This is the age of bailouts. Captains of industry parade through Washington with their hands out. There is uncertainty in the air, downright fear. The lobbying jackals circle. The scent of money is strong.
As a geriatrician who has practiced medicine in America for the last 32 years, I find the magnitude of largesse dispensed to failing industries unimaginable.
I have lived with Medicare price controls for decades and have managed to keep my head above water. Barely.
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Home equity tapped out? Here are income options for seniors
LA Times Business Section
original link- http://www.latimes.com/business/la-fi-retire11-2009jan11,0,844950.story
Possibilities include downsizing your home, selling assets, working longer and taking out a reverse mortgage. Each has its challenges and risks.
Associated Press
January 11, 2009
The safety net is almost gone, the nest egg is cracking.
Many Americans have recently found themselves changing their retirement plans after losing a substantial amount of home equity as the housing market and the overall U.S. economy struggle. These folks face years of living on fixed incomes from sources such as pensions, 401(k)s, individual retirement accounts and Social Security but don’t have the time to recover their losses.
Homeowners who tapped their home equity find themselves with no more funds to extract. Some have been laid off, relinquished their home in a foreclosure or lost pensions after their employers’ business failed. Ideas of a comfortable retirement full of relaxation and travel have been abandoned.
The Consumer Electronics Show’s inaugural Silvers Summit focuses on the intersection of baby boomers, their parents and technology.
http://www.latimes.com/features/health/la-fi-silvertech10-2009jan10,0,6318068.story
By Michelle Maltais
January 10, 2009
Reporting from Las Vegas — Remember when Grandma and Grandpa were confounded by the VCR? Today’s senior citizens are surfing the Web, gabbing on cellphones, Skyping with grandkids and firing up the Wii game [...]
Older folks like Wii, PCs and cellphones, too
Health issues forced Ted Campbell, 79, to give up real bowling in 1965. But Campbell, a resident of the Greenspring retirement community in Springfield, Va., bowls all the time now — on a Nintendo Wii video game system in a bowling league he organized at Greenspring.
Seniors like Campbell are helping dispel an age-old stereotype: that folks getting up in years have little or no interest in the latest technology. Video games, PCs, cellphones and such can help keep minds and bodies sharp. Tech companies are starting to pay closer attention to the mature market, and to folks with physical disabilities.