'Don't foresee any problems,' Senator says about U.S. Attorney nominee

Other regional judicial spots still vacant
Mar 31, 2010 12:47 PM

Corker optimistic about hooking up with Dodd again

Senator tells Owen audience consumer protection balance is key to his support for financial reform
Mar 31, 2010 11:41 AM

Businesses fight against health reform

The Wall Street Journal reports that the U.S. Chamber of Commerce plans to spend $50 million in advance of fall elections to push against health care reform legislation, the last half of which President Obama signed into law yesterday.
“The Chamber is going to carry a message across the country that says the health care debate is not over,” Thomas J. Donohue, the business lobbying group’s president and CEO, said in a letter sent to the chamber’s board members late Monday. The law “is a major step in the wrong direction and will prove to be a serious drag on our economy and the nation’s fiscal solvency,” Donohue wrote.
Mar 31, 2010 10:01 AM

A framework for real financial sector reform

Barry Ritholtz has a few questions for lawmakers looking to tackle a number of the causes of the near-meltdown of financial markets.
It seems that each new proposal for reforming Banking and Wall Street is more banker friendly – and ineffective – than the previous one. They are milquetoast, meaningless, appeasing nonsense. The reformers are in a race to see who can offer up legislation that is least offensive to bankers.
Mar 31, 2010 8:21 AM

State renews Times Square lease

Josh Flory has the details on an interesting lease extension the Tennessee Department of Revenue has signed in New York. The department's 10 employees also have new furniture at their digs above Good Morning America's studio.
So why such a prominent address for those government auditors? Revenue commissioner Reagan Farr said in an interview that the state gets a very good deal on the space and doesn't pay the market rate, although he didn't know what the market rate was for Times Square. The new lease is $59.19 a square foot plus an estimated annual utility cost of $3.50 a square foot, for a total effective rate of $62.69 a foot. (The old lease had an annual effective cost of $49.82 a square foot.)
Mar 30, 2010 12:41 PM

Controversial GOP donor picks up papers to run against Cooper

Former state treasurer aspirant now looking at congressional run from outside the district. Also: A list of potential 5th District candidates -- UPDATED with comment
Mar 29, 2010 2:12 PM

Coleman TNInvestco appeal hearing expedited

Larry Coleman's appeal to review TNInvestco documents will get its day in court a bit quicker than the norm. The Nashville appeals court last week granted his motion for an expedited hearing of his appeal of a Chancery Court ruling denying public access to documents showing how participants in the TNInvestco program were selected. Coleman said he expects to have a docket date within the next 30 days or so, as opposed to a potentially year-long wait. "It's a lot faster, and of course what's nice is [the court says] this is worth looking at," Coleman said. "We feel good about it." For the background on the case, click here and here.
Mar 29, 2010 2:05 PM

How health reform might hurt job creation

Bill Dunkelberg at the NFIB sees the threshold requiring companies to offer health insurance to their employees is likely to be lowered over time. But even if they aren't, there are now some serious disincentives to hiring.
And lest you think you can sneak part-time workers under that radar, another provision imposes a "full-time equivalents" formula which requires "dividing the aggregate number of hours of service of employees who are not full-time employees for the month by 120." Do the math and you'll find that a full-time equivalent comes to just 27.7 hours a week (120 hours divided by the average of 4.33 weeks in a month).
Mar 29, 2010 9:22 AM

MedSolutions' work with Delaware insurers under investigation

Delaware' insurance commissioner said this weekend her staff will launch an investigation into the medical test pre-authorization procedures at BlueCross BlueShield of Delaware, Aetna and Coventry Health Care. All three companies have contracts with Franklin-based MedSolutions to help manage costs and prevent unneeded testing.
Mar 29, 2010 7:41 AM

Stimulate the economy, already

The National Institutes of Health is telling researchers who received grant funding from the American Recovery and Reinvestment Act that they can't dawdle. Vanderbilt's Reporter explains 150 of its researchers, who are getting a collective $76 million in ARRA funds over the next two years, received an NIH advisory:
[W]hile researchers can take an extra year to complete their projects (without additional federal funds), any additional extensions will require prior NIH approval, and those requests will be considered only “in very limited circumstances,” the NIH said last week. That's because “the primary goals of all NIH Recovery Act awards are to create U.S. jobs and increase the tempo of biomedical research,” the advisory said.
Mar 26, 2010 12:17 PM