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New law to protect domestic workers to take effect this week

Written By Unknown on Sabtu, 28 Maret 2015 | 22.26

BOSTON — A new law set to take effect this week aims to increase protections for domestic workers in Massachusetts.

The law requires people who hire nannies, caregivers and other domestic workers in Massachusetts to adhere to established labor standards and other worker protections.

The bill defines domestic workers as individuals who provide in-home services including housekeeping, laundering, cooking and even companionship.

The new law — which was signed by former Gov. Deval Patrick last year but takes effect Wednesday — also makes clear that domestic workers are eligible for government services and benefits such as unemployment insurance, workers compensation and minimum wage protections.

The law sets rules for sleep, meal and rest periods, and required that female domestic workers receive at least eight weeks maternity leave if they are full-time employees.


22.26 | 0 komentar | Read More

Home Showcase: This colonial has drive-in appeal

Less than an hour's drive from Boston, this updated contemporary colonial in Medway looks unusual at first, with an attached, two-car garage that juts out of the front, but the inside is well lit and spacious with hardwood floors, four bedrooms and plenty of bathrooms.

"It's a bright, welcoming home with a floor plan that is wonderful for entertaining, as well as for raising children," said broker Paul Yorkis of Patriot Real Estate in Medway.

Built in 1988 on 1.11 fenced-in acres on a quiet suburban street, the first floor includes a living room with a wood-burning fireplace, a dining room, and a remodeled kitchen with an informal dining area. There is plenty of cabinet space in the kitchen, along with granite countertops, an island, a pantry, a five-burner Bosch stove and a hood, and stainless steel appliances, including a microwave, a combination oven-confection oven, and a Bosch refrigerator.

A laundry area is off the kitchen, which leads to a large family room with a cathedral ceiling, exposed beams, skylights, a wood-burning fireplace and access to the garage. A slate patio with a fire pit can be accessed from both the family room and the kitchen. Off the family room, is a half bath and a hallway with ample closet space.

Upstairs, each of the four bedrooms has recessed lighting, a ceiling fan and closet space. The master bedroom has a walk-in closet and a full bath with a jacuzzi/soaking tub and a shower. A second full bath upstairs has a tub and shower and a double vanity with a granite top. In the hallway is a linen closet.

The finished basement is carpeted and has a half bath and two rooms, one of which has a door to the yard. There are also two mechanical rooms in the basement.

The house has central air conditioning and four heating zones: three oil and one electric.

HOME SHOWCASE

  • Address: 14 Rockwood Road
  • Bedrooms: Four
  • Bathrooms: Two full and two half
  • List price: $629,900
  • Square feet: 3,128
  • Price per square foot: $201.37
  • Annual taxes: $9,870 in 2014
  • Location: About 20 minutes to the Norfolk commuter rail station if you drive to Medway Middle School, where you can park for free and take the shuttle bus
  • Built: In 1988
  • Broker: Paul Yorkis of Patriot Real Estate at (508) 533-4321

THE APPRAISAL

Pros:

  • Ample storage space
  • Modern kitchen
  • Fenced-in yard

Cons:

  • Suburban location, driving distance to shops

22.26 | 0 komentar | Read More

Car Smart: Murano gives more features for less money

Newly redesigned for 2015, the Nissan Murano is an attractive mid-sized crossover that has almost everything you could want for less money.

While it doesn't wow you with its power, it earns some nice style points for its features and upscale appearance.

The Murano has a 3.5-liter V6 engine with a continuously variable-speed automatic transmission (CVT). The CVT takes awhile to get used to as it seems to feel like a slipping clutch, revving hard but not taking off. Drivers looking for a fast hole-shot will find this feature lacking. For others, the transmission is something they may notice at first, but soon forget.

The one-speed CVT does pay dividends — it helps this car achieve 21 miles per gallon in the city and 28 mpg on the highway.

The Murano has the look and feel of a higher-priced luxury vehicle without the expensive price tag. The aerodynamic exterior is sleek and sharp with nice lines along the side complemented by a chrome accent at the base of the door. The Murano looks somewhat like a spaceship from a few vantage points.

The SV AWD trim level, with an MSRP of $37,305, has a classy interior even though it is equipped with cloth, not leather, seats. It also did not have a heated steering wheel or heated seats, which in winter seems a bit of a must here in the Northeast.

The all-wheel drive performs very well in the snow, with the Murano starting and stopping with predictably good results. The vehicle is also equipped with a remote start feature, which is necessary in the cold weather.

The Murano's 11-speaker Bose audio system has good sound and there's a touch screen on the head unit that also controls the GPS and Bluetooth. The electronics layout needs some tweaking, however. The volume controls are hard to find on the steering wheel and even after a week of driving, the layout failed to make sense.

This crossover sports a quiet cabin that insulates highway noise pretty well, but engine noise somehow still manages to get through. The ride is very comfortable.

With 69.9 cubic feet of cargo space, the Murano has plenty of storage, even more than the previous model year. The Murano seats five comfortably with front seats that employ zero gravity technology and back seats that fold flat. The cabin feels even roomier with its super-sized panoramic moonroof.

Overall, the Nissan 
Murano SV AWD is a great buy as long as you are looking for features and comfort over performance.

2015 Nissan Murano SV AWD

  • MSRP: $35,105
  • As Tested: $37,305
  • MPG: 21 city, 28 highway

22.26 | 0 komentar | Read More

'Blackfish' star on tell-all book's shocking claims about Seaworld and its legal threats against him

SeaWorld is about to take another hit as hard as the force of a 5,000-pound orca, as a damning new tell-all book hits shelves, claiming the company is an evil, money-grubbing corporation.

In the new book, "Beneath the Surface: Killer Whales, SeaWorld, and the Truth Beyond 'Blackfish'" former Orca trainer John Hargrove reveals explosive details of alleged physical and mental abuse that killer whales were forced to endure in captivity. Those conditions, Hargrove said, led to brutal and often fatal attacks by killer whales on their trainers, which were swept under the company's rug. Making matters worse, SeaWorld has allegedly silenced trainers who sued the company by dragging out court cases, then promising money if they agreed to a gag-order.

"[Director] Gabriela Cowperthwaite did such a great job with 'Blackfish,'" Hargrove told TheWrap, "but she only had 83 minutes and what I did with my book was I took my 14-year career and I gave all the high points and all the low points. I did not set out to do a tell-all book but that's what happened."

The book's release comes within the same week that a class-action lawsuit was filed against SeaWorld by customers who claim they would have never set foot in the company's theme parks had they known the deplorable conditions under which the whales were being kept. Another lawsuit filed in September 2014 claims SeaWorld Entertainment misled investors early on when it denied that fallout from the Magnolia-CNN Films documentary "Blackfish" had anything to do with decreasing attendance.

TheWrap spoke with Hargrove about his book "Beneath the Surface," the theme park chain's repeated threats against him and what really happened during his 14 years training 20 killer whales.

TheWrap: Are you hoping the book will finally send the company packing?
John Hargrove:
Well, the fact I'm sure of is that last year they lost $80 million in revenue and they lost a million visitors.

SeaWorld operates 11 parks with more 89,000 sea animals. The company reported a slump in attendance was the main reason for a 6 percent drop in revenue, to nearly $1.4 billion in 2014. Sounds like they're not too worried. Or at least that's how they're spinning it. Are you angry that even though "Blackfish" was a huge success, it didn't manage to close down SeaWorld parks?
Well, I think it's just going to gain momentum and you're going to see more and more of it now because there is a class-action lawsuit against SeaWorld as of [Wednesday] morning. Within hours, there were thousands of people that had already signed that class action case. People saying they had gone out and had platinum passes and spent thousands of dollars over the last few years. And, if they had known what was in "Blackfish," or John Hargrove's book, they would not have gone. So they want their money back.

Your book was named in the lawsuit and SeaWorld even threatened you, claiming you signed a non-disclosure agreement. Did you?
My book was one of the resources named in the lawsuit. People basically said they would have not have taken their children or spent the amount of money that they spent had they known what was in my book. So now, Sea World has issued a statement, that you know, [the lawsuit] is a publicity stunt to coincide with the release of John Hargrove's book, that I was just trying to gain more publicity, which is so stupid because by issuing that PR statement, that's exactly what happened. There was a very poorly-written employment agreement that I signed in 2008 when we were owned by Anheuser-Busch, which is a beer company, mostly a non-compete agreement for those working in beer companies to not give away trade secrets. Confidentiality agreements have to be very specifically tailored. They have to give you a specific timetable, like 3 years or one year, and they also have to be very specific to what's considered confidential and what is not. You can't just be broad. This one said everything we learned or did was confidential and it never ends so, even if we quit, we're not allowed to speak about any of it for the rest of our lives. No judge in the country would enforce that.

Did they threaten you with a lawsuit?
They sent a total of three threatening legal letters. I had Macmillan [Publishers] attorneys looking at it and I also hired my own law firm to rep me and they are a powerhouse firm. They basically told them I had a first amendment right to free speech and they cannot silence me. The last threatening letter I got form them was probably six weeks ago. They even threatened to file an injunction to stop my book.

