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THE WEEK 01/17/2019 14:04
A growing number of young professionals are trying to leave the work world before they're 40, said Steven Kurutz at The New York Times . Looking for "a way out of soul-sucking, time-stealing work," they are embracing the burgeoning FIRE movement — "financial independence, retire early." FIRE evangelists "geek out calculating compound interest" to maximize their savings and find the formula that lets them move from places such as Silicon Valley to more affordable towns. Variations abound: There are advocates of "lean FIRE," who believe in extreme frugality, "fat FIRE" who hold on in the work world long enough to keep up a higher standard of living, and even "barista FIRE," who quit stressful jobs but work at Starbucks part-time for the healt.
THE WEEK 01/17/2019 14:04
Americans are increasingly entering their years of retirement carrying a heavy load of debt, said Susan Tompor at the Detroit Free Press . Sixty-eight percent of households headed by someone 55 or older now have outstanding loans, up dramatically from 53 percent two decades ago. Americans ages 60 to 69 now owe $2 trillion, including six times as much student loan debt as they had in 2004. The numbers have skyrocketed even though "the safety net of a pension and retiree health care from an employer-sponsored plan is not the scenario many people are looking at." As house prices have risen, some people have put off purchasing a home until their 40s or 50s, leaving them with mortgage loans still unpaid heading into retirement. Today, 41 percent.
THE WEEK 01/17/2019 13:55
The Trump administration has owned up to taking 2,737 migrant children from their families after they crossed the border. A government report shows that number is probably way off. Family separation is largely attributed to Trump's "zero tolerance" immigration policy, and previous counts usually just included children split from their parents after the policy took effect in spring 2018. But the Office of Refugee Resettlement actually saw a "steep increase" in family separations that started in summer 2017, a report issued Thursday by the Department of Health and Human Services' Inspector General says. "Thousands of children may have been separated" during that time, the report says — and the government never tracked just how many. Even befo.
THE WEEK 01/17/2019 11:47
A Democratic member of Congress is doubling down on her claim that her Republican colleague has been "compromised.". Rep. Ilhan Omar (D-Minn.) was questioned on CNN Thursday morning about her tweet from the previous day, in which she said that Sen. Lindsey Graham (R-S.C.), once a critic of President Trump but now a supporter, "is compromised!" On Thursday, she repeated that statement and said that Graham has made "not only a 180 [degree] turnaround but a 360 [degree] turnaround" in terms of his Trump support, and so "I am pretty sure there is something happening with him.". As far as what that something is, she wasn't sure but speculated it could be "something that has to do with his funding when it comes to running for office," or "the polli.
THE WEEK 01/17/2019 09:43
The U.S. House has impeached three presidents in the past: Bill Clinton, Richard Nixon, and Andrew Johnson. The Senate declined to convict any of them (or, in Nixon's case, didn't get the chance before he resigned). The Clinton impeachment was so disastrous that few lawmakers are eager to return to the constitutionally prescribed remedy for egregiously bad or corrupt presidents. But as this partial government shutdown approaches its one-month mark, it seems impeachment isn't such a fringe idea anymore. In the March issue of The Atlantic , senior editor and former history teacher Yoni Appelbaum makes a surprisingly persuasive argument that Congress has an urgent duty to impeach President Trump before he can further undermine "the very founda.
THE WEEK 01/17/2019 08:00
1. House Speaker Nancy Pelosi (D-Calif.) on Wednesday urged President Trump to delay his Jan. 29 State of the Union address , citing security constraints linked to the partial government shutdown that enters its 27th day on Thursday. "Sadly, given the security concerns and unless government reopens this week, I suggest that we work together to determine another suitable date after government has reopened," Pelosi said. She said Trump also could consider delivering the address to Congress in writing. Pelosi's proposal demonstrated the new dynamic now that Democrats have taken control of the House and have newfound power to frustrate Trump's agenda. Republicans accused Pelosi of playing politics to obstruct Trump. Homeland Security Secretary
THE WEEK 01/17/2019 06:03
Nancy Pelosi knows how to hit President Trump where it hurts. With the government shutdown dragging on, the speaker of the House on Wednesday sent a letter suggesting Trump "reschedule" his scheduled State of the Union address, or maybe even just send it over to Capitol Hill in written form, like a book report.
