7 things retirees should do with their $20 cost-of-living increase

Sure, you can buy prized bottles of Bordeaux or California cabernet in the triple digits. But what if you want to enjoy a great bottle of wine once a month for $20? Kamal Kouiri, wine director of New York’s Molyvos restaurant, suggests going Greek. As anyone who’s read the Ancient Greeks knows, wine has always been a major part of Grecian culture, but the country’s wine industry struggled for much of the past century. Kouiri says it made a major comeback in the last decade, especially due to technological advances in production, but the wine-buying populace hasn’t caught on to the fact just yet — and that means winemakers are still pricing most bottles below $25 (and in some cases, below $15). He’s especially partial to the xinomavro grape varietal, which yields a tasty red wine that “goes with a lot of vibrant foods.”

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2
MarketWatch Earnings Wall

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3
The Fed is deliberately stealing from savers

The academic name for the Fed’s current policy is financial repression. But a more apt name would be “Throw granny under the bus,” because the program boils down to taking from savers and fixed-income recipients and transferring that purchasing power to other entities.

4
Junk Bonds Rally

Junk bonds have bounced back after their steepest decline in more than a year as investors once again push aside concerns about overheated prices in pursuit of higher-yielding investments.

5
Ben Bradlee and the future of journalism

In the outpouring of remembrances of the man, there's a sense that with his passing, an idea has died too, an idea about print journalism and impact and government accountability.

6
U.S. Oil Prices Hit New Low as Supplies Rise

U.S. oil prices slumped to a 27-month low Wednesday as domestic crude supplies grew more than expected.

7
The super-rich are as miserable as the rest of us

Let’s agree right off the bat that $25 million is a lot of money. Sure, to paraphrase Chris Rock (NSFW), if Bill Gates woke up tomorrow with a net worth of $25 million, he’d jump out a window. But to the vast majority of us, it’s a huge sum, more than enough to make some dreams come true. If money can’t buy happiness, $25 million should at least be enough for a down payment on contentment — and to generate some envy on the part of us without eight figures in assets.

8
Herbalife Bull Is Back, More Bullish Than Ever

“We do believe that a combination of the negative spin from Ackman and the tighter controls on the business that the company has initiated in response to his criticism has very likely slowed growth,” Mr. Ramey wrote, while later adding: “But what do we get for all of this travail? We get a company that is clearly not operating an illegal pyramid scheme; a company with much greater compliance and better supervision of its members and a company that will likely continue to grow, meaningfully, despite these challenges. It remains an impressive growth engine.”

9
New York Says Ebola-Ready, Health Workers Aren’t So Sure

Gist learned of Montefiore’s status at a training session held yesterday at the Jacob K. Javits Convention Center in Manhattan that drew more than 5,000 city health-care workers. Sponsored in part by the Greater New York Hospital Association and a union, the three-hour session was designed to help prepare health workers for the appearance of Ebola in the New York City region. While Mayor Bill de Blasio touted the city’s readiness, many workers weren’t as convinced.

10
Johnson & Johnson to begin testing Ebola vaccine in January

Johnson & Johnson said it would begin testing an Ebola-virus vaccine in humans in January and could have 250,000 doses available in May, if health authorities deem it safe and promising enough to distribute more broadly.

11
How to Avoid the Scary Costs of Halloween - US News

Shop late for decorations: Take a quick stroll through any drugstore, hardware or craft store and you’ll be surprised by just how much you could spend on Halloween decorations. After all, giant inflatable pumpkins don’t exactly come cheap. Just don’t let those price tags scare the Halloween spirit out of you. You can make tombstones from cardboard, spider webs from old pantyhose, ghosts from cheese cloth (draped over a white balloon for the head), lanterns from hole-punched soup or coffee cans or milk jugs with a string of LED lights dropped in. For more ideas, just take some time to scroll through Pinterest or DIY craft blogs, which are full of great, and frugal, ideas.

12
Brazilian candidates trade barbs - FT World - World & Global Economy Video - FT.com

Brazil candidates locked in bitter battle Oct 22, 2014 : Brazilian President Dilma Rousseff appears to be edging ahead in the latest opinion polls for the presidential election, but she remains locked in a close and bitter race with challenger Aecio Neves.

13 Yahoo Finance

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14
China's booming $1.5 billion pet care market

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.

15
Wall Street Journal This Morning

Dallas Ebola patient died yesterday morning, enhanced Ebola screenings will begin at airports this weekend and watch what you tweet about Jet Blue.

16
EU Leaders Agree to Long-Term Energy, Climate Change Targets

BRUSSELS—European Union leaders agreed on a set of long-term targets on energy and climate change in the early hours of Friday, agreeing to financial sweeteners and weakening some objectives in order to get a deal.

