0-9 | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

Image 1 of Park City Daily News April 23, 2012

Part of Park City Daily News

COMING UP SKyPAC first Toppers win Lost River Elementary first school to stage a show at Bowling Green facility. See Tuesday’s Learning Tomorrow SPORTS WKU beats Troy with RBI single in extra inning show at Nick Denes Field. Page 3B DAILY NEWS Park City Mostly sunny. 67/50 Details, Page 2A Year 157 – No. 114, 20 Pages, 2 Sections MONDAY APRIL 23, 2012 Bowling Green, Kentucky Aging workers strain services a life’s STORY By STEPHEN OHLEMACHER The Associated Press WASHINGTON — An aging population and an economy that has been slow to rebound are straining the long-term finances of Social Security and Medicare, the government’s two largest benefit programs. Those problems are getting new attention today as the trustees who oversee the massive programs release their annual financial reports. I don’t Medicare is in worse shape than Social Security know how because of rising health to make it care costs. But both programs are on a path to clear to the become insolvent in the coming decades, unless public, but in Congress acts, according to my mind the the trustees. Last year, the trustees sirens are projected the Medicare hospital insurance fund for going off.” seniors would run out of Mary Johnson money in 2024. Social Security’s retirement fund Senior Citizens was projected to run dry in League 2038, while the disability fund was projected to be drained by 2018. New projections in March gave a more dire assessment of the disability program, which has seen a spike in applications as more disabled workers lose jobs and apply for benefits. The nonpartisan Congressional Budget Office said the disability fund would run out of money in 2016. Social Security’s trustees are again urging Congress to shore up the disability system by reallocating money from the retirement program, just as lawmakers did in 1994. If the Social Security and Medicare funds ever become exhausted, both programs would collect only enough money in payroll taxes to pay partial benefits, the trustees said. “I don’t know how to make it clear to the public, but in my mind the sirens are going off,” said Mary Johnson, policy analyst for the Senior Citizens League. “I wouldn’t say we’re under attack, but we are in a very, very serious position.” Don’t expect the finances to look much better, if at all, in the new report. Tax revenues have started to rebound but they are still below prerecession levels. Also, this year’s cost-of-living adjustment, or COLA, was much higher than the trustees projected it would be. Last spring, the trustees projected that Social Security recipients would get a benefit increase of 0.7 percent for this year, but higher-thanexpected inflation pushed it to 3.6 percent. That was good news for seniors. but it drained more resources from the system. The trustees who oversee the programs are Treasury Secretary Timothy Geithner, Labor “ Estate sales hold details of a lifetime Above: Larry Parker of Parker Estate Services of Hendersonville, Tenn., walks Friday past dozens of paintings and other art at a home on Grider Pond Road. Above middle: Paige Corradetti (left) and her father, Thomas Cooke, go through dozens of boxes at Cooke’s Bowling Green home on Grider Pond Road. Top: Coins and paper money, including this Confederate bill, will be sold at an estate sale this summer. Jenny Cooke amassed a house full of clothes, jewelry, accessories, china and more, much of which has never been used. Larry Parker fingers a diamond ring worth $17,000, one of several gold and diamond pieces lying on a table. On a shelf, thousands of matchboxes are categorized in about 22 large folders. An old globe sits on another shelf, and the first word processor appears untouched nearby. And that’s just a small section of this house on Grider Pond Road. When Parker, an estate specialist, was asked to run the estate sale, he didn’t expect this. Most items in the over-packed home belonged to Jenny Cooke, an extravagant woman who relatives describe as an intense collector. “This is not run of the mill,” Parker said last week. In terms of interesting estates, “I think it’s going to be right at the top with some of the others.” It’s a high ranking from a man who has handled more than 2,200 estates over 38 years, most of them in California and some with amazing See JENNY COOKE, 6A Story by JENNA MINK • Photos by MIRANDA PEDERSON • the Daily News Logan hearing is Tuesday County leader seeks public input on permit for paid pole dancers By ROBYN L. MINOR The Daily News Logan County Judge-Executive Logan Chick expects to make his decision this week on whether to issue an entertainment permit to an Adairville business to allow it to have paid pole dancers. Chick will conduct a public hearing from 3:30 p.m. to 5:30 p.m. Tuesday at the Red River Fish and Game Club, 265 James Lake Road, on the issue. The hearing comes after Sheila Haley applied for a permit last month to have paid pole dancers at her Tenn-Tucky State Line Tavern. Haley splits the property See OPPOSITION, 6A Maximum time served Jim Martens recalls years of service on city’s audit committee By KATIE BRANDENBURG The Daily News Five years and three terms later, Martens was the last member of the original audit committee to serve. Last Monday was his final meeting. He When Jim Martens became a part of the Bowl- has served the maximum number of terms ing Green Audit Committee in 2007, he asked for allowed by ordinance. a one-year term instead of a two-year term, thinkMartens said it has been an honor for him to ing he would spend a year on the committee and then step down. See COMMITTEE, 6A Opinion 75¢ Newsstand 33¢ Daily Home Delivery See MEDICARE, 6A Call to serve It’s no surprise that the NRA is defending Florida’s gun laws. Man is one step closer to his dream after ordination service Saturday. Page 4A Page 1B KENTUCKY LOTTERY Sunday late Pick 3: 2-1-6 Pick 4: 7-0-2-1 Bowling Green Metalforming, a Division of Cosma Canada/USA (a Magna International Company) has several positions available. Check out our Ad in the Classified Section today for more information. Bowling Green Metalforming is an Equal Opportunity Employer JIM MARTENS ‘Gained more than I gave’ as member of city audit committee Index Classifieds .............. 2B Comics ............... 8, 9B Crossword .............. 9B Deaths .................... 5A Living .................... 1B Sports ..................... 3B Sudoku ................... 7B TV ........................ 9A

Hosted by the University of Kentucky

Contact us: