CALIFORNIA | LOCAL
February 21, 2014 |
Lawyers for five former Bell City Council members asked for more time Friday to consider whether to accept a deal in which their clients would get no more than four years in prison in exchange for pleading no contest to criminal negligence. George Cole, George Mirabal, Teresa Jacobo, Oscar Hernandez and Victor Bello must all agree to the deal, or the offer will be taken off the table, prosecutors said. The defendants are also required to pay restitution to Bell, but the amount has not been determined.
February 7, 2014 |
Admitting it gave some consumers bad information, California's health insurance exchange pulled its physician directory for having too many errors. Covered California made the move late Thursday amid growing frustration among both consumers and doctors over inaccurate information about insurance networks in the state marketplace. The exchange yanked its online directory of medical providers in mid-October after acknowledging there were serious problems then with the data. It published an updated list in November.
February 7, 2014 |
Mt. Gox, a major online bitcoin exchange, on Friday halted all withdrawals indefinitely, causing another slide in the value of the unregulated digital currency. In a statement, Mt. Gox blamed technical problems and said a pause of withdrawals is necessary to "obtain a clear technical view of the current processes. " The online exchange said it would provide an update on Monday on its operations. Mt. Gox, however, said trading will continue. Bitcoin's value was down 4.7% to $746.71, according to the CoinDesk Bitcoin Price Index, which averages prices from various exchanges.
February 4, 2014 |
WASHINGTON - With another major fiscal deadline looming at month's end, House Republicans are preparing to seek only modest concessions from President Obama to raise the nation's debt ceiling and will instead try to press their political advantage on other issues. The strategy is a stark reversal from 2011, when the new House Republican majority pushed a partisan debt standoff that led to a historic downgrade in the nation's credit rating. Republicans bore the brunt of public blame for both the downgrade and last year's 16-day government shutdown.
January 30, 2014 |
Moss Adams, one of the nation's largest accounting firms, has launched an online exchange for trading film and other tax credits. Called the Moss Adams Tax Credit Exchange , the marketplace allows film producers and other companies with tax credits to match up with buyers, converting credits they can't use into cash they can reinvest in their business. Buyers can purchase credits online, helping them offset state taxes owed. “We're proud to bring the exchange to our clients and future members and expect it to transform the way tax credits are purchased and sold,” said Rob O'Neill, state and local tax partner at Moss Adams.
January 23, 2014 |
California's health exchange said it would use an additional $155 million in federal grant money to address customer service woes and to boost low enrollment among the key market of uninsured Latinos. The Covered California exchange announced the injection of money from the Obama administration Thursday as it faced growing criticism for dismal service and a disappointing sign-up rate among Latinos. The state has led the nation with more than 625,000 people enrolled in health plans through mid-January, and it's a bellwether state for the national rollout of the Affordable Care Act. That large volume of enrollment, much of it coming last month, has often overwhelmed the state exchange and its participating health plans.