Check back often for the latest news.
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Bill Clinton Said to Accept Terms of Obama Team
Nov 20, 2008 — New York Times
Clinton’s fate and the possibility that Mr. Obama and the Clintons confirmed them on Wednesday. Obama’s Senate office, will be cabinet secretary.
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Daschle to join Obama's Cabinet
Nov 20, 2008 — Los Angeles Times
Daschle carries deep scars from the partisan battles that Obama has campaigned against. Daschle has proposed giving all Americans access to the current healthcare system for federal employees, which relies on private insurers. Obama made a similar proposal on the campaign trail.
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Deductibles march higher for employer-provided health insurance
Nov 20, 2008 — Los Angeles Times
Lisa Girion Employers are dramatically shifting healthcare costs onto workers, so much so that the average annual deductible for an individual surpassed $1,000 for the first time this year, according to a new study. But it's not thinking 10 years down the road." There is mounting evidence that people are skipping checkups, tests and other medical care to cut their own expenses. At the same time, he didn't want high deductibles to discourage employees from getting preventive care.
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Defiant Mayor Won't Promise to Send $400 Rebate
Nov 20, 2008 — New York Times, A1
Bloomberg had a “Let them eat cake” attitude toward the homeowners. Bloomberg, rejected any suggestion that the mayor was insensitive to residents’ desire to receive the rebates, noting that the mayor himself initiated the rebate program in his first term. Bloomberg talked about the rebates within the context of the city’s overall budget squeeze.
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Defying Slump, Developers Plan 60-Story Hospital Industry Center on West Side
Nov 20, 2008 — New York Times
“Under normal conditions, Israel Green and Extell could — and did — raise a lot of money,” the executive said. Levin said of the plan for the World Product Centre. Perlman said that several companies had expressed interest, though none had yet signed a lease.
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East Hampton, Southold, Shelter Island adopt budgets
Nov 20, 2008 — Newsday
East Hampton could find itself another $3 to $4 million in debt, forcing it to borrow all of the $15 million it has been authorized to bond to cover its accumulated debt. McGintee said he has no option but to change the health insurance for the town's 500 workers, and if an arbitrator rules it cannot be done, his only alternative would be layoffs sometime next year. In Southold, the town board on Tuesday unanimously adopted a $57.1-million budget that will require a tax rate...
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Health Insurers Offer to Accept All Applicants, on Condition
Nov 20, 2008 — New York Times
Obama, to expand coverage and rein in health care costs. Clinton said that everyone should be required to have coverage. While insurers would be required to sell insurance to any applicant, nothing would guarantee that consumers could afford it.
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Levy's apology called less important than his actions
Nov 20, 2008 — Newsday
Some urge an executive order mandating that crime victims not be asked their immigration status. Police Commissioner Richard Dormer said detectives circulated about 500 bilingual fliers in the Patchogue community seeking information about other potential crime victims.
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Moody's reports question health of health-care industry Service predicts fewer elective procedures, credit troubles for hospitals
Nov 20, 2008 — Chicago Tribune
...devices to insurance companies, revising the health-care industry's 12- to 18-month outlook to "negative" from "stable." Moody's sees fewer patients seeking medical care, particularly elective surgeries, while more people could lose their health-care coverage altogether. Such trends will lead people to delay getting medical care or avoiding treatment. "The challenges facing the hospital sector lead us to expect softening demand for certain medical products," Diana Lee, Moody's...
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Obama's Pick of Daschle May Test Conflict-of-Interest Pledge
Nov 20, 2008 — New York Times
Obama’s campaign promises to limit potential conflicts of interest among his appointees. Daschle’s role in the transition, she said he would recuse himself from any conflicts of interest. Daschle’s wife, Linda Daschle, is a prominent lobbyist for aerospace and military concerns.
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Our Towns: Immigrant's Death Overshadows a Debate
Nov 20, 2008 — New York Times
Phil Ramos, a state assemblyman, and Ricardo Montano, a county legislator, said Mr. Levy, said he doesn’t agree with Mr. Levy that are beyond the norm for the immigration debate.