17
Ottawa Shooter’s Journey to Terror

Three weeks before Michael Zehaf-Bibeau killed a Canadian soldier and thrust the government into a terrified lockdown on Wednesday, he came to Ottawa to get a passport so he could travel to Syria, police said. On Tuesday, he prayed and slept in a downtown hostel for the homeless where he had been staying. A number of details about Mr. Zehaf-Bibeau emerged Thursday that began to fill in a picture of a middle-class suburban youth who grew estranged from his family—last week he had lunch with his mother, Susan Bibeau, a...

18
Dollar Bulls Slow the Stampede

While the dollar has steadied itself after last week suffering its worst selloff this year, some investors said they have become wary of adding to their bullish bets.

19
Insider’s Guide to Warsaw

Maria Bartuszová’s “Two-part Sculpture V” (1973) is part of an exhibition at Warsaw’s Museum of Modern Art. Established in 2005, the museum remains in its temporary home across from the Palace of Culture and Science. After much debate over the design, construction on a new building on the grounds of the palace, designed by New York-based Thomas Phifer and Partners, is expected to begin soon and be completed by 2019. G. Bodnár, courtesy of Bartusz Family …

20
How to avoid homebuyer's remorse

Don't get caught up in the heat of the moment. Overpaying is one of the biggest sources of remorse, especially if buyers get involved in a bidding war. Bidding against other buyers can be exciting and entice homebuyers to throw their budgets out the window. But sometimes, it becomes more about winning than how much the house is worth to you.

21
U.S. vs. Europe: There's a clear economic winner - CNNMoney

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.

22
10 industrial stocks with the potential to rise up to 41%

Fluor Corp. reported a 26% drop in second-quarter revenue to $5.3 billion, as sales from its mining and metals businesses declined. Earnings were down 52% to $77.8 million. The company will announce third-quarter results on Oct. 31, with analysts expecting net income of $176 million, or $1.10 a share, on revenue of $6.02 billion.

23
A moral deficit

WEIGHED down by debt and running out of cash, Chaori Solar emerged this year as an unlikely poster child for all that was going right with the Chinese economy—because it was allowed to go under. China’s leaders had vowed to bring market discipline to a financial system that had grown lazy in its dependence on ever more credit. Chaori, the first company to default since China relaunched its bond market a decade ago, was a symbol of the new tough-love approach. But something unexpected happened this month: Chaori’s creditors were bailed out.

24
Stakes upped

THE bet was bound to be a risky one. In July Japan decided to restart talks with North Korea in the hope of securing the return of citizens kidnapped in the late 1970s and early 1980s. The stakes have since been raised. North Korea’s initial report into the abductees was expected by now, but it revealed last month that the probe would take a year. Japan now finds itself playing diplomatic cat-and-mouse with a regime that has a history of drawing out negotiations in return for concessions.

25
Generational shift

MUCH of what China has achieved in the past three decades—its impressive economic growth, the rise of its global stature and the considerable improvement of living standards for hundreds of millions of people—is attributable to one decision: ditching the Maoist model of central-planning that had shackled the economy. Yet some important industries have yet to embrace the market. Power generation is one. As China struggles to reconcile its soaring energy demand with its need to clean up an increasingly toxic environment, reform is becoming more urgent.

26
The journey of a virus

Audio and Video content on Economist.com requires a browser that can handle iFrames.

27
Can Germany Revive Its Economic Miracle? Some Economists Are Increasingly Skeptical

Germany’s economic miracle is suddenly looking a little less miraculous as the country’s economy slows. Will it do what’s necessary to get on a firmer course? German economists are increasingly skeptical.

28
Sweden Calls Off Submarine Search

STOCKHOLM—Sweden has called off a search for foreign submarines off its east coast after failing to detect anything, ending a weeklong probe that evoked Cold War memories.

29
Think Cutting the Cord Will Set You Free? Not So Fast: Video

Oct. 24 (Bloomberg) -- More and more people are canceling their cable tv subscriptions and watching tv only online. But that doesn't mean they are free from the cable company. Bloomberg Businessweek's Brendan Greeley explains why "cutting the cord" can still leave customers in shackles. Video by: David Yim, Kelly Buzby (Source: Bloomberg)

30
EU bank stress-tests could end up cheering markets

LONDON — European banks are likely to need about 10 billion euros ($12.6 billion) to address shortages of capital identified in a regulatory review, an amount modest enough to cheer markets, investors and analysts say.

