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Hospitals must disclose actual prices for tests and procedures, court rules

Hospitals must disclose actual prices for tests and procedures, court rules

WASHINGTON (AP) — The Trump administration won a court ruling Tuesday upholding its plan to require insurers and hospitals to disclose the actual prices for common tests and procedures in a bid to promote competition and push down costs. Health and Human Services Secretary Alex Azar called the decision in federal court in Washington, D.C., “a resounding victory” for President Donald Trump’s efforts to open up the convoluted world of health care pricing so patients and families can make better-informed decisions about their care.“This may very well be bigger than healthcare itself,” Trump...

June 24, 2020
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The Dow just punched above an important line in the sand that may signal that a record high is next

The Dow just punched above an important line in the sand that may signal that a record high is next

U.S. & CanadaThe Dow closed above a key technical level that is viewed by market technicians as a signal that a new bullish trend may be at hand. The Dow Jones Industrial Averagefinished up 2.2% at 25,548.27 on Wednesday, with the market after being locked down for the past several weeks due to efforts to curb the spread of the COVID-19 pandemic.The Dow’s rally on Wednesday afternoon represents a steady move toward retracing 61.8% of the 124-year old benchmark’s coronavirus selloff from its record high in February to a low late March. The blue-chip benchmark’s finish above 25,364.89 on...

May 28, 2020
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Facebook demands academics disable tool showing who is being targeted by political ads

Facebook demands academics disable tool showing who is being targeted by political ads

Academics, journalists and First Amendment lawyers are rallying behind New York University researchers in a showdown with Facebook over its demand that they halt the collection of data showing who is being micro-targeted by political ads on the world’s dominant social media platform.The researchers say the disputed tool is vital to understanding how Facebookhas been used as a conduit for disinformation and manipulation. In an Oct. 16 letter to the researchers, a Facebook executive demanded they disable a special plug-in for Chrome and Firefox browsers that they have distributed to thousands...

October 24, 2020
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A V-shaped recovery is 'off the table,' Fed's Kashkari says

A V-shaped recovery is 'off the table,' Fed's Kashkari says

In the initial days of the coronavirus pandemic, there was hope that the economy would be able to bounce back quickly, but reality has turned out differently, said Minneapolis Fed President Neel Kashkari said Thursday. "The V-shaped recovery is off the table," Kashkari said during a virtual roundtable discussion. Kashkari said the recovery would likely be long and drawn out. While there will be a bounce after the worst GDP contraction in the April-June quarter, the economy will be "nowhere near back" to where it was in December 2019, he said. The unemployment rate, which shot up to 14.7% in...

May 14, 2020
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Fed’s Powell tells ‘60 Minutes’ he’s not out of ammunition to fight the recession

Fed’s Powell tells ‘60 Minutes’ he’s not out of ammunition to fight the recession

The chairman of the Federal Reserve on Sunday said the central bank has not exhausted its power to help the economy get through the coronavirus pandemic. “We’re not out of ammunition by a long shot,” Powell said in a transcript of his interviewThe Fed chairman said there was “no limit” to what the Fed can do to lend money to financial markets. “So there’s a lot more we can do to support the economy, and we’re committed to doing everything we can as long as we need to,” Powell said. Earlier Sunday, Mohamed El-Erian, the chief economic adviser at Allianz, the corporate parent of Pimco, said...

May 17, 2020
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Associated Press

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