Monday,  March 24, 2014 • Vol. 16--No. 251 • 23 of 28

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P IMPACT: No tsunami of flood insurance rate increases, but the waters will rise nonetheless

• JERSEY SHORE, Pa. (AP) -- This small, central Pennsylvania river town doesn't have beach homes or boardwalks, but it shares more than a name with the famous stretch of New Jersey coastline 250 miles to the east.
• Both are among the thousands of places around the U.S. where people could face trouble in the years ahead because of the rising cost of government-mandated flood insurance.
• Earlier this month, Congress sought to ease their fears of sky-high premiums by rolling back a 2012 reform ending the government's costly practice of offering subsidized insurance for older homes and businesses in flood zones. The president signed the bill Friday.
• But while the law was widely hailed as a victory for people who had seen their bills triple, quadruple or even increase 15-fold overnight, pocketbook pain for many has merely been delayed.
• As many as 1.1 million policyholders with subsidized government insurance will still be hit with steady rate increases. While no one is sure yet how high rates will go, there is cause for worry in cities and towns that rely on affordable policies to keep businesses afloat and prop up the local housing market.
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Egypt sentences 529 supporters of ex-president Morsi to death over violence, murder

• CAIRO (AP) -- A court in Egypt convicted 529 supporters of ousted Islamist President Mohammed Morsi and sentenced them to death on charges of murdering a policeman and attacking police in one of the largest mass trials in the country in decades.
• The majority of the defendants were tried in absentia while more than 150 stood trial in unprecedentedly rushed hearings that lasted only two days. Sixteen suspects were acquitted.
• The verdicts -- and the extremely harsh sentences -- are likely to be overturned on appeal, rights lawyers said after the trial ended in the city of Minya, south of Cairo.
• "This is way over the top and unacceptable," said attorney Mohammed Zarie,

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