Money Matters - Simplified


NASA, Disney sign an educational agreement

Washington -- The U.S. space agency and Walt Disney Studios have signed an agreement to promote science and technology to schoolchildren.

The National Aeronautics and Space Administration said the "Space Act Agreement" calls for a series of educational and public outreach activities related to Disney-Pixar's new movie, "WALL-E" that opens June 27.

NASA officials said the collaboration highlights the similarities between the movie's storyline and NASA's real-life work in robot technology, propulsion systems and astrophysics. The movie is set 700 years in the future. The film's main character -- the only rover-robot left on Earth -- meets a new robot named Eve, and together they take a journey through the universe.

"Great ideas for future exploration of the universe start with the imagination," said Robert Hopkins, chief of strategic communications at NASA.

Millionaire on Minimum Wage

Everyone knows the saying, "It takes money to make money." But how much does it take? It's easy to assume it takes, well, more than we have. Believe it or not, though, the headlines you occasionally come across that say "Minimum-Wage Worker Retires Millionaire" are true.

Dear Son, Please Move Out

Dear recent (or not-so-recent) graduate,

Please move out.

5 Lies Your Parents Told You

Mom and Dad were right a lot of the time: Scratching only makes it worse; high school's not the end of the world; and that style (whatever "that style" was in your day) isn't flattering, even if all the popular girls are wearing it.

U.S. and Pakistani schools sign agreement

Austin, Texas -- The University of Texas at Austin says it will join with Pakistan's Aga Khan University in science research collaborations and student exchanges.

The five-year agreement also includes special events, lectures, secondary teaching training programs and faculty exchanges.

William Powers Jr., president of Texas-Austin and Firoz Rasul, president of Aga Khan,signed the agreement during a private ceremony last weekend.

Research areas identified for collaboration include science and technology joint research and training, health sciences and human development.

Founded in 1983, Aga Khan University operates 11 campuses in eight countries: Afghanistan, Kenya, Pakistan, Tanzania, Uganda, Syria, Egypt and the United Kingdom.


You Don't Have to Work Forever

America's younger generations face a bevy of problems, including mounting debt, impending problems with Social Security and Medicare, and the prospects of an economy that no longer promises advancement over their parents' standards of living. In response, many 25- to 40-year-olds no longer expect to be able to stop working -- no matter how old they get.

South Koreans spend on education

Seoul -- The South Korean National Statistical office reported Friday that South Koreans spend an average of 7 percent of their income on their children's education.

A distrust of public schools was part of the reason South Korean parents spend an average $234.21 per child per month on education, the Yonhap News Agency reported.

The survey, commissioned by the Education Ministry, cannot be compared to other years, as it was the first conducted. But, South Korean President-elect Lee Myung-bak's interest in "competition focused education" may trigger even more spending on private educations, experts told Yonhap.

The report said South Korean parents' spending on education reached $21.13 billion in 2007.

Copyright 2008 by United Press Internation

Older siblings get more attention

Salt Lake City -- A U.S. report said first-born children may attain more education and make more money because they get more parental attention.

Joseph Price, economics professor at Brigham Young University, said his research shows that first-born children get about 3,000 more hours of quality time with their parents between ages 4 and 13 than the next sibling in line.

The findings are published in the Journal of Human Resources.

"We've known for a long time that eldest children have better outcomes and these findings on quality time provide one explanation why," Price said in a statement.

Price said first-born children get more quality time simply because they pass through childhood when there is more overall family time to be shared. His findings were based on data from the federal government's American Time Use Survey, which involved 21,000 people, Brigham Young University said Wednesday in a release.

'Good Masters!' wins Newbery Award

Philadelphia -- The American Library Association has announced Laura Amy Schlitz's "Good Masters! Sweet Ladies!" as the winner of its prestigious John Newbery Medal.

The award is bestowed on books considered outstanding contributions to children's literature.

The association revealed the winner of the prize at its meeting in Philadelphia Monday, The New York Times reported.

"Good Masters! Sweet Ladies! Voices From a Medieval Village" features illustrations by Robert Byrd.

The winner of the Randolph Caldecott Medal for the most distinguished American picture book for children was "The Invention of Hugo Cabret," written by Brian Selznick.

Copyright 2008 by United Press International.

A College Deadline You Don't Want to Miss

With college tuition growing faster than holiday waistlines, there's one year-end deadline you don't want to miss. Sign up and contribute to a 529 college savings plan in 2007 before you pop the New Year's Eve bubbly.