Is it true TheWrap was named in one of those letters?
At this point they've already been sued for investor fraud for not revealing the harmful effect that "Blackfish" had on their company. They're still telling investors, 'Oh no, it hasn't impacted our business at all.' In fact it did impact their business and they hid that's why there's this Federal lawsuit against them for investor fraud. Part of the case is that investors are saying that SeaWorld was not honest about the risks that trainers are under when they're interacting with killer whales. Which is why this letter is so stupid because they're telling me flat out, 'You better not talk about those incidents.' They're not saying those incidents didn't happen they're saying, 'you gave this quote to TheWrap and that implies that you plan on talking about it. And if you talk about it, you're going to be invitation of a confidentiality agreement.'"

You claim the company is "soulless." Can you elaborate?
Trainers sued SeaWorld because they were nearly killed by whales and the end result was SeaWorld would force them into a settlement and gag ordered every single trainer. They tried to threaten me and scare me so I wouldn't write the book. This is very predictable behavior by SeaWorld. They're bullies, but the difference is this time I'm the first trainer that they're not shutting up.

Did they try and offer you money?
No. Filmmakers kept my participation in "Blackfish" a secret until the day it premiered at Sundance. So, I think the reason why they didn't try to pay me off is because by that point I was already so out there publically saying everything that they have done, it was too late.

You tell a horrific story about a trainer who was forced to walk to an ambulance 200 yards away after an orca broke her neck because SeaWorld didn't want visitors to know what had happened. Tell me about that.
Joanne Webber broke her neck during the show. They made Joanne get out of the pool by herself and didn't even try to help her because they didn't want to draw attention to her being hurt then they made her walk on her own with a broken neck to the trainer offices. Then, they tried to make her take off her wetsuit because they did not want the paramedics to cut it off but. Because she had a broken neck she could not take the wetsuit off and SeaWorld personnel basically took the suit off and made her put on regular clothes, all in an effort to save money. Making things worse, instead of allowing the ambulance to drive up to 'Shamu' stadium, they did not want people to see the ambulance and draw any attention to it, so they made her walk on her own I think 200 yards to the waiting ambulance, which was out of sight to the public. So she sued for negligence and she settled and she was gag ordered.

2015 TheWrap news inc. All rights reserved.


22.26 | 0 komentar | Read More

Colleges getting out of health insurance business

SEATTLE — The federal health care overhaul is leading some colleges and universities to get out of the health insurance business.

Experts are divided on whether this change will be good or bad for students. Some call it an inevitable result of health care reform and a money-saver for students since insurance in the marketplace is usually cheaper than the college plans. Others worry that more students will go without health insurance since their premiums won't be folded into the lump sum they pay for school, and they say college health plans offer more coverage for the money than other options.

The main driver of colleges getting out of the insurance business is a provision in the Affordable Care Act that prevents students from using premium tax subsidies to purchase insurance from their college or university, according to Steven M. Bloom, director of federal relations for the American Council on Education, a Washington, D.C., group representing the presidents of U.S. colleges and universities.

Add to that the provision that allows young people to stay on their parent's health insurance plans until age 26, plus the expansion of Medicaid in some states and the rising cost of student insurance. The result is cheaper health insurance available for students off campus.

But Bloom worries more schools will decide to drop insurance coverage.

"I've heard of instances where schools are thinking about it, but they are reluctant, particularly in instances where states declined to expand Medicaid," Bloom said.

An administrator who managed the process of dropping student health insurance at William Patterson University in Wayne, New Jersey, said he originally worried about vulnerable students not getting health insurance, but changed his mind after doing more research.

"I actually went into the exchange myself and did a bunch of 'what ifs' to see if this was actually a better deal for them. In many cases it is," said Stephen Bolyai, the school's vice president for administration and finance.

The change in New Jersey began with advocacy by community college leaders, who said health insurance was getting so expensive students couldn't afford it, Bolyai said.

Richard Simpson, who is the student health insurance manager at the University of Wisconsin-Madison, contends, however, that student health plans are a better deal for students.

College plans give students more coverage for their money, they usually have lower deductibles, and they are more flexible than some state plans bought on the exchange, said Simpson, who is also chair of the student health insurance coalition for the American College Health Association, an association of college health officers based in Hanover, Maryland.

"Student plans provide 'gold' or 'platinum' level coverage at a 'bronze' price," Simpson said. "We believe that in the vast majority of cases, student insurance is the best option."

As more states expand Medicaid eligibility — as a number of states are now debating — it's likely more colleges will push their students into the marketplace - a development being seen from coast to coast.

Four of New Jersey's 11 state public colleges and universities stopped selling health insurance to their students this past fall: Richard Stockton College, William Paterson University, Ramapo College and New Jersey City University, all four-year schools.

Meanwhile, three of Washington state's six four-year colleges and universities made the change at the same time: the University of Washington, Washington State University and The Evergreen State College.

In some states, student plans are still cheaper than individual plans that can be purchased through the exchanges. And students who work part-time and are not on their parents' insurance often can get covered for free in states that expanded eligibility for Medicaid.

Levi Huddleson, a telecommunications major at Ball State University in Muncie, Indiana, has not had health insurance since 2012. He looked into buying student health insurance, but found it would cost more than he could afford on the $6,200 he makes annually working part-time.

Huddleson said his parents are retired and cannot afford to pay for his health insurance, his tuition or other bills. If Indiana had expanded access to Medicaid, he would likely be eligible for free health insurance. He currently makes too much money for Medicaid but too little to afford the $166 a month premium he found by searching the federal exchange.

"I cannot afford it, so it is definitely not by choice," Huddleson said about his decision not to buy health insurance. "I considered buying it, but just taking the hit and paying the penalty was significantly cheaper than either option. Luckily, I'm young, and I don't have any serious pre-existing conditions."


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The Ticker

Written By Unknown on Jumat, 27 Maret 2015 | 22.26

House votes Suffolk Downs simulcast race extension

With just days until a license is set to expire for Suffolk Downs, the House passed a bill yesterday giving the racetrack another month to simulcast races while lawmakers continue work on legislation allowing live racing to continue for the next two years at the track.

Suffolk Downs' license to simulcast is due to expire March 31 and the bill passed in the House gives the track until April 30.

Suffolk Downs announced in late February that it had reached an agreement with the New England Horsemen's Benevolent and Protective Association on a two-year deal to lease the East Boston track to the horsemen. The agreement, which would allow for live horse racing in 2015 and 2016, is subject to approval by the Massachusetts Gaming Commission and the Legislature. The House and Senate both passed measures in a midyear spending bill that would authorize simulcasting and up to 50 days of live horse racing at Suffolk Downs through July 31, 2016. That bill has bogged down over disagreements between Democratic legislative leaders on other policy matters.

Treasurer wants pension fund changes

Treasurer Deborah Goldberg yesterday proposed using the $61 billion pension fund to make a stand on corporate diversity, environmental stewardship and wage equality issues.

A subcommittee of the Pension Reserves Investment Management Board signed off yesterday on a new policy developed by Goldberg that would direct the Pension Reserves Investment Management (PRIM) Board to use its proxy vote as an investor to oppose nominees to corporate boards unless at least 25 percent of a board's membership is made up of women and minorities.

Goldberg's policy would also direct PRIM to vote for corporate policies that invest in renewable energy and would ask companies in which PRIM invests to provide energy efficiency policies, to stop "misleading advertising" to young people, to increase health warnings on cigarettes, to adopt formal recycling policies, and to implement human rights standards and workplace codes of conduct.

PRIM holds stock in roughly 9,000 companies, and can vote on corporate policies and board appointments as a shareholder.

Baker names new revenue commissioner

The Baker administration yesterday introduced a former managing director of Bain Capital as the state's next revenue commissioner.

Mark Nunnelly next week will take over the post from Amy Pitter. Nunnelly was also named as special advisor to Baker for technology and innovation competitiveness.

Nunnelly, who joined Bain Capital in 1989 as a managing director, has held a number of leadership roles as part of the firm's growth and global expansion, and worked extensively in the business services and technology industries. Nunnelly became a special limited partner of Bain Capital in 2014 and serves on several not-for-profit and for-profit boards of directors.

  • ROI Corp. has announced the appointment of Denis Mezheritskiy of Concord to the position of business broker. Mezheritskiy will assist individuals interested in selling their businesses as well as potential buyers.

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Uber, insurance companies agree on bill

Ride-sharing company Uber has reached an agreement with major insurance companies on a model bill that would cover drivers anytime they are working.

"It's a national agreement with a number of major insurance carriers to come together and agree on some negotiated insurance language for state legislation of transportation network companies," said Meghan Joyce, general manager of Uber East Coast. "We can use (the agreement) to provide clarity to insurance across the nation."

Uber and Lyft — which also signed the agreement — have been criticized for gaps in insurance coverage, as well as blurring the line between personal and commercial insurance policies. The agreement, which will be sent to state legislators across the country, provides lawmakers with a compromise both sides have already agreed to.

"Auto insurance carriers, Transportation Network Companies, and trade associations stand together in support of this insurance legislation, and encourage you to utilize this language," the letter to legislators says.

