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In The Morning News

Posted By Dave Goldstein On April 25, 2008 @ 7:38 am In Bulletin Today | No Comments

MarketWatch [1]: Advice On Finding Health Insurance After Job Loss
“When your health insurance is sponsored by your employer, as it is for 158 million Americans, losing your job or having your hours reduced can amount to a double whammy: Gone not only is your income but the health coverage you counted on.” Many workers come to depend upon their spouses plan, but if that’s not “available to you as a back-up, there’s always Cobra” which “allows you to continue on your employer’s plan generally up to 18 months after a job loss.” And “buying a policy on the individual market” is a possibility, but pre-existing conditions can get workers “outright denied or stuck with a huge premium for coverage.” Gerencher writes, “Between high prices and obstacles to getting coverage outside of the employer-based system, it’s no wonder 47 million people are uninsured.”
Chicago Tribune [2]: Boomers Drive Demand For New Muscle Cars
According to one garage owner, “The new cars feel like a nostalgia market to me,’ he says. … And he’s not talking Generation X-or Y, for that matter. ‘They’re all into “Fast and Furious”; this is a last hurrah for the Boomers.’ New York-based generational analyst Ann Fishman agrees,” saying, “Boomers are a nostalgic generation. They dwell on their youth, particularly the cult of the ’60s.” And Colin Comer, author of the “Million-Dollar Muscle Cars: The Rarest and Most Collectible Cars of the Performance Era” says, “With the incredible technology available there are lots of ways to keep the traditional V-8 alive. A huge indication that fuel prices and m.p.g. aren’t an issue is all the aftermarket support for “retro-muscle”-superchargers, turbos, headers, exhausts. It’s still 1969.”
MarketWatch [3]: Worker Shortage Will Replace Unemployment
“Though we wisely worry about rising unemployment during this recession of 2008, there is another, quite different problem that soon will confront the nation: a shortage of workers.” The problem “is coming largely because the fabled baby boom generation was so huge — 75 million Americans born in the 18 years from 1946 to 1964 — that no other generation can be expected to match it any time soon.” According to W. Stanton Smith, an analyst at Deloitte LLP, “an estimated 24 million baby boomers will have left the active workforce, primarily from executive, administrative, and managerial jobs.”


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URLs in this post:

[1] MarketWatch: http://blogs.marketwatch.com/healthmatters/2008/04/24/health-insurance-options-after-a-job-loss/?mod=MWBlog

[2] Chicago Tribune: http://www.chicagotribune.com/business/chi-trans-challenger-0427apr27,1,1900774.story

[3] MarketWatch: http://www.marketwatch.com/news/story/weak-job-market-not-long/story.aspx?guid=%7BAF5372A0%2DF757%2D4D39%2DB771%2DBF3A677991BE%7D&dist=msr_2

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