Article: Greek debt default avoided after €200m payment to IMF

Greek debt default avoided after €200m payment to IMF
http://www.theguardian.com/world/2015/may/06/greek-debt-default-avoided-after-200m-payment-to-imf

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LOS ANGELES: ‘ ACCUSED OF UNLAWFUL & FRAUDULENT CONDUCT ‘

#AceFinanceNews – Featured Report:USA:May.06: FeaRigid sales quotas at Wells Fargo Bank have driven employees to open unauthorized accounts for customers, sticking them with bogus fees and damaging their credit, according to a city of Los Angeles lawsuit that echoes a Times investigation.

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USA: ‘ DATA & BREACH NOTIFICATION ACT REPLACES STRONGER STATE LAWS ‘

#AceFinanceNews – USA:May.06: The proposed Data Security and Breach Notification Act would be the first federal rule requiring businesses to let consumers know their personal information may be in ‘ hackers’ hands.

But it would require notification only in instances of financial harm, not just when personal privacy is violated, which many states require.

Dozens of states, including California, already have similar laws on the books that are stronger and more comprehensive than the proposed federal law.

But the federal law would preempt all state laws.

The bill would eliminate existing data-breach protections for pay-TV and Internet customers. Right now, for example, people must be notified if there’s any unauthorized access to information on shows or channels watched.

The bill also would require notifications only in instances of financial harm, rather than the broader requirements of many states, such as violations of personal privacy in the form of hacked emails or corporate databases.

"California has some of the strongest laws in the country protecting consumers from identity theft," said Emily Rusch, executive director of the California Public Interest Research Group. "The last thing Congress should be doing is tying the hands of states."

The House Energy and Commerce Committee approved the bill last week. The 29-20 vote was along party lines, with Republicans advancing the legislation to the House floor.

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FLORIDA: ‘ FEDERAL GOVERNMENT TO LINK FUNDING FOR CHARITY CARE TO STATE EXPANDED MEDICAID COVERAGE ‘

#AceFinanceNews – Featured Report – FLORIDA:May.06: In

a face-off with Florida, the federal government said it would link funding for charity care to whether a state has expanded Medicaid coverage.

The policy shift will affect several other states.

The federal government is quietly warning states that failure to expand Medicaid under the Affordable Care Act could imperil billions in federal subsidies for hospitals and doctors who care for the poor.

In an April 14 letter to Florida Medicaid director Justin Senior, Vikki Wachino, acting director of the U.S. Centers for Medicare and Medicaid Services (CMS) wrote: “Uncompensated care pool funding should not pay for costs that would be covered in a Medicaid expansion.”

Medicaid is the joint federal-state government health insurance program for the poor. Under the Affordable Care Act, states can choose to expand coverage to more people, with the federal government paying the entire costs of expansion through next year.

Florida has asked CMS to renew $1.3 billion in federal funding for its 2016 “low-income pool,” even though the state has rejected Medicaid expansion. CMS maintains that any extension must take into account the more than 800,000 residents whose medical bills would be covered by Medicaid were the state to expand the program.

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