AIG Executives Say They'll Quit
The New York Times has a Reuters report that five AIG executives wrote letters on December 1 stating they may quit if their salary and bonuses are cut.The senior executives at American International Group
Economy
Stories related to the economy and economic conditions.
Broken Wrist a Pre-existing Condition
Today’s stupid health insurance company tricks includes one lady’s experience of having her insurance company deny paying for the treatment of her broken wrist because it was a “pre-existing condition,” my experience with having denial codes that even the insurance company can’t explain, and the writings of some conservatives who say we can’t reform heath care insurance because it would make a more decent society and let us enjoy more leisure time.
Read moreCineBistro in Hyde Park
CineBistro is a concept created by Cobb Theaters. Each features an upscale, yet inviting and comfortable atmosphere in which to dine while watching a major motion picture. It was, for us, a pleasant experience, but I think to do the whole thing (dinner and movie), the cost is a bit high. We’ll see how well the concept can catch on. Lay thinks they won’t make it. I think they might.
Read moreRobert Reich Explains the Public Option
Former Labor Secretary Robert Reich explains what a public option for healthcare coverage really means for working people.Pass it on to everyone you know. We can’t let the insurance companies decide who gets care and who doesn’t.
Read moreBillionaire Insurance CEO's – $102k per hour salaries
Ed Schultz of The Ed Show interviews Robert Greenwald about an investigative report on the CEO of United Health Care Group. Turns out the guy is making about $102,000 per hour. At one point a few years ago his salary alone accounted for $1 in every $700 spent on healthcare in America. The fact is, in this country we have always recognized that some things are not best left to the marketplace.
Read moreBill Moyers Explains Money, Politics and Healthcare Reform
As is so often the case, Bill Moyers does another outstanding job of pointing out the differences in how healthcare is viewed. I continued to be amazed at the absolute stupidity of people who can’t understand that their version of “free market” healthcare is not, and will not work. In the free-market, companies are out to make a profit. They don’t make a profit by paying for your care.
Read moreSingle Payer Health Care-The Only Option
Leave it to Bill Moyers to be the voice of sanity in an otherwise insane discussion about healthcare reform. A recent report showing the majority of bankruptcies in America are healthcare related (and most of those people have healthcare insurance) should be causing Americans to demand that our Congress Critters take a serious look at single payer as the only real way to reform healthcare.
Read moreGotta Love Chuck Schumer
Chuck Schumer is calling bullshit on these Republican Governors who are grandstanding on the stimulus bill. According to Talking Points Memo Schumer has written a letter to the White House saying the stimulus bill does not include any provision allowing Governors to pick and choose which parts of the stimulus money they want to take. Schumer is telling the Administration to tell the governors that it’s all-or-nothing.
Read moreDiebold in Deal With Wal-Mart?
The Raw Story is reporting that some bloggers have been checking out the telephone and address listings for the many offices Diebold is claiming to have around the country. It turns out that most of them have phones numbers that go unanswered and the listed addresses turn out to be Wal-Mart or Sam’s club addresses.
Read moreHope Daschled?
OK, I couldn’t resist that one. But the real question is…does anyone in Washington bother to pay their taxes? Having just filed mine, and seeing just how much I paid, this all sets me back on my heels a bit. Apparently even the guy picked to head the Treasury Dept. (including the IRS) has problems being clear about the tax code.
Read moreRepublicans Continue to Fall Back In It
As in “Shit and fall back in it.” The Republican plans were completely repudiated in the last election, they are scrambling to try to dress up the brand, and their only solution is to try and obstruct an economic recovery. It seems they went off to their big annual meeting, and applauded each other because every one of the Republicans in Congress voted No on the economic stimulus package.
Read more