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...Indeed, premiums have increased 10 times faster than incomes, according to a study released by the Robert Wood Johnson Foundation last Wednesday. In 2005, the average American family paid 30% more for health coverage than it did in 2001, while incomes rose only 3% in the same period. In dollar figures, that's a $2,500 price increase each year. What's more, the study found, the number of private companies offering health benefits to employees shrank by 30,000. "Providing insurance coverage takes a bigger bite from the family budget every year," says Robert Wood Johnson...
...Zippity Doo Dah" sounds more dreary than cheery as it loops through a distant sound system in the near vacant parking lot of Hong Kong Disneyland's multi-billion-dollar theme park. It's 2 p.m. on Sunday, a peak hour for family fun, but Hong Kong's Magical Kingdom is a little short on enchanted subjects. The fifth branch of the Happiest Place on Earth has been criticized for being too small and offering too few rides, but the The Walt Disney Company hopes to inject a little fairy dust into the place by adding a hitherto missing ingredient...
...tool is not limited to multibillion-dollar funds: CSAG is also offering a free service called the Terror-Free Calculator (http://www.terrorfreecalculator.com) Very few U.S. mutual funds have so far embraced terror-free investing. But as it expands, this device will let anyone evaluate his own mutual funds. Parametric, another big asset manager, last month produced a terror-free screen of stocks that is available through intermediaries including Smith Barney, Merrill Lynch and Bank of America. Credit Suisse has also released a new terror-free product...
...proposed legislation comes at a tough time for investors because with the dollar sagging, experts recommend a slug of foreign stocks and bonds for a diversified portfolio. Critics, including some U.S. fund managers, claim that terror-free investing will mean missed opportunities. And forced divestment could have tax and transaction costs that could depress a fund's performance. According to a study by the Center for Retirement Research at Boston College, if some of the Iran-divestment bills currently before state legislatures "are passed in their broadest form, institutions may be forced to sell $18 billion in investments." Tennessee...
...speech he compared FEMA’s inefficient Katrina response to the precision of private shipping firms like UPS and FedEx. He said, “U.P.S., FedEx and Wal-Mart can tell in real time where a package is anywhere in the world, but FEMA, despite its multibillion-dollar budget, couldn’t track many of its assets during its Katrina response…” Similarly, when Congress gathered to assess the costs of Katrina in October 2005, McCain was quick to cut budget spending to accommodate the billions of dollars required for emergency relief efforts...