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Smoking French Icons Allowed to Puff on Posters Again
By Theunis Bates - AOL NewsFrench politicians have voted to amend a strict anti-tobacco law that snatched cigarettes and pipes from images of some of the country's most famous smokers. Fear of breaking the 20-year-old Evin Law, which banned the direct and indirect promotion of tobacco and alcohol in public places, had led authorities to remove dozens of smokes from historical images. The legislation first sparked public outrage in 1996, when the post office used a photo of renowned author Andre Malraux for a stamp but airbrushed out his ever-present Gauloise. The law was back in the headlines almost a decade later ...
Obama Takes Aim at Regulation as GOP Targets Health Care Law
By Joseph Schuman - AOL NewsTo regulate or not to regulate? That is the question President Barack Obama is ordering every federal agency and office to ask in a government-wide review aimed at eliminating rules on the books that are outdated, stifle job creation or make the U.S. economy less competitive. But the initiative seems focused as much on politics as policy. It is the White House's latest bid to reach out to a business community that was one of its primary foes last year, and seems directed in part at co-opting a key Republican argument on the same day the new GOP majority in the House begins its own ...
GlaxoSmithKline to Pay $750M Fine for Sale of Bad Drugs
By David Knowles - AOL News(Oct. 26) -- Another day, another hard pill to swallow for GlaxoSmithKline. On Tuesday, the pharmaceutical giant agreed to pay $750 million to settle a government lawsuit alleging that the company sold defective and potentially dangerous medication. The U.S. Justice Department brought suit against GSK after finding that the company's Cidra, Puerto Rico, factory produced drugs sold to consumers that were often mislabeled, of the wrong dosage and contaminated with micro-organisms. "Today's settlement reminds the pharmaceutical industry that they must observe those standards and reflects ...
'Macroeconomic Policymaking Is Incredibly Hard': 4 Key Takeaways From Christina Romer's Parting Thoughts
By Alex Eichler - AOL News(Sept. 2) -- Christina Romer, outgoing chairwoman of President Barack Obama's Council of Economic Advisers, gave a farewell address Wednesday at Washington's National Press Club. Romer will step down from her position Friday after 20 months and plans to return to her tenured position as an economics professor at the University of California, Berkeley. She will also join the President's Economic Recovery Advisory Board. Though a White House press release said that Romer was leaving her post in order to return to California and be closer to her family, sources close to the president's economics ...
Opinion: The FDA's Deadly Overcaution
By not in system - AOL News(Aug. 16) -- In the past two months, there've been news accounts of two major diagnostic advances in medicine. One involves a far more efficient HIV detection test that FDA approved in late June. The other is a new prostate cancer test that may reduce the huge number of unnecessary biopsies and surgeries that are currently performed. These breakthroughs appear to have significant life-saving potential. However, surprisingly, the new HIV test isn't all that new -- it's been used in Europe since 2004 and is now the first line of testing in both the United Kingdom and France. As for the prostate ...
Long-Fought Wall Street Reform Bill Goes to Obama
By Joseph Schuman - AOL News(July 15) -- Senate Democrats today muscled through a far-reaching overhaul of Wall Street rules and oversight that sent the government's most ambitious effort to prevent future financial crises to the White House for President Barack Obama's signature. Capping more than a year of legislative fights, fierce lobbying from the financial industries and a skein of congressional probes into the global economic crisis that steadily drummed up popular support for reform, the 60-39 vote saw three Republicans break ranks with their party to join all but one Democrat in support of a measure sure to ...
Wall Street Bank Reform Law Clears Largest Hurdle
By not in system - AOL News(July 15) -- A sweeping overhaul of Wall Street firms and American financial institutions cleared its highest hurdle Thursday morning when the Senate voted 60-38 to end debate on the bill. A final Senate vote is scheduled for late Thursday afternoon, when the bill is expected to pass easily. ...
Opinion: Business to Blame for Anti-Business Mood
By Marty Robins - AOL News(July 8) -- At a speech in late June, Verizon CEO Ivan Seidenberg said that if you want to know why businesses aren't hiring, look to Washington. "By reaching into virtually every sector of economic life, government is injecting uncertainty into the marketplace and making it harder to raise capital and create new businesses," he said. GE CEO Jeff Immelt has issued similar complaints. I agree with their concerns, and feel that much of the rhetoric and action is detrimental to the economy. But if they want to know why there's so much animosity toward business these days, they should look in ...
Senate Breaks Impasse on Financial Regulation Bill
By not in system - AOL NewsWASHINGTON (May 20) -- Barely breaking a logjam, the Senate voted today to end debate on a massive financial regulation bill, clearing the way for final passage of the most ambitious effort to write rules for Wall Street since the Great Depression. The vote was 60-40 to advance the legislation, which has become a top priority for President Barack Obama in the aftermath of his successful health care overhaul in March. The president heralded today's vote, saying Wall Street efforts to undermine the legislation had failed. "Our goal is not to punish the banks," he said, "but to protect the ...
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