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Former President Barack Obama announced Thursday morning that his new book, "A Promised Land," will be released on Nov. 20."There's no feeling like finishing a book, and I'm proud of this one. In A Promised Land, I try to provide an honest accounting of my presidency, the forces we grapple with as a nation, and how we can heal our divisions and make democracy work for everybody," Obama said in a Tweet Thursday.According to the book's website, the new release will be the first volume of Obama's presidential memoirs and it will cover his story from a young man to the first Black president.The book describes "in strikingly personal detail both his political education and the landmark moments of the first term of his historic presidency—a time of dramatic transformation and turmoil."The description also said that Obama will reflect on his presidency and bring readers inside the White House."'A Promised Land' is extraordinarily intimate and introspective—the story of one man's bet with history, the faith of a community organizer tested on the world stage," the website reads.In 2018, former First Lady Michelle Obama released her memoir, "Becoming," which became the top-selling book of the year and lead to a nationwide tour and Netflix documentary.Obama has written three other books — "Dreams from my Father" which came out in 1995, "The Audacity of Hope" in 2006 and a children's book, "Of Thee I Sing" in 2010.This story was originally published by Max White on WXYZ in Detroit. 1502

Financial fallout from the pandemic is hitting millennials hard — and many will soon turn to their parents for help, if they haven’t already.Before parents ride to the rescue, financial planners urge them to map out a strategy that doesn’t just plug a short-term need but also makes sense in the long run.“Often the heartstrings will get pulled — ‘I really have to help them!’— but it can be detrimental to the parent,” says certified financial planner Jeffrey L. Corliss of Westport, Connecticut.(Of course, financial aid can flow the other way, as many millennials help support their parents. I’m addressing parents here, but most of the advice applies to kids helping their folks as well.)Millennials losing jobs, incomeEven before the pandemic, millennials had lower median incomes, far more debt and a much smaller slice of the nation’s wealth than boomers had at the same age. Millennials — usually defined as those ages 24 to 39 — are more likely than older generations to have lost jobs or household income because of the pandemic, various surveys show.“I’ve already seen clients coming in, worried about their kids,” says CFP Deborah Badillo of Miami. “‘They’re going to lose the house! What can I do to help them?’”Have them explore alternativesEncourage your kids to take full advantage of available financial help before extending yours, Badillo says. They may not know, for example, that unemployment benefits have been dramatically expanded because of the pandemic. Weekly payments are higher and are available to people who normally wouldn’t qualify, including gig workers, the self-employed and people whose hours have been reduced.In addition, there are many more options for people struggling to pay debt. Most mortgages qualify for forbearance programs that allow homeowners to skip payments for up to a year. Hardship programs have been added or expanded by credit card companies and other lenders. Federal student loan payments have been paused until Sept. 30, and income-driven programs can reduce payment amounts after that.Another option is a coronavirus hardship withdrawal, which allows people to tap their IRAs and 401(k)s without penalty if they were physically or financially affected by COVID-19. The withdrawals are taxable, but if the money is paid back within three years those taxes are refundable. Raiding retirement funds isn’t ideal, of course, but your kids have many more years to replenish their retirement savings than you do.Assess your own situationWhile your kids are filing for unemployment and calling their lenders, take a moment to assess your own finances. Where will the cash for your kids come from? It’s one thing to give away money you’ve been saving for a vacation, since you’re unlikely to travel soon anyway. It’s quite another to undermine your own ability to retire or handle a layoff or other setback.Some parents make a conscious decision to operate with a smaller cushion, or to delay their retirements, to help their children, says CFP Lazetta Rainey Braxton in New York. Just keep in mind that you may not get to decide when you retire. Many workers retire earlier than expected, often because of a health problem or job loss. Helping your children now could mean you have to lean on them later, Braxton says. If you’re not sure how this financial aid will impact your future finances, a consultation with a fee-only financial advisor could bring you some clarity.Set some boundariesFinancial planners typically recommend deciding how much to give, and then setting clear boundaries about when the financial help will end. That’s tricky now, of course, because no one knows how long the current economic crisis will last.But parents can still set expectations in other ways, financial planners say. If the child didn’t have an emergency fund, for example, parents can discuss the importance of saving money out of every future paycheck, so the child won’t have to rely on family help again, Braxton says.“Some parents will just put on a Band-Aid and give them money, but they really haven’t helped in terms of their financial capacity,” Braxton says.If an adult child is moving back home, Corliss suggests a written contract outlining chores and responsibilities, such as how soon they’ll be expected to move out after finding a job. A similar end date can be set for any cash the parents hand out. Corliss says the message should be clear: “We expect you to get on your feet as soon as you can.”This article was written by NerdWallet and was originally published by The Associated Press.More From NerdWalletMortgage Relief Programs for Homeowners Hit by the Coronavirus CrisisWhat Is a Credit Card Hardship Program?Cashing Out a 401(k) Due to COVID-19? Consider These Things FirstLiz Weston is a writer at NerdWallet. Email: lweston@nerdwallet.com. Twitter: @lizweston. 4841

For the first time in three decades, Best Buy has a new logo.The electronics store launched its new-look logo Wednesday to make it "more modern and easier to read, especially in today's digital world.""The updated logo is true to our heritage, but it's really cleaned up," said Best Buy chief marketing officer Whit Alexander, in a statement. "It's an evolution toward the future, and we're excited about that."The redesigned Best Buy logo still features a yellow tag, but the words "Best Buy" have been pulled out of the tag, and the tag has been shrunk.The new logo is already in use on the Best Buy website and Twitter account. The company said it's also being featured in advertising, and it will soon appear on uniforms, shopping bags, and signs.Best Buy is expected to report quarterly earnings on May 24.  825

Former Mets great Tom Seaver, a member of the 1992 Baseball Hall of Fame class, has died at the age of 75, the Baseball Hall of Fame announced on Wednesday.The Hall of Fame said Seaver died in his sleep due to complications from Lewy body dementia and COVID-19.Seaver was a 13-time All Star and three-time Cy Young Award winner. He won a World Series title in 1969 with the Mets, and won all three of his Cy Young Awards with the Mets, during his tenure with the club that spanned from 1967 through 1977.He also joined the Reds in 1977 and stayed with the team until 1982. After a return to the Mets in 1982, Seaver finished his career with stints with the White Sox and Red Sox.With 311 victories, Seaver is one of just 24 MLB pitchers to win 300 games.Baseball commissioner Robert Manfred issued a statement following Wednesday's news."I am deeply saddened by the death of Tom Seaver, one of the greatest pitchers of all-time," Manfred said. "Tom was a gentleman who represented the best of our National Pastime. He was synonymous with the New York Mets and their unforgettable 1969 season. After their improbable World Series Championship, Tom became a household name to baseball fans – a responsibility he carried out with distinction throughout his life." 1268

First lady Melania Trump was released from the hospital Saturday morning, her office confirmed."The first lady returned home to the White House this morning. She is resting comfortably and remains in high spirits," said Stephanie Grisham, the first lady's communications director. "Our office has received thousands of calls and emails wishing Mrs. Trump well, and we thank everyone who has taken the time to reach out."Trump has been recuperating at Walter Reed National Military Medical Center since she underwent a kidney embolization procedure on Monday. Grisham said Monday that the first lady was expected to stay in the hospital for the duration of the week.Pressed for more information about the first lady's condition and why she stayed in the hospital five nights after what was possibly a routine kidney procedure, Grisham pushed back on reports speculating about Trump's health. 898