The presidential election of 1932 was a political watershed for the United States. Herbert Hoover, seeking re-election on the Republican ticket, was saddled with a deep depression. Though the independent Federal Reserve System was to blame for the mistaken monetary policy that converted a recession into a catastrophic depression, the president, as the head…
Aug. 6— Washington Insurance Commissioner Patty Kuderer said Wednesday her office is surging additional personnel to Spokane to answer questions and help those impacted by this weekend's Spokane Complex fires file insurance claims. Representatives from her office will be at Shadle Park High School, 4327 N. Ash St., from noon to 7 p.m. on Thursday and 9 a.m. to 7 p.m….
Two years ago, California hit a milestone decades in the making: Nearly every person in the state qualified for health insurance, regardless of immigration status and income, pushing the state's insured rate to a record 95 percent. Analysis at the UC Berkeley Labor Center and UCLA Center for Health Policy Research project California's uninsured rate could…
Aug. 5— A Federal Reserve governor told Anchorage business leaders on Wednesday that she's looking to raise interest rates if U.S. inflation doesn't come down. Lisa Cook, who this year survived an effort by President Donald Trump to oust her from the board of governors for the nation's central bank, was the keynote speaker at a luncheon held by the Anchorage…
Banco Santander announced Tuesday that its $12.2 billion acquisition of Stamford-based Webster Bank had been approved by the Federal Reserve, putting it on the verge of completing the deal. The authorization of the transaction by the Federal Reserve System's Board of Governors follows approvals by the Connecticut Department of Banking and federal…
These changes are contrary to Vermont's long-held "community rating" which mandates all people in the same group pay the same amount. Prior to establishment of Vermont's community rating, insurers denied coverage to people, refused to cover current and pre-existing conditions, and charged women higher rates than men. Governor Scott's focus on the cost of…
Most adult Americans take at least one prescription drug, and for too many, getting that prescription filled means battling the very system that's supposed to help them. Insurance denials have become alarmingly routine. And even when patients manage to access treatment, affordability remains a major challenge: nearly 60% of U.S. adults worry about being able…
In his campaign to remake the Federal Reserve, Chair Kevin Warsh has engaged what he calls the "very best minds." Yet there is a conspicuous absence from the various task forces he has created: anyone representing regular people or labor organizations. Fortunately, the Fed does not need a new task force to hear from the public— it just needs to listen to the Americans…
The continuing consistency reflects in broad terms the strategic commitment of new Fed Chairman Kevin Warsh to focus on data, not drama or political pressures. This laudable high-minded commitment is more easily declared than achieved in Washington at any time, but especially in the current intensely charged environment. The three dissenters were Beth…
