Financial

Texans Get Millions in Health Insurance Rebates
Under the new federal Affordable Health Care Law, health insurance companies are required to refund a portion of their customers' premiums if the company spends less than 80 percent of its premium income on medical care.
Good News: Home Prices on the Way Up
In another sign that the national recession is easing up -- at least here in Texas -- the Lufkin News reports retail home prices are trending upward.  Local realtors say after several years of a "buyer's market", they're seeing clear signs of a turnaround. It's …
Taxes on Olympic Medals? Who Knew?
We didn't know it either, but it's true.  American athletes who win medals at the Olympics also get cash awards to go with the medal.  The IRS says the medals and the cash are taxable income.
BBB Warns of “Storm Chaser” Repair Scams
Storm chasers?  Aren't they the people who get their thrills by video'ing themselves chasing tornadoes?  Well, yes, but that's not who this story is about.  There's another group known as "storm chasers", and the Better Business Bureau says they a…
Lon Morris College Plans Fall Classes
With apologies to Mark Twain, it appears that reports of the "death" of the venerable Lon Morris College in Jacksonville may have been a little premature.  LMC is not, with apologies to the poet Dylan Thomas, going gentle into that good night.
Rising Property Values Raise Property Taxes
We have good news and -- maybe some bad news -- for some Angelina County home and land owners.  The good news is that the Angelina County Appraisal District says property values are finally going up - instead of down.  The bad news is that rising property values also mean higher property t…
Lon Morris College Files For Bankruptcy
Lon Morris College in Jacksonville is on life support financially, because it is so deep in debt it can't pay its bills or meet payrolls.  The situation is so critical that creditors were preparing to foreclose several buildings on the campus this week.
The Jacksonville Progress reports LMC…
Expert: Lon Morris Taking Right Steps to Survive
Lon Morris College in Jacksonville is flat broke and as close to going out of business as a school can be.  Years of adding and expanding programs, out of control spending, and borrowing to the hilt to pay for everything have finally caught up with the oldest two-year college in Texas.

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