Government officials in the Bahamas want their U.S. counterparts to explain why the National Security Agency has been intercepting and recording every cell phone call taking place on the island nation. Responding to a  report published by The Intercept on Monday, which revealed that the NSA has been targeting the Bahamas’ entire mobile network and storing the audio of every phone call traversing the network for up to 30 days, Bahamian officials told the Nassau Guardian that they had contacted the U.S. and vowed to release a statement regarding the revelations. In a front-page story published  Tuesday, Bahamian Minister […]

Click here to view original article The Bahamas Wants to Know Why the NSA is Recording Its Phone Calls

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Insurers are changing how they pay for cancer care, aiming to blunt soaring costs and push oncologists to adhere to standardized treatment guidelines. The largest effort yet is set to be unveiled by Inc., which will begin offering oncologists a $350-per-month payment for each patient who is on one of the insurer’s recommended regimens. WellPoint, the No. 2 insurer in the U.S., will roll out its new program July 1 in six states and through its entire network by the middle of next year. Initially, it will focus on breast, lung and colorectal cancer, but it will expand to […]

Click here to view original article Popular Now What’s This? Close Content engaging our readers now, with additional prominence accorded if the story is rapidly gaining attention. Our WSJ algorithm comprises 30% page views, 20% Facebook, 20% Twitter, 20% email shares and 10% comments.

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Even if you don’t think society has a moral obligation to care for the least among us, a new study underscores that we have a financial obligation to do so. Late last week, the Central Florida Commission on Homelessness released a new study showing that, when accounting for a variety of public expenses, Florida residents pay $31,065 per chronically homeless person every year they live on the streets. The study, conducted by Creative Housing Solutions, an Oklahoma-based consultant group, tracked public expenses accrued by 107 chronically homeless individuals in central Florida. These ranged from criminalization and incarceration costs to […]

Click here to view original article Leaving Homeless Person On The Streets: $31,065. Giving Them Housing: $10,051.

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This week, the Chamber of Commerce released a report claiming that a new requirement under the 2010 Dodd-Frank financial reform bill that corporations calculate and disclose the ratio of CEO pay to an average worker’s pay is “egregious.” The report notes that the Securities and Exchange Commission, which has to issue the regulation, estimated that the new rule would require an average of just 190 extra hours of paperwork each year per company, costing an extra $18,000. But the Chamber contends that different data that it gathered from surveying 118 companies, or 3.1 percent of covered businesses, show the […]

Click here to view original article Chamber Of Commerce Claims Calculating How Much More CEOs Make Than Their Workers Is ‘Egregious’

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In the latest desperate bid to clean up China’s toxic skies , the government announced on Monday that over six million of the country’s oldest, most polluting cars are headed to the dump this year. Vehicles registered before 2005 that don’t meet national emissions standards will be “phased out” over the next year, according to a State Council document detailing emission reduction targets for a range of industries. Beijing will see about 330,000 vehicles leave the streets, while Shanghai will say good-bye to another 160,000 cars. In the capital city alone, vehicle emissions account for about 31 percent of […]

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The median CEO pay package hit $10.5 million last year, according to the Associated Press, cracking eight figures for the first time since the wire service began calculating the statistic. The median compensation number rose by 8.8 percent from 2012 and has now climbed by more than 50 percent over the past four years. By contrast, average weekly wages for working Americans rose just 1.3 percent last year, the AP notes. That disparity is all too typical of the modern U.S. economy. CEO compensation has increased 127 times faster than worker pay over the past three decades. According to […]

Click here to view original article Median CEO Pay Passes The $10 Million Mark For First Time

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