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Business

Obama Drops Proposal To Tax College Savings Plans

Wednesday, January 28, 2015

Washington — President Obama on Tuesday abandoned a proposal to end a major tax benefit of popular college savings accounts used by millions of American families after the White House faced mounting criticism from lawmakers and parents. White House officials said the backlash against the president’s plan became “such a distraction” that it was best to drop the proposal, which would have removed the ability of families to withdraw money …

CBO : Debt Interest Will Triple

Monday, January 26, 2015

Washington — The federal budget deficit will ease slightly to $468 billion this year, the Congressional Budget Office said Monday, but the agency warned that the mounting level of federal debt over the next decade would mean a tripling of interest payments and new spending constraints. The projected deficit, equivalent to 2.6 percent of the size of the economy, would be the smallest …

Social Security Q&A: Does SSI Have a Format for the Blind?

Sunday, January 25, 2015

Question : I have a relative who gets Supplemental Security Income for a disability. She is now legally blind and wants to receive information from Social Security in an alternative format. How do I help her? Answer: Social Security is dedicated to providing vital information in the most effective way for every individual. There are several ways to receive information from Social Security …

Economy Hopes Raised After Euro Stimulus

Sunday, January 25, 2015

Davos, Switzerland — The global economic outlook just got brighter after this week’s big stimulus from the European Central Bank, leading policymakers from around the world said Saturday. In a panel at the World Economic Forum in Davos, …

Car Makers Fake Engine Noises to Dupe Drivers

Thursday, January 22, 2015

Stomp on the gas in a new Ford Mustang or F-150 and you’ll hear a meaty, throaty rumble — the same style roar that Americans have associated with auto power and performance for decades. It’s a sham. The engine growl in some of America’s best-selling cars and trucks …

Valley Regional Gives Update

Wednesday, January 21, 2015

Claremont — Leaders of Valley Regional Healthcare reported some progress toward erasing a lingering budget deficit during an annual meeting and community gathering that also served as a platform for advocates of health care reform. More than 100 people braved icy sidewalks and bacon-wrapped hors d’oeuvres to listen …

Obama More Passive Than Passionate

Monday, January 19, 2015

Washington — During racially tense moments that have beset the nation recently, many Americans have longed for President Obama to display some of the passion and soaring rhetoric that made the Rev. Martin Luther King Jr., who would have turned 86 last week, a civil rights legend. But …

Riding With the First Responders

Sunday, January 18, 2015

Lebanon — A recent Friday morning finds the Lebanon Fire Department quiet, the day shift settling in. Dr. Nate Grubbs, an emergency medicine resident, is getting a tour of the station on South Park Street from Capt. Jim …

Social Security Q&A: How to Estimate Retirement Benefits

Sunday, January 18, 2015

Question: I’m not sure when I’m going to retire so I want to estimate my retirement benefit at several different ages. What’s the easiest way to do that? Answer: Using the Social Security Retirement Estimator, at www.socialsecurity.gov/estimator, is easy and it’s the best way for you to get …

At the Hospitals: Jan. 18, 2015

Sunday, January 18, 2015

New London Hospital Names Ambulance and EMS Services Manager New London — Richard Riley has been named manager for ambulance and EMS services at New London Hospital. “ Riley brings an extensive background in emergency response management to …

Under the Gun: Newport’s Sturm, Ruger & Co. Battles Sales Slump, Stock Swoon

Sunday, January 18, 2015

Newport — Near the end of his quarterly conference call with Wall Street analysts last February, Michael O. Fifer, the chief executive of firearm manufacturer Sturm, Ruger & Co., had some parting words that appeared to foreshadow a …

Ruger CEO At a Glance

Sunday, January 18, 2015

Michael O. Fifer, 57, was named chief executive officer of Sturm, Ruger & Co. Inc. in September 2006 and joined the company’s board of directors the following month. According to his profile on the company’s website, Fifer has …

Consumer Confidential: Kaiser Permanente’s Problematic Billing Process

Sunday, January 18, 2015

Karen Kurokawa was happy to pay her husband’s Kaiser Permanente bill. She just wanted to know why Kaiser had adjusted it almost $2,000 higher. The fact that she couldn’t get a straight answer from Kaiser, even after she filed a formal grievance, highlights the challenge patients face in …