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Discounter Building #19 closed on Nov. 30.
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Give the gift of financial planning: Ask prospective financial planners about their area of expertise. Do they have experience dealing with newlyweds? New graduates? New parents? Make sure whoever you hire has the experience your recipient needs.
NEW YORK — Hunein Maassab witnessed a transformational moment in public health when he was a young doctoral student at the University of Michigan. It happened on April 12, 1955, the day his mentor, Dr. Thomas Francis Jr., announced that he had completed a vast field trial involving nearly 2 million children to determine the effectiveness of what at the time seemed like a miracle drug: a vaccine for polio.The vaccine had been developed by one of Francis’ former lab researchers, Jonas Salk, and Maassab had worked on the field trial, studying blood samples. Listening as Francis, a renowned virologist who had developed some of the first flu vaccines, described the study in a campus auditorium, Maassab knew the direction he wanted his life to take.“That was his initial inspiration, that he wanted to develop something like that for humankind,” Rashid L. Bashshur, a close friend, said in an interview. “That would make his life worthwhile.”
Mounting evidence shows that chaos in medical billing is not just affecting our health care, but dinging the financial reputations of many Americans: While the bills themselves frequently take months to sort out, medical debts can be reported rapidly to credit agencies, and often without notification. And even small unpaid bills can severely damage credit ratings. A mortgage initiator in Texas, Rodney Anderson of Supreme Lending, recently looked at the credit records of 5,000 applicants and found that 40 percent had medical debt in collection, with the average around $400; even worse, most applicants were unaware of their debt. Richard Cordray, director of the US Consumer Financial Protection Bureau, has noted that half of all accounts reported by collection agencies now come from medical bills.
WASHINGTON — President Obama this week will seek to force US businesses to pay more overtime to millions of workers, the latest move by his administration to confront corporations that have had soaring profits even as wages have stagnated. On Thursday, the president will direct the Labor Department to revamp its regulations to require overtime pay for several million additional fast-food managers, loan officers, computer technicians, and others whom many businesses currently classify as “executive or professional” employees to avoid paying them overtime, according to White House officials briefed on the announcement. Obama’s decision to use his executive authority to change the nation’s overtime rules is aimed at bypassing Republicans in Congress, who have blocked most of the president’s economic agenda and have said they intend to fight his proposal to raise the federal minimum wage to $10.10 per hour from $7.25.
SEPANG, Malaysia — Malaysian authorities now believe that a jetliner missing since Saturday may have radically changed course around the time that it lost contact with ground controllers, news that added to the air of confusion and disarray surrounding the investigation and search operation. But they gave conflicting accounts of the apparent course change and of what may have happened afterward. As criticism mounted of the Malaysian authorities’ inability to find any trace of the jet, they have repeatedly insisted that they were doing their best to solve the mystery of Malaysia Airlines Flight 370, with scarce data and almost no precedent. Yet the government and the airline have also released imprecise, incomplete and sometimes inaccurate information, with civilian officials sometimes contradicting military leaders.
Know a company, nonprofit, or other organization that “changed the world” in 2013? Nominate it for recognition in a special magazine to be published later this year in The Boston Globe.
WASHINGTON (AP) — U.S. wholesale businesses in January suffered their steepest sales drop in nearly five years, yet they continued to increase their stockpiles. This suggests that companies expect the economy to rebound after experiencing an abrupt winter slowdown.
MANILA, Philippines (AP) — Asian stock markets sank Wednesday as recent falls in Chinese copper and iron prices added to jitters that the world's No. 2 economy is continuing to slow.
CHICAGO (AP) — The agency that oversees public transportation in Chicago is suing American Airlines for falsely claiming to buy "vast amounts of jet fuel" from a small office in a rural community to avoid paying tens of millions of dollars in taxes in the nation's third-largest city, where the actual work is done.
Americans are boarding public buses, trains and subways in greater numbers than any time since the suburbs began booming.
President Barack Obama's top economists say the nation is on track to make economic progress over the next two years.
On the edge of the SoHo neighborhood downtown, The Henley Vaporium is an intimate hipster hangout spot with no booze.
Turkey's prime minister has threatened to censor the Internet, including shutting down Facebook and YouTube.
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