Center report spurs investigation of Bank of America, JPMorgan prison deals

By Daniel Wagner

No-bid contracts with Bank of America and JPMorgan under government scrutiny after Center report.

Excerpts from this story referencing "Senate":

"… edom of Information Act request. Grassley is the senior Republican on the Senate Judiciary Committee, which oversees the Justice Department. He could becom …"

"… uld become chairman of the committee if Republicans gain a majority in the Senate after this fall’s election. The audit may expand to encompass other fin …"

Senator questions Bank of America’s no-bid prison deal

By Daniel Wagner

After a Center report, Sen. Charles Grassley, R-Iowa, says Bank of America's no-bid prison banking deal "raises significant questions"

Excerpts from this story referencing "Senate":

"… s significant questions.” Grassley is the senior Republican on the Senate Judiciary Committee, which oversees the Justice Department. He could becom …"

"… uld become chairman of the committee if Republicans gain a majority in the Senate after this fall’s election. Prisons account for more than one-fourth of …"

Megabanks have prison financial services market locked up

By Daniel Wagner

Bank of America and JP Morgan Chase & Co. avoid competitive bidding process in contracts serving federal prisoners.

Excerpts from this story referencing "bank":

"… plays a perpetual second fiddle to JPMorgan Chase & Co., the only U.S. bank that holds more assets. A few blocks north, however, at the New York Metr …"

"… rovision of money transfers, e-messaging and some telephone services. The bank’s monopoly extends across the federal Bureau of Prisons system — 121 i …"

"… which include earnings from jobs and money their families send them. The banks’ exclusive deals came not from the Bureau of Prisons, but from the U.S. …"

"… de cards for federal prisons. Fees from former inmates make up most of the bank’s compensation for these cards, documents show. A separate Treasury docu …"

Lobbying activity declines among top special interests

By Dave Levinthal

Three-fifths of nation's top 100 lobbying entities spent less on influence in the second quarter compared to a year ago.

Excerpts from this story referencing "National Rifle Association":

"… than $3 million during last year’s second quarter and easily trumped the National Rifle Association in this regard — invested $1.24 million during this year’s second quar …"

CPI-ABC black lung series wins Loeb award

A CPI-ABC News investigation of the flawed federal benefits system for miners with black lung on Tuesday won a Gerald Loeb award.

Excerpts from this story referencing "Ronnie Greene":

"… ny in New York on Tuesday evening. Named on the award were Chris Hamby and Ronnie Greene, formerly of the Center; CPI’s Jim Morris and Chris Zubak-Skees; and ABC …"

How lobbyists helped build John Cornyn’s election war chest

By Michael Beckel

Lobbyists’ role in Senate GOP whip's campaign helped him avoid, in his own words, a “fair fight.”

Excerpts from this story referencing "Boeing":

"… t groups — including the political action committees of Koch Industries, Boeing and Amgen — threw Cornyn a “campaign kick-off reception” at the Nati …"

Forcing health insurers to do what's right

By Wendell Potter

Commentary: Policyholders benefit from Obamacare provision.

Excerpts from this story referencing "Kaiser Family Foundation":

"… erage through an employer have seen the greatest benefit. According to the Kaiser Family Foundation, the average MLR in the individual market increased from 78 percent in 201 …"

Who’s bankrolling secretive liberal group America Votes?

By Michael Beckel

A dozen anonymous donors accounted for most of the $12.7 million America Votes raised during its last fiscal year.

Excerpts from this story referencing "Politics":

"… America Votes in the past, according research by the Center for Responsive Politics and a Center for Public Integrity review of tax filings maintained by Citi …"

Tech super PAC startups could tap billions

By Dave Levinthal

A for-profit university co-founded by noted futurist Ray Kurzweil is mulling whether to spend big on political campaigns.

Excerpts from this story referencing "Apollo Group":

"… st for-profit education company to wade into the world of super PACs. The Apollo Group — the parent company of the University of Phoenix — has itself financi …"

Keeping an eye on insurance companies that refuse to pay claims

By Wendell Potter

Commentary: Arizona case resolved after victim became a 'squeaky wheel'

Excerpts from this story referencing "reporter":

"… untry’s “fragmented health-care system.” Here’s what happened, in reporter Robert Anglen’s words: The accident happened in an instant. One second …"

"… co-insurance. As a former insurance company PR guy who used to deal with reporters when something like this happened, I can assure you that becoming a squea …"

Koch brothers, major corporations sponsor pension reform seminar for judges

By Chris Young

Judges who may decide fates of public pension reform disputes to attend seminar sponsored by pro-business interests.

Excerpts from this story referencing "New Jersey":

"… trillion. Some states and cities are worse off than others. Illinois and New Jersey, two of the worst, are drowning in pension debt. Detroit and other cities, …"

Be the 'squeaky wheel' if health claim denied

By Wendell Potter

Commentary: Obamacare may squeeze insurance industry profits, subscribers should know their rights when it comes to claim denials.

Excerpts from this story referencing "Maryland":

"… service in question — winning as many as 54 percent of such decisions in Maryland, for example,” CPR reported. Bottom line here: With profit margins unde …"

Banks seek to sway critical GAO report

By Alison Fitzgerald

Big banks say new regulation is unnecessary thanks to Dodd Frank reforms.

Excerpts from this story referencing "Lobbying":

"… the big banks can take on and how much bigger they’ll be able to grow. Lobbying the GAO is somewhat unusual, and it wasn’t something that the Congress c …"

Sorting out why insurers cancel policies

By Wendell Potter

Commentary: blaming Obamacare masks real motives.

