NEWS
By E. Scott Reckard and Jim Puzzanghera | June 5, 2009
COSTA MESA, Calif. - - Federal regulators accused Countrywide Financial Corp. co-founder Angelo R. Mozilo of fraud and insider trading Thursday, saying he and two other executives failed to warn shareholders of the real risk of the mortgages the company was making at the height of the housing boom. A civil lawsuit filed by the Securities and Exchange Commission in federal court also accuses David Sambol, Countrywide's former president, and Eric Sieracki, its former chief financial officer, of fraud.
NEWS
By FROM SUN NEWS SERVICES | February 25, 2009
Senate agrees to debate vote for D.C. WASHINGTON: The people of the District of Columbia were closer to gaining the voting rights they were deprived of more than two centuries ago after the Senate agreed yesterday to take up a bill giving them a fully vested representative in Congress. The Senate vote to debate the bill sets the stage for more legislative hurdles and a probable court challenge if the bill is enacted into law. But with the Senate action, the district's 600,000 residents have their best chance of securing a real voice in Congress since a proposed constitutional amendment to enfranchise the federal capital failed a quarter-century ago. The bill would give the district a vote in the House starting in January 2011.
NEWS
By Los Angeles Times | October 21, 2008
After falling for more than a decade, the U.S. suicide rate has climbed steadily since 1999, driven by an alarming increase among middle-aged adults, researchers said yesterday. A new six-year analysis in the American Journal of Preventive Medicine found that U.S. suicide rate rose to 11 per 100,000 in 2005 from 10.5 per 100,000 in 1999, an increase of just under 5 percent. The report found that virtually all of the increase was attributable to a nearly 16 percent jump in suicides among people ages 40 to 64, a group not commonly seen as high risk.
NEWS
September 21, 2008
Will Wall Street learn from its mistakes? Ten years ago, I asked a commodities trader in his early 30s, who had already made more money than I would in a lifetime in medicine, how he justified his enormous income. He told me that his business was "high-risk, high-reward; we reap big rewards because we are willing to take big financial risks." However, now that the financial markets have gone sour, in large part because the players in these markets took unwise risks, Wall Street firms seem unwilling to assume responsibility for their actions, instead going hat in hand to the federal government looking for taxpayer-funded bailouts.
NEWS
By Ron Lieber | September 21, 2008
Every piece of your financial life involves at least a bit of risk. What made last week extraordinarily rare, and so terribly frightening, was that all of the threats were on display at once. The stock market took the biggest one-day fall in seven years (though it bounced back). With thousands of financial services jobs gone or in jeopardy and the economy threatening to slow further, you had to wonder whether your job might be next. Then there was insurance. Maybe once a decade, a big insurance company is on the brink.
NEWS
By Jonathan Bor | May 7, 2008
People who have spent most of their lives smoking may derive health benefits within five years of quitting - drastically reducing their chance of dying from a heart attack, stroke or lung cancer, according to a study published today. In just five years, quitters reduced their added risk of dying of a heart attack by 47 percent and of lung cancer by 21 percent. Over time, their risk declined to the level of nonsmokers. The message: There is hope for even the most inveterate smokers. "Many people think there's just nothing they can do," said Stacey A. Kenfield, an epidemiologist with the Harvard School of Public Health.
NEWS
By Russell Korobkin | April 29, 2008
Amy carries the BRCA1 gene, which is associated with an elevated risk of breast cancer. Beth has an aunt and a sister who had breast cancer. Five years ago, Cindy had breast cancer, which is now in remission. What these three women have in common is a much higher risk than the average woman of one day developing breast cancer. Should a health insurer be allowed to charge them higher premiums, or deny them coverage altogether, as a result? Last week, the Senate passed the Genetic Information Nondiscrimination Act (GINA)
NEWS
April 23, 2008
Genetic counseling for cancer risk Anne Arundel Medical Center has begun offering genetic counseling services to patients with an elevated risk of cancer. This service, available through AAMC's affiliation with Johns Hopkins Medicine, will help patients evaluate their potential risk of cancer. During a preliminary assessment, patients detail their medical and family history, and in the process, construct a medical family tree. This is used to identify risk factors in the family that may signify hereditary risk.
NEWS
February 5, 2008
A great deal is not yet known about the horrific quadruple murders in Cockeysville that have led police to charge a 15-year-old honor student with murdering his parents and two younger brothers. But this much is clear: The presence of a gun in the house did not protect the Browning family; it put them at a greater risk of violence. Baltimore County police say Nicholas W. Browning used his father's handgun to kill his family on Friday night. While such familicide is hardly common, numerous studies have shown that having a gun in the home can be exceedingly dangerous.
NEWS
By Gail MarksJarvis | February 3, 2008
Conservative investors are becoming tangled in the lifeline the Federal Reserve threw to the economy last week. To try to prevent a serious recession, Fed policymakers have been cutting interest rates. The goal is to make it easier for businesses and consumers to borrow money so they will spend and help businesses profit, keeping employees in their jobs. But investors - especially retirees - who count on safe U.S. government bonds for income are not finding the cuts comforting. Interest on the safest bonds has been shrinking since the Fed started lowering rates in the fall.