Uber and Lyft have faced scrutiny from cab drivers and local governments that want regulations for ride-sharing companies to put them on a level playing field with taxi companies.

Gov. Charlie Baker's administration is in the middle of its own regulatory process, and expects to file a bill in the coming weeks.

Bill Pitman, a Baker spokesman, said: "The administration continues to engage with municipalities, industry leaders and public safety advocates as it works to draft a statewide regulatory framework that embraces innovation and enhances the safety of riders and drivers."


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Spruce up home for spring rush

With the busy spring real estate season starting, it's time for sellers to spruce up their property.

The work can go a long way toward luring potential buyers clicking through the photos that accompany online listings as well as bump up a home's selling price.

For sellers on a limited budget, painting can work wonders.

"Paint is our No. 1 go-to tip and trick before we do anything," said Peter Souhleris, co-star of the A&E TV show "Flipping Boston" and co-owner of CityLight Homes of Peabody. "Just $200 in paint has given us back $20,000 to $30,000 versus if you left it and you thought to yourself, 'Oh well, someone is going to come in and paint it the way they want.' It's just the biggest bang."

For those with bigger budgets, stagers are an option for empty homes.

"Every builder, every flipper is watching every penny they have, so the fact that so many of them do stages attests to the fact that it obviously brings added value to the house," said Betsy Konaxis of BK Classic Collections Home Stagers in Beverly. "I basically can bring in furniture for empty homes so that ... each room is identified for what it is. It helps create that image of how (buyers) want to live."

Stagers also will work with a sellers' own decor, laying out furniture and redistributing wall art.

"The process starts online," Konaxis said, referring to photos illustrating home listings.

"You don't know who you eliminated because they didn't like what they saw online. I look at everything through the camera lens."

De-cluttering a home is something that owners can tackle on their own. "It's packing up as much as necessary, making your space look as big as possible," said Rosalee DiScipio of McGeough Lamacchia Realty in Waltham. "Knickknacks, personal items, excessive family pictures — stuff like that we always recommend to put away."

Buyers should be able to picture themselves in a home.

"If they see your family in this house, it's going to be harder for them to imagine being (there)," DiScipio said. "It's a mental thing."

Lighting is an easy way to modernize and brighten up a home for short money, said Souhleris, who suggests fixtures that are simple and clean. "Get rid of anything that has brass and oak in it or any of the old ceiling ones that have brass and gold," he said.

Curb appeal also is key. Clear gutters, make sure downspouts drain water away from the house, clean up yard debris, mow the lawn, weed, and trim overgrown bushes.

"If the front is looking bad, it becomes a 'drive-by,'" Souhleris said.

But in a tight real estate market, with not as much inventory of homes for sale, do sellers really have to bother with a spruce-up?

"We see some houses sitting that are bruised and abused," DiScipio said. "Had they done some upgrades, maybe they wouldn't be sitting for as long. But if you just want to be done, list it at the right price, and it will sell."


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New Balance gives Boston its sole

New Balance is releasing a new running shoe with a distinctive Boston flavor just in time for next month's 119th Boston Marathon.

The limited-edition Fresh Foam Zante Boston sneaker features the Boston skyline on its insole and the word "Fastah" on the sole — that's "faster" in Boston parlance. New Balance also inscribed its logo with "Boston."

"With its extraordinary culture of both sports fanatics and fitness fanatics, it's safe to say that nobody runs like Boston," the company said in a statement.

The sneakers go on sale for $114.95 at New Balance's Boston store and on newbalance.com on April 6.


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Internet outages reveal gaps in US broadband infrastructure

FLAGSTAFF, Ariz. — When vandals sliced a fiber-optic cable in the Arizona desert last month, they did more than time-warp thousands of people back to an era before computers, credit cards or even phones. They exposed a glaring vulnerability in the nation's Internet infrastructure: no backup systems in many places.

Because Internet service is largely unregulated by the federal government and the states, decisions about network reliability are left to the service providers. Industry analysts say these companies generally do not build alternative routes, or redundancies, unless they believe it is worthwhile financially.

The result: While most major metropolitan areas in the U.S. have backup systems, some smaller cities and many rural areas do not.

"The more rural the location, the more likely that there's only one road in and out of that location," said Sean Donelan, a former infrastructure security manager in the U.S. Homeland Security Department who now works for a cybersecurity firm. "If someone manages to cut that fiber, you'll generally see a one- or two- or three-day outage."

Despite its own warnings about such vulnerabilities two decades ago, the federal government has taken no steps to require Internet companies to have backup systems, even as it has provided billions of dollars in subsidies to expand broadband Internet into unserved areas.

"Our first responsibility is to make sure that people actually have service," said Agriculture Secretary Tom Vilsack, co-chairman of President Barack Obama's newly created Broadband Opportunity Council.

In northern Arizona last month, tens of thousands of residents were without Internet service — some for up to 15 hours — after vandals cut through an underground bundle of fiber-optic cables owned by CenturyLink. ATMs went down, stores couldn't process credit cards, college students in Flagstaff had to put their research on hold, and even 911 emergency service was lost.

Earlier this month, several thousand people lost Internet and phone service for half a day when an electric company crew accidentally cut a fiber-optic line in northern New Mexico.

When an underwater fiber-optic cable became wrapped around a big rock and broke in 2013, some residents of Washington state's San Juan Islands were without Internet and telephone service for 10 days.

Among them was aerospace consultant Mike Loucks, who said he was shocked to find out his home phone, cellphone and Internet service did not work independently of each other. All went down because they relied on the same cable. He ended up taking a ferry to the mainland to dial in to conference calls from his car outside a McDonald's.

"When I figured out what all had been routed to this cable, it's a single-point failure thing," he said. "That's pretty dumb. Why don't you guys have a backup cable?"

He was so frustrated that he switched Internet providers.

CenturyLink, the broadband provider in the Arizona and Washington outages, declined to make officials available for an interview about its Internet infrastructure. But spokeswoman Linda Johnson said in an email that the company acts quickly to restore service and "is constantly investing in its local network and strives to deliver new services and build redundancy where possible."

After the San Juan Islands outage, CenturyLink spent $500,000 to install a microwave system that now backs up the underwater cable. A microwave system is wireless technology that relies on a series of above-ground antennas or towers to transmit data. It's more often used in rural areas.

Companies have been deploying more than 10 million miles of fiber annually in the U.S., increasing the risk of damage from backhoes, trench-diggers and shovels, according to an analysis by a network reliability committee of the Alliance for Telecommunications Industry Solutions. The number of outages on high-capacity fiber-optic lines in the U.S. more than doubled from 221 in 2010 to 487 last year, according to the Federal Communications Commission.

Fiber-optic cables form the spine of the Internet. A fiber bundle contains dozens of tiny glass fibers — each about the width of a human hair — that use light waves to transmit data. The fibers often are buried along existing rights of way for highways, railroads or pipelines. It is common for a telecommunications company to install the cables and then lease space on them to others.

That saves money for everyone involved. But it also means outages can affect a wide variety of services.

As early as 1995, the U.S. Commerce Department's National Institute of Standards and Technology warned that the "power of optical fiber technology is diminishing the number of geographic transmission routes," concentrating the flow of information and "resulting in an increase in network vulnerability."

Since 2009, the U.S. Agriculture and Commerce departments have provided about $10 billion in grants and loans to expand broadband Internet access. The departments said recipients were encouraged but not required to build redundancies into their projects.

The FCC says about half the rural U.S. lacks access to high-speed Internet service. It plans to distribute about $20 billion over the next five years to support rural broadband. It does not require recipients to build network backup systems against outages.

The funding "is designed to expand broadband to as many rural Americans as possible while not increasing the cost of the program" to customers, FCC spokesman Mark Wigfield said.

The FCC recently increased its oversight of Internet providers by classifying them as "telecommunications services" that must operate in the public interest. But that doesn't carry any new mandate for Internet network redundancies, because such backups aren't required of phone companies, he said.

Some states have laws specifically barring the regulation of Internet service, and it's outside the jurisdiction of many state utility regulatory agencies.

Washington state Rep. Jeff Morris, who represents the San Juan Islands and is chairman of the House Technology and Economic Development Committee, said lawmakers are hesitant to require redundant lines for fear they will lead to higher Internet and phone bills for their constituents. His colleagues have discussed taxing access to Internet services, but that is prohibited by federal law.

"It really spoils our ability to generate revenue to give better service and reliability to our constituents," he said.

Some state officials are nonetheless trying to nudge Internet providers to develop backup plans.

"Dependability is premier to the Internet these days," said Sandy Jones, a member of New Mexico's Public Regulation Commission. "Redundancy — two paths out, three paths out — is really critical for businesses. Just think of restaurants, gas stations, all the things that shut down when there's no Internet line."

___

Lieb reported from Jefferson City, Missouri.

___

Follow David A. Lieb at https://twitter.com/DavidLieb and Felicia Fonseca at https://twitter.com/FonsecaAP .


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$17M fraud penalty rocks state biotech co.

