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Baby Boomers Are Overestimating Future Social Security Income (www.bloomberg.com)

Baby boomers anticipate that 47% of pre-retirement earnings will be replaced by Social Security, according to results of an annual survey from the Nationwide Retirement Institute. But the reality for someone making what the Social Security Administration considers the average wage in recent years, about $60,000, is more like...

Philippine supply boats breach a Chinese coast guard blockade in the hotly contested South China Sea (apnews.com)

As a United States Navy plane circled overhead, two Philippine boats breached a Chinese coast guard blockade in a dangerous confrontation Tuesday in the disputed South China Sea to deliver food and other supplies to Filipino forces guarding a contested shoal....

Truck purchases are driving up the average cost of car payments. Some buyers pay over $1,000 a month (www.nbcnews.com)

More than 1 in 4 car shoppers in Texas and Wyoming have committed to paying more than $1,000 a month, and experts say it is due to the high volume of large truck purchases in those states, according to a report by auto site Edmunds....

FDA approves first RSV vaccine for pregnancy to protect newborns (www.cbsnews.com)

Expectant parents could soon have another new option this fall to protect their newborns from RSV, or respiratory syncytial virus, the most common cause of hospitalization in American infants, after the Food and Drug Administration announced Monday that it has widened its approval for Pfizer’s Abrysvo vaccine to include...

Row over restaurant ‘wealth screening’ boils over in French resort of St-Tropez (www.theguardian.com)

The Nice Matin newspaper quoted unnamed insiders as saying that some restaurants in St-Tropez, a favoured summer haunt of celebrities and the international jet set for more than half a century, had taken to checking customers’ names against their database and refusing reservations if a previous visit was not felt to have...

Credit Card Balances Hit New Peak - One Trillion (www.nytimes.com)

Americans’ credit card balances rose briskly in the second quarter, hitting a sobering milestone of more than $1 trillion, the Federal Reserve Bank of New York reported this month. Credit cards are the most prevalent type of household debt, New York Fed researchers wrote in a blog post, and saw the biggest increase of all debt...

Canada wildfire: all 20,000 Yellowknife residents evacuating (www.reuters.com)

Water bombers flew low over Yellowknife as thick smoke blanketed the capital of the vast and sparsely populated Northwest Territories. Officials say the fire, which is moving slowly, is now 15 km (10 miles) northwest of the city and could reach the outskirts by Saturday if there is no rain....

Mortgage rates soar to their highest level in 21 years (www.cnn.com)

The 30-year fixed-rate mortgage averaged 7.09% in the week ending August 17, up from 6.96% the week before. Rates have been above 6.5% since the end of May and climbing higher since mid-July. This week’s average rate is the highest the 30-year, fixed-rate mortgage has been since April 2002 when it was 7.13%.

U.S. sanctions 4 Russian operatives for 2020 poisoning of opposition leader Alexey Navalny (www.cbsnews.com)

The US Treasury Department identified the sanctioned operatives as Alexey Alexandrovich Alexandrov, Konstantin Kudryavtsev, Ivan Vladimirovich Osipov and Vladimir Alexandrovich Panyaev. Three of the four have worked with a specialized laboratory run by the Russian security service known as the FSB Criminalistics Institute. All...

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