GAO finds millions wasted in hospital purchasing
Senator Herman E. Talmadge announced GAO findings that hospital buying practices waste up to 664 million in Medicare and Medicaid funds nationwide. The study, beginning in Seattle and expanding to four more cities, shows wide price discrepancies for identical items and bulk purchases.
MENTIONED IN THIS ARTICLE
Chicago
Congressonal
Herman E. Talmadge
D-Ga
General Accounting Office
Talmadge
GAO
Seattle
Health Insurance Institue
Curtiss-Wright Seeks Takeover at Kennecott Annual Meeting
Curtiss-Wright plans to take over Kennecott and votes its shares at Kennecott’s annual meeting at the Plaza Hotel Tuesday. A federal judge granted an injunction, criticizing Curtiss-Wright’s promises as unsupported and noting Kennecott shareholders were not given full facts, with negligence bordering on recklessness.
MENTIONED IN THIS ARTICLE
Curtiss-Wright
Kennecott
Plaza Hotel
Lloyd F. MacMahon
Federal District Court
Manhattan
Solar heating fails to lure buyers in Old Town Alexandria
John and Susan Rust, owners of two Alexandria homes with solar heating, say one house has lingered on the market for six months despite a hot market while the other shows monthly utility savings. He estimates a 30 year payback on the $22,000 installation, dampening enthusiasm for solar energy.
MENTIONED IN THIS ARTICLE
Alexandria
John
Susan Rust
Rusts
Old
Rust
High LSAT Scores Put Law Schools In Dilemma
Washington law schools face a admissions dilemma as a surge of high LSAT scores from last fall prompts concern. ETS noted more tests with difficult questions led to more top scores, including 142 perfect scores from 64,000 testers, up from 15 a year earlier, and a higher than usual share above 650.
MENTIONED IN THIS ARTICLE
Washington Law School
Educational Testing Service
Princeton
N.J
Law Schools
Automatic Transfers Approved for Banks
The Federal Reserve Board proposes automatic transfers move funds from savings to checking to cover overdrafts. Banks could hold funds in both accounts with savings earning interest. The United States League of Savings Associations vowed to sue, claiming current law bans such transfers. Kennecott Copper obtained a permanent injunction on Monday barring a related action.
MENTIONED IN THIS ARTICLE
New York Times News Service
Associated Press
Washington
Federal Reserve Board
Fed
United States League of Savings Associations
League
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Carbondale
Herrin
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Marion
New York
Kennecott Cooper
Southern Illinoisan
Tess Pī
Reinhardt
South Illinois
Birkholz
Carterville
Illlinois
Jackson County
Williamson County
Tba
Huffs Radiator Shop
Willow St
Ill
Woodruff
Bearcat
Regency
SHARP
R.J. Raceway
VISA
Americard
Southern Insulation
Steve Baril
General Contractors
Willow Carbondale
Arsaquin
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