Baby boomers, often on the cutting edge of new personal finance trends like online banking and bill paying, are lagging behind their elders on one popular banking amenity: direct deposit. A full 25 percent of baby boomers still receive their salary or other regular payments by paper check, compared with just 13 percent of people age 61 and older, a U.S. Treasury Department and Federal Reserve Bank survey found this week. That could have profound financial implications for taxpayers if baby boomers continue to scorn direct deposit of payments when they retire.
Connections is a prevailing theme for this year's Consumer Electronics Show, where more than 120,000 techies will gather in Las Vegas starting Monday to gawk at the latest and greatest gadgets and services.
U.S. News recently exchanged E-mails with Will Hutton about his new book, The Writing on the Wall: Why We Must Embrace China as a Partner or Face It as an Enemy.
AP - Days from announcing an overhaul of Iraq strategy, President Bush on Friday encountered a wall of criticism of the U.S. troop escalation that is expected to be the centerpiece of his new war plan.
AP - Iraqi forces backed by U.S. troops will begin a neighborhood-by-neighborhood assault on militants in the capital this weekend as a first step in the new White House strategy to contain Sunni insurgents and Shiite death squads, key advisers to the prime minister said Friday.
AP - Japanese and U.S. officials warned Friday of tougher measures against North Korea if the isolated communist nation conducts a second nuclear test.
The new leaders of Congress on Friday urged President Bush not to pour more U.S. troops into the war in Iraq, calling the idea "a strategy that you have already tried and that has already failed." After a meeting with President Bush, Democrat Barack Obama said: "I think he recognizes that the status quo is unacceptable."