Written By Unknown on Kamis, 26 Maret 2015 | 22.26

A Bay State biotech company will pay more than $17 million to settle charges that its executives lied to investors and used their money for personal expenses, including massages and leasing a BMW.

"They were lying about what they had to sell, how soon it was likely to get to market, how and whether it was under the governmental approval processes and how much their company might be worth," said Paul Levenson, regional director of the Securities and Exchange Commission's Boston Regional Office.

Danvers-based BioChemics was accused of defrauding investors from 2009 until mid-2012, falsely claiming that:

• The company had partnerships with other drug companies.

• Two drugs were under FDA review.

• The company had been valued at more than $1 billion when it had an internal valuation of $200 million.

BioChemics raised more than $15 million from at least 70 individual investors for a transdermal drug delivery system it claimed it was developing.

John Masiz, the founder of BioChemics, Gregory Kroning and Craig Medoff also were named in the initial SEC complaint.

"Investor funds were used to pay for personal expenses of Masiz (such as meals, massages, clothing and sporting goods) and Kroning (such as a leased BMW automobile)," the complaint said.

BioChemics must pay more than $17 million to the SEC, including "ill-gotten gains," interest and a $750,000 penalty, the SEC said. The SEC will then seek to repay investors.

A lawyer representing BioChemics did not respond to requests for comment.


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National Grid rates drop for summer

The price of electricity is going down this summer for National Grid cus­tomers, but rates will remain higher than a year ago — with no relief in sight.

"It's a little higher than last summer," said Jake Navarro, a spokesman for National Grid. "This is a market-­based phenomenon and over time, because of the natural gas constraints in the region, these power supply prices are going to continue to creep up."

National Grid this week announced a 26 percent rate cut for its electric customers, or about $32 on a typical bill, and a 25 percent to 30 percent cut for natural gas customers, or $9 to $12 on a typical bill, starting May 1. The Department of Public Utilities yesterday approved the new rates.

Eversource, the state's major electricity delivery company, has said it hopes to be able to file for a rate decrease in a few months.

Last fall, the DPU approved a 37 percent rate hike for National Grid electric customers. At the time, National Grid blamed the increase on insufficient natural gas pipeline ca­pacity to fuel power plants. Gov. Charlie Baker has thrown his support behind efforts to add a new natural gas pipeline in the region.

"The region as a whole has become more reliant on natural gas, but without building the highways to get natural gas here," Navarro said. 'We need additional gas capacity in the region and until we get it, it looks like the power supply prices will continue to trend up."

A legislative committee is investigating the increases in electricity prices in Massachusetts, and a DPU spokeswoman said it has started looking into "ways to improve the retail electric competitive supply market."


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New law provides protection for domestic workers

A law set to take effect April 1 includes new rules for those who employ the state's estimated 67,000 domestic workers — a part of the labor force that until now has lacked some of the protections that other workers­ take for granted.

"Domestic workers contribute in significant ways to our economy, often working long hours to assist individuals and families every day," said Grant Woodman, a spokesman for Attorney General Maura Healey, whose office is drafting the regulations under which the Domestic Workers' Bill of Rights will be enforced. "This law makes clear that domestic workers have many of the same protections as other workers in our community and also provides important new rights for live-in workers who are especially vulnerable because of their relative isolation."

The law, approved by lawmakers and signed by former Gov. Deval Patrick last year, defines a domestic worker as anyone who is paid by an employer other than an agency to do cleaning, cooking, laundry or care for children, the sick or the elderly in a home.

If the employee works 16 hours or more per week, the employer must provide a written contract detailing, among other things, the worker's job responsibilities, pay and work hours, and benefits.

Lydia Edward of Greater Boston Legal Services and campaign coordinator for the Massachusetts Coalition for Domestic Workers, said the law is the result of four years of organizing on behalf of workers who are often exploited, sexually harassed and verbally or physically abused.

"The most important thing for employers to understand," Edward said, "is that they have certain obligations intended to ensure that their employees are treated with respect and dignity."


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The Ticker

Smart meters come to Hub

Boston will replace all 8,000 parking meters in the Hub with "next generation" smart meters.

The Back Bay and Innovation District will get multispace meters, which allow more vehicles to fit in a block of spaces, the city said. The rest of the parking meters will be replaced by meters that will accept change, credit cards and cell phone payments. The smart meters also will collect real-time data about whether a space is occupied.

The move, announced yesterday as part of Mayor Martin J. Walsh's transportation initiatives, is expected to cost $5 million. Replacement of the parking meters will begin by the end of the year.

Heinz buy of Kraft just latest merger

Wall Street's deal-making renaissance shows no sign of ending.

Heinz's $45 billion acquisition of Kraft Foods, announced yesterday, has helped maintain the momentum in the market for mergers and acquisitions.

So far this year, companies globally have struck deals worth $802 billion, according to data provider Dealogic. That compares with $733 billion in the first quarter of 2014 and makes it the best first quarter for deal-making in at least five years.

Other big deals in the works include Simon Property's bid to buy rival Macerich, and AbbVie's deal to buy Pharmacyclics.

  • Tufts Health Plan announced the appointment of Marc Backon, left, to senior vice president and chief sales and marketing officer for its commercial products division. Backon brings more than 25 years of health care ex­perience to this position.

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Toyota: Both hands back on the wheel after recall spinout

TOYOTA, Japan — After extended introspection at the world's biggest automaker, Toyota says it has put its massive recalls behind it and is preparing to re-engage its growth engine once again.

The Japanese company outlined a new "architecture" Thursday centered on product development and manufacturing initiatives it hopes will be more fail-proof against quality problems, and allow it to keep growing in a sustainable way.

The first cars under the system, medium-sized front-wheel drive cars, will roll out later this year, and will be expanded to half its lineup by 2020, Toyota Motor Corp. said.

Executive Vice President Mitsuhisa Kato acknowledged that managing the company's global scope and model lineup had become an increasing challenge.

"It is making our effort to come out with ever better cars increasingly difficult," he told reporters at its headquarters in Toyota city, central Japan.

He pointed to how President Akio Toyoda had decided to take an "intentional pause" in rapid growth to strengthen the automaker's competitiveness.

The recall fiasco resulted in more than 10 million vehicles being recalled around the world, mostly in the U.S., for a range of problems including faulty brakes, sticky gas pedals and ill-fitting floor mats. Toyota paid penalty fines in the U.S. and faced a number of lawsuits.

Before the scandal, Toyota had a reputation for high quality, centered around its super-lean production methods that empowered workers to hone in on quality control. Toyota has acknowledged repeatedly that it had tried to grow too fast.

There was no single massive change being pushed at Toyota under the new program, but rather a combination of efforts to guard against quality flaws while maintaining an edge in product appeal, such as cool-looking exterior designs and safety technology.

The plan that Kato kept calling "TNGA," short for Toyota New Global Architecture, is similar to solutions being pursued by other automakers, such as Japanese rival Nissan Motor Co. and Volkswagen AG of Germany, which are grappling with balancing quality and growth.

Toyota is facing the challenges of addressing the complexity of developing cars while costs were ballooning for new needs such as compliance and safety features, and consumers weren't willing to pay more, said Deutsche Securities senior analyst Kurt Sanger after hearing Kato's presentation.

"It's impressive in its aspirations and frankly the scale," he said of Toyota's plans.

In 2014, Toyota sold 10.23 million vehicles, beating out Volkswagen and General Motors Co.

In a demonstration at one of Toyota's plants, it showed a variety of technologies it had developed to grow ever leaner while making good cars, ranging from better synthetic leathers to shinier paint jobs.

Toyota said it had programmed robots to simulate the delicate hand movements of a craftsman to shape a car's body. It also created its own way of screwing with lasers that shortened the welding of each screw from 2 seconds to 0.3 seconds. It shortened the line for stamping a metal part from 20 meters (65 feet) to 2 meters (6 feet) by making the machines smaller.

Toyota said it will continue to focus on keeping costs down, while taking on new steps such as using existing plants and facilities to carry out the changes.

Production lines will be simplified and slimmed down, downsizing facilities such as painting booths, and switching to equipment that sits on the plant floor, rather than being suspended from above, as is standard today.

Among the other main measures:

— Improving basic vehicle parts such as platforms, which will become more sturdy and rigid for increased safety, as well as powertrains, such as gasoline engines, that will be in all vehicles.

— Boosting fuel efficiency through an aggressive push in hybrids, which switch back and forth between a gas engine and an electric motor, such as the Prius.

— Improving handling by lowering the center of gravity of vehicles.

— Enhancing safety features through sensors, radar and cameras that avoid and detect crashes.

___

Follow Yuri Kageyama on Twitter at twitter.com/yurikageyama


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Auto workers president rejects lower-tier of wages

Written By Unknown on Rabu, 25 Maret 2015 | 22.27

DETROIT — The leader of the United Auto Workers union has rejected a third tier of lower wages for members who make auto parts.

Speaking Wednesday at the union's national bargaining convention in Detroit, President Dennis Williams said the UAW already has too many tiers of lower wages.

