In the end, the money that towns across America gave General Motors did not matter. When the automaker released a list of factories it was closing during bankruptcy three years ago, communities that had considered themselves G.M.’s business partners were among the targets. For years, mayors and governors anxious about local jobs had agreed to G.M.’s demands for cash rewards, free buildings,...
Opinion: A Health Insurance Detective Story
Label: HealthI’VE had a long career as a business journalist, beginning at Forbes and including eight years as the editor of Money, a personal finance magazine. But I’ve never faced a more confounding reporting challenge than the one I’m engaged in now: What will I pay next year for the pill that controls my blood cancer? After making more than 70 phone calls to 16 organizations over the past few weeks,...
Opinion: A Health Insurance Detective Story
Label: LifestyleI’VE had a long career as a business journalist, beginning at Forbes and including eight years as the editor of Money, a personal finance magazine. But I’ve never faced a more confounding reporting challenge than the one I’m engaged in now: What will I pay next year for the pill that controls my blood cancer? After making more than 70 phone calls to 16 organizations over the past few weeks,...
John McAfee Plays Hide-and-Seek in Belize
Label: TechnologyPhoto Illustration by The New York TimesJohn McAfee, right, a pioneer in computer security who lives in Belize, is a “person of interest” in the murder of his neighbor. More Photos » DANIEL GUERRERO promised during his campaign for mayor here to clean up San Pedro, the only town on this island, a 20-minute puddle jump from the mainland. But if he ever runs for re-election, don’t expect him to mention...
IHT Rendezvous: Another 'nail house' in China gets hammered
Label: WorldHONG KONG — A renowned “nail house” in eastern China was finally hammered to the ground on Saturday, as the authorities demolished the house that was sitting smack dab in the middle of a new roadway.The duck farmers who owned the five-story house, Luo Baogen and his wife, had refused to sell when local officials began buying up property in 2008 for a new highway in Zhejiang Province. More than 450...
Nov
29
Most Americans Face Lower Tax Burden Than in the 80s
Label: BusinessWhat Is Fair?: Taxes are still a hot topic after the presidential election. But as a country that spends more than it collects in taxes, are we asking the right taxpayers to pay the right amounts?BELLEVILLE, Ill. — Alan Hicks divides long days between the insurance business he started in the late 1970s and the barbecue restaurant he opened with his sons three years ago. He earned more than $250,000...
Medicare Is Faulted in Electronic Medical Records Conversion
Label: HealthThe conversion to electronic medical records — a critical piece of the Obama administration’s plan for health care reform — is “vulnerable” to fraud and abuse because of the failure of Medicare officials to develop appropriate safeguards, according to a sharply critical report to be issued Thursday by federal investigators. Mike Spencer/Wilmington Star-News, via Associated PressCeleste...
Medicare Is Faulted in Electronic Medical Records Conversion
Label: LifestyleThe conversion to electronic medical records — a critical piece of the Obama administration’s plan for health care reform — is “vulnerable” to fraud and abuse because of the failure of Medicare officials to develop appropriate safeguards, according to a sharply critical report to be issued Thursday by federal investigators. Mike Spencer/Wilmington Star-News, via Associated PressCeleste...
High & Low Finance: A Clash of Auditors in H.P. Deal and Loss
Label: TechnologyThe battle over Hewlett-Packard’s claim that it was bamboozled when it bought Autonomy, a British software company, has been long on angry rhetoric and short on details about the accounting that was supposedly wrong and led to an $8.8 billion write-down. But the eternal question asked whenever a fraud surfaces — “Where were the auditors?” — does have an answer in this case. They were...
Demographic Shifts Redefine Society in South Korea
Label: WorldWoohae Cho for the International Herald TribuneAssemblywoman Jasmine Lee of South Korea attended a joint wedding for 20 multicultural couples in Seoul. SEOUL — Jasmine Lee realizes just how Korean she’s become when she breaks out in the language, forgetting that her Filipino mother on the other end of the phone can’t understand her. But she is reminded of the limits of assimilation when Koreans,...
Nov
28
The Next War: In Federal Budget Cutting, F-35 Fighter Jet Is at Risk
Label: BusinessLuke Sharrett for The New York TimesVice Adm. David Venlet was named to lead the Joint Strike Fighter program in 2010 after problems had left it behind schedule and over budget. LEXINGTON PARK, Md. — The Marine version of the F-35 Joint Strike Fighter, already more than a decade in the making, was facing a crucial question: Could the jet, which can soar well past the speed of sound, land at sea like...
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