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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
May 02, 2006
Page
3
United States trustees warn Social Security will deplete its trust fund by 2040 and Medicare by 2018 to 2020, highlighting unsustainable long term financing. The report accompanies partisan debate as baby boomers near retirement and calls for entitlement reform study.
The trustees warn Social Security funds may run dry by 2040 with 74 percent of benefits payable from current taxes. Medicare Part B premiums are set to rise about 11 percent to 98.20 next year. Critics tie gaps to Bush tax cut permanence and tax policy shifts.
Bolivia faces rising gas demand for power, cooking, and transport and must sell to neighbors due to lacking a Pacific pipeline. The move mirrors Latin American pressure for greater profits from oil and gas, as Ecuador clashed with Washington over royalties and Chavez seized fields from Total and Eni. Bolivia holds South Americas second largest natural gas reserves after Venezuela and requires foreign producers to hand production control to the state oil company YPFB, per Morales. An Army spokesman did not respond to requests.
President Evo Morales ordered troops to occupy Bolivia's natural gas fields and refineries and threatened to evict foreign firms unless Bolivia gains full control of production. Soldiers and engineers from the state oil company were deployed to 56 locations following nationalization.
Illinois State Police captain off duty and hunting near Cobden in Union County accidentally shot two men at dawn on April 24. The shooting, near Cobden about 120 miles southeast of St Louis, is under investigation by the Department of Natural Resources. No charges filed. victims ages 65 and 50 treated and released.
In Abuja, Darfur rebels reject an African Union draft seen as short on political power and implementation detail. Government signals readiness to sign a peace accord but mediators urge compromise before the deadline.
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