Williams was responding to reports that General Motors Co. and Ford Motor Co. may propose a third tier of pay. He already is under pressure from union members to end a second tier of wages that's about half the $28 per hour made by longtime workers.

He told delegates that he heard people talking about the third tier, which would pay less than the $15.28 starting wage for second-tier workers, on their way in to the convention center Wednesday morning.

"I'm thinking they got too many damn tiers now," said Williams, who received a standing ovation.

Actually, a third tier of wages already is in place at several General Motors factories in the Detroit area for a small number of workers who build battery packs and place parts in the right sequence to be assembled on cars. Without the lower tier, the work may have gone to Mexico or another country with lower labor costs.

Williams told members about bridging the gap in wages, an apparent reference to the first and second tiers. But he also said they're competing in a global economy.

Many at the convention spoke in favor of pay raises for veteran workers. Longtime UAW workers have not had an hourly pay raise since 2007, although they have received hefty annual profit sharing checks. But there's no guarantee of getting checks every year.

Williams didn't address pay raises in his speech, but has said in the past that there are ways to give raises and keep the companies competitive.

In his speech, he said workers shared in getting the auto companies through bad times and "we must equally share in the good times."

Contract talks with between Fiat Chrysler, GM, Ford and the UAW start this summer. The union represents about 137,000 workers at the three companies. The current contract expires in September.


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Obama: Base health care payments on quality, not quantity

WASHINGTON — President Barack Obama says he's ready to sign bipartisan legislation to fix Medicare's doctor payment problem.

Obama says he's got his pen "ready to sign a good bipartisan bill."

Without a fix, doctors face a 21 percent cut in Medicare fees. It's the consequence of a 1990s budget law that Congress has repeatedly waived.

The House is expected to vote Thursday on a bill with rare support from both top leaders in the House that would permanently fix the problem. It also would extend funding for children's health insurance and community health centers.

Obama spoke at a White House event marking this week's five year anniversary of his signing the Affordable Care Act.


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US durable goods orders fell 1.4 percent in February

WASHINGTON — Orders to U.S. factories for long-lasting manufactured goods fell in February for the third time in the past four months, while a key investment category fell for a sixth month.

Orders for durable goods dropped 1.4 percent in February following a 2 percent increase in January and declines of 3.7 percent in December and 2.2 percent in November, the Commerce Department reported Wednesday. A key category that serves as a proxy for business investment spending retreated 1.4 percent in February, the sixth consecutive monthly decline.

The weakness in February was widespread, with weaker demand for commercial aircraft, autos and machinery. The result adds to a slew of disappointing data from recent economic indicators. Economists, however, expect domestic demand to strengthen in the months ahead and hope that will be enough to offset weakness caused by a stronger dollar, which dampens export sales of U.S. companies.

Transportation orders were down 3.5 percent. Excluding transportation, durable goods orders dropped 0.4 percent. Demand for machinery and computers fell, while orders for communications equipment and appliances rose.

Paul Ashworth, chief U.S. economist at Capital Economics, blamed some of the weakness to the big plunge in energy prices, which has led to cutbacks in drilling plans by oil and gas companies. But he noted one sign of encouragement — business surveys of investment spending plans have improved significantly in recent months.

"We would expect to see a rebound in equipment investment in the second quarter," Ashworth said.

Many economists are looking for manufacturing orders to start strengthening following a stretch of weakness in the second half of last year. They believe the end of harsh winter weather and the resolution of a labor dispute at West Coast ports, which caused supply disruptions, should help.

They expect strong consumer spending, powered by a year of healthy job gains, will boost domestic demand and help to offset global weakness and the strong dollar.

Growth in the overall economy slowed significantly in the October-December quarter, with a widening trade deficit trimming growth by more than a percentage point.

The government will release its third and final estimate of economic growth in the fourth quarter on Friday. Analysts expect growth will be revised slightly to a rate of 2.4 percent, up from the previous estimate of 2.2 percent. But that would still leave the economy expanding far below the 5 percent rate in the third quarter. And economists believe growth has remained sluggish in the current January-March period at around 2 percent.


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Vermont city losing 600K-plus gallons of water daily in leak

RUTLAND, Vt. — The city of Rutland, Vermont, is losing more than 600,000 gallons of water a day because of a leak.

The Rutland Herald reports that officials are trying to figure out the source of the leak. They say residents have experienced a drop in water pressure since Saturday.

Public Works Commissioner Jeffrey Wennberg says the water isn't running through the streets and doesn't appear to be finding its way into the sewer. He says that means it may be going into a stream.

Wennberg says workers are inspecting valves, hydrants and vacant buildings. He planned to isolate and check the three transmission lines running from the water plant into the city of about 16,500 residents.

He says the leak isn't an immediate threat to the city's water supply.

___

Information from: Rutland Herald, http://www.rutlandherald.com/


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Feds to investigating safety of Lumber Liquidators flooring

RICHMOND, Va. — The U.S. Consumer Product Safety Commission is investigating the safety Lumber Liquidators laminate flooring made in China.

Chairman Elliot F. Kaye said Wednesday the agency is taking the issue seriously and is working to get answers for consumers.

The move comes after a report on CBS' "60 Minutes" earlier this month that said that Lumber Liquidators' Chinese-made laminate flooring contains high levels of formaldehyde, a carcinogen.

The Toano, Virginia-based discount hardwood flooring retailer has said it complies with applicable regulations for its products and has reassured consumers that its flooring is safe.

Two senators have since called for investigations following the broadcast.

Lumber Liquidators Holdings Inc. has more than 350 locations in North America.


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Higher gas costs lift US consumer prices after 3 declines

Written By Unknown on Selasa, 24 Maret 2015 | 22.26

WASHINGTON — A slight rise in gas costs and broad increases in other categories lifted consumer prices in February, a welcome sign after three straight months of declines that had pointed to excessively low inflation.

The consumer price index rose 0.2 percent, the Labor Department said Tuesday, after having sunk 0.7 percent in January — the biggest drop in six years.

Gas prices have plummeted since June, dramatically lowering inflation. They fell for seven straight months before rising 2.4 percent in February, the government said. Prices at the pump are still nearly 33 percent lower than a year ago.

Largely as a result, consumer prices were unchanged over the 12 months that ended in February after having slipped 0.1 percent in January compared with a year earlier. Excluding gas, prices have been more stable.

Outside food and energy, core prices also rose 0.2 percent last month. The cost of rents, clothes, new and used cars and airfares all increased. Over the past 12 months, core prices have risen 1.7 percent.

Even with February's uptick in prices, economists expect the strong dollar to keep inflation in check in coming months because it makes imported goods cheaper. The dollar has risen sharply in value in the past year compared with the euro and yen, in part because the U.S. economy is growing faster than those in Europe and Japan.

As gas prices stabilize, the year-over-year inflation rate should eventually start to rise, probably by midyear, economists say. Paul Ashworth, chief economist at Capital Economics, predicts that core inflation will reach the Federal Reserve's 2 percent target in the first half of next year.

"It is too early to say inflation is turning higher," said Jennifer Lee, an economist at BMO Capital Markets. The dollar's strength "takes time to filter through to prices, and the recent increase will show up in coming months."

The persistence of consumer inflation well below the Fed's target rate has complicated the central bank's decision on when to raise the short-term interest rate it controls from a record low. Job growth has been robust, and the economy is expanding at a steady, if modest pace. Normally, that would lead the Fed to raise its key rate from near zero, where it's been pinned since December 2008.

But price increases below the 2 percent target argue for postponing a rate increase. The Fed has chosen that target as a cushion against deflation.

After a two-day meeting last week, Fed policymakers said in a statement that it might be appropriate to raise rates after "further improvement in the labor market" and when they're "reasonably confident that inflation will move back to its 2 percent objective over the medium term."

That statement led many analysts to push back their estimate of when the Fed will raise rates until September or later. Some economists still expect the first increase to happen in June.

From June through January, gas prices plummeted 60 percent to a five-year low of $2.03 a gallon on average nationwide, according to AAA. The average rebounded to $2.33 by late February.

Some other trends are also keeping prices from falling. Rental apartment vacancies fell to their lowest level in 25 years at the end of last year, according to Joseph Carson, U.S. economist for asset manager AllianceBernstein. That raised average rents 3.4 percent in 2014, the biggest increase in six years. That upward move is lifting core inflation.


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Britain's inflation rate falls to zero

LONDON — Official data says Britain's inflation rate fell to zero last month, setting the stage for a period of falling prices first time in half a century.

The Office of National Statistics said Tuesday the inflation rate was unchanged in the year to February, compared to a 0.3 percent rise in January, amid drops in the cost of food.

The agency says an experimental model created by the ONS suggests the last time inflation was negative was in March 1960.

The drop came just days after Bank of England economist Andy Haldane suggested interest rates — now at a record low of 0.5 percent — were as likely to fall as to rise.

Deflation concerns economists because consumers may start to put off purchases in hopes that prices will drop.


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Mercedes recalls 30,000 cars to fix rear tail lamp problem

DETROIT — Mercedes-Benz is recalling just over 30,000 CLS-Class cars in the U.S. because the LED tail lamps may not light properly on the sides.

