Kelley Hawkins and her grandmother AnnaBelle Bowers

Multigenerational households face difficult financial decisions surrounding elder care, paying for college and retirement.

The Salt

Vermont Beer Makers Bring Back Old-Time Maple Sap Brews()  

This farmer, pouring maple sap into his pail near Wilmington, Vt., in 1954, may have turned the dregs of the season's sap into beer.

May 15, 2012 VPRBoiling down the last of the season maple sap and brewing a strong dark beer to share in the summer was a common tradition on Vermont farms a couple of generations ago. The practice had all but died out but is being revived now, thanks to a handful of local brewers.

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The Two-Way

Reports: Justice Dept. Probing JPMorgan's Big Loss()  

Standing behind a banner with a picture of J.P. Morgan Chairman and CEO James Dimon, protesters gathered outside the bank's annual meeting today in Tampa.

May 15, 2012 A Justice probe would be in addition to another investigation by the Securities and Exchange Commission. Meanwhile, CEO Jamie Dimon survived a challenge at the company's annual meeting.

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Crisis In The Housing Market

Homebuilders' Confidence Index At 5-Year High()  

Homebuilders reported improving sales and higher traffic from prospective buyers this month. A gauge measuring confidence in sales over the next six months also rose.

May 15, 2012 An index that measures builders' sentiment rose to the highest level since May 2007, a sign that the housing market may continue to improve. Homebuilders reported improving sales and higher traffic from prospective buyers this month.

Summary

Economy

Retail Sales Slow; Consumer Prices Flat()  

Gasoline prices fell 2.6 percent in April, the biggest decline in six months. The drop helped keep inflation in check and also depressed retail sales.

May 15, 2012 Consumers barely increased their spending on retail goods in April. The 0.1 percent gain was affected by cheaper gas prices and possibly the mild winter, which may have encouraged consumers to make purchases in the previous two months. Consumer prices were unchanged last month.

Summary

Europe

Powered By Germany, Eurozone Avoids Recession()  

May 15, 2012 The economy of the 17 countries that use the euro narrowly avoided a recession in the first quarter despite a raging debt crisis that's raising the specter of an EU breakup. One analyst said: "The euro area might have dodged recession, but it is firing on only one cylinder."

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Your Money

Canada's Housing Market Booms; Experts See Trouble()  

Canada's real estate market is one of the hottest in the developed world.

May 15, 2012 Canada's real estate market is one of the hottest in the developed world. In Toronto, where prices rose 10 percent in March, the average detached house costs more than $600,000. But some worry that Canada is experiencing a housing bubble that's about to burst.

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The Two-Way

Facebook Ups Its Forecast: Says Shares Will Sell For $34 To $38()  

The IPO is set for Friday.

May 15, 2012 Strong demand has pushed the company to say it anticipates a higher initial price for its first publicly traded shares. But can the little guy get in on the action? It won't be easy, experts say.

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The Two-Way

Former Murdoch Editor Facing Criminal Charges In Hacking Scandal()  

Rebekah Brooks, last Friday in London.

May 15, 2012 Rebekah Brooks allegedly tried to "pervert the course of justice" last year by seeking to cover up what had been going on at Murdoch's News of the World.

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Election 2012

JPMorgan's Loss A Gain For Campaign Positioning()  

The U.S. and JPMorgan Chase flags wave outside its headquarters in New York on Friday.

May 15, 2012 JPMorgan Chase's $2 billion loss in a risky investment brings attention to the presidential candidates' stances on financial regulation. President Obama supported the Dodd-Frank act, while Mitt Romney has said he would replace it with other regulations.

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