The Senate Homeland Security and Governmental Affairs Committee issued the following testimony on Jan. 28 by Henry J. Aaron at a hearing entitled “Examining the Root Causes of America's Unsustainable Fiscal Path”:. Projected fiscal shortfalls pose an important long-term challenge to U.S. policy makers. *fulfilling current commitments to the elderly and…
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The Senate Homeland Security and Governmental Affairs Committee issued the following testimony on Jan. 28 by Brian Riedl at a hearing entitled “Examining the Root Causes of America's Unsustainable Fiscal Path”:. And if interest rates merely rise back to 1990 s levels, that would push the projected annual budget deficit to $3 trillion in ten years.
In a move that will likely have deeply harmful effects, Wisconsin next week will become the first state to implement a policy to take Medicaid away from people in poverty who don't pay premiums– and the latest to impose harmful barriers on health coverage for those in or near poverty. Federal law requires that a state waiver of Medicaid law, like the one Wisconsin…
Jan. 28– A powerful magnitude 7.7 earthquake struck 86 miles northwest of Jamaica on Tuesday afternoon, sending seismic energy that could be felt throughout the northern Caribbean and as far as coastal Florida. The earthquake and ensuing aftershocks opened sinkholes on the Cayman Islands and swayed buildings from Jamaica to downtown Miami.
—The head of a company involved in a massive explosion in Houston that killed two workers and injured 20 others on Tuesday backtracked on a pledge he had made earlier in the day to fix the hundreds of structures damaged by the blast. John Watson, who is the CEO of Watson Grinding and Manufacturing, had told KTRK-TV on Tuesday,“ I will repair all the damaged homes…
Mexico tries to sell presidential jet to Canada; raffle next Mexico anti-obesity activists win fight for food warnings India, Brazil agree to boost ties in IT, biofuel and mining GM's Cruise heads down new road with new robotaxi concept Brazil prosecutors charge Vale, individuals in dam disaster US allows Chevron to keep drilling in Venezuela for 3 months…
Jan. 28– A Gainesville doctor and his former wife were sentenced Monday to multiple years in federal prison and ordered to pay restitution for filing more than $4.4 million in fraudulent claims to Medicare and Blue Cross Blue Shield. Harris and Schabert were convicted by a Gainesville jury in October. Schabert, a licensed osteopathic physician, and Harris, a…
Jan. 28– Jody L. Lomeo announced Tuesday that he plans to step down as CEO of Kaleida Health, the region's largest hospital system and its largest private employer, at the end of this year. March to June 2016: Kaleida, late to the game of building ties with small, outlying hospitals, announces affiliation agreements with hospitals in Dunkirk, Irving, Lockport, Olean and…
J. Richard Thomas, a former Equitable Life Assurance Society representative who was a member of numerous boards, died Jan. 19 of complications from heart disease at the Brightwood Retirement Community in Lutherville. He was also a direct descendant of James Thomas, who was Maryland governor from 1830 to 1833, and lived at Deep Falls Farm in St.
New CBO Numbers A Reality Check, Concord Coalition Says
–The Concord Coalition said today that new Congressional Budget Office projections showing federal deficits and debt steadily rising over the next 10 years and leaping to historic highs over the longer term are an alarming signal that action is required to put the budget on a more sustainable path. “Today's update from CBO provides a sobering reality check on…
Starwood Property Trust Announces Updated Tax Reporting Information
–Starwood Property Trust, Inc. today announced updated tax treatment for the Company's distributions on its common stock paid with respect to the calendar year ended December 31, 2019:. About Starwood Property Trust, Inc.. Starwood Property Trust, is a leading diversified finance company with a core focus on the real estate and infrastructure sectors.
Jan. 28– FRANKFORT– House Republicans filed a public assistance reform bill Monday aimed at encouraging people who receive public assistance to join the workforce. House Bill 1, filed by House Speaker Pro Tempore David Meade, R- Stanford, is considered a priority for House Republicans. House Speaker David Osborne, R- Prospect, said it would move quickly through the…
The Chicago- based parent company of Blue Cross and Blue Shield of Illinois is eliminating about 400 middle management positions, the company confirmed Tuesday. Health Care Service Corp. is eliminating the jobs this week from“ various company locations to reduce organizational redundancy and improve decision making efficiency,” spokesman Greg Thompson…
–In response to the Coronavirus outbreak, The Center for Disease Control has issued a Level 3 Warning and the U.S. Department of State has issued a travel advisory for the affected destinations. Popular Attraction Closures Not Covered Reason to Cancel Travelers with visits planned to unaffected areas in China may still feel the effects of the outbreak, due to…
Joseph Gulluni Jr., the 63- year-old man accused of setting a fire that forced two of his tenants to flee for their lives, was arraigned on arson and other charges in Worcester Superior Court Tuesday. He will remain out on $75,000 cash bail, the money he posted after he was originally arraigned in district court. Gulluni Jr., a cousin of Hampden District Attorney…
Aflac Incorporated to Release Fourth Quarter Results on February 4, 2020
–Aflac Incorporated announced today that it will release fourth quarter financial results after the market closes on February 4, 2020. The following executives will be available to answer questions: Aflac Incorporated Chairman and Chief Executive Officer Daniel P. Amos; President and Chief Operating Officer of Aflac Incorporated Frederick J. Crawford;…
AIG to Participate in the BofA Securities Insurance Conference
American International Group, Inc. today announced that Peter Zaffino, AIG’ s President and Global Chief Operating Officer, and Mark Lyons, AIG’ s Chief Financial Officer, will participate in a fireside chat at the BofA Securities Insurance Conference on Thursday, February 13, 2020 at 12:35 p.m. ET in New York. American International Group, Inc. is a leading…
Reinsurance Group of America Reports Fourth Quarter Results
Reinsurance Group of America, Incorporated, a leading global provider of life reinsurance, reported fourth quarter net income of $235 million, or $3.68 per diluted share, compared with $110 million, or $1.72 per diluted share, in the prior-year quarter. Adjusted operating income* totaled $219 million, or $3.43 per diluted share, compared with $222 million, or…
W. R. Berkley Corporation Reports Fourth Quarter and Full Year Results
W. R. Berkley Corporation today reported fourth quarter growth in gross premiums written of 10.1% and full year 2019 return on equity of 12.5%. Return on equity of 12.5%. Total capital returned to shareholders was $326 million, including $308 million of ordinary and special dividends and $18 million of share repurchases. Before dividends and share repurchases,…
