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Thursday, June 25, 2009

Michael Jackson Rushed to Los Angeles Hospital for Cardiac Arrest Michael Jackson Dead ?

has been rushed to a Los Angeles hospital, police confirmed to FOX News Thursday.

The legendary singer, 50, reportedly went into cardiac arrest and had to receive CPR in the ambulance, according to a report from TMZ.

Joe Jackson, his father, told multiple news sources that his son is not doing well.

According to a report in the Los Angeles Times, paramedics responded to a 911 call at around 12:26 p.m. PDT. He was reportedly not breathing at the time of their arrival.

A rep for Jackson was unavailable for comment.

Monday, June 15, 2009

Obama Health Care speech !

took his health care overhaul proposal to one of its more skeptical audiences, telling doctors at the American Medical Association conference in Chicago that the United States is “not a nation that accepts nearly 46 million uninsured men, women and children.”

Mr. Obama’s much-anticipated address appeared carefully calibrated to woo doctors to support — or at least, to not actively oppose — his sweeping health proposals. He also sought to reassure doctors who are skittish about his proposal for a government-run insurance plan as one option from which consumers could choose.
“I understand that you are concerned that today’s Medicare rates will be applied broadly in a way that means our cost savings are coming off your backs,” Mr. Obama said, in the keynote address at the A.M.A. annual meeting. “These are legitimate concerns, but ones, I believe, that can be overcome.”
Mr. Obama’s quick trip to Chicago to try to sell doctors on his health proposal is part of a wider White House effort to push what is a central tenet of Mr. Obama’s domestic policy program. He called health reform central to the American economy, and promised that he could enact his ambitious plan without burdening the budget deficit.
While he did not provide many specifics, Mr. Obama said that he wants to look into “a range of ideas” about how to put patient safety first, let doctors focus on practicing medicine, and encourage broader use of evidence-based guidelines for care. “That’s how we can scale back the excessive defensive medicine reinforcing our current system of more treatment rather than better care.”
Mr. Obama did not commit to specific limits on malpractice lawsuits, saying that would be unfair to patients. But he sought to address the concerns of many doctors who complain that malpractice litigation is part of the reason why health costs have soared.
At times, Mr. Obama struck a professorial note, lecturing Americans to stop smoking — without referencing his own battles to break the habit — and to seek mammograms and colon-cancer screening. Health care reform, he said, means going for a run, going to the gym, and staying away from video games. It also, he said, means laying off junk food.
“That’s a lesson Michelle and I have tried to instill in our daughters with the White House vegetable garden that Michelle planted,” Mr. Obama said.
He maintained his line that Americans will still be able to choose their own doctors. In fact, throughout much of his speech, he sought to empathize with doctors, and criticized a system which he said has created incentives to run more expensive tests than necessary and pushes doctors to see more patients in an effort to make more money.
“That is not why you became doctors,” Mr. Obama said. “That is not why you put in all those hours in the anatomy suite or the O.R. That is not what brings you back to a patient’s bedside to check in or make you call a loved one to say it’ll be fine. You did not enter this profession to be beancounters and paper-pushers.”
Mr. Obama drew cheers from his audience when he said, “I recognize that it will be hard to make some of these changes if doctors feel like they are constantly looking over their shoulder for fear of lawsuits.”
But it remains to be seen how far he will be willing to go on the malpractice issue. On Capitol Hill, Democrats drafting health legislation have so far shown little appetite for taking on the liability issue.
Mr. Obama’s ideas on health reform are facing mounting criticism — not only from the A.M.A. and from Republicans, who don’t like the public insurance program, but also from the hospital industry, which doesn’t like a proposal Mr. Obama announced on Saturday to pay for his health care overhaul in part by cutting certain hospital reimbursements.
In Washington, Representative Eric Cantor, a Republican from Virginia and the minority whip, issued a statement before Mr. Obama had completed his speech in Chicago.
“Democrats are touting a government-run health care option that creates an unlevel playing field leading to the destruction of the private market, reducing choice and putting Washington bureaucrats in charge of family health care decisions,” Mr. Cantor said. He added that “it’s time for the administration to end the happy talk and get down to the difficult decisions ahead.”

Market Highlights !

