Dispatch:
Mark D. Lay was sentenced to 12 years in federal prison today and ordered to repay nearly $213 million to the Ohio Bureau of Workers' Compensation for his role in the loss from a hedge-fund investment as part of a series of scandals that rocked state government.....
Here is a little more from the Business Courier of Cincinnati:
...Sentencing for Mark Lay, chief executive of MDL Capital Management Inc., comes about eight months after his conviction on charges of investment advisory fraud, mail fraud and wire fraud. Sentences on three of four counts against him totaled 12 years each, but will run concurrently.....
....Lay was charged with several others in connection with an investigation into BWC investments sparked by political fundraiser Tom Noe's theft from a $50 million rare-coin fund that he handled for the agency....
> In today's news, the Iraqi government asked for a timetable to remove American troops from Iraq. However, President Bush and Sen. John McCain are against any timetable. I guess they just want endless war.
NY Times:
Iraq will not accept any security agreement with the United States unless it includes dates for the withdrawal of foreign forces, the government's national security adviser said on Tuesday.
The comments by Mowaffaq al-Rubaie underscore the U.S.-backed government's hardening stance toward a deal with Washington that will provide a legal basis for U.S. troops to operate when a U.N. mandate expires at the end of the year.....
Wow. I thought freedom was on the march. Iraq doesn't want us there but Bush=McCain want us to stay.
>>>>> If you are on Medicare, you may have something to worry about in the near future. Because of a screw up by the Republican Senators, doctors in the U.S. may stop treating Medicare patients.
...Upset that some Republican senators failed to vote to prevent a 10 percent cut in Medicare payments to doctors last week, the AMA has begun airing TV and radio ads in more than a half-dozen states, particularly those where GOP senators are in fierce re-election campaigns....
....In the AMA ads, consumers are told this July 4 weekend that there will be "no celebrating for the millions of Medicare patients" who may lose access to their doctors thanks to the cut. The ad then names the respective state's senator as protecting "the powerful insurance companies' huge profits at the expense of Medicare patients' access to doctors and their services."
Among those Republican senators targeted are three in tough re-election battles: John Cornyn of Texas; John Sununu of New Hampshire and Roger Wicker of Mississippi. A spokesman for Cornyn's office had no comment about the AMA ad campaign, and Wicker's office could not be reached for comment....
