Americans Are Spending More and More on Rental Housing

Washington — The affordable housing crisis many renters face today in the U.S. feels like a product of this particular moment. The homeownership rate has tumbled since the housing bubble, pushing more and more people into rentals. Thanks to the recession, new construction hasn’t kept pace with population growth. The weak economy has meanwhile made it hard for families to cover their rent. To top it off, more people are moving to...

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Poll: Burden of Child Care Is Shaping Careers
Aug09

Poll: Burden of Child Care Is Shaping Careers

Washington — More than three-quarters of mothers and half of fathers in the United States say they’ve passed up work opportunities, switched jobs or quit to tend to their kids, according to a new Washington Post poll. While it has long been clear that finding affordable, dependable child care is a daily challenge for parents of young children, the new poll provides rare data on the breadth of the problem and how it’s shaping careers...

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Activist Takes A Big Bite of Oreo Maker
Aug09

Activist Takes A Big Bite of Oreo Maker

New York — The maker of Oreo cookies may again be the target for a shake-up as “Big Food” companies scramble to transform amid changing tastes. Activist investor Bill Ackman’s Pershing Square said last week it took a 7.5 percent stake in snack maker Mondelez International Inc. that was worth about $5.5 billion. The disclosure comes as Mondelez, which also makes Ritz crackers, Cadbury chocolates and Trident gum, had already been...

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Tough Choices as Elder Care Cost Soars
Jul21

Tough Choices as Elder Care Cost Soars

New York — Doris Ranzman had followed the expert advice, planning ahead in case she wound up unable to care for herself one day. But when a nursing-home bill tops $14,000 a month, the best-laid plans get tossed aside. Even with insurance and her Social Security check, Ranzman still had to come up with around $4,000 every month to cover her care in the Amsterdam Nursing Home in Manhattan. “An awful situation,” said her daughter, Sharon...

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Google Stock Hits New High

San Francisco — Google’s stock reached its all-time high, after new Chief Financial Officer Ruth Porat signaled plans to bring more restraint to spending at the Internet search giant. Google shares rose 16 percent to close at $699.62 in New York on Friday, marking their biggest gain since April 2008. The advance added $65 billion to the company’s market value and put the stock up 30 percent this month. Profit and sales topped...

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