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...term boomerang children used to refer to young adults moving back in with their parents, but the recession is forcing people in their 30s and 40s and older - often with a spouse and kids in tow - to bunk in with the 'rents until they regain their financial footing. Since the recession began in December 2007, the U.S. has lost 3.6 million jobs. An AARP survey released in May found that more than a third of retirees have had to help a child pay bills in the past year. And the number of multigenerational households has increased from 5 million...
...staffer working in an academic department said that the current package is not generous enough to appeal to staffers below the cusp of retirement. Of the 516 FAS staffers who are eligible for the program, only 87 are 65 years of age or older, according to the package...
...would rather control my persona than to put my life or my persona in the hands of others,” he said. The talk, which was recorded by ABC’s Good Morning America as part of a special series on the Twitter phenomenon, revealed an older, more business-minded Burrell than the rapper who was known for a meteoric rise and fall in the music world. Burrell gave the audience an overview of his current business initiatives, which include DanceJam.com, a web community dedicated to publicizing dance videos, and “BurrellTime” iPhone application...
...late 2007, and a picture emerges of a Venezuelan dictator using a hollow patina of democracy to legitimize his aspirations to hold power for life. Since his victory, Chávez has already revealed his wish to remain in power until 2049, when, at 95, he would be older than his inspiration, Fidel Castro, is today. We’ll see if Venezuela’s oil wealth can last until then. For the moment, it’s clear that this new referendum is a step backward for Venezuelan democracy...
...bike sales soared from 278,000 to 1.1 million annually. Harley-Davidson rode much of that wave, chiefly with touring bikes like the brawny Ultra Classic Electra Glide (starting price: $35,499, with a 110-cu.-in. Screamin' Eagle engine and a six-speed transmission). Its patrons grew older and wealthier, but its efforts to cultivate a large base of female and younger riders have been marginally successful. (See the top 10 female sports heroes...