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Pregnant women gain new options under health law

Written By Unknown on Sabtu, 10 Mei 2014 | 20.25

WASHINGTON — The health care law has opened up a new opportunity for some mothers-to-be to save on medical bills for childbirth.

Lower-income women who signed up for a private policy in the new insurance exchanges will have access to additional coverage from their state's Medicaid program if they get pregnant.

Some women could save hundreds of dollars on their share of hospital and doctor bills.

Medicaid already pays for nearly half of U.S. births, but this adds another dimension to the safety-net program.

Officials and advocates say the enhanced coverage will be available across the country, whether or not a state expands Medicaid under the health law.

The main roadblock right now seems to be logistical: reprogramming state and federal computer systems to process the new benefit.


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SouthieĂ¢€™s D St. to have big outdoor arts space

A no-man's-land stretch of D Street in South Boston will be transformed into an interim outdoor space that could be used for art installations, concerts, pop-up restaurants — even Major League Bocce — under a $1.1 million plan the Massachusetts Convention Center Authority has approved.

The so-called "D Street Laboratory" will open in late July or early August on approximately two acres across from the Aloft and Element hotels, which are scheduled to open by the end of next year, said Terence Burke, an authority spokesman.

"This is an eyes-wide-open experiment," Howard Davis, director of capital projects, said at an MCCA board meeting yesterday.

The authority is paying HR&A Advisors $200,000 for the concept and the design, and Chris Wangro, another New York consultant, $50,000 to develop programming for the space.

Potential local partners include the Institute of Contemporary Art, Major League Bocce, Artists for Humanity, Make Music Boston and the deCordova Sculpture Park and Museum, Wangro said.

The building of the "Lab" will fulfill a commitment to South Boston left over from the construction of the Boston Convention and Exhibition Center, Burke said in an email.

The space will be a walkable connection to and from the BCEC, D Street and the hotels, as required under an agreement the MCCA has with their developer, he said.

The lab also will provide convention center users and the broader Boston community with the chance to try some outdoor concepts that might be integrated into the final design of the BCEC's proposed $1 billion expansion, Burke said.

"The plan is to operate the space for 18 to 24 months, try some things ... and then make some decisions about how to make it permanent as part of the expansion program," which the Legislature has yet to vote on, he said.


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Property of Hub Ponzi schemers will be sold off

The property of a convicted West Roxbury Ponzi schemer and his wife will be sold to recoup some of their $9.77 million in debt, the majority of which is owed to swindled clients.

Steven Palladino is at MCI-Cedar Junction in Walpole after being sentenced in January to 10 to 12 years. He, his wife and son were ordered to pay restitution for convincing at least 33 people to loan Viking Financial Group millions of dollars with the promise of high returns that were never delivered.

Palladino and his wife, Lori, filed for bankruptcy last month, and Viking Financial followed suit last week. The Palladinos listed $1.15 million in assets and $9.77 million in debt.

"Anything having to do with the financial condition and the history of the financial dealings will be investigated by us," said Mark G. DeGiacomo, the court-appointed trustee overseeing the cases. The Palladinos' lawyer could not be reached for comment.

It's "way too early" to say whether defrauded clients will recoup any money, he said. Secured claims typically are first in line for distributions and total at least $304,929.

The Palladinos' cars likely will be auctioned next month. Court documents in the U.S. Security and Exchange Commission case against Steven Palladino and Viking Financial list a 2012 Mercedes, 2011 BMW, 2013 Audi, 2012 Range Rover, 1992 Chevy Corvette and 2004 F350 truck.

The Palladinos own homes in Roslindale and West Roxbury and a vacant West Roxbury lot assessed at a combined $1.09 million, and two time shares valued at $25,000, according to court documents.

The U.S. Attorney's Office in April charged Steven Palladino with 25 counts of criminal contempt for allegedly flouting an asset freeze and other court orders. He is accused of "lavish spending" and incurring thousands of dollars in credit card charges.

The Palladinos owe tens of thousands of dollars in credit card debt in addition to $1,627 to Best Buy, $1,300 to Bloomingdales and $1,364 to Neiman Marcus, court documents state.

The couple claimed $70,000 in jewelry, and just $25 in cash and $150 in a checking account, but $613,379 has been held in a bank account with the Boston Police listed as trustee.

Palladino participated in the first meeting of his creditors by telephone from prison. "Some of the investors that were at the meeting had some questions," DeGiacomo said. "Not the 'why?' (or) 'how could you do this?' It was more ... just trying to figure out where the money went and where the assets are."


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Republicans highlight jobs bills in weekly address

WASHINGTON — House Republicans say President Barack Obama and Senate Democrats should match their focus on bills designed to promote jobs.

In the weekly Republican radio and Internet address, House Republicans list more than a dozen bills that have passed the GOP-controlled House with the goal of improving the economy.

