Money and Computing

For some of the states looking to cut taxes, it’s an effort to stop older folks from decamping to more tax-friendly places when they retire. For others, it's a way for lawmakers to curry favor with one of the most politically plugged-in demographic groups, which also is the wealthiest. "They are worth more, dollar-wise, than young people," said US Census Bureau spokesman Robert Bernstein.  About a half dozen states are considering giving new tax breaks to seniors over 65, although they already enjoy favorable treatment by the federal government and by most states on their income and property taxes. For some of the st… more »

"This boils down to a very simple concept: if someone is paid to give you retirement investment advice, that person should be working in your best interest," said Secretary of Labor Thomas E. Perez. "As commonsense as this may be, laws to protect consumers and ensure that financial advisers are giving the best advice in a complex market have not kept pace. Our proposed rule would change that. Under the proposed rule, retirement advisers can be paid in various ways, as long as they are willing to put their customers' best interest first." more »

Santa Fe, New Mexico, a remote town of about 70,000 that became the darling of urban expats in the early parts of the last century, thanks to its beautiful mountain vistas and pueblo-style architecture. Artists and nuclear scientists alike came and decided they never wanted to leave. Today, Santa Fe is a foodie haven, home to a world-class opera, a booming arts scene and quirky shops. Other exurban outposts looking to establish themselves could learn from this "Santa Fe effect," Garreau said. "You've got to give them a reason to stay."  more »

Aided by the convenience and constant access provided by mobile devices, especially smartphones, 92% of teens report going online daily — including 24% who say they go online "almost constantly," according to a new study from Pew Research Center. More than half (56%) of teens — defined in this report as those ages 13 to 17 — go online several times a day, and 12% report once-a-day use. Just 6% of teens report going online weekly, and 2% go online less often. Much of this frenzy of access is facilitated by mobile devices. Nearly three-quarters of teens have or have access to a smartphone and 30% have a basic phone, while just 12% of teens 13 to 17 say they have no cell phone of any type. more »