31
The Best Day to Buy Airline Tickets

I honestly don't understand the continued fascination of trying to figure out the "best day of the week" to buy airline tickets.  There is no best day to buy an airline ticket -- buy it when it's on sale, and that day can be any day of the week.  BTW, the methodology of this study strikes me as completely flawed: average ticket price is lower on the weekend than during the week because there aren't many business-oriented airfares sold on the weekends.  Businesses tend to buy more close-in and refundable tickets -- which are more expensive any day of the week you buy them!  So this data says NOTHING on an apples-to-apples basis: like if you were shopping a month in advance, whether the tickets are cheaper on Saturdays or Mondays.

32
iPad Air 2 Review: The Best Tablet Needs to Work Harder

Joanna, you REALLY need to be careful when using superlatives, like "most" and, in this case, "best". As you pointed out, the Air 2 is NOT the "best" when it comes to durability or multitasking. You also hinted the Air 2 is not the "best" when it comes to doing any real work, like writing a letter, working with a spreadsheet or updating an AutoCAD drawing in the field. However, all these things can be done on most Windows tablet PC's. Note I said "tablet PC's". What Jobs did was dumb down the tablet to a internet appliance and that is what you said you use your Air 2 for. If you want a real computer, get a Windows tablet. Why carry two devices (an internet appliance and a notebook). My Windows tablet does it all. It is not as thin or light as an Air 2, but I have dropped it several times and it is undamaged. Apple seems focused on thinner and lighter at the expense of durability - witness the fragility of the iPhone 6. I sit on my Windows Phone. Try that with an iPhone 6!

33
U.K. Economic Growth Slows as Obstacles to Recovery Mount

The slowdown comes as Bank of England policy makers raise concerns about threats from the weakness in the euro area, Britain’s biggest trading partner. Reports this month showed manufacturing and services cooled in September, and BOE Chief Economist Andy Haldane said last week that he’s become “gloomier” on the global backdrop.

34
China Wants to Trigger a Sports Industry Boom

China’s State Council (its analog to the U.S. cabinet) released projections this week  that the fitness industry would reach 5 trillion renminbi ($800 billion) by 2025 and account for an estimated 1 percent of China’s GDP, vs. 0.6 percent today. “There are great opportunities for foreign investors, particularly in areas such as sporting events, overseas sports tourism, and venue management,” Liu Fumin, director of the finance department at the General Administration of Sport, told the state-run China Daily.

35
Brits love a hypothetical EU, but the actual EU not so much

An Ipsos Mori poll out this week shows 56% of U.K. voters amenable to staying in the EU and only 36% wanting to get out. This is a sharp reversal from a poll just two years earlier showing 48% in favor of leaving and 44% wanting to stay.

36
Apple Pay: revolution at the tills as the digital wallet pays up - FT.com

Apple Pay: revolution at the tills as the digital wallet pays up

37
Dollar falls against yen on news of New York Ebola case

The dollar was lower against the yen in Asia trade Friday, with news of a new Ebola patient in New York prompting investors to switch to the perceived safety of the Japanese currency.

38
Oil futures slightly lower on investor caution

Crude-oil futures were slightly lower in Asian hours Friday as investors remained unsure if a rebound in oil prices can be sustained.

39
Microsoft sales soar 25% on huge Office and gadgets demand

But it wasn't just software driving Microsoft's sales growth. Devices were also a large factor, including more than $900 million worth of Surfaces -- Microsoft's once left-for-dead tablet line. Surface Pro 3 is selling at twice the rate that the Pro 2 was -- and the tablet was profitable for Microsoft last quarter. That's a big deal, considering Microsoft wrote down nearly $1 billion on excess Surface inventory a couple years ago.

40
Lunch, Coffee, Baseball: The Social Words That Could Save Your Job

Crunching the data, she found that workers who used terms such as “lunch,” “coffee,” or “baseball” were more likely to keep their jobs. Such schmoozing was found to be a better indicator of job retention than how much money workers brought in to the company.

41
The faces of minimum wage

Heated debate over increasing the minimum wage centers around the unprecedented passing of $15-an-hour legislation in Seattle. Film for 'We the Economy' series talks to people on both sides of the issue.

42
Milton Berg: The Fed Is Terrible, Go Long on These Stocks: Video

Oct. 23 (Bloomberg) –- MB Advisors CEO and Chief Investment Strategist Milton Berg discusses the Fed, the S&P 500 and the market rally. They speak on "Market Makers." (Source: Bloomberg)

43
Political Polarization & Media Habits

Those with down-the-line conservative and liberal views do share some common ground; they are much more likely than others to closely follow government and political news. This carries over to their discussions of politics and government. Nearly four-in-ten consistent conservatives (39%) and 30% of consistent liberals tend to drive political discussions – that is, they talk about politics often, say others tend to turn to them for information rather than the reverse, and describe themselves as leaders rather than listeners in these kinds of conversations. Among those with mixed ideological views, just 12% play a similar role.

