Poll: Half of older workers delay retirement plans
There was a time when Tom Sadowski thought he’d stop working after turning 65 earlier this year. But he’s put off retirement for at least five years — and now anticipates continuing to do some work afterward.
In an illuminating sign of changing times and revised visions of retirement, an Associated Press-NORC Center for Public Affairs Research poll released Monday finds older Americans like Sadowski not only are delaying their retirement plans, they’re also embracing the fact that it won’t necessarily mark a complete exit from the workforce.
Some 82 percent of workers 50 and older say it is at least somewhat likely they will work for pay in retirement. And 47 percent of them now expect to retire later than they previously thought — on average nearly three years beyond their estimate when they were 40. Men, racial minorities, parents of minor children, those earning less than $50,000 a year and those without health insurance were more likely to put off their plans.
New York Times goes global by rebranding IHT
The New York Times Co. is rebranding its Paris-based daily, the International Herald Tribune, as the International New York Times — a bid to lure readers abroad amid the upheaval of the digital era facing traditional newspapers.
Executives say the rechristening Tuesday aims to get the most out of its brand, and complete a gradual fusion of the newspapers’ editorial staffs in recent years. The Times took control of the IHT a decade ago by buying the stake of its co-owner, The Washington Post.
Worldwide subscribers to the Herald Tribune — with a print circulation of 224,000 and distribution in about 135 countries — were waking up Tuesday to a similar-looking newspaper. Novelties include a new masthead, enhanced Page 2, and opinion pieces by dozens of new international columnists.
Ford, University of Michigan open new battery lab
Ford Motor Co. and the University of Michigan are opening a new battery research and manufacturing lab that they hope will speed the development of batteries for electric and hybrid cars.
The center, on the university’s campus in Ann Arbor, will bring together battery makers, car companies and researchers who will test new batteries for prototype vehicles.
Ted Miller, who manages battery research at Ford, said the lab will be unique in the U.S. He said that labs currently testing new battery chemistries can’t produce them in the amounts or formats needed for automotive research. And battery companies aren’t always sure that what they’re developing could be useful to the automotive industry.
Microsoft’s phone update to feature driving mode
Microsoft is updating its Windows software for cellphones to accommodate larger devices and make it easier for motorists to reduce distractions while driving.
It’s the third update to Windows Phone 8 software since the system’s release a year ago. Devices with this update will start appearing in the coming weeks, and older phones will be eligible for a free upgrade, too.
Something that may appeal to motorists: a new Driving Mode will automatically silence incoming calls and texts so that you can focus on the road. You also can configure the feature to automatically send out a reply to say that you’re driving.
Compiled from wire reports