The Palestine Herald, Palestine, Texas

Business

January 20, 2010

Obama urges pared-back health care bill

WASHINGTON (AP) — Chastened by the Democratic Senate loss in Massachusetts, President Barack Obama and congressional allies signaled Wednesday they will try to scale back his sweeping health care overhaul in an effort to at least keep parts of it alive.

A simpler, less ambitious bill emerged as an alternative only hours after the loss of the party’s crucial 60th Senate seat forced the Democrats to slow their all-out drive to pass Obama’s signature legislation despite fierce Republican opposition. The Democrats are now considering all options.

No decisions have been made, lawmakers said, but they laid out a new approach that could still include these provisions: limiting the ability of insurance companies to deny coverage to people with medical problems, allowing young adults to stay on their parents’ policies, helping small businesses and low-income people pay premiums and changing Medicare to encourage payment for quality care instead of sheer volume of services.

Obama urged lawmakers not to try to jam a bill through, but scale the proposal down to what he called “those elements of the package that people agree on.”

“We know that we need insurance reform, that the health insurance companies are taking advantage of people,” the president said in an interview with ABC News. “We know that we have to have some form of cost containment because if we don’t then our budgets are going to blow up. And we know that small businesses are going to need help.”

One potential Republican convert for health care legislation remained an enigma. Sen. Olympia Snowe of Maine, who has been in regular contact with Obama, roundly criticized the Democrats’ hard push to pass their bill. But she would not rule out voting for something in the end.

Asked if the Democratic bills are dead, Snowe responded: “I never say anything is dead, but clearly I think they have to revisit the entire issue.”

Text Only
Business
  • Palestine day spa holding annual food drive

    November 9, 2013

  • Local spa offers chocolate services

    Valentine’s Day is quickly approaching, and deciding on the perfect gift can be a daunting task.

    February 7, 2011

  • City, county tax allocations down

    Tax allocations for Palestine and Anderson County continue to fall with no end in the decline in the near future, according to Texas Comptroller Susan Combs.

    February 24, 2010

  • Business Expo set for Thursday at Civic Center

    More than two dozen Palestine area businesses will be participating in the Palestine Area Chamber of Commerce’s 2010 Business Expo on Thursday.

    February 19, 2010

  • Seminar to focus on employee management practices

    The Palestine Area Chamber of Commerce will present “The 3 Squares: Hiring, Firing and Retention” Seminar from 11:30 a.m. to 1 p.m. Monday at the Ben E. Keith Community Room, 2019 W. Oak St.

    February 19, 2010

  • Exxon Mobil posts lowest annual profit since ’02 EW YORK (AP) — Exxon Mobil’s earnings were cut by more than half to $19.3 billion in 2009, the lowest total in seven years, as company refineries struggled with a plunge in fuel consumption around the world.

    But the world’s largest publicly traded oil company remains the profit champ among U.S. public companies. Wal-Mart is expected to earn $14 billion for the year ended Jan. 31, and Microsoft earned $14.6 billion in the fiscal year ended in June 2009.

    Exxon’s results have swung with the price of oil and the impact of the global recession. When oil spiked above $147 a barrel in mid-2008, Exxon set ever-higher marks for earnings by a U.S. company. Then oil prices plummeted, and Exxon suffered a yearlong hangover that included its smallest quarterly earnings in several years.

    February 1, 2010

  • Toyota tells dealers parts on way to fix pedals WASHINGTON (AP) — Toyota Motor Corp. said Monday its dealers should get parts to fix a sticky gas pedal problem by the end of this week as the automaker apologized to customers and tried to bring an end to a recall that has affected 4.2 million vehicles worldwide.

    The company said in a statement that it has begun shipping parts and is training dealers on the repairs. Some dealers will stay open around the clock to fix the 2.3 million cars and trucks affected by the recall in the U.S.

    Technical bulletins on how to install the new parts should arrive at dealers by midweek, the company told dealers in an e-mail. It was not clear exactly when repairs would start, although dealers have said they’ll begin as soon as possible.

    The automaker also said Monday it would suspend production of eight U.S. models affected by the recall this week, with factories restarting on Feb. 8.

    February 1, 2010

  • Apple introduces new $499 iPad tablet computer SAN FRANCISCO (AP) — Apple CEO Steve Jobs unveiled the company’s much-anticipated iPad tablet computer Wednesday, calling it a new third category of mobile device that is neither smart phone nor laptop, but something in between.

    The iPad will start at $499, a price tag far below the $1,000 that some analysts were expecting. But Apple must still persuade recession-weary consumers who already have other devices to open their wallets yet again. Apple plans to begin selling the iPad in two months.

    Jobs said the device would be useful for reading books, playing games or watching video, describing it as “so much more intimate than a laptop and so much more capable than a smart phone.”

    January 28, 2010

  • Dealers swamped by worried Toyota drivers NEW YORK (AP) — Toyota dealers across the country were swamped with calls Wednesday from concerned drivers but had few answers a day after the company announced it would stop selling and building eight models because of faulty gas pedals.

    Toyota insisted the problem — sudden, uncontrolled acceleration — was “rare and infrequent” and said dealers should deal with customers “on a case-by-case basis.” But drivers of Toyotas and those who share the road with them were left with uncertainty.

    In an unprecedented move, the company said late Tuesday it would halt sales for the eight models — which make up more than half of Toyota’s U.S. sales volume — to fix the gas pedals. Last week, Toyota issued a recall for the same eight models, affecting 2.3 million vehicles.

    A private firm said it had identified 275 crashes and 18 deaths because of sudden, uncontrollable acceleration in Toyotas since 1999.

    In North Palm Beach, Fla., Clare Roden showed up at a Toyota dealership worried about the 2010 Camry she purchased recently. She was relieved when she was told her accelerator was not a problem part.

    January 28, 2010

  • Apple unveils $499 tablet, $629 with AT&T data SAN FRANCISCO (AP) — Apple Inc. will sell the newly unveiled tablet-style iPad starting at $499, a price tag far below the $1,000 that some analysts were expecting.

    The iPad, which is larger in size but similar in design to Apple’s popular iPhone, was billed by CEO Steve Jobs on Wednesday as “so much more intimate than a laptop and so much more capable than a smart phone.”

    January 27, 2010

Magazines
Podcast
AP Video
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide