#AceFinanceNews – CALIFORNIA:Dec.16 – After just a few hours of deliberation, a jury in California found in favour of Apple on Tuesday in a billion-dollar class-action lawsuit over the price of its iPod music players AP reported.
The eight-member jury in U.S. District Court rejected a claim by attorneys for consumers and iPod resellers, who argued that Apple’s use of restrictive software amounted to anticompetitive behaviour aimed at freezing out competing makers of portable music players.
Apple had argued that the software provided necessary security protection and was part of a larger package of features that made its iPods and iTunes music store popular with consumers.
#AceFinanceNews – MOSCOW:Dec.16 – The ruble declined sharply against the dollar on Tuesday despite an aggressive intervention by Russia’s central bank to hike interest rates. The currency fell to a new low of just over 70 against the dollar USA today reported.
So here we are witnessing the beginning of this so-called takeover by people behind the shadows, manipulating oil prices, based on bringing Russia to its knees, for daring to defy the US of A.
The facts speak for themselves as the ruble has lost about half its value since the start of the year because of the collapse of oil prices and Western sanctions over Russia’s actions in Ukraine.
So how far will these western leaders go to secure victory over Russia and how much longer can Russia shore-up the ruble ………… ?
#AceFinanceNews – WASHINGTON:Dec.16 – A pair of top Republicans are raising alarms that the federal government is failing to protect $200 billion of disability benefits from physician-assisted fraud.
The lawmakers, Sen. Orrin Hatch (R-Utah) and Rep. Sam Johnson (R-Texas), cited a federal audit on Wednesday that revealed weak anti-fraud efforts by the Social Security Administration.
Hatch, ranking member of the Senate Finance Committee, released a statement Thursday calling the Social Security response to fraud “woefully insufficient and inadequate.”
Johnson, who chairs the House Ways and Means Subcommittee on Social Security, called on Congress to approve his bill, the Stop Disability Fraud Act, which expands the agency’s investigative manpower and tightens guidelines.
#AceFinanceNews – WASHINGTON:Dec.16 – According to the Senate Health Committee Chairman Tom Harkin (D-Iowa) is championing millions of dollars in the "cromnibus" that would go toward fighting painkiller abuse.
Amidst a rising number of deaths caused by prescription drug overdoses around the country, Harkin helped secure $33 million in funding for government programs that would aim to prevent painkiller abuse and treat people who are addicted.
The painkiller package includes $20 million in funding for Centers for Disease Control efforts to fight prescription drug abuse at the state level. The funds will be used to target "high-use patients and inappropriate prescribing,” a Harkin aide told The Hill.
#AceFinanceNews – UNITED STATES:Dec.16 -A new report has stated that up to 43 million people — or 1 in 5 Americans — have credit reports marred by past-due medical bills.
But many of these black marks may be the result of errors and inconsistencies in how medical debt is reported.
"It is hard for consumers to navigate the medical debt maze and come out with a clean credit report on the other side," said Richard Cordray, director of the Consumer Financial Protection Bureau, on Thursday in discussing a new report by the agency.
#AceFinanceNews – WASHINGTON:Dec.16 – ObamaCare ads will now appear on 7-Eleven receipts at more than 7,000 stores nationwide as government health officials expand their outreach in the second year of healthcare sign-ups.
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Information about ObamaCare sign-ups will appear on the bottom of receipts for anyone using a mobile payment company called PayNearMe, which allows bank-less customers to pay in stores like 7-Eleven and Family Dollar.
Health and Human Services (HHS) Secretary Sylvia Mathews Burwell announced the new partnership with the tech start-up PayNearMe on Thursday at a store in Washington, D.C. "Putting these reminders at the bottom of PayNearMe receipts will help get health coverage information into the hands of traditionally hard-to-reach consumers," HHS wrote in a statement.
The partnership will help HHS "reach financially underserved and other cash-preferring consumers," the statement adds.
A spokeswoman from the department added that customers are likely to hold onto their receipts, because they serve as proof of payment on rent, utilities and other bills.
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