Urban Institute News
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During his 2008 presidential campaign, Barack Obama relied on a standard applause line, a promise that his health-care plan would “lower premiums by up to $2,500 for a typical family per year.” Cue cheers -- or jeers if you were a health-policy expert. For them, his vow was ridiculous. There was no time frame attached to the promise. There was no plan for realizing it. It was change no one quite believed in. He might as well have promised every American a puppy.
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Teddy Roosevelt once said “the best prize that life has to offer is the chance to work hard at work worth doing.” Recent research suggests he may have been more right than he knew: Life’s “best prize” might actually extend life itself.
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Minorities seeking to rent or buy homes are shown fewer available units than whites, according to a study released today by the U.S. Department of Housing and Urban Development.
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President Barack Obama says Social Security and Medicare fulfill “the guarantee of a secure retirement,” providing Americans benefits they have earned through a working lifetime of contributions.
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The vast majority of older Americans, facing steep and rising health-care costs that threaten to bankrupt them, are doing little to protect themselves. Ninety percent of people don't buy long-term care insurance policies, for example. The reasons why are simple: Not only are policies expensive and confusing; many leading insurers have stopped selling them.
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The vast majority of older Americans, facing steep and rising health-care costs that threaten to bankrupt them, are doing little to protect themselves. Ninety percent of people don't buy long-term care insurance policies, for example. The reasons why are simple: Not only are policies expensive and confusing; many leading insurers have stopped selling them.
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The jobless rate in the poorest part of the District of Columbia is higher than in any U.S. metropolitan area with a labor-force of comparable size, according to figures released by the city government.
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Since 1862, an obscure company called American Bureau of Shipping has been approving oceangoing vessels as seaworthy. The Houston-based firm reported $3.17 billion in revenue and just less than $600 million in profits from ship inspections from 2004 to 2010 and paid no U.S. income taxes on those earnings.
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In the four years since Lindsay Pettingill moved near Howard University in Washington, D.C., she has seen the growing mark of young newcomers like herself: The booming farmers’ market, the Macintosh laptops at the café, even the occasional Red Sox cap when the team comes to town.
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We’ve all heard it: Social Security is broke. Worse, it’s a grand Ponzi scheme, according to one politician. The great fear for many Americans is that Social Security will run out of money to pay benefits to millions of retirees, leaving a generation of elderly Americans destitute. The recent mini crisis over raising the debt ceiling only fueled concerns that benefit checks might not go out as scheduled if the debt ceiling had not been raised.
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