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Europe’s Downgrades: Message to America?

With Standard & Poor’s having downgraded the government debt ratings of nine European nations in mid-January, some experts are saying there’s also a message for this nation’s federal, state, and local governments. “It is clear that the debt downgrades are sending messages to both European and U.S. governments. The short-term and long-term message is the same: Get debt and deficits under control, or massive problems—bankruptcy, currency chaos, etc.—will ensue,” said Robert B. Ekelund Jr.,...

ObamaCare’s ‘Reinsurance Program’ Runs Out of Money

On January 1 yet another ObamaCare provision crashed and burned: the “Early Retiree Reinsurance Program” (ERRP), a $5 billion giveaway to unions, state and municipal governments, and corporations. The idea was to encourage such entities to continue health benefits for early retirees (ages 55-64) until the wonders of ObamaCare kick in 2014. The program provided “reinsurance” of 80 percent of claims between $15,000 and $90,000. Using the word “reinsurance” for this program is another case of...

Boomers’ Retirement as Growth Opportunity for College Towns

Review of The Third Lifetime Place: A New Economic Opportunity for College Towns, by John L. Gann, Jr. (CarpeHoram, 2011), 8 1//2 x 11 format, 74 pages, $77.95 + $4.95 S&H, or $67.95 for electronic copies. Available directly from the author, Gann Associates, Glen Ellyn, Illinois, (800) 762-GANN (4266), or citykid@uwalumni.com. Can college towns become the nation’s next retirement communities? Community marketing consultant John Gann thinks so, and his book The Third Lifetime Place: A New...

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