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Chinese automakers look help
Nov 19, 2008 — CNN
Chinese automakers face similar challenges in terms of slowing sales and exports. Most Chinese automakers already have some advantages. They also benefit from requirements that foreign automakers operate through joint ventures controlled by Chinese partners.
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Insurers make pitch for health coverage mandate
Nov 19, 2008 — Los Angeles Times
That legislation is expected to closely track the proposals of President-elect Barack Obama. However, Obama separated himself from his Democratic challengers by opposing an individual mandate for adults to buy health insurance. But the insurers say experience in the states shows the coverage guarantee often makes it harder for people to find coverage.
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Levy apologizes to family of Patchogue stabbing victim
Nov 19, 2008 — Newsday
They do not ask a victim's immigration status. Illegal immigration is something I and many others oppose. The Village of Patchogue is a tolerant, diverse community.
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Paulson resists Democrats' call to rescue homeowners
Nov 19, 2008 — Los Angeles Times
In a speech to the conference Monday, former Treasury Secretary Lawrence H. Summers cited a report by Goldman, Sachs & Co. that suggests the stimulus should be $500 billion to $700 billion. Summers is widely considered a top candidate to be Obama's Treasury secretary. Democrats last week dropped plans to offer in the current Congress a stimulus plan of as much as $150 billion, citing Republican opposition.
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Stimulus: Risk of waiting for Obama
Nov 19, 2008 — CNN
Achuthan has said he doesn't see an economic recovery on the horizon yet. You can't save it now." Yamarone was one of 51 economists surveyed recently by the Federal Reserve Bank of Philadelphia. Thirty-five of the 51 economists made their predictions assuming a roughly $200 billion stimulus package would be in place.
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The mythmakers are also the myth busters
Nov 19, 2008 — Los Angeles Times
That suggestion willfully ignores a lot that papers are writing. Kurtz wonders, "Can anyone imagine this kind of media frenzy if John McCain had managed to win?" No. Just as no one could have imagined a public and media furor over the election of Jimmy Carter, or Bill Clinton or George W. Bush.
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'I.O.U.S.A.': Tackling the national debt
Nov 18, 2008 — CNN
We have unfinanced war costs, a new Medicare prescription drug benefit, unfinanced tax cuts and now the bailouts. That's not only fiscally irresponsible; it's morally reprehensible. Q. How can we lower the debt?
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Americans Skip Care
Nov 18, 2008 — New York Times
RONI CARYN RABIN More than half of Americans with chronic health problems like diabetes, heart disease, cancer and depression skip pills and doctors’ appointments because of their costs, according to a new survey by the nonprofit Commonwealth Fund. The study, published online last week in the journal Health Affairs, compares 7,500 patients in the United States and seven other countries that provide universal health insurance: Australia, Britain, Canada, France, Germany, the Netherlands and New...
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Congress Remains Divided on Bailout
Nov 18, 2008 — New York Times
Reid met with the six new Democratic senators, who will give Democrats a greater advantage in the new Congress. Counting Democrats elected to replace retiring members of their own party, more than 30 new Democrats will join the House. Hoyer said in a draft of his speech.
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Dealbook: A Bridge Loan? U.S. Should Guide a Helpful Chapter 11
Nov 18, 2008 — New York Times
O’Neill: your company is asking the taxpayers — many of whom don’t have health care coverage — to pay your salary and health insurance. The government should establish a warranty insurance fund that would insure the warranties of all G.M. and Chrysler vehicles bought while the combined company is still operating under bankruptcy protection. The cost to taxpayers should be next to nothing, assuming the company survives and can takeover the warranty obligations.