Separating myth from reality on Obamacare

By Wendell Potter

Commentary: media scare stories, website snafus obscure opportunities to save.

Wall Street favorite Rep. Garrett flirts with default

By Alison Fitzgerald

Will investment firms that deal in U.S. Treasury securities regret their support of GOP congressmen who are flirting with default?

Excerpts from this story referencing "Pat Toomey":

"… who has been supported by the very companies who trade in that debt. Sen. Pat Toomey, R-Pa., is also a favorite of Wall Street, and received $16,000 from the P …"

Beginning of the end for major health insurers

By Wendell Potter

Kickoff of new law will expose irrelevance of big insurers.

Excerpts from this story referencing "Aetna":

"… ur Health newsletter. ------------------------- If you’re wondering why Aetna, Cigna, Humana and UnitedHealth Group, four of the biggest for-profits, ar …"

"… lains why we are seeing some of their desperation tactics. Like the letter Aetna is sending to some of its policyholders encouraging them to renew early th …"

"… ts, and many new insurance plans will leave many people with questions,” Aetna’s letter reads. “You can do something right now that could help you sa …"

"… iums for next year. It’s a one-time opportunity available right now.” Aetna executives know, of course, that most Americans are not yet aware that the …"

Ex-Wall Street chieftains living large in post-meltdown world

By Alison Fitzgerald

CEOs of banks that fueled the subprime crisis that led to the economic meltdown largely avoid consequences.

Excerpts from this story referencing "Jenner":

"… cording to the official bankruptcy report by Anton Valukas of the law firm Jenner & Block. The tactic allowed the company to characterize a short-term …"

American fugitive used big banks to shuffle more than $1 million offshore, records show

By Ronny Rojas

Records show more than $1M through offshore accounts.

Bear Stearns mortgage executives have plum jobs on Wall Street

By Lauren Kyger and Alison Fitzgerald

Executives from the mortgage finance division that helped sink Bear Stearns have similar jobs at major Wall Street banks.

Excerpts from this story referencing "DOJ":

"… t the health of the funds. Both were acquitted in 2009, and since then the DOJ has declined to criminally charge any top-level Wall Street executives. Th …"

OPINION: insurance tricks to avoid ObamaCare's consumer protections

By Wendell Potter

Firms pushing early renewals to avoid ObamaCare protections

Excerpts from this story referencing "Aetna":

"… rance companies.    I first heard about this several weeks ago. Aetna had been encouraging some of its small business customers —whose policie …"

"… instead of January. By taking advantage of this one-time-only offer, those Aetna customers will be able to delay complying with the law—and providing new …"

"… it. I’ve heard from consumer advocates that many insurers are following Aetna’s lead. They’re sending letters to customers—at least to the ones wi …"

OPINION: putting big health insurers in their place

By Wendell Potter

New exchanges are better off without the big insurers.

Excerpts from this story referencing "Cigna":

"… se, like other big national insurers — most notably UnitedHealthcare and Cigna — it prefers to sell coverage to employers, not individuals. So Aetna’ …"

"… rrangement, the employer pays a substantial fee to a company like Aetna or Cigna to negotiate contracts with doctors and hospitals and make decisions about …"

"… y is Aetna passing on the California exchange, so are UnitedHealthcare and Cigna. And it’s not just California. These big firms have decided to participa …"

IMPACT: Treasury to open Comerica deal to new bids after CPI report

By Daniel Wagner

Multimillion-dollar government deal with Comerica will be re-bid in 2015 after reports of lack of transparency and competition.

Excerpts from this story referencing "Center for Public Integrity":

"… e of concerns that were first raised publicly in a report last week by The Center for Public Integrity, according to two people with direct knowledge of the matter. They spoke o …"

Soros charitable foundation sometimes leans right

By Adam Wollner

Liberal political benefactor's charitable foundation sometimes donates to socially conservative organizations.

Excerpts from this story referencing "George Soros":

"… s, visit this page on the Center's website.)     …"

OPINION: a cynical search for loopholes

By Wendell Potter

Insurers find ways to avoid 'essential benefits'.

JPMorgan Chase’s record highlights doubts about big banks’ devotion to fighting flow of dirty money

By Michael Hudson

JPMorgan Chase’s record highlights doubts about devotion to fighting flow of dirty money

Excerpts from this story referencing "Airline":

"… al, serving as a conduit for an illegal $55,000 contribution that American Airlines laundered through a foreign source and funneled into President Nixon’s …"

OPINION: reform will help level premium costs

By Wendell Potter

Act prohibits insurers from charging one person more than triple the amount for insurance as another person for the same policy.

OPINION: Health insurance 'producers' about to be on life support

By Wendell Potter

Health insurance 'producers' help raise the cost of insurance plans

Report: Hundreds of former SEC employees representing clients before agency

By Dave Levinthal

Report: Hundreds of former agency employees representing private clients before body.

Adelson gave $40 million to super PACs in final weeks of election

By Michael Beckel and Andrea Fuller

Ninety-one individual donors gave $1 million or more to super PACs in the 2012 election.

Excerpts from this story referencing "Scott Brown":

"… mmittee” received $500,000 from the Adelsons as it touted incumbent Sen. Scott Brown, R-Mass., and criticized Democratic challenger Elizabeth Warren in telepho …"

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