The bills they cite include those changing welfare regulations, offering more job training and education, curtailing patent litigation, scaling back regulations for small-business owners and building the Keystone XL pipeline.

The chairman of the House Education and Workforce Committee, congressman John Kline of Minnesota, says more legislation is in the works.

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Online:

Republican address: http://www.speaker.gov/


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Dynamic duo: The success of Jimmy Iovine, Dr. Dre

NEW YORK — They truly are marching to the beat of their own drum.

It's as though anything Jimmy Iovine and Dr. Dre touches turns to gold: The dynamic duo marked epic-level success when they introduced Eminem to the music world 15 years ago, and their lucrative Beats by Dre business reached blockbuster heights following reports that Apple plans to buy the headphones' parent company, Beats Electronics, for $3.2 billion.

But the music industry veterans have had a string of triumphs, and we take a look at why we never seem to never forget about Dre and Iovine.

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STARTED FROM THE BOTTOM

Well, not necessarily the bottom, but Iovine kicked off his career behind the scenes. He was a recording engineer in the 1970s who mixed albums such as Bruce Springsteen's "Born to Run." He later upgraded to producer, working with revered icons from Tom Petty to U2 to Stevie Nicks. Springsteen says it best in the song "Ain't Good Enough for You," singing: "And babe I tried to make the latest scene, hitting cool just like Jimmy Iovine."

Dre, too, started as a producer, but it was for N.W.A., the hip-hop group he was a member of alongside Eazy-E and Ice Cube. The West Coast-based rappers made their stance in hip-hop culture and music history in the late '80s with controversial lyrics and edge, and Dre followed that with his own solo work that topped the charts. Dre is also responsible for bringing forth rap king Snoop Dogg, rap king Eminem, rap king 50 Cent and rising rap prince Kendrick Lamar. Outside of those acts, beats by Dre — literally — include tracks like Tupac's classic "California Love," Eve and Gwen Stefani's Grammy-winning "Let Me Blow Ya Mind" and Mary J. Blige's only song to hit No. 1, the party jam "Family Affair."

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BEATING THE OTHERS WITH BEATS

Many celebrities and musicians have launched headphones lines, from 50 Cent to Quincy Jones to Jay Z, but no one has come close to Beats by Dre, even before Apple's billion-dollar acquisition. The brand, which debuted in 2008, brought new life to the headphone industry, reinvented the way people listen to music and revived how earphones could make a fashion statement. Dr. Dre is a doctor in the music industry, and Iovine is as needed as an IV.

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HI, MY NAME IS...

It's hard to imagine the world of entertainment — or Emtertainment for that matter — without thinking of Eminem, one of the ultra-successful members of pop culture. And part of his victory comes from his team: Iovine and Dre have been behind the Detroit icon since he emerged with brash raps and an energy that was both dominating and enticing. From the Oscar-winning "8 Mile" to multiple multiplatinum albums to an influence on today's musicians and music lovers, Eminem is a musical virtuoso and praise should also go to his guardian angels.

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STILL GOING STRONG

Iovine, who co-founded Interscope Records, is the chairman of Interscope Geffen A&M, where the roster includes U2, Madonna, Robin Thicke, the Black Eyed Peas, Maroon 5 and Lady Gaga, who released a line of headphones via Beats by Dre.

Dre, whose upcoming album "Detox" has been anticipated for a decade, has mentored Lamar, a fellow Compton rapper who had a breakthrough last year with his platinum-selling debut album, "good kid, m.A.A.d city," which was nominated for album of the year at the Grammy Awards this year.

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Online:

http://www.beatsbydre.com/

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Follow Mesfin Fekadu at twitter.com/MusicMesfin


20.25 | 0 komentar | Read More

Foreclosures soar in March

Written By Unknown on Jumat, 09 Mei 2014 | 20.25

Massachusetts foreclosure petitions took a sharp year-over-year turn up in March, ending 16 consecutive months of decline in petition filings, according to The Warren Group.

"The increase in percentage terms seems enormous, almost as though the flood gates have been thrown wide open," Timothy M. Warren, CEO of the market tracker, said in a podcast. "However, I see a number of reasons to be cautious about turning up the volume on the alarm quite yet."

In March 2013, only 283 foreclosure petitions were filed, which was 83 percent below the prior March, and much lower than February 2013, Warren said.

"So I'm going to suggest that perhaps March of last year was the real outlier in the data trends, more so than March of 2014," he said. "Nevertheless, 660 petitions filed in March of this year do represent a big increase in the current trend. For example, it is 50 percent higher than February."

Lenders are getting more aggressive with delinquent borrowers, Warren said.


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Stocks subdued as China data, Ukraine weighed

TOKYO — Global stock markets were subdued Friday, with investors weighing a fall in Chinese inflation and renewed jitters about Ukraine as pro-Russian militants pressed ahead with plans for an independence referendum.

