Private golf clubs stave off bankruptcy, and more
Nationwide, more than 500 private golf clubs are at serious risk of closing, as recession-racked members have resigned in record numbers.
Private golf clubs stave off bankruptcyNationwide, more than 500 private golf clubs are at serious risk of closing, as recession-racked members have resigned in record numbers. To stave off bankruptcy, clubs have been lowering dues and—gasp—opening courses to the general public for a fee.The Washington Post
One homeowner helped, 399,999 to go In October, the Federal Housing Administration launched the Hope for Homeowners program, setting aside $300 billion to help 400,000 homeowners avoid foreclosure. So far, only one homeowner has benefited from the program, due to red tape, expensive fees, and insufficient incentive for lenders to participate. ProPublica.org
Rockers in their 60s dominate summer toursThis summer’s concert calendar is dominated by rockers in their 60s. Among those on tour are Crosby (67), Stills (64), and Nash (67); Joe Cocker (64); the Rolling Stones (Mick Jagger is 66); the Doobie Brothers (co-founder Patrick Simmons is 60); and Loggins & Messina (both 61). Chicago Tribune
Fewer fans attend Major League Baseball games Major League Baseball attendance is down 5.3 percent so far this season, with 19 of 30 teams drawing fewer fans. Overall, teams are averaging 28,693 fans per game.New York Daily News
Early retirements strain Social Security systemThe already-strained Social Security system has seen a surge in early retirements. Claims are up 25 percent over last year, as laid-off workers decide to seek Social Security benefits before age 66. Los Angeles Times