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...their trust funds. A nasty court battle ensued, in which an intricate web of offshore trusts was unveiled that grabbed the attention of the IRS. When the smoke cleared, the clan had agreed to divvy up the family's $15 billion fortune to family members by 2011. The payout plan would involve selling or floating many of the family's businesses...

Author: /time Magazine | Title: Hyatt's IPO: Bad Timing or Family Necessity? | 9/9/2009 | See Source »

...covered by the spilled ash, all but eight acres are part of the plant and reservoir property managed by TVA. Three homes were structurally damaged. TVA is dredging the river to remove the ash as quickly as possible and will work with the community to develop a long-term plan for disposition of the remaining...

Author: By David R. Mould | Title: A Closer Look at 'King Coal' | 9/9/2009 | See Source »

...Montana's Max Baucus, the top Democrat on the Senate Finance Committee, also began circulating a new compromise proposal on Sunday that would include a tax on high-cost, so-called Cadillac insurance plans to help subsidize low-income insurance coverage. Officials who have seen the Baucus plan are refreshingly optimistic, noting that the chairman has moved on some provisions that could make his proposal reconcilable with whatever passes the more liberal House. One key issue is how it deals with government aid to people who do not get health insurance through their employers; those not covered by an expanded...

Author: /time Magazine | Title: Amid Signs of Movement on Health Care, Obama Readies His Speech | 9/8/2009 | See Source »

...other areas, however, Baucus appears to be holding out desperate hope for additional GOP support. For instance, the Baucus bill does not - at this point, at least - contain Snowe's proposal for a public plan as a backstop; instead, it would create member-run co-ops as an alternative to private health insurance. His bill also would not mandate that employers provide health coverage to their workers, but would require them to reimburse the Federal Government for the cost of the subsidies it provides their employees to purchase health coverage on their own. One source said that Baucus intends...

Author: /time Magazine | Title: Amid Signs of Movement on Health Care, Obama Readies His Speech | 9/8/2009 | See Source »

...This is why the House Democrats who have been calling on Obama to lay out a clear, fixed legislative plan on Wednesday night are likely to be disappointed. Obama's mission, when he takes the podium in the House, flanked by his Vice President and Speaker Nancy Pelosi, will be less about forcing the hand of Congress than re-energizing public support for reform, something that is essential for members of Congress to feel they have the cover to vote...

Author: /time Magazine | Title: Amid Signs of Movement on Health Care, Obama Readies His Speech | 9/8/2009 | See Source »

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