Pros Say: Markets Set for Another Pullback
By: JeeYeon Park
Stocks opened lower on Monday after a key manufacturing barometer showed factories continue to suffer in the slumping economy. The New York Empire Manufacturing Index slumped 9.41 points in May, indicating difficult times in the sector and presenting a headwind for economic growth. And IMF chief Dominique Strauss-Kahn said that the worst may be yet to come for the global economic crisis. Read and listen to what the experts had to say…
Markets Set for Another Pullback
The move to the upside over the last week or so has been caused more by a lack of selling pressure, said Dodge Dorland, CIO of Landor Capital Management. “If selling pressure comes back into the market, the demand for buying stocks now is rather weak relative to what it's been, and so we're setup for a pullback," he said.
Doll: Market May Pause but Will End Year Higher
Markets Are Still Contracting
The economy has averted a depression, but it is still shrinking and the stock market has got carried away with all these green shoot discussions, said Juerg Zingg of Q Investments. “There’s nothing like a rebound here—markets have taken too much optimism as a result we expect market correction,” he said.
Art Cashin: The S&P's 'Break' Point Now
Investors Too Nervous to do Anything
According to Barclays Wealth and The Economist Intelligence Unit's latest report, high net-worth investors across the globe say they are seeing significant investment opportunities in the current markets, but most are still too nervous to take the plunge.
Yoshikami: The Next Menace — Stagflation
Airline Industry to Recover in 2010
"I'm very much a believer in the long-term positive dynamics for the aviation industry," said Dave Cote of Honeywell.
Scott Carson of Boeing Commercial Airplanes said "it feels like we've seen the bottom of the freight market. It feels like we're bouncing off the bottom of the passenger market." Both Cote and Carson said that the industry could recover in 2010.
Complete Paris Air Show Coverage
Obama’s Health Care Plan ‘Totally Unrealistic’
David Walker of the Peter G. Peterson Foundation says escalating health care costs represent the single largest driver of the country’s debt. He criticized Obama’s current health care reform proposals. “[Obama’s] pledge to not raise taxes on people who are making less than $250,000 was totally unrealistic…We need toward move to universal coverage, but we need to focus on basic and essential coverage,” he said.
Obama Wants New Cuts in Federal Health Spending

Sunday, June 14, 2009

Ride"s Closed ? Six Flags Declares Bankruptcy

Amusement park operator Six Flags declared bankruptcy yesterday but says that it will keep its parks open, at least for now. According to the Washington Post, the company is carrying $2.4 billion in debt. Despite the fact that Six Flags reported 25 million visitors and posted record revenues in 2008, the debt is simply unsustainable, the Associated Press reports.

Yesterday, Obama proposed an additional $313 billion in cuts to Medicare, Medicaid, and other programs in order to pay for health care reforms that could cost about $1 trillion over the next 10 years, Reuters reports. "I know some question whether we can afford to act this year," the president said, "But the unmistakable truth is that it would be irresponsible to not act."

Two of the nation's most influential bank regulators are at it again, reports the New York Times. John Dugan, comptroller of the currency, is reportedly feuding with Sheila Bair, head of the FDIC. Dugan has lambasted a proposal to impose harsh insurance fees on banks, which he views as unfair to the largest banks (which he regulates). Bair responded in defense of small banks, charging that the big banks should take the blame for the financial collapse.

Financial leaders from the G8 have offered their most optimistic evaluation of the global crisis yet, the Washington Post reports. They called for an "exit strategy" from stimulus policies that have been instituted to bolster the economy. But not everything is fixed yet, says U.S. Treasury Secretary Timothy Geithner. He called on international banking regulators to devise better ways to "quickly resolve failures of cross-border financial firms."

Television's digital switchover has gone relatively well so far, the Wall Street Journal reports. Though a record 317,000 calls poured into a national call center set up by the Federal Communications Commission Friday from consumers who had trouble to setting up converter boxes, most issues have been quickly resolved.

The Los Angeles Lakers may win the NBA Championship, but some city officials are saying that they might not be able to host a victory parade. The parade could cost more than $1 million, and the city is already squeezed financially, thanks to a deep budget deficit, which might require job cuts, Reuters reports. "We can't afford to cover the costs," City Councilwoman Jan Perry told the Los Angeles Times. She asked, "How could we make a decision about people's jobs and then sponsor the parade?"

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