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Democrats propose $25 billion in loans for carmakers
Nov 18, 2008 — Los Angeles Times
But prospects are even dimmer for those additional stimulus proposals, and Senate Majority Leader Harry Reid (D-Nev.) said he would try to pass the automaker aid separately if the broader package failed. House Democrats on Monday night released their own $25-billion loan package proposal for the automakers, which included some tougher restrictions and conditions. Both Democratic plans call for tapping the existing $700-billion Wall Street rescue package to help automakers.
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Detroit bailout: 7 key questions
Nov 18, 2008 — CNN
What happens if an automaker goes bankrupt? What are advantages of an automaker going into bankruptcy? Most of them would lose that coverage if their company goes out of business.
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Holder Seen as Obama Choice for Justice Post
Nov 18, 2008 — New York Times
Holder was likely to be nominated as attorney general leaked out as Mr. Holder went on to serve as an adviser to Mr. Holder as attorney general, his role in the pardon of Mr.
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Kidney Disease Takes a Growing Toll
Nov 18, 2008 — New York Times
Patients get dialysis or a kidney transplant only when they are in the final stage of the disease, also known as kidney failure or end-stage renal disease. “Only a tiny percentage of patients with kidney disease need dialysis,” said Dr. In 2006, the organization published new guidelines for treating anemia associated with chronic kidney disease.
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Mayor Lacks Power to Block $400 Rebates
Nov 18, 2008 — New York Times, A1
Any elimination of the popular rebates requires City Council approval, budget director Mark Page acknowledged. The mayor’s cancellation of the rebate had met with fierce opposition from council members and ordinary citizens, who were taken aback by Mr. Weprin, a former finance executive who is no stranger to bond prospectuses, thinks there was a simpler explanation: The mayor’s budget aides did not clear the rebate cancellation with their legal team.
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Mother charged with criminal neglect: Paramedics find paralyzed son in need of care
Nov 18, 2008 — Chicago Tribune
Lorraine Scaduto said Monday in criminal court. "Some of the bedsores were so deep that his bone was exposed. One woman said she recalled a foul odor in the building on only one occasion. The victim was taken to St.
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Mother is charged in criminal neglect Paramedics find paralyzed son in need of care
Nov 18, 2008 — Chicago Tribune
Scaduto said Monday in criminal court. "Some of the bedsores were so deep that his bone was exposed. One woman said she recalled a foul odor in the building on only one occasion. The victim was taken to St.
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Political temperature may be just right for healthcare overhaul
Nov 18, 2008 — Los Angeles Times
And businesses see new urgency in addressing the nation's healthcare crisis as they struggle to pay costs for medical benefits while sales plummet and profit margins shrivel. Healthcare providers are struggling to cover increasing costs with government and private insurance reimbursement schemes that are not keeping pace. Len Nichols, an economist who directs the health policy program at the New America Foundation, thinks Obama cannot wait to act on healthcare.
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Skepticism greets Beijing's stimulus plan
Nov 18, 2008 — The Washington Times
He told local governments not to "waste a single minute" in upping investment to achieve "steady and relatively fast" economic growth. Mr. Roach, of Morgan Stanley, said that without the spending package, economic growth could have fallen to 6 percent in 2009.
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U.S. Attorney Steps Down in New Jersey, With a Record Disproving Early Critics
Nov 18, 2008 — New York Times
Christie to run for governor for months, were effusive in describing his accomplishments in office. “Since President Bush appointed him U.S. attorney, Chris Christie has been a strong contributing actor” in efforts to improve the ethical standards of New Jersey politics, Mr. Christie as the Republicans’ strongest potential candidate for governor next year.
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'Knight Rider' car technology comes to Long Island
Nov 17, 2008 — Newsday
If the driver doesn't heed the warning, the system will automatically apply the brakes. Cars that don't need drivers And then there is the "autonomous" car. On the way, riders will experience the future of car-to-car and car-to-road communications.
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A Deregulator Looks Back, Unswayed
Nov 17, 2008 — New York Times
Gramm left the commission in 1993, several lawmakers proposed regulating derivatives. Gramm had helped escape the scrutiny of regulators. Gramm for his insistence on deregulating the derivatives market.
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