Supreme Court sustains health care act

The Supreme Court upheld the constitutionality of the Obama administration’s Affordable Care Act. The decision was five to four, with Chief Justice John Roberts voting with four of the court’s more liberal justices. Their ruling found that the law’s controversial “individual mandate” clause, which requires individuals to buy health insurance or pay a fee, is constitutional. The administration called the fee a “penalty,” but the court said today that the fee is not a penalty, which would be unconstitutional, but rather a “tax,” which is constitutional. Wall Street estimated the decision would help hospital companies and insurance companies that focus on Medicaid.

 

 

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Supreme Court sustains health care act

Bank of America Expands Small Business Footprint in Washington With Hiring of More Than 30 Small Business Bankers

SEATTLE–(BUSINESS WIRE)–Jun. 26, 2012– Bank of America announced today that it has hired more than 30 small business bankers throughout the state of Washington to provide guidance and counsel to local small business owners. Ten of these hires are located in the Seattle metro area. These additions are part of the bank’s previously announced plan to hire approximately 1,000 small business bankers nationwide.

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Bank of America Expands Small Business Footprint in Washington With Hiring of More Than 30 Small Business Bankers

Bank of America and Vital Voices Invest in Emerging Women Leaders in South Africa Through Global Ambassadors Program

Mentoring Forum Will Develop a Global Action Plan to Accelerate Women’s Decision-Making Power

CAPE TOWN, South Africa–(BUSINESS WIRE)–Jun. 26, 2012– Today Bank of America and Vital Voices convened a mentoring forum in Cape Town, South Africa, to develop a global action plan to engage the international community in increasing the number and impact of women leaders as decision-makers. The effort is part of the Global Ambassadors Program, a Vital Voices and Bank of America partnership, which mobilizes accomplished professionals as mentors for talented women leaders in developing countries.

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Bank of America and Vital Voices Invest in Emerging Women Leaders in South Africa Through Global Ambassadors Program

Milestone Reached for the Global Initiative to Establish a Legal Entity Identifier (LEI)

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Milestone Reached for the Global Initiative to Establish a Legal Entity Identifier (LEI)

Treasury and IRS Answer President Obama’s Call to Help Americans Manage Student Loan Debt

By: Sabrina Siddiqui
6/7/2012

Today, President Obama heads to the University of Nevada Las Vegas to discuss student loans. The President believes in creating an economy built to last that gives every hard working student a fair shot at developing the skills they need to find a good job by attending college, university, community college, or job training programs. To help put the cost of higher education within reach for more Americans, the President has taken action to cap monthly payments on student loans for responsible graduates who make their payments on time. Continuing to act, he will issue a Presidential Memorandum to streamline the process and improve information available to responsible borrowers about student loan repayment options. Answering the President’s call, Treasury and IRS will begin working on improving the application process for responsible borrowers.

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Treasury and IRS Answer President Obama’s Call to Help Americans Manage Student Loan Debt