44
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45
Business-Friendly Bureaucrat Helped Build Tax Haven in Luxembourg

Confidential tax arrangements for multinational companies like Amazon and Fiat save taxes but now are under pressure from the EU

46 AAPL investment information - Apple Inc. ideas on StockTwits

Community Sentiment: The sentiment chart shows the percentage breakdown in bullish and bearish sentiment shared by StockTwits users over time. It is calculated on a rolling, 7 day basis.

47 AAPL investment information - Apple Inc. ideas on StockTwits

Community Sentiment: The sentiment chart shows the percentage breakdown in bullish and bearish sentiment shared by StockTwits users over time. It is calculated on a rolling, 7 day basis.

48
Police Search for Multiple Suspects in Canada Shooting

OTTAWA—A soldier was shot dead at Canada’s National War Memorial and shots were fired inside the country’s Parliament building nearby before a suspected assailant was killed. Ottawa police said they were hunting for possible other suspects. Armed officers locked down Parliament and other government buildings and Prime Minister Stephen Harper was moved out of the area. Mr. Harper canceled planned appearances in Toronto after the...

49
Minneapolis program empowers immigrants to start their own businesses

NDC now issues about 40 loans a year, each averaging about $25,000 with interest rates from 3% to 7%.The average payback time is around three years, and the default rate is only about 8%, likely because NDC continues to offer training and assistance to the businesses it backs. About half of NDC's business is with African Americans.

50
Icahn says buying Apple is a ‘no-brainer’, and a first-ever for the VIX

Add Carl Icahn to that Apple fan club. He told CNBC last night that Apple is a “once in a decade” company and a “no-brainer” investment. Of course, this is the guy who has a $5 billion position. He also suggests fund managers don’t own enough of the Cupertino powerhouse and are going to be scrambling for shares as they try to catch up — which may go for more than just Apple.

51 Live News Events & Coverage
52 North Carolina Academic Fraud Went on for Years Amid Lax Oversight, Report Finds
53 Education Department to Expand Access to Student Loans
54 The Daily Wall St. Cheat Sheet
55 TWTR investment information - Twitter ideas on StockTwits
56 Global Growth Woes Threaten to Beset U.S. Economy
57 Business-Friendly Bureaucrat Helped Build Tax Haven in Luxembourg
58 Harper: Canada ‘Will Never Be Intimidated’ by Attacks
59 UNC Admits Fake Classes for Athletes Were Widespread: Four Blunt Points
60 North Carolina Academic Fraud Went on for Years Amid Lax Oversight, Report Finds
61 Yahoo Finance (yahoofinance)
62 A Bee's Invoice: The Hidden Value in Nature – Film – WE THE ECONOMY
63 Yahoo: Tumblr to Make Over $100 Million in Revenue Next Year
64 7 money mistakes you should avoid in your 60s
65 Cheap luxuries, pricey necessities: Why Americans are really going broke
66 U.S. Regulators Agree to Go Easier on Mortgage-Lending Rules
67 Afghan Troop Casualties Are Rising
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69 Building a Boston in Cape Town: $13 Billion Dream Rises From Ashes of Apartheid
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71 The Long-Term Price of the Gender Pay Gap
72 Say hello to the Ubernet
73 Ebola becomes a workplace concern
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77 NBC's Dr. Nancy Snyderman to resume work in November
78 Huge gold nugget going up for sale in California
79 Online Harassment Prevalent, Often by Strangers, Pew Study Finds
80 Maine Set to Vote on Bear-Hunting Methods
81 In Ebola-Afflicted Liberia, Orphanages Make a Tragic Comeback
82 Retina iMac Review: The Screen That Makes Desktops Relevant Again
83 CNET Founder Readies Bitreserve Launch in Bid to Quell Bitcoin Volatility
84 U.S. Stocks Edge Mostly Lower
85 Poverty elucidation day
86 Regulators to Give More Guidance on Leveraged Loans
87 U.K. Mortgage Holders So Far Unfazed By Prospect of Higher Rates
88 DDD investment information - 3D Systems Corporation ideas on StockTwits
89 A Highly Unscientific Ranking of Crazy-Old German Beers
90 The World's New Biggest Ship? Maybe. Niftiest Ship? For Sure
91 Dimon: Cancer Hasn’t Changed What I Want to Do
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93 Guess whether Democrats or Republicans are behind these campaign ads
94 Behind Twitter’s Move to Become a Mobile-Services Shop
95 WATCH: "Hello... McFly!" Now's Your Chance to Get Your Very Own Hoverboard
96 American Detainee Freed by North Korea Reunites with Family
97 Bank of Canada sticks with 1% interest rate but dumps 'neutral' stand
98 The Self-Driving Google Car May Never Actually Happen
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100 Dilma edges ahead