The recall covers certain 2015 CLS 400s, 2012 through 2015 CLS 550s, 2012 and 2013 CLS 63s and the 2014 and 2015 CLS 63P.

Mercedes says in documents filed with U.S. safety regulators that the malfunctioning lights could prevent other drivers from seeing the cars, increasing the risk of a crash.

The problem was discovered in December during a quality check at the factory. Dealers will update the lighting control software at no cost to the owners. Mercedes doesn't have a schedule yet for when the repairs will take place.


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US stocks mixed in early trading

NEW YORK — U.S. stocks were mixed in early trading Tuesday, as investors assessed the latest news on consumer prices and some company earnings.

Shares of Freeport-McMoRan fell after the mining company said it said it would slash its quarterly dividend. McCormick, a spice and seasoning company, was the biggest gainer in early trading after reporting better-than-expected earnings and revenue.

KEEPING SCORE: The Standard & Poor's 500 index fell two points, or 0.1 percent, to 2,102 as of 9:55 am. Eastern. The Dow Jones industrial average dropped 25 points, or 0.2 percent, to 18,088. The Nasdaq composite rose three points, or 0.1 percent, to 5,015.

CONSUMER PRICES: A modest rebound in gas costs and broad gains in other categories lifted consumer prices for the first time in four months. The consumer price index rose 0.2 percent in February, the Labor Department said Tuesday, after dropping 0.7 percent the previous month. January's decline was the biggest in six years.

LOWER PAYOUT: Freeport-McMoRan Inc. will cut its quarterly dividend by 84 percent due to falling oil prices, the Phoenix-based mining company said Tuesday. The company's stock dropped 73 cents, or 3.9 percent, to $18.57.

SPICY EARNINGS: McCormick & Co., the spices and seasoning company rose after it reported earnings and revenues that surpassed the expectations of Wall Street analysts. The company said it was planning for a "strong grilling campaign. The stock rose $3.45, or 4.7 percent, to $76.68.

EUROZONE ON THE UP: Figures for the eurozone suggested that the region's recovery may be gaining momentum. In its monthly survey, financial information company Markit said its purchasing managers' index for the region rose to 54.1 points in March from 53.3 in February. That put the index at its highest level since May 2011.

EUROPE'S DAY: In Europe, France's CAC 40 added 032 percent to 5,071 while Germany's DAX gained 0.3 percent to 11,925. Britain's FTSE 100 rose 0.1 percent to 7,045.

CHINA WORRIES: China's manufacturing fell to the lowest level in nearly a year as new orders shrank. HSBC's preliminary manufacturing index based on a survey of factory purchasing managers dropped to an 11-month low of 49.2 in March, from February's 50.7. The index is based on a 100-point scale on which numbers below 50 indicate contraction.

China's economy expanded 7.4 percent last year, its slowest pace in nearly a quarter century, and economists predict growth will slow further this year and the next.

ENERGY: Benchmark U.S. crude was down 4 cents to $47.42 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, a benchmark for international oils, lost 49 cents to $55.41 in London.

BONDS AND CURRENCIES: The yield on the 10-year Treasury note was little changed from Monday at 1.91 percent.

The dollar was little changed against the euro and the Japanese yen. Against the euro, the U.S. currency traded at $1.0932 and versus the yen is was at 119.65 yen.


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AP Exclusive: GOP hits Medicaid to offset doc fee hikes

WASHINGTON — House Republicans quietly deepened recommended budget savings from the government's chief health care program for the poor by about $140 billion in recent weeks to offset part of the cost of higher payments to doctors who treat Medicare patients, according to officials familiar with the tradeoff.

The maneuver comes as Republicans in both houses struggle with competing priorities, in this case a desire to stabilize what is widely viewed as a dysfunctional system of provider payments under Medicare, while pursuing a 10-year goal of balancing the budget.

Neither budget documents nor publicly available material related to the doctor fee legislation contain any reference to the decision to reap greater savings from Medicaid, a federal-state program that provides health care for the low-income. Republican officials who described the decision did so on condition of anonymity, saying they had not been authorized to discuss it.

A spokesman for the House Budget Committee, Ryan Murphy, said the 10-year plan headed for a floor vote accounts for the cost of the Medicare physician legislation, as it does for "all the costs incurred in our budget and gets us to balance within 10 years."

Unlike several other officials, he declined to say if the decision had been made recently to deepen the projected savings from a benefit program for one population in order to pay higher costs for another program serving a difference slice of the country.

At its core, the Medicare legislation would block a 21 percent cut threatened for April 1 in fees paid to doctors who treat seniors. It also would replace a 1997 law that has threatened similar reductions for years with a guaranteed modest increase in fee payments. At the same time, it would tie fees to a new formula aimed at encouraging physicians to charge based on the quality of care, not the quantity.

Congress has voted well over a dozen times in the past 18 years to extend the existing law, but Speaker John Boehner said Tuesday that House Republicans "have no intentions" of passing another one. He predicted the replacement measure would pass this week, and urged the Senate to agree "as quickly as possible."

The price tag for Medicare fee legislation, which has support from Democrats and Republicans, has been pegged at about $210 billion over a decade. Of that amount, about $35 billion would be offset by raising the amount that upper-income seniors pay for their care under the program. A similar sum would come from changes in reimbursements to a variety of providers such as hospitals.

That leaves about $140 billion of the bill's cost uncovered, an amount that ordinarily would translate directly into higher deficits.

To guard against that, senior House Republicans decided in private meetings to deepen already-planned savings in Medicaid, according to several officials familiar with the discussions.

So far, the House Budget Committee has not yet disclosed the amount in savings the 10-year balanced budget plan envisions coming from Medicaid.

Materials released by the panel show that "Medicaid and other health programs" would experience a $913 billion cut over a decade from previously assumed levels of spending, but it contains no further breakdown.

Despite Republican maneuvering, it appears that deficits will, in fact, rise if the Medicare doctor fee legislation is signed into law. That bill commands bipartisan support, but Democrats and President Barack Obama almost certainly will block any legislation that cuts as deeply into Medicaid as Republicans want.

The disclosure came as the GOP leadership prepared for floor votes later this week on rival 10-year balanced budget plans that cleared House and Senate committees, and as rival plans sprouted at both ends of the political spectrum.

House Democrats unveiled a proposal that tracks Obama's proposal for $1.8 trillion in higher taxes on wealthy individuals and corporations, a step that is a non-starter for Republicans. It also shows deficits through the end of the coming decade.

The Republican Study Committee, a group of House conservatives, countered with a plan that claims to eliminate deficits in six years, three years sooner than the plan that cleared the House committee. It includes about $1.7 trillion in deeper deficit reductions, and includes proposals to delay the age of Medicare eligibility from 65 to 67 and restrain the cost-of-living increases that go to Social Security recipients.

_____

Associated Press writers Andrew Taylor and Alan Fram contributed to this report.


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Starbucks scraps 'Race Together' campaign in stores after weeklong backlash

Written By Unknown on Senin, 23 Maret 2015 | 22.27

Starbucks CEO Howard Schultz announced the end of the company's "Race Together" campaign in stores on Sunday nigh,t via a memo to staff.

Employees will no longer be encouraged to write the slogan on customers' cups after a weeklong backlash aimed at the behemoth coffee chain's efforts to open up a discussion on race issues.

"I know this hasn't been easy for any of you – let me assure you that we didn't expect universal praise," chief executive Schultz wrote in a letter to staff and released by the company on Sunday. "We leaned in because we believed that starting this dialogue is what matters most."

After the campaign kicked off last week, Starbucks received widespread criticism, and Schultz even appeared on media to clarify that the company's intentions were to open up a dialogue on race — not offend anyone.

"This phase of the effort — writing 'Race Together' (or placing stickers) on cups, which was always just the catalyst for a much broader and longer term conversation — will be completed as originally planned today, March 22," Schultz wrote.

"Race Together" activities will go on as planned over the next few months, including open forum discussions and special sections in USA Today.

The company has also committed to hiring 10,000 disadvantaged youth in the next three years while also opening up new stores in minority communities.

2015 TheWrap news inc. All rights reserved.


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US home sales rebound slightly in February

WASHINGTON — Slightly more Americans bought homes in February, but tight inventories, affordability problems and nasty winter weather point to sluggish sales in the coming few months.

Sales of existing homes rose 1.2 percent last month to a seasonally adjusted annual rate of 4.88 million, a slight rebound after plunging in January yet still underperforming by historical standards, the National Association of Realtors said Monday.

The real estate market has hibernated through the first two months of 2015, creating the potential for a second straight year of weak buying activity.

Strong job growth and relatively low mortgage rates have failed to awaken buyers. Meanwhile, relatively few homes are being listed for sale and builders are mostly catering to the wealthiest slivers of the market. Sales are running below last year's pace of 4.93 million, which represented a 3.1 percent drop from 2013.

"The next couple months are some of the most critical of the entire year for housing and sluggish numbers may continue if inventory doesn't increase," said Bill Banfield, vice president of mortgage provider Quicken Loans.

