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...about recovery, both from taxes and from the Securities Investor Protection Corp. (SPIC), has become a mind-boggling maze for accountants and their Ponzi-victim clients. At a hearing yesterday, Madoff pleaded guilty to his decades-long crime, was handcuffed and ordered to jail. Sentencing is scheduled for June, but he could potentially be sentenced to 150 years on 11 counts. (Read "The Madoff Hearing: A Guilty Plea, but No Catharsis...

Author: /time Magazine | Title: Another Victim of the Ponzi Schemers: The IRS | 3/13/2009 | See Source »

...Baucus announced last week a schedule to have his side of the bill marked up by the end of June. Starting in late April, the Finance Committee will hold a series of public roundtables followed by closed-door, member-to-member sessions on the delivery system - public or private, or some combination of the two - in which individual members can weigh in with their own plans and ideas. Other issues of coverage, including cost containment, prevention and wellness, will see similar treatment, aides say. The HELP Committee will have its own schedule on the prevention and wellness provisions as well...

Author: /time Magazine | Title: Bipartisan Senate Group Makes Health-Care Progress | 3/13/2009 | See Source »

...Last June's health-care summit helped spark the closed-door gatherings, which at first involved just six members: Senate Finance Committee Chairman Max Baucus of Montana and the committee's top Republican, Charles Grassley of Iowa; Ted Kennedy and the HELP Committee's top Republican, Mike Enzi of Wyoming; and Senators Jay Rockefeller of West Virginia and Orrin Hatch of Utah, the chairman and ranking member, respectively, of the Finance Committee's Subcommittee on Health Care. In recent months Senator Chris Dodd of Connecticut, a top HELP Committee Democrat, was added as Kennedy's understudy as the Massachusetts Democrat...

Author: /time Magazine | Title: Bipartisan Senate Group Makes Health-Care Progress | 3/13/2009 | See Source »

...this quiet strength. Due in part to her efforts my budget was restored entirely." -June S. Binney, a former New York official who oversaw health care in the city's correctional system. (New York Times...

Author: /time Magazine | Title: Obama's FDA Pick: Margaret Hamburg | 3/12/2009 | See Source »

...After Madoff's guilty plea, Judge Chin, citing flight risk, denied bail, sending Madoff to jail immediately. The charges against him could result in a sentence of up to 150 years in prison. He will face sentencing June...

Author: /time Magazine | Title: The Madoff Hearing: A Guilty Plea, but No Catharsis | 3/12/2009 | See Source »

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