| MARSHALL LOEB'S DAILY MONEY TIP: If You Care For Aging Parents, You May Be In Line For A Tax Break
NEW YORK (Dow Jones) -- If you care for an aging parent, you're not alone. The National Alliance for Caregiving and the AARP estimate that 21% of all American adults care for other adults. Seven million Americans take care of someone 55 or older and live at least an hour away, a Pew Center study reports. And that number is growing -- it is expected to double within 15 years. There is some tax relief for adult children who support their aging parents. You can reduce your 2006 taxable income by $3,300 if you claim a parent as your dependent. So how do you know if you can get the exemption? There are three tests to determine if your parent is eligible to be your dependent. The first one is obvious-- what's his or her relationship to you? To qualify, he or she must be a parent or stepparent.
Living Black History: Jet Magazine’s Simeon Booker Set the ...
If there's a copy of Jet on your living-room coffee table, chances are you've already read a dispatch by Simeon Booker, a seemingly permanent staple among the magazine's bylines. But save those back issues: Booker, 88, has retired. For more than 50 years, Booker, a prize-winning journalist, has chronicled some of the most pivotal social and political events in American history while telling uplifting stories about black folks that other writers have ignored. Booker, who spent most of his professional life at Jet magazine, is calling it quits after a celebrated career covering such historical events that include the Vietnam War, the conflict in Grenada, the Emmett Till case, and the 1960's civil rights movement. The soft-spoken, gray-haired statesman is the longest-serving editor in the history of Johnson Publishing Company, according to a statement on the company's Web site.
Business Calendar
Asian American Business Alliance: Features guest speaker City of Portland Mayor Tom Potter. 5:30 to 7:30 p.m., Port of Portland, Commission Room, 121 N.W. Everett St. $30. www.aabaportland.org. Tuesday Shop Talk Showcase: Morning networking program hosted by the Portland Business Alliance. 7:30 to 9 a.m., West Coast Bank, 1000 S.W. Broadway. Nonmembers $5. Registration requested by 3 p.m. Monday: member registration, www.portlandalliance.com; nonmember registration, Jeff Jordan, 503-552-6745. Portland Pearl Rotary Club: 7:30 a.m., Ecotrust Building, 721 N.W. Ninth Ave. $10. Donald Smith, 503-780-9672 or donaldqsmith@yahoo.com. The Right Way to Business: Two-session course on Tuesdays. Session one covers the "Business Success Basics -- Planning, Recordkeeping, Finance." Session two covers "Managing Your Business -- Growth, Marketing, Cash Flow." Sponsored by SCORE, Service Corps of Retired Executives and iQ Credit Union.
Letter: VFW Post 2005 recalls oldest member
Find herewith a letter that Marblehead Veterans of Foreign Wars Post 2005 had prepared to forward to our oldest member, Mr. Anthony Pierro, on the event of his 111th birthday. Comrade Pierro died Feb. 8 while receiving medical care at the Grosvenor Park Nursing Home inSwampscott, never receiving our good wishes and congratulations. A veteran of World War I, his combat experience, valor and courage werewell-known at the local, national and international levels and were recognized by many, including the president of the United States. As members of our veterans community and mindful of the recent and past sacrifices made by our community in time of war, please take a moment in your busy lives to remember the sacrifices made by our good comrade Anthony Pierro and remember the young people, also members of our community, who find themselves a long, long way from home, in harm’s way in defense of others.
A senator reacts to terrorist fear
He doesn't know exactly where the certificate is. It may be in a drawer, or it may be in a cabinet or a closet. "It's locked up somewhere," Basim Elkarra says. Elkarra, 27, who heads the Sacramento office of the Council on American-Islamic Relations, lets out a small laugh as he says this, aware of the irony that an award that caused so much controversy and outrage is now hidden from public view. The story of Elkarra, the certificate and U.S. Sen. Barbara Boxer is about regrets, politics and official pronouncements that mask a cold reality. It's also a story about American Muslims, their most prominent civil rights organization and its most willful detractors, one of whom wants nothing more than to shut it down. With the Iraq war raging and fear of terrorism still strong, the topic of possible links between American Muslims and terrorists is able to stir strong emotions among the electorate and the people who vie for their votes.
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