Rick Scott, best known for being ousted from the executive ranks at Columbia/HCA during a '90s fraud scandal, is running for governor in Florida. J.R. Lind has the announcement over on Post Politics. Most recently, Scott is known for nationally televised ads opposing President Obama's health care reform plan, filmed for an organization he founded called Conservatives for Patients Rights.
Apr 13, 2010 2:26 PM
Lt. Gov.'s campaign will run commercials in four markets
Apr 13, 2010 12:05 PM
Goldman Sachs and other banks have begun marketing the $633 million in bonds that will finance the construction of the Music City Center. Council Member Emily Evans still thinks the whole project is a "riverboat gamble" but others are comfortable with the funding structure's margin of safety.
“We realized the city feels it will be vital to increasing the desirability of downtown,” said Amy Laskey, an analyst at Fitch, in a phone interview. “The city already operated on a thinly balanced budget, so the debt does increase the risk for the general fund.” The new bond issue is structured with reserves and revenue projections that exceed what is needed to cover payments to investors to protect the city’s general fund, said Dickens. “The convention market would have to seriously go to pieces before we would need general fund dollars,” Dickens said. “A lot of conventions like to come here because of our reputation as a music city.”
Apr 13, 2010 11:16 AM
I misplaced my notes for a few days, but wanted to pass along a few of the zingers delivered by stand-up economist Yoram Bauman at the University School earlier this week. Bauman, who in his opening remarks referenced hometown supply-sider Art Laffer — now you get the title of this post, right? — also took some time to explain his current economics of climate change research. More on that in a bit, but first some one-liners: - What is the difference between micro- and macroeconomists? - Microeconomists are wrong about specific things, while macroeconomists are wrong about things in general. - "The Austrian school is a little like the Tea Party of the economics world. Nobody takes them too seriously and they get really upset at that." Relaying an interview with PBS NewsHour, Bauman was asked if he had ever bombed. "Sure I have. I'm an economist. I'm used to failure. But if a joke doesn't work, you just keep trying and trying other things until something sticks — basically what the Treasury has been doing for the past couple of years." Re. the economics of climate change: Bauman outlined his ideas to cap pollution not by regulation but by taxation. Making carbon emissions more expensive, he said, will spur investment in cleaner energy sources while generating revenues that could help state governments reduce or altogether eliminate taxes "on things we want more of," such as payrolls and income. Based on 2005 pollution numbers, he added, such a tax would generate $3.5 billion per year — more than enough to wipe out state business taxes ($2.4 billion) and enough to cut sales taxes ($6.1 billion) in half. For more on Bauman's thoughts, check out his blog at seattlepi.com.
Apr 9, 2010 8:01 AM
They usually don't agree on much, but physicians and hospitals are seeing eye to eye on the latter's plan to charge itself a fee so that millions in federal funding to hep offset TennCare cuts. The Tennessee Primary Care Association yesterday endorsed the coverage fee initiative that is led by the Tennessee Hospital Association.
Apr 9, 2010 7:41 AM
Rich Karlgaard sees only one way out the U.S.' debt problem. And it ain't a VAT.
We are a nation of borrowers, not savers, and therefore we will have no tolerance for a multi-decade deflationary recession that favors savers. We will pressure our politicians to "do something." Caught between the rock of debt and a hard place of slower growth--and unable to imagine transcendence in tax and budget cuts--our Washington geniuses will give us inflation.
Apr 8, 2010 10:27 AM
Given the snail-like speed of the federal government, the hospital revenue taxes under consideration in many states, including Tennessee, it could be a while before they have any impact on state Medicaid program.
Late last week, the Centers for Medicare and Medicaid Services approved plans for Colorado's hospital tax almost one year after state legislators passed the law, reports the Denver Post. Gov. Bill Ritter signed House Bill 1293 on April 21, 2009, authorizing collection of the hospital provider fee.The background on Tennessee's plan for a "coverage fee" is here. The legislation creating the fee is expected to go before the state's Senate finance committee on April 13th and the House budget committee on April 14th.
Apr 7, 2010 2:34 PM
Barry Ritholtz is hoping the give and take on Christopher Dodd's financial reform plans doesn't end up with the root causes of the financial crisis being left untreated.
The Consumer Protection Agency might be a nice way to provide some education about finance to the average American, and help to reduce fraud, and increase transparency in consumer contracts,. However it had less to do with the cause fo the crisis than many other factors. Reducing leverage, re-regulating derivatives, maintaining adequate capital, separating insured deposits from more speculative activities are much more important.
Apr 7, 2010 10:32 AM
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- ROSS, BRIDGETT D
- COOKE, ETHEN LANYARD TRUSTEE; COOKE, ETHEN LEWIS ESTATE
- JACOBS, JESSICA ALEXANDRA; JACOBS, ERIKA BESS