President Barack Obama today signs the Wall Street reform bill, a bill which is aimed to change the way big financial companies do business. It’s the biggest reform act of the financial regulatory system in the U.S. since the great depression. The reform bill is going to create a new council of regulators, the Financial [...]
Dozens of people were arrested on Friday in New York, Detroit, Houston, Baton, and in Miami. It was the nation’s largest Medicare fraud crackdown, and 94 people, including doctors, nurses, clinic owners were charged in scams totaling $251 millions. In some cases elderly russian immigrant received expensive treatments, that never occurred, and in one special [...]
President Obama announced the new national strategy for fighting HIV and AIDS. The goal is to cut infection rates by 25% in the next five years, treat 85% of infected people three months after diagnoses, and shift health funds to help gay people and African American men because they are at highest risk of contracting [...]
The White House announced that President Obama will Nominate Jacob Lew as the next director of the White House Office of Management and Budget. Jacob Lew served as President Bill Clinton’s budget chief between 1998 and 2001, worked as managing director of Citi Alternative Investments and he is currently the Deputy Secretary of State for [...]
Today’s announcement that the federal government intends to sue Arizona to block implementation of a state law designed to discourage illegal immigration is an attempt to intimidate other states from following Arizona’s lead, charged the Federation for American Immigration Reform (FAIR). While the Obama administration is prepared to go to court to prevent Arizona from [...]
President Obama called on Congress today to avert a 21 percent cut in payments to physicians who treat Medicare patients in his weekly radio address. He also reiterated his commitment to permanent reform of the Medicare physician payment formula. “I realize that simply kicking these cuts down the road another year is not a long-term [...]
Given the public outrage over the largest oil spill in U.S. history, public awareness of solar energy has increased through recent speeches by President Obama about solar energy. This year’s annual day of recognition for the growth of clean, solar energy in the U.S. is SolarDay 2010 – Saturday, June 19. The premise of SolarDay [...]
A federal judge in Atlanta unsealed an indictment today charging two former Atlanta-based Integrity Bank executives, Douglas Ballard, 40, and Joseph Todd Foster, 42, both of Atlanta, and hotel developer Guy Mitchell, 50, of Coral Gables, Fla., with various acts of conspiracy, bribery, bank fraud and/or securities fraud relating to over $80 million in loans [...]
Environmental Defense Fund (EDF) today proposed that the Obama administration and Congress take five steps to limit the damage and recover from the ongoing Gulf of Mexico oil spill, including passing a $4 billion emergency supplemental appropriations bill. The five steps include: 1. Conduct a massive intervention — suitable in scale for a potentially unprecedented [...]
President Barack Obama’s economic team is already calculating government revenues from a possible Value Added Tax (VAT), according to the New York Times. But since any Social Security plan would probably preserve benefits for those nearing retirement, it would not help the administration achieve its goal of reducing the deficit to 3 percent of gross [...]
