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{ Monthly Archives } July 2009

Shalala: Health Revamp May Mean Doctor Shortage

If millions more Americans get health insurance, will there be enough doctors to handle the increase in patients? Donna Shalala, secretary of the Department of Health and Human Services in the Clinton administration, says right now, the answer is no. » E-Mail This      » Add to Del.icio.us

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HUD Chief Admits Gaps In Loan Modification Program

Shaun Donovan calls the 200,000 loans modified through the program since March a “significant achievement,” but says the pace will have to pick up to have a real impact. The agency was shooting to have 3 million to 4 million loans modified over three years. » E-Mail This      » Add to Del.icio.us

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Turf Wars And Details Bog Down A Banking Overhaul

Lawmakers are months behind the original goal of making sweeping changes to the nation’s financial regulations. Leaders agree that changes are needed, but they just don’t see eye to eye on what those changes might be. » E-Mail This      » Add to Del.icio.us

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Analyst On Cash-For-Clunkers Program

The government’s cash-for-clunkers program ran out of funds only days after it was launched. Gary Dilts, senior vice president of global automotives at the market research firm J.D. Power, offers his insight. » E-Mail This      » Add to Del.icio.us

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House OKs More Cash-For-Clunkers Funds

The House voted Friday to rush $2 billion more dollars into the government’s cash-for-clunkers program. It emerged Thursday that the $1 billion set aside to encourage purchases of fuel-efficient vehicles may be in danger of running out only days after the program began. » E-Mail This      » Add to Del.icio.us

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House Works To Limit Executive Pay

The House of Representatives took the first step toward an overhaul of financial regulation by passing a bill that aims to curb executive pay deemed excessive. The bill would give shareholders a voice in executive pay and allow federal regulators to restrict pay practices that might encourage risky behavior. » E-Mail This      » Add to Del.icio.us

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GDP Data Show Recession May Be Easing

The recession that began in December 2007 is likely still with us, but it appears to be fading. A report released Friday by the Commerce Department shows the economy contracted at a 1 percent annual rate during April through June. The new data also show the downturn was quite a bit deeper than previously thought. » E-Mail This      » Add to Del.icio.us

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Court Orders Shorter Sentence For Ex-Qwest CEO

Joe Nacchio was convicted in 2007 of 19 counts of insider trading. Prosecutors alleged he sold $52 million in Qwest stock based on nonpublic information that the company was at risk. The 10th Circuit Court of Appeals ruled Friday that the $52 million figure was too high. Instead, the figure used should have been Nacchio’s net profit resulting from illegal insider trading. » E-Mail This      » Add to Del.icio.us

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House Votes To Rein In Pay For Wall Street Execs

House lawmakers agree to limit how the executives get paid after nine banks that took government aid rewarded thousands of employees with bonuses topping $1 million each. The move defies President Obama’s suggestion of relying on incentives instead of intervention to curb excessive salaries and bonuses. » E-Mail This      » Add to Del.icio.us

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Southwest makes counter-bid for Frontier Airlines

DALLAS – (AP) Southwest Airlines Co. is trying to trump a rival bid and acquire Frontier Airlines, a Denver-based carrier operating under bankruptcy protection. The move could strengthen Southwest’s position in Denver and speed the low-cost carrier’s expansion into new markets suc See the original post: Southwest makes counter-bid for Frontier Airlines

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