Despite February's uptick, buying activity appears to have been slow coming into March because of a series of harsh winter storms. The weather last month shut down construction and hurt open houses, likely causing fewer signed contracts and put additional downward pressure on completed sales in March.

"Mother Nature will probably make her presence known more in March," said Jennifer Lee, a senior economist at BMO Capital Markets.

Housing starts plunged 17 percent in February, the Commerce Department reported last week. Buyer traffic also slipped last month, according to the National Association of Home Builders/Wells Fargo index. Mortgage applications slipped in March, according to the Mortgage Bankers Association.

Sales tumbled 6.5 percent last month in the Northeast, which was hammered hard by snow, the Realtors said. Home-buying was unchanged in the Midwest and increased in the South and West.

The recent storms have led several economists to expect a strong recovery in the coming spring months, when more buyers usually step up their search and sellers decide to list their properties.

Still, some homeowners are trapped by mortgage debt, making it unprofitable for them to sell. Their negative equity is a lingering aftershock from the recession and housing bust, limiting the supply of available homes on the market.

The real estate data firm Zillow reported last week that 16.9 percent of homeowners owe more on their mortgage than their homes are worth. In several metro areas including Philadelphia, Houston and Boston, that rate actually increased from the levels in the third quarter of 2014.

The Realtors reported Monday that just 4.6 months of supply was listed for sale, compared to a full five months a year ago.

That meager inventory has helped push up sales prices, creating additional affordability pressures despite strong monthly job gains averaging more than 200,000 for the past year.

Median home prices increased 7.5 percent over the past 12 months to $202,600, almost quadruple the pace of average hourly wage gains.

Sales to investors and for all-cash have also declined over the past year, while first-time buyers have yet to return. First-timers accounted for only 29 percent of home sales, compared to a historical average of 40 percent.

Nor have buyers responded much to the comparatively low mortgage rates.

Average 30-year fixed rates were 3.78 percent last week, according to the mortgage giant Freddie Mac. That average has plunged from a 52-week high of 4.41 percent, which should help to make housing more affordable.

Because of tight credit, few potential buyers have been able to take advantage of the low rates.

An Urban Institute index measuring credit availability found that lenders are taking fewer risks with mortgages, choosing buyers with high credit scores and providing them routine mortgages, rather than the exotic and opaque loans that inflated the housing bubble and led to the financial crisis.

The restricted credit "has been, and threatens to continue to be, a headwind for the housing recovery," said Michelle Meyer, a senior economist at Bank of America Merrill Lynch, in a client note.


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Humana selling Concentra unit for about $1.06 billion

LOUISVILLE, Ky. — Humana Inc. says it will sell its Concentra Inc. unit to MJ Acquisition Corp. for just under $1.06 billion in cash.

The Concentra unit, acquired by Humana in December of 2010, is a provider of occupational health, urgent care and physical therapy services.

MJ Acquisition is a joint venture between hospital operator Select Medical Holdings Corp. and Welsh, Carson, Anderson & Stowe XII, L.P., a private equity fund.

The sale is expected to close during the second quarter.

The health insurer said its 2015 profit outlook remains set at between $8.50 and $9 per share.

Humana is based in Louisville, Kentucky.


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After strong week, US stock gains slow in morning trading

NEW YORK — U.S. stock indexes are mixed in morning trading on Monday following a strong performance last week.

KEEPING SCORE: The Standard & Poor's 500 index edged up six points, or 0.3 percent, to 2,114 as of 10:15 a.m. The Dow Jones industrial average rose 63 points, or 0.3 percent, to 18,190 while the Nasdaq composite slipped two points, or 0.1 percent, to 5,024, not far from its all-time high, last seen during the dot-com bubble in 2000.

The S&P 500 jumped 2.7 percent last week, its biggest weekly gain since early February.

WARNING: Shares in Gilead Sciences fell following news that the pharmaceutical company told physicians that nine patients taking its hepatitis C treatments developed slow heartbeats and that one died. Gilead slid $1.96, or 2 percent, to $100.32.

EUROPE: Germany's DAX lost 1.3 percent and France's CAC 40 shed 0.8 percent. Britain's FTSE 100 was up 0.1 percent.

GREECE IN FOCUS: In Europe, traders were looking to a meeting on Monday between the leaders of Greece and key creditor Germany for signs of progress in Greece's debt negotiations. The country is in talks with its European rescue lenders on what reforms it must make to be eligible to receive more loans. Although Greece faces a cash crunch in coming weeks, the talks have been slow and investors are hoping that the meeting between Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel can get them moving.

ASIA'S DAY: The Shanghai Composite Index rose 2 percent points and Tokyo's Nikkei 225 gained 1 percent. Hong Kong's Hang Seng added 0.5 percent.

OPTIMISM: Investors will be looking at whether U.S. stocks can extend a strong run from last week, when they were boosted by a rebound in oil prices and earnings from sportswear giant Nike and other big companies. The gains came after the Federal Reserve said at the end of its two-day meeting Wednesday that it was in no hurry to hike rates with both U.S. economic growth and inflation low.

THE QUOTE: "On current statements, no central bank in the developed world is going to raise rates before June. In fact, the market believes no central bank will lift rates before September," Evan Lucas of IG Markets said in a report.

CRUDE: Benchmark U.S. crude rose 23 cents to $46.80 a barrel in New York.

CURRENCY: The dollar fell to 119.80 yen from Friday's 120.03 yen. The euro rose to $1.0898 from $1.0820.


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Investigation prompted by alleged rape story to be released

CHARLOTTESVILLE, Va. — Police plan to release the findings of an investigation prompted by a Rolling Stone article about an alleged gang rape at a University of Virginia fraternity house.

Charlottesville police have scheduled a news conference for 2 p.m. Monday. A notice posted on the police department's website says officials won't answer any questions before the news conference.

The November 2014 article described an alleged gang rape at a fraternity house in 2012. Rolling Stone has since apologized for the article and noted discrepancies.

The police department said in January that investigators had been unable to confirm that a gang rape occurred at the fraternity house. However, a police spokesman emphasized at the time that did not mean an assault did not occur.


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Icy return of boats not all its quacked up to be

Written By Unknown on Minggu, 22 Maret 2015 | 22.27

The launch of the duck boats is a rite of spring, but this year even the amphibious vehicles have fallen victim to the unseasonably cold and snowy winter.

Boston Duck Tours will begin its 21st season today, but with some special measures to avoid frozen feathers. The duck boats will either not go in the water at all or make an abbreviated swim thanks to ice still clogging the Charles River.

"Any time you go in the water with ice, it's not a good idea. The Titanic is a good example," said Bob Schwartz, a spokesman for Boston Duck Tours. "It would just not be the safe thing."

The land-water tour company actually pushed back its opening date this year to try to avoid an iced-over Charles, but it wasn't enough of a delay, Schwartz said.

The average temperature in February was more than 12 degrees colder than normal, according to the National Weather Service, and March temperatures have been below normal too.

Duck Tours will be 50 percent off until the amphibious vehicles can make the full water run, which usually lasts around 20 minutes, Schwartz said. For now, if the duck boats take a dip at all, it will last around 10 minutes. If the water is not frozen where the duck boats splash in, the vehicles will make the trip around the mouth of the Charles, but not up the river.

Schwartz said not going in the water will be tough for riders.

"It's such a big draw, that's who we are," he said. "It's the thing that people really want to experience when they come."


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On 5th anniversary of health care law, no end to debate

WASHINGTON — When President Barack Obama signed the Affordable Care Act five years ago, he visualized a time when the political hyperbole would be silenced and ordinary people would see that the health care law improved their lives.

The White House ceremony on March 23, 2010, was an applause-filled celebration. "When I sign this bill," Obama said, "all of the overheated rhetoric over reform will finally confront the reality of reform."

But the polemic around "Obamacare" hasn't cooled much, and the permanence of the president's achievement remains in question as the nation awaits the outcome of a Supreme Court case that could jeopardize insurance for nearly 8 million people.

Here's a look at the health care law, then and now:

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Then: 49.9 million people were uninsured in 2010, according to the Census Bureau.

Now: That's down significantly, to somewhere between 30 million and 40 million people.

The administration recently estimated that 16.4 million adults have gained insurance since the law's coverage provisions took effect.

Measuring differently, data from a large daily survey called the Gallup-Healthways Well-Being Index suggests a more modest impact: The uninsured rate dropped from 16.3 percent in early 2010 to 12.3 percent this year among adults 18-64, which translates to about 9.7 million fewer uninsured.

But the law's precise impact may not be clear for a few years, partly because census surveys take time.

___

Then: Insurers could deny coverage to people with health conditions or charge them higher premiums.

Now: Insurers can't ask about someone's medical history. But they can charge smokers more.

___

Then: Health insurance was available to most people, but the government didn't require them to have it.

Now: The law requires nearly all Americans to have coverage, either through an employer, a government program or by buying their own policies. The uninsured risk IRS fines.

___

Then: In April 2010, 46 percent had a favorable view of the law, while 40 percent had an unfavorable opinion, according to the Kaiser Family Foundation tracking poll.

