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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 31, 2009
Page
17
The first national estimate shows Americans spent about 34 billion dollars on alternative remedies in 2007. Chiropractors massage therapists acupuncture and herbal products drive high out of pocket costs as many seek high touch care amid a high tech society.
Miriam Vilarino of 14 Las Vegas Cuban restaurants laments rising health premiums. Field of Flowers in Davie faces a 12 percent increase to 62 000 yearly, with workers paying up to 570 biweekly for family coverage. Proposals tying premiums to a federal plan spark debate on affordability and job impact for small businesses.
U S regulators announce plans to open a Beijing office to supervise Chinese exports for safety after recalls from pet food to toys. The CPSC aims for a permanent overseas presence to cooperate with Chinese regulators and ensure products meet U S standards, pending China’s approval. The move follows international scrutiny of Chinese exports after a 2007 pet food ingredient linked to pet deaths.
New York AG Cuomo reports Citigroup paid 5.33 billion in 2008 bonuses to 738 employees earning at least 1 million each after an 18.7 billion loss. Bank of America paid 3.3 billion in bonuses to 172 staff. Merrill Lynch paid 3.6 billion after a 30.48 billion loss. Cuomo criticizes pay despite taxpayer bailouts.
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