Despite claims to the contrary, a insightful economic analysis suggests that it wouldn't be in most employers' business interests to stop providing health insurance when the main coverage provisions of the federal health overhaul kick in.
At least 80 business owners have abandoned factories like this one in Wenzhou, China's entrepreneurial capital, because they have run up exorbitant debts to the city's loan sharks and underground lenders.
In recent weeks, at least 80 business owners have fled Wenzhou in eastern China and gone into hiding because they can't pay crushing debts to the city's empire of underground lending firms and loan sharks.
Chinese Premier Wen Jiabao became so concerned that he flew to Wenzhou earlier in October to try to keep the problem from spreading.
The city's credit crisis highlights some of the flaws — and potential risks — of the banking system in the world's second-largest economy.
An Oregon school district has rejected more than $2.5 million in federal funds. Oregon City — just south of Portland — turned down money that would have given performance-based pay bonuses to teachers, a controversial part of the Obama administration's education policy.
It's called the Teacher Incentive Fund, and it's meant to reward results. Oregon City actually applied for the money it's now turned down.
Home prices rose slightly in August, according to the latest data from the S&P/Case-Shiller index. They're still down compared to August 2010, and way down from their pre-recession peak in 2006. But it's good-ish news, reports the AP:
The debate over regulation has been in the news lately, because it's been a point of conversation among the 2012 presidential candidates. The Republicans have said that over-regulation has kept businesses from expanding and creating jobs. But a new report from the World Bank that measures business regulation is throwing some cold water on the side that thinks the U.S. is a hostile place for business.
If you thought the HPV vaccine against cervical cancer was controversial before, things are just warming up.
A panel of experts that advises the Centers for Disease Control and Prevention on vaccine policies has recommended routine vaccination of 11- and 12-year-old boys with Gardasil, Merck's vaccine against human papillomavirus. Vaccinations could start as early as age 9 and extend to 21-year-old men who weren't previously vaccinated.
U.S. Attorney for the Southern District of New York Preet Bharara speaks as New York City Police Commissioner Raymond Kelly and Charles Campisi, head of internal affairs, listen during a news conference Tuesday to announce the arrest of five New York Police Department officers on charges that they smuggled firearms, cigarettes and slot machines they believed were stolen.
A sting operation resulted in the arrest of 12 people, including five New York Police Department officers, on charges that they smuggled $1 million worth of firearms, cigarettes and slot machines they thought were stolen, authorities said Tuesday.
Three retired NYPD officers and a New Jersey corrections officer and three civilians are among the other defendants named in a federal criminal complaint.
U.S. Attorney Preet Bharara said they were willing to smuggle a variety of contraband "as long as the price was right."
Federal authorities are cracking down on medical marijuana in California.
In the Central Valley, the nation's most productive farm belt, pot is becoming a more lucrative crop than almonds and grapes. The feds say much of what's grown as "medical marijuana" is actually sold on the black market.
Federal agents have been raiding cornfields and vineyards, yanking marijuana plants. And now they're using a new tool: targeting landlords, threatening to seize buildings where marijuana is sold and farmland where it's grown.