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...stock. At up to $10 each, CFLs are more expensive, but experts say they pay for themselves in energy savings within just a few months. The E.U. is even touting the switch as an economic stimulus; experts estimate that the swap to CFLs will save customers €5 billion annually...
...invite the American Medical Association (AMA) and 10 other doctors' groups in for a meeting. But what came out of that session, critics say, is too high a price for maintaining physicians' backing: a stand-alone, unfunded bill on the Senate floor this week that would hand doctors $247 billion more than they would otherwise get for their Medicare services over the next 10 years. (Read "Understanding the Health-Care Debate: Your Indispensable Guide...
...table." Republicans have called the move a budget trick, one of many Democrats are using, they say, to help keep down the final price tag of the reform bill; they insist it actually costs more than $1.2 trillion over 10 years instead of the less than $900 billion the Congressional Budget Office estimates the Baucus version of the bill will cost, all of it offset by cuts to avoid adding to the deficit. (See 10 players in health-care reform...
...Rajaratnam, the world's 559th richest person according to Forbes magazine at an estimated worth of $1.3 billion, has long faced suspicions of financial misconduct in the island nation where he was born in 1957. He has been accused of being a supporter of the now-defunct Liberation Tigers of Tamil Eelam (LTTE) and of using his financial strength to gain a foothold on the Sri Lankan stock market and manipulate it to suit Tiger strategies to undermine the Sri Lankan economy. Though he has not faced any formal charges in Sri Lanka, Rajaratnam and the Galleon Group, the hedge...
...Rajaratnam is a major foreign investor in the Colombo bourse individually as well as through Galleon. Rajaratnam has stakes in at least six banks listed in the bourse and in John Keells Holdings, the largest publicly traded company in the $10 billion market. The market fell 1.6% on Monday, the first day of trading after the Rajaratnam arrest. Brokers said the slide was a knee-jerk reaction to the arrest and could be weathered. "Sri Lanka is the flavor of the month and a lot of first-time international investors are coming in," says Murtaza Jafferjee, managing director...