Economy

Insurers say Trump must do more to stabilize 'Obamacare'

She could not be reached late Thursday for comment on the final version. First, the ones that still remain in the individual exchanges have to decide whether to submit their 2018 plan designs and premiums by May 23. Only 20 percent of Americans support keeping things as they are. "If we were able to take that element out, and basically just have one universal payer that handled all the claims-but with the idea that they're not here to make profit, they're here to pay for correct treatment. Read More

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Wells Fargo claws back $75 million from former CEO and top exec

Then-CEO John Stumpf was dragged in front of both the Senate and House of Representatives to testify, where politicians on both sides of the aisle called for criminal charges to be brought against the bank and its executives. In all, 5,300 employees were fired due to sales practice violations, a figure the board did not learn of until the bank settled with regulators in September. Read More

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Chinas inflation rises marginally in March food prices remain major drag

Chinas inflation rises marginally in March food prices remain major drag

Total pay, which includes bonuses, when adjusted for inflation, increased by just 0.2% between December and February from a year earlier, the lowest growth rate since August to October in 2014, the ONS said. "The CPI also will be boosted over the next two months by further utility price rises". In March, the prices of milk and milk-based products surged by 4.69 per cent. Read More

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KFC to remove antibiotics important to human medicine by 2018

KFC to remove antibiotics important to human medicine by 2018

While the privately owned Chick-fil-A stopped putting antibiotics in its products in 2014, followed by McD's in 2016, and then Taco Bell and Pizza Hut last month, KFC is finally promising to do the same - by the end of 2018. "This announcement is a win for anybody who might someday depend on antibiotics to get well or even save their lives - i.e. everybody", Wellington added. Read More

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Government still looking at July 1 for GST rollout, says FM Jaitley

The four bills are the Central Goods and Services Tax Bill (CGST), the Integrated Goods and Services Tax Bill (IGST) the Goods and Services Tax (Compensation to States) Bill and the Union Territory Goods and Services Tax Bill (UTGST). Basis the GST implementation experience in most countries, India may witness an inflationary impact during the transition phase, which should fade away with the legislation sinking in and operationalizing of measures like anti-profiteering. Read More

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Germany approves bill curbing online hate crime, fake news

Germany approves bill curbing online hate crime, fake news

Beyond hate speech and fake news, the draft legislation also covers other illegal content, including child pornography and terrorism- related activity. He said the new bill would not restrict the freedom of expression, but intervene only when criminal hatred or intentionally false news are posted. Critics denounced the bill as a violation of free speech. Read More

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Free Cone Day at Ben & Jerry's

Free Cone Day at Ben & Jerry's

By the early nineties, every scoop shop in the United States joined the efforts to pass out free cones on a single day in May. A lot of ice cream is up for grabs. Then again, I have a wife who isn't working today and if she doesn't stop at a location and get me a Chocolate Chip Cookie Dough cone I'm going to be pretty angry. Read More

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Ivanka Trump, Chelsea Clinton commemorate Equal Pay Day

Ivanka Trump, Chelsea Clinton commemorate Equal Pay Day

It's not just progressive states like California taking the wage gap seriously, either - North Dakota passed a bill in 2015 strengthening employer salary reporting requirements. In 2016, Black women made $641 a week compared to white women who made $766, and made almost $300 less than White men (they made $942) according to an analysis by the Institute for Women's Policy Research . Read More

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Nicola Sturgeon to formally request powers for second independence referendum

Scotland's first minister Nicola Sturgeon wrote to British prime minister Theresa May on Friday formally demanding that Ms May allow a second referendum on Scottish independence ahead of the UK's exit from the EU. Sturgeon's predecessor Alex Salmond frequently threatened to hold a non-binding "consultative referendum" in 2012, before London relented and approved the legally binding poll in 2014. Read More

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Trump to sign executive orders targeting trade abuses

Trump to sign executive orders targeting trade abuses

During his campaign, Trump promised to make a fair trade deal for the United States. However, Ross said the presence of a deficit does not necessarily mean that retaliatory or remedial action would be taken. This may be an acknowledgement that any meaningful progress with China could be slow, said David Dollar, a former World Bank and U.S. Treasury Department official. Read More

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Southern New England gets second day of snow, sleet, rain

Southern New England gets second day of snow, sleet, rain

Snow will also make an appearance in much of Wyoming, the Wasatch Range in Utah and in northern Arizona, including Flagstaff. I feel as though the most likely accumulation will remain 6,000 feet and higher. Snow and sleet will continue to accumulate on grassy and elevated surfaces during the day on Saturday with some roads turning slippery and slushy. Read More

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US stock indexes mixed in late-afternoon trading

The S&P 500 Index (SPX - 2,368.06) added 6.9 points, or 0.3%, to move into positive month-to-date territory. The Nasdaq composite turned in its best quarter since the end of 2013. Ten-year Treasury yields rose above 2.41 percent. DuPont shares fell 85 cents, or 1 per cent, to $80.79. Rounding things out, Japan's Nikkei shed 0.8%, after reports showed consumer prices rose at their fastest pace in roughly two years, while household spending fell by more than expected in February, and the ... Read More

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Gibraltar outraged that Spain has veto power over its future

Gibraltar outraged that Spain has veto power over its future

Britain and Spain have engaged in centuries of squabbling over the territorial status of "the rock", and the EU's stance is likely to intensify those arguments. The Gibraltar question remains a fractious one for the U.K. -Spain relationship. Liberal Democrat foreign affairs spokesman Tom Brake said: "Theresa May must urgently produce a plan that protects the citizens of Gibraltar , including their businesses and communities". Read More

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US House Speaker Ryan understands Trump's frustration on health bill

US House Speaker Ryan understands Trump's frustration on health bill

On Thursday morning, President Donald Trump drew a line and put himself and the Establishment on one side, and the fiscal conservatives and libertarians of the Freedom Caucus on the other. He also asked Teller and other administration officials present to more rapidly approve bottled-up Freedom of Information requests about Russian Federation and other topics - likening the foot-dragging on legally mandated disclosure to what he said was the Obama administration's flouting of immigration ... Read More

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