Word: boomings
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...early to gauge the extent of corporate fraud triggered by the recent gloom, but with credit scarce and jobs precarious, there's little doubt we're in a boom time for scams. A majority of members of the U.S. Association of Certified Fraud Examiners who were polled in February and March said they had seen the number of company fraud cases climb in the previous 12 months; the bulk of those experts attributed the rise to heavier financial pressure. (See pictures of the global financial crisis...
...just the opposite, says Linda Quick, president of the South Florida Hospital and Healthcare Association. As a result of the deluge of doctors and hospitals that have moved to the retiree mecca since the 1960s and '70s, chasing the lucrative Medicare business as well as the area's population boom, South Florida has an "excess capacity of health-care providers and institutions," Quick notes. And to make sure they all get a piece of the action, they've created a wasteful and ill-coordinated system of health-care redundancies, from unnecessary MRIs to inpatient treatment that too often could have...
...then, because this is Miami, there's fraud. Miami-Dade in recent years has seen a boom in Medicare and Medicaid scams. Last week Spain arrested - and sent back to the U.S. - a Miami man wanted by the FBI for allegedly submitting more than $10 million in false claims for his Hialeah medical-supply company. Last month the U.S. Department of Health and Human Services reported that while only 2% of the nation's Medicare recipients live in South Florida, the area received the highest reimbursements for medical supplies like inhalation drugs - about 20% more than the second highest recipient...
...with his two longtime collaborators, John Weidman and James Lapine, and is writing an annotated retrospective of his lyrics. But breaking fresh ground can be hard going, says Sondheim, whose latest work, Road Show - based on the lives of huckster brothers behind Florida's ill-fated 1920s real-estate boom - was more than a decade in the making. "You think every time you pick up your pencil it's going to be a little bit easier, but it isn't," he says...
...What a difference a financial crisis makes. After the worldwide economic boom went bust, demand abruptly evaporated for many commodities. The Dow Jones - AIG commodity price index has shed more than half its value since mid-2008. The most visible turnaround has been in oil. A year ago, Western governments were pleading with Persian Gulf oil states to ramp up production as oil sped toward $150 a barrel; today, OPEC is twisting off the spigot in an attempt to support crude prices around $50. Some experts believe prices may stay depressed for years to come, due to greater energy efficiency...