United States


BA-owner has not asked for state aid: CEO

British Airways-owner IAG has not asked for state aid, said its CEO, as he detailed the group's response to the coronavirus crisis, including accelerating the retirement of some aircraft and possible cuts to 2021 capacity.

Personal Finance Video

FILE PHOTO: Oil field workers prepare a swabbing rig in a cotton field in...

U.S. oil company workers make big, bad retirement bet: their own stock

Employees at the largest U.S. oil companies have lost around $5 billion in retirement savings since the end of 2018 because of outsized bets on their own slumping stock, according to a Reuters analysis of company disclosures, a trend exacerbated by the recent crash in oil prices.

Life Lessons

Mark Miller on Retirement

The truth about 'greedy' seniors and the 'war' between generations

Former U.S. senator Alan Simpson summarized the argument well: seniors fighting Social Security benefit cuts were nothing more than “greedy geezers” stealing from young people “who are going to get gutted.” The Wyoming Republican's memorable phrase from 2012 is a good example of the colorful language of so-called intergenerational warfare - pitting generations against one another with zero-sum-game economic arguments.