospects, workers are paring back contributions to college funds and growing numbers are borrowing from their retirement accounts.