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...French Foreign Ninister who is now a U.N. Under Secretary charged with finding innovative ways to finance projects. He runs an agency called UNITAID that is attached to the World Health Organization and already channels funds to fight disease in poor countries. UNITAID was founded in 2006. Its $400 million annual budget is funded by Britain, France, Norway, Brazil and Chile. Douste-Blazy is now trying to turbo-charge those efforts by bringing in private donations. He's set up a foundation linked to UNITAID that will collect the voluntary airline-ticket levy and distribute it to key players...
...issue of Lewis' honesty resurfaced this week when a judge in U.S. district court rejected a proposed settlement struck between Bank of America and the Securities and Exchange Commission (SEC) over Merrill bonuses. The SEC and Bank of America had earlier agreed that the bank would pay a $33 million penalty to settle an investigation into whether it misled shareholders about year-end payouts on the eve of a vote to approve the merger. As part of the proposed settlement, Bank of America neither admitted nor denied that it had done anything wrong...
...Lured by the Fox News Channel from CNN's Headline News channel last year, Beck has lit up the 5 p.m. slot in a way never thought possible by industry watchers, drawing upwards of 3 million viewers on some recent days. Indeed, despite his late-afternoon start, he sometimes beats even Bill O'Reilly, Fox's prime-time behemoth, in key ratings demographics. The value of his Fox contract is reliably said to be about $2 million per year. (See a Q&A with Glenn Beck...
...takes to get the money moving. Because audiences have been so widely fragmented by the new technology, ratings that would have gotten a talk-show host canceled in the late 1980s create a superstar today. (In 1987 comedian David Brenner bombed in syndication with about 2.5 million viewers at midnight - which is roughly what Fox, the leading network for political talk shows, averages in prime time...
...Medicaid Baucus would expand Medicaid coverage, which currently tops out for people who make 100% of the poverty level, to 133% of that level ($29,327 for a family of four), a shift that is expected to cover an additional 10 million Americans, including childless adults who have previously not been eligible for the program. Medicaid, however, has always been a partnership between the states and the Federal Government, and Baucus wasn't willing to absorb all of the costs of expanding the program. Under his proposal, the Federal Government would pay most of the new Medicaid costs: at least...