DAILY NEWS: OUR PICKS


AC Thompson (ProPublica) 22 November 2013
A ProPublica review of records from the California Department of Social Services shows the state collected less than half of the more than $2 million in fines it issued against assisted living facilities from 2007 to 2012 The California Department of Social Services issued more than $2...

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 “He’s the best physician that knows the worthlessness of the most medicines.” -Benjamin Franklin   The great 19th century physician, Robert Hutchinson, had a daily prayer which ran: “God! Give me deliverance from treating sick human beings as cases, not letting the well alone and...

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Unless honest and patriotic leaders replace cynics and crooks, inequality will only increase in India The Indian state itself has turned predator. “Bribery and nepotism is what it now takes to succeed,” laments NR Narayana Murthy. Ratan Tata warns, “There is every possibility that India...

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Moneylife Digital Team 21 November 2013
Maharashtra SIC has ordered BMC and all other local bodies not to disclose building plans under the RTI Act, used by activists to expose illegal and unauthorised construction activities The Maharashtra state chief information commissioner (SIC) has directed all local bodies in the...

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Mahila Bank is apparently giving “kitchen loan” as per the initial press reports. Kitchen is the place where most of the women in India spend their maximum time. Surely, we want to break that paradigm, not reinforce it “What's in a name? That which we call a rose by any other name would...

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Vinod Sampat 21 November 2013
There are several things to keep in mind while dealing with redevelopment of a building, especially for flat owners in a CHS. Here’s a checklist while dealing with redevelopment so you do not fall into the trap like home owners in the Campa Cola compound The Campa Cola episode clearly...

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Our stars, who are the Gods for the younger generation, promote bottled sodas and desiccated milk drinks both of which are dangerous to human health, while Mars Mission eats up the tax payers' hard earned money. This is exactly why inexpensive health measures are not encouraged by the powers...

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Charles Ornstein  and   Tracy Weber (ProPublica) 21 November 2013
With billions in potential savings for Medicare at stake, ProPublica asked drug experts and practitioners alike why more doctors don't recommend generics when they can We talked to dozens of experts for our Monday report on how Medicare is wasting hundreds of millions of dollars a year...

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Our marketing strategy should be revised and aggressive selling be done to ensure that India exports 3 to 4 million tonnes of wheat this fiscal year From a position of weakness and depending upon the assistance of PL-480, India has come a long way in being able to meet its entire...

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Moneylife Digital Team 21 November 2013
With the financial health of the corporate sector showing no signs of improvement and rising leverage at stressed corporates, Credit Suisse said it expects corporate asset quality to weaken further In the recently reported September quarter, bank’s problem asset additions remained...

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We have been fooling the public all through by manipulating in every field of science and medicine. Heart attacks, cholesterol and statins are only the present avatar of this fraud!   “If I could live my life over again, I would devote it to proving that germs seek their natural...

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Vinod Sampat 20 November 2013
 The third part of the multi-part series details an exhaustive checklist for home buyers that would help them avoid the Campa Cola like situation Property buying is not all that simple though it is one of the most important investments one can make. Therefore, it is imperative that you...

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Indian Railways is witnessing delays in rail projects, mostly created by vested interests leading to increase in costs and corrupt practices Indian Railways began their chugging career more than 150 years ago and have become one of the largest railroad networks in the world, with a...

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KK Sharma 20 November 2013
It is not really clear as the role the looming deadline of 210 days, barely 15 days away, had played in the majority decision of CCI clearing the Jet and Etihad deal and how much of it was shaped by the consideration of competitive concerns, or lack thereof On 12 November 2013, the...

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While builders, developers, govt officials and politicians manage to get away with blue murder, it is the innocent residents that bear the brunt of the burden in actually witnessing their hard-earned savings being bulldozed Two leading newspapers on 17 November 2013 – Sunday Times of...

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Moneylife Digital Team 20 November 2013
The UPA has bowed down before the WTO and limited the grant of food subsidy to just four years in the Food Security Bill, alleges EAS Sarma, former secretary to the GoI, in a letter to Sonia Gandhi EAS Sarma, former secretary to Government of India (GoI) has alleged Congress-led United...

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Kim Barker (ProPublica) 20 November 2013
The biggest dark money group, launched by Republican strategist Karl Rove, shows in its tax filing that it got one donation of nearly $23 million and another of $18 million (Donors names not included) The dark money giant Crossroads GPS, launched by Republican strategist Karl Rove, told...

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Moneylife Digital Team 19 November 2013
Hybrid schemes in the past have delivered an inconsistent performance and offer no advantage for investors. Being closed-ended makes it worse SBI Mutual Fund plans to launch a series of close ended hybrid schemes with tenures ranging from one year to five years. The exact duration of...

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Moneylife Digital Team 19 November 2013
Arun Firodia, founder and chairman of the Kinetic Group of companies is declared as wilful defaulter by several banks and yet Vijay Kelkar recommended his name for Padma Shri, the fourth highest civilian award in India Following directions from the Central Information Commission (CIC),...

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While market based pricing can potentially reduce pricing for two-third essential medicines, there are several critical medicines that are not in the “essential medicines” list. Several Diabetes, TB, HIV, Cancer drugs are not under DPCO 2013 even though WTO lists them as essential

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