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Ohio: The Odds Are You Won't Outlive Your Money

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 Remember when Lake Erie went on fire and Ohio was a national joke? And how once prominent cities such as Youngstown were compared negatively to nearbytPittsburgh, Pennsylvania. The latter had reset from the steel era to health, education and tech. In contrast, Youngstown seemed caught in an economic time warp. There too were those brutal midwest winters.  Now, given its extreme affordability, excellent healthcare facilities like the Cleveland Clinic and free outdoor recreation provided by the state parks (Michigan charges), it's taken on an aura as the retirement paradise. Also it's family-friendly and purchasing a house is doable. Simultaneously, other traditional retirement meccas, ranging from Arizona to Florida, are being rated as no longer a fit for budgets and the implications of climate change. Given the extreme heat, that air-conditioning bill has become a stunner.  Large one-bedrooms (680 square feet) in Toledo, OH such as at Cambridge Woods can lease for unde...
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Paul, Weiss' Scott Barshay: You Have a Problem

  Paul, Weiss, once a litigation powerhouse, has experienced a flight of high-profile partners in that practice.  After the firm's deal with the Trump administration to lift the Executive Order but before Scott Barshay became chair, star litigator Karen Dunn left. A number of partners and associates went with her to form a litigation boutique. It's thriving. Now this and it's on Barshay's watch. As The New York Times reports today: "The partners — Kannon Shanmugam and Masha Hansford — are departing to start a practice focusing on Supreme Court and other appellate litigation at the rival firm Davis Polk." Shanmugam has been a heavy hitter for wins for clients in front of the US Supreme Court. It had been rumored that when the EO was presented he argued to file a lawsuit, not negotiate with the administration. It was said that he had even drafted the complaint.  Hansford, who started out as an associate at Paul, Weiss, then went to the DOJ for SCOTUS work, retu...
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Why Networking Has Become So Hard/Ineffective: America Loses Its Interaction Muscle

To get work. To get ahead at work. To start a business. To keep that enterprise rolling. All require networking - that is, the effective kind in which you can motivate other human beings to help you.  But, obviously networking isn't going so hot. Just read Reddit about chronic joblessness and not enough business for small businesses. Either those needing that connection are backing away from even trying to engage or are screwing it up (worsening their situation by presenting themselves as pests). This year, two bits of provocative insight have come our way about this. One is the recent study conducted by Talkspace.  Essentially when relationships feel difficult, Talkspace found, folks are cutting them off and rarely going back. No talking it through.  The result is the loss of what we might think of as our "interaction muscle." It withers from the lack of practice. For instance, gone is the skill in how to assert boundaries in a conversation. So-and-so says something you...
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BoomerVille: No, No One Knows

 We stopped the close reading of what the financial gurus are saying. We get it: No one really knows where the US whatevers, especially the stock market, are going. As for the financial projections, including another great depression, they are jaw-jawing about on Main Street, we tune out. We know that they don't know. Last night before we went to sleep we checked Dow futures. They were up. This morning the actual Dow is up.  Dow Jones Industrial Average Index Index: DJI Compare 49,655.58 USD ▲  +213.02 (+0.43%) today April 21, 9:31 AM EDT  ·  Market Open But it would be naive to connect any dots in an upbeat way. Those I care about have been shuttering their small businesses. Too many of those I coach have to do a memory-erase: letting go of how it had been to have a very good job with tons of perks.  What I bear witness to is so much pain.
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New Wrinkle on Who Are The "Haves" - Are You Paying Your Bills, Have Surplus in Checking?

  Pre-2026: The Haves are the wealthy.  The brutal factors in the current labor market -AI, cost-efficiency, offshoring, plus inflation - have blown that up. Emerging now is a new version of the Haves. They're the ones who can pay their bills on-time and have a reserve of funds in their checking account.  In contrast, are the Have-Nots. Essentially they consist of the 72% of adults in America who are living in financial anxiety and 48% of those have been paying their bills late.  Among the Have-Nots, recently personal bankruptcies have increased 11% . This new category in socioeconomics makes the concept of "middle class" irrelevant.  Smirk. Remember it used to be considered an attribute of being middle class to purchase only brands, own a house and speak standard English.  Well, store private labels are being purchased and served to guests without shame. Don't expect Lay's and Doritos at my Super Bowl party. The chips will be Walmart's Great Value. In more...
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BoomerVille - And, One 72-Year-Old Is Working for $13 Hourly

  "Wow. You're getting 30 hours a week." I assumed I was congratulating this 72-year-old woman on having the ability to land so much work.  She was having none of it. "I get $13 an hour. And am on my feet." Her regret was not investing. Instead she had paid for the children's education and weddings. Well, even if she had invested she might not have been better off. At least not emotionally. Look what we Boomers knew would happen with the Strait of Hormuz closed again and which did: FUTURES IND Close Future Change 49,447.43 49,165 -476 FAIR VALUE FUTURES (-7.57) FV Close Future Impl Open 49,633.43 49,165 -468.43 Last updated: Sun Apr 19 2026 | 7:43 PM EDT
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Telling Your Unemployment Story on BusinessInsider and Elsewhere: High-Risk, for Both You and the Publication

There used to be so much stigma about losing a job, even because of a layoff, that the unemployed: Created rosy spins about how well the job search was going Maintained an overall low profile, taking survival jobs off-the-radar, and Knew that media was not their friend.  Not so much anymore.  A common MO has been to loop into doom-and-gloom, sharing (oversharing) the story of chronic unemployment with the media. That strategy is high-risk, both for the jobless and for the media outlet publishing what is turning out in this AI, cost-efficiency, offshoring low-hire era the "same old." Typical in BusinessInsider is the sharing by former UX designer Christopher Santoso who has been without a full-time job since May 2025. What's most soul-wearing to him is being ghosted when applying. So? Sure, presenting himself in the media can get the attention of employers. That means that such a strategy can be high-reward. I wish that be the outcome for Santoso. However, more probable i...
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