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News Flash: Texas Says Abstinence-Only Doesn't Work
Putting facts — like rising teen pregnancy and STD rates — together with some common sense, Texas school districts are beginning to ditch abstinence-only education programs.
Texas has the third-highest teen pregnancy rate in the US and it also spends the most on abstinence-only education. One school district official explained the decision to step away from an abstinence-only approach:
"We don’t think abstinence-only is working.
News Flash: 92% of Iowans Say Gay Marriage Has Had No Impact on Their Lives
Despite Iowa's legalization of same-sex marriage earlier this year, 92 percent of people there say life has continued as normal. Surprise! Apparently allowing gay people to participate in an institution designed to stabilize society hasn't caused all hell to break loose or threatened anyone's "traditional" marriage (or divorce).
News Flash: Women Have a Hard Time Keeping Secrets
A new British study finds that about four in 10 women cannot keep a secret no matter how confidential the subject. What really surprised the researchers was the speed with which the confidantes spilled the beans: in less than 48 hours!
The study, which was commissioned by the UK Director of Wines of Chile (?!), involved 3,000 women between the ages of 18 and 65.
News Flash: Men Are Bigger Liars
After scrutinizing 2,000 Britons, researchers found that in general, men lie twice as much as women. On average, they lie six times a day and women lie "just" three times a day.
The most common lie told by both men and women is, "Nothing's wrong.
Starbucks Does Not Owe Its Baristas $105 Million — For Now
More than a year after a California court ordered Starbucks to pay its baristas $105 million in back tips, the 4th District Court of Appeal has reversed the ruling. It all started when former barista Jou Chau filed a class-action lawsuit on behalf of the 100,000 current and former baristas in the state of California, arguing that Starbucks was acting unlawfully by permitting shift supervisors to share tips.
The appeals court concluded that Starbucks supervisors should receive their fair share of tips because they "essentially perform the same job as baristas."
News Flash: Questionable Charges on US Credit Cards
Have you ever heard of a NY based company called Adele Services? No? That's because it doesn't exist, but credit card holders across the country became familiar with the phantom company when it recently appeared on their statements.
Mortgage Aid Program to Bring Hope for Homeowners
Much of the banking drama from the last few weeks can be traced back to bad mortgage bets, making us wish that homeowners were never approved for loans they never could have afforded. Yesterday, a government drafted mortgage aid program launched into action that aims to contain the mortgage crisis from causing more trouble. The $300 billion, three-year initiative aims to allow about 400,000 homeowners to exchange their existing mortgages for more affordable ones, therefore staving off potential foreclosures.
News Flash: Money Honeys, Testosterone, and the FDIC
- "Money Honey" Maria Bartiromo and "Street Sweetie" Erin Burnett are profiled in a compelling piece describing their impact on business news and the journey to the top of their field. — Vanity Fair
- The FDIC has asked Congress for permission to raise the limit on the amount of money it insures for individual bank accounts from $100,000. They believe an increase could hold off customers from running bank deposits.
News Flash: Credit Card Reform Bill Gets Nod From the House
- The House passed a bill that would limit surprise interest-rate increases and fees for credit-card users, but it still faces Senate approval and won't be reviewed until the bailout plan has been finalized. — Reuters
- Is your head spinning from all of the recent economic news? Here are 15 things you should know about what's gone down.
News Flash: Money Is on Everybody's Mind
- Forbes released its 27th list of the Forbes 400 ranking the 400 richest Americans — you'll need at least $1.3 billion to join this club. Of course, Bill Gates made the list. — Forbes
- Networking in a time of need: University of Chicago's Graduate School of Business called its alumni that were Lehman employees just one day after the bank filed for bankruptcy.
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