Now: Naysayers have an edge. Forty-three percent have an unfavorable opinion, while 41 percent have a favorable view, according to Kaiser's latest poll.

About 3 in 5 said the law has had no impact on their family. The rest are divided almost equally between the 19 percent who said they were helped and the 22 percent who said they have been hurt.

___

Then: Democrats ran both chambers of Congress. Nancy Pelosi was speaker of the House and Harry Reid was Senate majority leader.

Now: Republicans are back in charge after Democratic losses in the 2010 and 2014 midterm elections. Opposition to "Obamacare" was a motivator for conservative voters. Pelosi and Reid are minority leaders in their respective chambers.

___

Then: Losing health insurance was a rite of passage for young adults; insurers routinely dropped them from parental coverage.

Now: Young adults can remain on a parent's plan until they turn 26, whether or not they are students.

___

Then: People who bought their own health insurance had to pay the full cost — making it unaffordable for many.

Now: Insurance exchanges like HealthCare.gov offer subsidized coverage.

___

Then: The final legislation cut a provision that would have authorized Medicare to pay doctors for counseling patients about what kind of care they would want in the last stages of a serious illness.

Former GOP vice presidential candidate Sarah Palin asserted that would lead to "death panels." Palin's accusation was widely debunked, but not before it created a furor.

Now: Medicare is considering a regulation to allow payment for end-of-life counseling and has asked for public comment. Such counseling would be voluntary, and the idea has wide support in the medical community.

___

Then: At a rally near Cleveland days before the bill passed in 2010, Obama claimed employers would see premiums plummet, "which means they could give you a raise."

That year, annual premiums for employer-sponsored insurance averaged $5,049 for employee-only coverage and $13,770 for a family plan, according to the Kaiser Family Foundation's employer survey.

Now: Premiums for job-based insurance have gone up.

They averaged $6,025 for employee-only coverage in 2014, the most recent year available from Kaiser. Family coverage averaged $16,834. The employee share also went up.

Supporters of the law say premiums have risen more slowly than would have otherwise been the case.

But employers have kept shifting costs to workers. The average annual deductible for single coverage was $1,217 in 2014, up from $917 in 2010.

___

Then: The 2010 Medicare trustees report estimated that spending cuts and tax increases in the health care law would extend the life of the program's giant hospital trust fund to 2029. Before, it was expected to run out in 2017.

Now: The 2014 Medicare trustees report estimated that the trust fund will be exhausted in 2030. Slowing medical inflation has helped Medicare, even as baby boomers reaching age 65 are flocking to enroll.

The health care law's cuts haven't had the dire consequences that many seniors feared. Congress has passed even more spending reductions since 2010.

Medicare's long-term future remains uncertain.

___

Then: Even before Obama signed the law, conservatives were preparing a constitutional challenge to its requirement that individuals carry health insurance. A divided Supreme Court upheld the mandate in 2012, ruling that the penalty for not complying works like a tax. However, the court gave states the option to reject the law's Medicaid expansion.

Now: A decision in the latest case brought by opponents is expected in late June.


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Techies snatching up more real estate in Southern California

LOS ANGELES — Internet moguls like Amazon's Jeff Bezos aren't the only techies snatching up real estate in Southern California.

While the mega rich from Silicon Valley have made headlines for their purchases of extravagant Los Angeles homes, the city has become increasingly appealing to a trove of angel investors and startup entrepreneurs as well.

The new buyers are drawn to the city for a mix of personal, financial and work-related reasons, the Los Angeles Times reports (http://lat.ms/1BYdMWD ). Los Angeles offers a growing tech scene, warmer weather and more space for less money.

"We've seen an uptick in buyers from the technology industry over the last several years — some moving to Los Angeles and some buying second homes here, as a kind of peaceful retreat," Charles Black, executive vice president of marketing and strategic development at Hilton & Hyland, told the Times.

The Los Angeles-Long Beach region broke into the top five metro areas by venture capital investment for the first time in 2014. There were 171 deals totaling $2.05 billion, according to National Venture Capital Association.

Some of the most high profile purchases in recent years include Bezos' $24.5 million Beverly Hills compound. Sean Parker, co-founder of Napster and an early leader at Facebook, purchased Ellen DeGeneres' Holmby Hills mansion for $55 million. Swedish tech billionaire Markus Persson, the creator of "Minecraft," topped them both when he spent $70 million for a Beverly Hills mansion fitted with a $200,000 candy room.

But the purchases of the uber rich only tell half the tale.

Entrepreneur and investor Justin Yoshimura, 25, is one example: While he primarily lives in San Francisco, he recently purchased a $2.04 million three-bedroom, three-bath home in Santa Monica that he now spends weekends in.

"Compared to San Francisco in particular, it's very cheap," he told the newspaper. "I have a yard with a pool and a beautiful home for less than what I would pay for an equivalent-sized condo in San Francisco."

Real estate agent Tami Pardee says tech buyers from Silicon Valley make up about 10 percent of her current clients. Their budget, even at a smaller scale, is high: anywhere from $2 million to $5 million for a home.

"They're buying second homes — or third or fourth homes," she said. "We're seeing it a lot."


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Fed rate hike to have big impact

When the Federal Reserve finally raises interest rates, the ripple effect will hit everything from business investment to consumer borrowing, but that doesn't make it the wrong move, experts say.

"Short-term interest rates are going to go up, and that's going to affect a lot of things in the credit markets," said Paul Edelstein, director of financial economics for IHS Global Insight. "The Fed is going to make it more expensive to borrow."

Fed Chair Janet Yellen, has taken pains to be cautious, but the central bank last week gave signals that it will move slowly this year toward its first interest-rate increase since December 2008, when the economy was mired in the Great Recession and financial crisis.

One of the first and most notable ripple effects when the Fed raises rates will likely be on stock prices.

"When interest rates do go up, it is normal for that to have an effect on stock and bond markets," said Jeff Frankel, a professor at Harvard University and director of the Program in International Finance and Macroeconomics at the National Bureau of Economic Research.

The initial market reaction would likely be just a blip, but higher interest rates could lead to more volatile stock prices.

"Keeping interest rates so low for six years is part of what has sustained the rallies," he said.

Higher interest rates will spread to other loans, including mortgages, and eventually to credit cards as banks pass on higher borrowing costs to customers.

"If you want to borrow to buy a home, it's going to get more expensive," Edelstein said.

At the same time, it will become more lucrative to save, Edelstein said, as rising interest rates usually increase the yields on savings accounts.

For businesses, more expensive loans could take a bite out of investment plans.

"The more they have to spend to borrow money, the less they have to spend on other things," said David Wessel, director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, "and the less they'll have to spend on big capital expenses like factories."

The effects of raising interest rates may seem largely negative, but it is important to return to normal levels, analysts say.

"It's really, really unusual for interest rates to be at zero for more than six years," Wessel said. "Interest rates were cut to zero when things were really screwed up."

The Fed has said it will only raise rates when the labor market improves and it is absolutely sure the economy can weather the storm.

"No one likes to spoil a party," Frankel said, "but you do it because you think it's necessary to keep the economy on the long term."


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Some slow to embrace FASTR

A new Congressional bill that would improve public access to the roughly $60 billion in research the federal government funds each year is drawing praise from researchers who say it will accelerate innovation, and criticism from some publishers who fear it will undermine their financial model.

The Fair Access to Science and Technology Research Act would require each federally funded researcher to submit an electronic copy of the final text of their peer-
reviewed work and ensure that manuscript is available free online within six months.

"We are supportive of any initiative that increases transparency and collaboration, and creates widespread access to the amazing work of our biomedical researchers," said Dr. Paul J. Anderson, chief academic officer and senior vice president of research at Brigham and Women's Hospital. "The FASTR Act has the potential to speed the pace of innovation, a goal that we are all focused on, as we work to translate our research breakthroughs to clinical therapies for the ultimate benefit of our patients."

Harry Orf, senior vice president for research at Massachusetts General Hospital, said MGH also supports full disclosure of peer-reviewed research.

Currently, federally funded study results are reported to the National Institutes of Health and submitted within a year of publication to PubMed Central, a freely accessible government database.
Orf's one concern is that any additional requirements the FASTR Act entails be handled through that system to prevent "increased bureaucratic burden" on researchers.

"Researchers with a final manuscript like as many people as possible to see it," said Dr. Roger K. Pitman, a psychiatrist at MGH and professor of psychiatry at Harvard Medical School. "The issue here is more one of interaction between the federal government and journals."

Opponents to the FASTR Act include the Association of American Publishers, whose president and CEO said the bill "undermines our scientific publishing system, prioritizing simplicity over sustainability."
"The bills' short, inflexible 6- and 12-month embargoes will damage the financial viability of many scholarly journals and weaken the quality and integrity of the system, including the vital peer review process," said Tom Allen. "A goal of free public access to the world must not be allowed to eliminate the financial incentives for scholarly publishers to invest in bringing cutting-edge research to public attention."

But Heather Joseph, executive director of the Scholarly Publishing and Academic Resources Coalition, said, "Being able to provide access to this layer of information is at the core of our mission."


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