Week of May 20, 2019 (see last week)
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MrConsumer has enough Schick razor blades and Tresemme shampoo stocked up until he's 83 years old. But after taking this longevity evaluation, he may have to go and buy more. Seriously, a team of researchers at the Center for Actuarial Research at the University of Connecticut have come up with a free online tool to help determine how many healthy years you have ahead of you (followed by unhealthy years). They make no guarantees of accuracy of their predictions, but base their model on established principles and sources.
The New York Times reported last week that the quality of imported generic drugs from India has been questionable as revealed in surprise inspections of manufacturing facilities there. A new book, Bottle of Lies, points out how foreign generic drug factories are no match for the FDA. On top of that, 44 states, led by the Connecticut Attorney General earlier in the month filed antitrust lawsuits against 20 generic drug companies alleging a massive price fixing scheme. In some cases, generic drugs that had been dirt cheap skyrocketed in price by hundreds if not thousands of dollars. These are the same allegations presented in a 60 Minutes story last week.
Where you die can make a big difference in how much of your money goes to state taxes. Thirteen states charge estate taxes, and six others have inheritance taxes. In the case of inheritance taxes, it matters "who" inherits your money. Spouses may be exempt, for example. See if your state will have one hand in your wallet after you go.
A cellphone manufacturer is running a commercial where their latest phone is dropped into a bucket of water. Of course this conveys that the phone is waterproof or at least water resistant, right? The company says not so fast.
That is our Mouse Print* story this week.
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