One of the questionable secrets of the health care industry in the United States is the perks that drug companies give to doctors. Many see it as a major conflict of interest, and the government is drawing up legislation to compel drug companies to disclose such payments. Rules on gifts from pharma firms overdue For [...]
Last month, Snokist Growers in Washington state got national attention for shipping moldy applesauce to school children. The applesauce had been packaged under “food reconditioning,” meaning getting tainted food ready for sale. Mold-ridden and bug infested foods get new lease on life According to MSNBC, tainted foods that were subject to recall can, under Food [...]
The IRS is not usually known for being hip to pop culture. One provision of the new health care bill, nicknamed the “Snooki Tax,” is causing some controversy. The details of the Snooki Tax Officially called “Cosmetic Service Excise Taxes,” the 10 percent tax on tanning services has been called the “Snooki tax,” after the [...]
Toning shoes, which are purported to help tone the lower body, may not be as effective as manufacturers claim. A Federal Trade Commission lawsuit has resulted in Reebok agreeing to a $25 million settlement for making false claims. Reebok versus FTC Several years ago, toning shoes hit the market. The shoes have a pronounced bump [...]
Pacific Gas and Electric Co., a northern California utility, has agreed to pay $70 million to the California town of San Bruno for a pipeline explosion that killed eight people in 2010. Company says it’s remorseful The San Francisco-based power company’s president, Chris Johns, released a statement Monday, saying PG&E is sorry and eager to [...]
FULL STORY >>
The newly-opened Consumer Financial Protection Bureau announced Wednesday that it will be looking into banking practices as they relate to overdraft fees. Near the top of consumer complaints, banks say that overdraft fees are a fair way to keep customers from getting overextended. Others say they are just a profit-making venture. CFPB probes banking practices [...]
FULL STORY >>
