Overnight Briefing & General Reality Check - Feb 26, 2013
February 26, 2013
Big Money, Big Problems:
Those poor Millennials. It's not easy being told you're perfect and can do anything, only to grow up and find yourself a normal person living an average life.
A study by the American Psychological Association finds that the Millennial generation (18-33 year-olds) are more stressed than any other age group. More than half of them reported having their sleep disrupted by "overwhelming worries" in the past month.
The anxieties Millennials feel coming out of college isn't all that different from past generations except for one thing: They have way more debt.
"Many of these young people have come out of college or graduate school with horrendous student debt into a job market where there are not very many jobs," said the psychological group's executive director. "This has put their life plans, probably, on hiatus."
One Ohio State economics professor found that Millennials are paying that debt back at much slower rates than previous generations. "And based on what young people are telling us," she says, "if we project that out to the end of their life using life expectancy tables, we will see that they will die with credit card debt."
She calls that "taking debt to your grave." (Maiman)
You've probably caught wind of the horsemeat scandal in Europe: beef sold as 100 percent beef containing horsemeat. It's all about money: Horsemeat is some 90 percent cheaper than beef, so the profit margins are huge.
But people are getting caught and the latest and most unlikely name to be dragged down in Europe's widening horse meat scandal is Ikea. Czech veterinarian authorities said yesterday they found horse meat in packaged Swedish meatballs destined for sale in restaurants inside the furniture giant's stores. The meat was labeled as beef and pork, and was produced in Sweden.
Affected meatballs were also found on sale in Belgium, Britain, the Netherlands and Portugal. About 1,675 pounds of meatballs have been yanked from stores in the Czech Republic alone.
Someone may want to remind LINDSAY LOHAN that April 15th is just around the corner as the rehabbed redhead was slapped with yet still another tax lien from 2011. TMZ.com reports the State of California wants nearly $57-thousand dollars for money earned, which is really bad news for the financially-challenged star. CHARLIE SHEEN gave her $100-thousand dollars for her tax bill from 2009, she's working on paying off 2010's debt and she also owes a mint in attorney's fees. (Lee)
CHARLIE SHEEN continues his charity efforts with troubled actress, LINDSAY LOHAN. Yesterday various Hollywood trades announced that she'll be guest-starring in an upcoming episode of Charlie's FX show, "Anger Management," playing herself.
On the show, she'll reportedly develop "a romantic relationship with Sheen's character after becoming his therapy patient."
Good news: bald eagles aren't so endangered anymore. Bad news: they're becoming roadkill.
The NY Post reports there are now so many bald eagles in Maine that they're colliding with cars when they swoop down to catch prey. The problem is so out of control, officials have been forced to put up bald-eagle warning signs along roadsides. (Still)
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