Under President Obama’s new health-care law, regulators gained a radical power: the ability to define “unreasonable” premiums and reject them on state-level insurance exchanges. Because more than 24 million people nationwide are expected to depend on these markets for coverage by the end of the decade, Obama recently gave states $250 million to beef up their review efforts ahead of 2014, when the law goes into effect.
Blaming “the media,” be they mainstream or not, is one of America’s favorite pastimes. Depending on your bent, this book can either buttress your disgust (Can you believe the lies?!) or arm you with the power of dismissal (Can’t trust a thing in the papers ...).
“Music,” writes Fred Goodman in Fortune’s Fool, was “the canary in the Internet coal mine”—the first medium to be hammered by the Web. Missing this fact was just one of the mistakes made by heir Edgar Bronfman Jr., who lost $3 billion taking over Warner Music Group, among other business pursuits.
In a long-expected move, Hulu announced a subscription-based plan, costing $9.99 a month. Subscribers will get access to the full current season of most broadcast TV shows.
The Obama administration has mothballed the space-shuttle program and tilted military spending toward drones. In doing so, it has upended the careers of thousands of NASA and Air Force employees who are based in Florida, home of the Kennedy Space Center and a state with one of the highest concentrations of traditional fighter jets in the country.