News That Matters

Tag: Wrong

70% of adults over age 50 get this wrong about Social Security

70% of adults over age 50 get this wrong about Social Security

Finance
When it comes to Social Security, one small mistake can botch a lifetime's worth of income. As tempting as it may be to claim your retirement benefit as soon as you're eligible at age 62, choosing to do so could put a dent in your cash flow. Few people seem to be aware of this, according to a recent survey by the Nationwide Retirement Institute. Close to 70% of the polled individuals erroneously identified the age at which they'd be eligible for full retirement benefits from Social Security, the institute found. ...
Overseas holiday plans go wrong as Jet Airways cancels flights

Overseas holiday plans go wrong as Jet Airways cancels flights

Finance
NEW DELHI: Overseas holidays are set to go for a toss this summer with the debt-ridden Jet Airways cancelling all its international flights. Customers, who have booked tickets months in advance, are seeking refunds from online travel agents (OTAs) who in turn are directing the requests to the airline. “This is a very unfortunate situation for all three: the airline, customers, and OTAs. We are seeing a spike in customers seeking refunds. People book for international travel months in advance and Jet had a good inventory for international flights. There is delay in the way refunds are coming to the OTAs. We have to then ask the customers to wait for some time till we get the refunds from the airline. All the OTAs are being cautious on that front. This will change the way people plan their
What's gone wrong at Weight Watchers?

What's gone wrong at Weight Watchers?

Business
For a business that now sees itself as being all about wellness and not just shedding pounds, the company formerly known as Weight Watchers looks like it has been on a crash diet.In the second half of its financial year, it dropped 600,000 subscribers.And at the beginning of its peak season - when Christmas overindulgence morphs into New Year virtuousness - membership is well below forecasts. The problem, it seems, is all in the name.After 56 years of trading as Weight Watchers, the company changed its name last September to WW, which, it says, doesn't stand for anything - not Weight Watchers, not even its new tagline "Wellness that Works".Why did Weight Watchers change its name?The intention, under new chief executive Mindy Gros...
Cohen says Trump knew hush money payment was wrong

Cohen says Trump knew hush money payment was wrong

World
Media playback is unsupported on your device US President Donald Trump's former lawyer insists Mr Trump knew making hush money payments during the 2016 presidential campaign was wrong.Speaking after he was sentenced to prison for campaign finance and fraud crimes, Michael Cohen told ABC News: "He directed me to make the payments.""Nothing at the Trump organisation was ever done unless it was run through Mr Trump," he said.The president has denied ever asking Cohen to make illegal payments."He was a lawyer and he is supposed to know the law," Mr Trump tweeted on Thursday, suggesting Cohen had pleaded guilty "to embarrass the president". Cohen, 52, was sentenced to three years on Wednesday and must report to pri...
Fernando Alonso: Lewis Hamilton, Ron Dennis & where it started to go wrong at McLaren in 2007

Fernando Alonso: Lewis Hamilton, Ron Dennis & where it started to go wrong at McLaren in 2007

Sports
Fernando Alonso: the F1 great who couldn't catch a break - part one of fiveFernando Alonso retires from Formula 1 this weekend at the Abu Dhabi Grand Prix as one of the sport's biggest stars but arguably its greatest enigma.The 37-year-old is a two-time world champion and has won 32 grands prix; a great achievement in absolute terms, but a relatively meagre one for a driver Lewis Hamilton rates as the best he has ever raced against. Greater success evaded Alonso - fundamentally rooted in bad choices, personality conflicts, and plain rotten luck. But what really happened along the way? Alonso's story will be published in a series of episodes this week, based on interviews with th...