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Entries for the ‘Finance’ Category

Obama’s Next Battle, Wall Street Reform

Cited: Times Online
Despite Obama’s statement about reforming Wall Street being an “army of lobbyists already arm-twisting members … to reject these reforms”, the president has promised to use everything at his disposal to achieve.  In fact, he devoted his weekly radio address on March 22 the financial reform bill, which he said was essential.
Senators will [...]

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Old Tire Earns Family $18 Million

Cited: ABC News
The family of an 11-year-old boy killed in a vehicle crash that was caused by an aged tire was awarded $18 million by a California jury.  A Southern California tire chain store, American Tire Depot, put a tire on the Ford Explorer involved in the accident and was found negligent for doing so [...]

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Jobless Aid Passed in Time for November Elections

Cited: Reuters
On March 10 the Senate passed a $149 billion jobless aid and tax breaks package in an effort to lower the 9.7% unemployment rate before congressional elections in November.
Barack Obama
The measure, approved by a vote of 62 to 36, now heads to the House of Representatives, where many Democrats have pushed for more aggressive [...]

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US Currency Still Top Dollar

Cited: Reuters
As of March 11 according to Standard & Poor’s, the US dollar still rules as the most important world currency.  However, they added that the rising level of US debt and dependence on foreigners for financing could pose risks to the currency’s supremacy.
Without a credible plan to rein in fiscal spending, the agency said [...]

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US Unemployment Claims and Home Sales Drop

Cited: Reuters
An indication of a slower pace of the economic recovery is a reduction in the sales of previously owned homes in the United States that was unexpected in four months as of August.  However, this was overshadowed by David indicating a pall in the number of new jobless benefit claims in the US [...]

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Better Cash Flow for Healthcare Organizations

Cited: For the Record Magazine
It is a fact, that healthcare organizations can accelerate their revenue cycle by installing point-of-service payment processes.  There are many factors squeezing the revenues of hospitals and healthcare systems today that include shrinking patient volumes and decreased donations.  These factors also take a toll on providers need to make sure that [...]

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