THE WEEK 01/17/2019 05:55
Over its two millennia, the Catholic Church and other Christian denominations have provided a moral framework and powerful force for the development of Western civilization. As institutions, they created room in a dangerous world for art, science, political development, and national alliances. These influences took root imperfectly and slowly, to be sure, but Christianity provided the framework around which the modern West rose and our understandings of morality and freedoms blossomed. But what can the Catholic Church now teach us about a global populist movement that may rewrite the direction of political thought in the West? "Populism is an ancient malady," Father Rocco D'Ambrosio told Crux 's Claire Ciangravé ahead of his "Power and Popu.
THE WEEK 01/17/2019 05:55
Republicans have a new talking point. Over the next few months or years, expect to hear more from the right about "the dignity of work." It's part of a concerted effort to rebrand the GOP as a right-wing labor party. With unions in shambles and progressives at cultural loggerheads with America's working class, the Republicans are now poised to seize the mantle of Samuel Gompers and Cesar Chavez. From an electoral perspective, this may be a good strategy for Republicans. By recasting itself as the new labor party, the GOP will likely lose some affluent middle-class voters, but it stands a chance of retaining the white working class and social conservatives, while also elevating its tone enough to attract at least a few others. That might be
THE WEEK 01/17/2019 05:45
A queen locked in a bloody war against her power-hungry daughter. A grande dame struggling to keep her subjects alive. A princeling abducted from his parents by a jealous emperor. Each could easily be subplots in Game of Thrones , but these stories instead make up three of the five episodes in BBC America's new nature documentary series, Dynasties. Cleverly focusing on the ruling family unit as it exists in nature, the show's twist on the natural history genre makes Dynasties as gripping as any human royal drama, fictional or otherwise. Four years in the making, Dynasties comes from the same group behind the beloved productions Planet Earth II and Blue Planet II. Each of the five hour-long episodes are presented by the inimitable 92-year-ol.
THE WEEK 01/17/2019 05:35
Former President Barack Obama's legacy looms over the 2020 Democratic primary. He was always overwhelmingly popular among Democrats and since leaving office he's become more broadly liked among the rest of the non-Republican population due to a post-presidential glow and the jarring contrast he makes with President Trump. However, a persistent core of critics (myself included) argue both his political ideology and his policy record were badly mistaken. As T.A. Frank writes , this raises a question: How will the party and its 2020 contenders deal with Obama? Will they defend his legacy, forthrightly debate its shortcomings, or just ignore the issue entirely? I would bet a large sum that most will choose Door No. 3 — but that the party will q.
THE WEEK 01/17/2019 04:31
"This wasn't the argument that I set out to make," that Congress must impeach President Trump, Yoni Appelbaum says at The Atlantic . But after researching the previous three impeachments in U.S. history, it became clear pundits and Democratic leaders "have overlearned the lessons of Bill Clinton's impeachment, which backfired on his accusers" in 1998, "and entirely forgotten the real significance of Andrew Johnson's" in 1868. By Appelbaum's estimation, Trump's multi-pronged "attack on the very foundations of America's constitutional democracy" already more than qualifies him for impeachment and removal from office, but even if the Senate disagrees and fails to convict, the process is its own remedy "in five distinct forms," he explains in T.
THE WEEK 01/16/2019 20:40
Jack Bogle, the founder of The Vanguard Group and creator of the index fund, died Wednesday. He was 89. Vanguard is the world's largest mutual fund organization, now managing $4.9 trillion in global assets. When he created what is now known as the Vanguard 500 Index Fund, he was ridiculed by Wall Street, with the fund dubbed "Bogle's Folly." In his letter to Berkshire Hathaway shareholders in February 2017, billionaire investor Warren Buffet praised Bogle, saying that he was "frequently mocked by the investment-management industry," but "he helped millions of investors realize far better returns on their savings than they otherwise would have earned. He is a hero to them and to me.". Bogle grew up during the Great Depression, and studied eco.
THE WEEK 01/16/2019 14:56
U.K. Prime Minister Theresa May has survived a confidence vote in her leadership, but a much bigger challenge is just getting started. May's plan for a slow British exit from the European Union was historically denied Tuesday, 432-202. Opposition party leader Jeremy Corbyn scheduled a confidence vote in May's leadership for Wednesday, and she narrowly survived it, with 306 MPs voting no confidence and 325 voting with her, CNN notes . She'll now have until Monday to formulate a new Brexit plan. Tuesday's vote to deny May's Brexit deal was expected, with even members of May's Conservative Party rallying against her. It set a record for the harshest defeat a government has received in Parliament. Still, May's leadership was predicted to be uph.

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