With President Obama still glowing over last week's passage of health-care reform, it's a good time to ask why American businesses ever began providing health-care coverage, and especially prescription drug benefits, to begin with. Out of all industrialized nations, only the United States has tied employment to health care and retirement coverage.
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Dead $14 billion loophole could sink corporate health care
Posted by skelllie 119 days ago (http://money.cnn.com)
Nissan will sell electric car for just over $25K (AP)
Posted by skelllie 123 days ago (http://us.rd.yahoo.com)
Nissan's new electric car will cost just over $25,000 when it goes on sale in the U.S. in December, aiming to bring gasoline-free technology within reach of mainstream drivers.
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Economy the focus as China political session ends (AP)
Posted by skelllie 140 days ago (http://us.rd.yahoo.com)
Mao Zedong's grandson couldn't have put it more simply. China's biggest challenge? "Economic development," he said, as the nation's most public political meetings end with sweeping goals to expand growth -- and helping more Chinese enjoy it.
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Stimulus funds nearly 600,000 jobs last quarter
Posted by skelllie 181 days ago (http://money.cnn.com)
The White House's massive stimulus plan funded 599,108 jobs in the fourth quarter, administration officials said Saturday.
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Toyota's president to visit China on Monday (AP)
Posted by skelllie 153 days ago (http://us.rd.yahoo.com)
Fresh from a grilling by U.S. lawmakers, Toyota President Akio Toyoda will speak Monday in China about his company's quality problems, seeking to boost confidence and ease consumer worries in the world's biggest auto market.
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Watchdog: Bailouts created more risk in system (AP)
Posted by skelllie 181 days ago (http://us.rd.yahoo.com)
The government's response to the financial meltdown has made it more likely the United States will face a deeper crisis in the future, an independent watchdog at the Treasury Department warned.
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As stocks keep rallying, IPOs return (AP)
Posted by skelllie 317 days ago (http://us.rd.yahoo.com)
Coming off its worst year in three decades, the market for initial public offerings is starting to show signs of life. Eight companies are looking to raise as much as $3.7 billion when they go public next week, the most activity the U.S.
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Obama's top 10 stocks
Posted by skelllie 442 days ago (http://money.cnn.com)
When it comes to policy, President Obama is moving like lightning. But when it comes to his investments, he's playing it cool.
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Obama wins business support for health care reform
Posted by skelllie 446 days ago (http://money.cnn.com)
President Obama will announce Monday that he has secured the commitment of several industry groups to do their part to rein in the growth in health care costs.
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Health groups offer $2 trillion in cost savings (AP)
Posted by skelllie 446 days ago (http://us.rd.yahoo.com)
President Barack Obama's plan to provide medical insurance for all Americans took a big step toward becoming reality Sunday after leaders of the health care industry offered $2 trillion in spending reductions over 10 years to help pay for the program.
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Obama will slice budget by $17 billion
Posted by skelllie 450 days ago (http://money.cnn.com)
The White House on Thursday will detail a proposal to save $17 billion next year by eliminating or reducing 121 federal programs, according to a senior administration official.
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Bank stress tests show some banks need more funds (AP)
Posted by skelllie 450 days ago (http://us.rd.yahoo.com)
Some of the nation's largest banks will be scrambling to demonstrate that they can raise capital after results of government stress tests leaked out, showing many need more funds. The Treasury Department will officially release results later Thursday.
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Read the Fed's statement
Posted by skelllie 458 days ago (http://money.cnn.com)
The following statement was posted on the Federal Reserve Web site on April 29, 2009:
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Obama taps czar to help autoworkers
Posted by skelllie 487 days ago (http://rss.cnn.com)
More pain is on the way for the people and communities that depend on the automotive industry. That's why President Obama has appointed an autoworker czar to look out for them.
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He could have been a contender
Posted by skelllie 489 days ago (http://rss.cnn.com)
The resignation of General Motors chairman and CEO Rick Wagoner has been rumored for weeks, if not months.
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China challenges US global financial leadership (AP)
Posted by skelllie 490 days ago (http://us.rd.yahoo.com)
The only major economy still growing at a fast clip, China is being unusually forthright in challenging the U.S.-led global order ahead of an April 2 summit on the financial crisis.
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Stocks rise on relief over earnings, debt auction (AP)
Posted by skelllie 492 days ago (http://us.rd.yahoo.com)
Wall Street's March rally gained momentum on Thursday -- this time, thanks to surprisingly good earnings from some major consumer brands.
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Sources: Extensive regulatory overhaul planned (AP)
Posted by skelllie 492 days ago (http://us.rd.yahoo.com)
The Obama administration is proposing an extensive overhaul of financial regulations to increase oversight of such exotic instruments as credit default swaps that have been blamed for contributing to the worst financial crisis to hit the country in seven decades.
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