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New research shows women are more optimistic about aging and retirement than ever.Jane Lafave is using retirement to follow her passion. She volunteers at a refugee resettlement agency, making sure people are prepared when applying for jobs.Ironically, it took her leaving her job, to be able to do this.“My whole career really was balancing my children and my husband, you know, my work and all that kind of thing,” Lafave says.Lafave spent decades working as a certified public accountant, and she retired at the age of 57.“It was just time,” she says. “I needed more time and space in my life to do things other than work.That led her to the Ignatian Volunteer Corps, which placed her at the African Community Center.For two days a week, she helps refugees adjust to life in a new country.“This is just a great gift for me to serve other people who have had a much harder life than I’ve had,” Lafave says.Lafave isn't alone.A new survey from TD Ameritrade found women are increasingly viewing their retirement years with optimism.“The Women and Aging Survey” found 62 percent of women said retirement will be, "the most liberating phase of my life," and 72 percent said after years of focusing on others, aging finally gives them an, "opportunity to focus on myself." Eighty-three percent said aging provides a fresh chance to "reach new goals."Nearly 9 of 10 women surveyed said, 'it's important to me to retain a sense of higher purpose as I age.“I feel that this is my time in life to give back,” Lafave says.That's what she is doing here.“I think that's one of the gifts of age is that we've become much more aware of purpose and the time is short and we need to use it.” 1686
NEW YORK (AP) — Lord & Taylor is seeking bankruptcy protection, as is the owner of Men’s Wearhouse and Jos. A. Bank, lengthening the list of major retail chains that have faltered in the COVID-19 pandemic.Household retail names, many longtime anchors in malls nationwide, were already struggling to keep up with a radical reformation in what people buy, and where they buy it. Much of that activity has moved online.Thousands of store closures forced by the arrival of COVID-19 has proved too much.Lord & Taylor, which began as a Manhattan dry goods store in 1824, was sold to the French rental clothing company Le Tote Inc. last year. Both filed for bankruptcy protection, separately, in the Eastern Court of Virginia on Sunday. 745
NEW YORK (AP AND CNN) — A sharp loss for Facebook is helping to pull technology companies lower as stock indexes decline in early trading.Facebook slumped 5.3 percent early Monday. The company is facing new criticism following reports that a data mining firm employed by the Trump campaign improperly kept data on tens of millions of users.CNN reported that that Cambridge Analytica, a data firm with ties to President Donald Trump's campaign, reportedly gained access to information about 50 million Facebook users.The data was collected by a professor for academic purposes in accordance with Facebook rules, the company said. But then the information was transferred to third parties, including Cambridge Analytica. The transfer violated Facebook policies.Facebook's stock was on pace for its biggest loss in four years. The sharp loss also dragged tech companies lower for as U.S. stock indexes skid. Chipmaker Nvidia lost 1.1 percent.Shopping mall owner GGP was unchanged percent after Reuters reported the company had received a revised takeover offer.The S&P 500 fell 17 points, or 0.6 percent, to 2,734.The Dow Jones industrial average lost 174 points, or 0.7 percent, to 24,772. The Nasdaq fell 69 points, or 0.9 percent, to 7,412.Bond prices fell. The yield on the 10-year Treasury rose to 2.86 percent. 1360
NEW YORK (KGTV) -- An explosion in Queens, New York turned the sky an eerie shade of blue Thursday night. Video posted on social media shows the sky glowing a light blue color as an explosion could be seen off in the distance. WABC reported that the incident was caused by a transformer explosion at a power plant. Utility company Con Edison spokesman Bob McGee told the Associated Press what happened was an "arc flash" — somewhat like a bolt of lightning — after a malfunction in equipment that carries 138,000 volts of electricity 20 feet (6 meters) up in the air. He said the flash subsided on its own.The incident sparked a power outage at LaGuardia Airport, forcing the FAA to issue a ground stop. Watch video in the player below: Transformer fire in Queens? #firequeens New York pic.twitter.com/joRJ2OEckm— Jānis Lībeks (@JanisLibeks) December 28, 2018 867
NEW YORK — A judge says Mary Trump can talk about the highly critical book she wrote about her uncle over the objections of President Donald Trump's brother. The ruling was issued late Monday by Judge Hal B. Greenwald in Poughkeepsie. The judge reversed orders he had issued temporarily blocking Mary Trump and her publisher, Simon & Schuster, from publishing or distributing a tell-all book about the president. An appeals judge had already lifted the order blocking Simon & Schuster. The book, “Too Much and Never Enough: How My Family Created the World’s Most Dangerous Man,” was originally to be published at the end of July. The publisher announced last week it would be published Tuesday. Simon & Schuster and a lawyer for Mary Trump praised the ruling. 779
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