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Louisiana teachers' union concerned about educators' future; Supreme Court hears arguments in Trump immunity case; court issues restraining order against fracking waste-storage facility; landmark NE agreement takes a proactive approach to CO2 pipeline risks.

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Speaker Johnson accuses demonstrating students of getting support from Hamas. TikTok says it'll challenge the ban. And the Supreme Court dives into the gray area between abortion and pregnancy healthcare, and into former President Trump's broad immunity claims.

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The urban-rural death divide is widening for working-age Americans, many home internet connections established for rural students during COVID have been broken, and a new federal rule aims to put the "public" back in public lands.

Business is Booming for CA Baby Boomers

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Thursday, March 28, 2013   

Business is booming for many of California's baby boomers who own small businesses, thanks to investments in Social Security and Medicare, according to a new report.

The report, released by the Main Street Alliance and Social Security Works, found that any cuts to these programs would be devastating.

Richard Eskow, an owner of a small financial-consulting company, said he's counting on these programs when he retires.

"For people who live - and are expecting to live - on limited incomes, which is the vast majority of us, it's no small matter," he said. "It's upsetting to me to see it treated as such when it's discussed politically in Washington."

Some political leaders are proposing deep cuts in the programs to help reduce the deficit. Analyzing data from the U.S. Census Bureau, the report found more than one-third of California small-business owners are older than 55 and approaching retirement age.

Potential cuts to Social Security would hurt small businesses at the cash register by weakening the economy and consumer confidence, the report found. Eskow said this overall sense of insecurity means fewer customers for his financial planning business.

"People are just uncertain about their long-term future," he said, "so they're less willing to invest, for example, in the kinds of planning services I can offer them because they don't know their own personal situation."

Even a 3 percent cut in Social Security benefits would take $1.9 billion out of California's economy, the report found. It suggested that Congress actually increase the benefit to help in the economic recovery.

The report is online at mainstreetalliance.org.


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