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...bans and tax hikes. So far, 164 countries have joined the pact. The U.S. signed the treaty in 2004 but has yet to implement it, though the President is expected to seek Senate ratification soon. That step--like every step taken to hold back the tobacco flood tide--will help. Meanwhile, here's a snapshot of where we stand--and the work that still needs to be done...
...statement, given that all consumer financial regulation is based on the premise that individuals need help from government in dealing with banks and other lenders. From the 1930s through the '60s, banks were straitjacketed by D.C.-dictated interest-rate and lending rules meant to keep them and their customers out of trouble. Decades of haphazard and at times heedless deregulation followed, with eventually disastrous results. The CFPA legislation envisions a partial return of the straitjacket. Among its other tasks, the new agency would devise plain-vanilla products that lenders must offer customers - but those customers could still opt for complexity...
...shook the hand of “The Singing Cowboy” and pocketed my Vlad Guerrero card. I can’t make any promises that I will be an Angels fan, since I’m still sworn to three more entries, but bribery does help...
...weeks ago, the Congressional Budget Office found that neither the bill produced in the House nor the one written by the Senate Health, Education, Labor and Pensions (HELP) Committee - Ted Kennedy's panel - would yield savings in the long run. On the contrary, Democrats on Capitol Hill are having a hard time coming up with ways to keep reform from raising the cost of health care over the next decade. This has given lots of ammunition to both Republican and fiscally conservative Democratic critics of the health-care proposals. And it puts a lot of pressure on the Senate Finance...
...Hard to believe, but money is actually only half the problem. The flip side of cutting costs is adding coverage for the nearly 50 million uninsured Americans. To that end, both the House and Senate HELP bills include a public plan that would compete with existing private plans - a highly controversial idea that Republicans say is tantamount to the socialization of health care, but which many Democrats (including Obama) say is essential for any overhaul of the system. The Senate Finance Committee's bill takes a middle-of-the-road approach, including a co-op plan, essentially a nonprofit version...