China's inflation eased in April to 1.8 percent in a mixed message for investors. The drop in inflation gives Beijing more leeway to stimulate the slowing Chinese economy if needed, but also underlines that domestic demand is weak.

Ukraine continued to loom large for investors. Insurgents in the country's east are preparing for a weekend referendum on independence, a vote similar to the plebiscite that paved the way for Moscow's annexation of Crimea in March. Preparations have continued despite a call by Russian President Vladimir Putin to put off the vote amid negotiations with the West over Ukraine's future.

European shares opened lower, with Britain's FTSE 100 down 0.4 percent to 6,811.88. France's CAC 40 dropped 0.6 percent to 4,481.60 and Germany's DAX shed 0.4 percent to 9,573.68.

Futures augured another drop on Wall Street. Dow and S&P 500 futures were both down 0.1 percent.

Trading in Asian markets was mixed.

Hong Kong's Hang Seng fluctuated between positive and negative territory, before closing up 0.1 percent at 21,862.99.

Japan's Nikkei 225 stock average gained 0.3 percent to 14,199.59. Investors are waiting for more earnings reports, with Nissan and Sony due to release results next week.

Shuji Hosoi, senior strategist at Daiwa Securities Co. in Tokyo, said investors were satisfied that Toyota's results, released Thursday, were strong, with the world's top automaker reporting record profit for the last fiscal year.

But he said there was little other market-driving news to trade on, leaving share prices in a stalemate.

"People are relieved about Toyota, but that's not enough for a major rally."

Elsewhere, South Korea's Kospi edged up 0.3 percent to 1,956.55, while Australia's S&P/ASX 200 shed 0.3 percent to 5,460.80.

In currencies, the euro fell to $1.3816 from $1.3842 late Thursday. The dollar rose to 101.74 yen from 101.62 yen.

Benchmark U.S. crude for June delivery was up 73 cents to $100.99 a barrel in electronic trading on the New York Mercantile Exchange.

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Follow Yuri Kageyama on Twitter at twitter.com/yurikageyama


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Hot Property: BostonĂ¢€™s priciest home hits ceiling

The most expensive listing in Boston, the $13.95 million six-level townhouse at 74 Beacon St., was renovated to reflect the look of a Victorian-era Back Bay townhouse, but one tradition, the basement kitchen, didn't make the cut.

The mansion has just been put back on the market after the kitchen was moved from the basement to the first floor.

"It was a major reason why this property wasn't selling," said Tracy Campion, Boston's top broker in sales volume ($272 million last year), who has been brought on as a co-exclusive listing agent along with Brad Sprogis and John Neale, who originally brought the building to developer Peter Georgantas of Peg Properties & Design.

"Buyers want an open feel with the kitchen, living and dining areas on one floor," said Sprogis. "You're really seeing a move to a less formal style of living even at this level."

The new first-floor kitchen, with white macoubas quartzite counters and island, a La Cornue stove and custom Scandia cabinets, overlooks a private patio.

Transforming the 1828 gray granite townhouse overlooking the Public Garden into a single-family has been a lengthy process. Georgantas bought the property in 2007 when it was four apartments and it took three years to renovate it.

"We wanted it to feel like a historic single-family in Back Bay," said Georgantas, whose wife and business partner, Elizabeth, co-designed the interiors. "But it had to be crisp, clean and bright rather than overbearing, stuffy and Victorian."

A large, bright open living/dining area has quarter-sewn oak floors and custom white woodwork. The grand staircase, modeled after The Breakers in Newport, R.I., connects all 8,450 square feet of living space, plus there's a wood-lined elevator.

The fourth floor is made for entertaining, with a large media room/ballroom that opens onto a rear roof deck with views of Beacon Hill. And there's an oak-lined library, complete with a custom rolling ladder for the bookcases.

The sixth-floor rooftop deck overlooks the Public Garden, with an infinity edge lap pool.

The sumptuous master suite has silk wall coverings, custom dressing rooms and closets and a master bathroom with a clawfoot tub and an enormous glass steam shower.

There are five other bedroom suites and an additional five full and three half bathrooms, plus a private gym and a family room in the basement that opens to a private patio.

The home comes with a deeded garage space at the toney Brimmer Street Garage, along with a parking space behind the house.

After completion in 2010, the home didn't sell, so it was rented for $40,000 to $60,000 a month. But given the superheated luxury market, Georgantas said he now feels optimistic.

"Someone can buy this property that offers a sense of history as well as privacy," he said. "Or they can spend the money on a top-tier condo unit without much character that feels like a hotel."


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Report: Apple on verge of buying Beats for $3.2B

SAN FRANCISCO — Apple is orchestrating a $3.2 billion acquisition of Beats Electronics, the headphone maker and music streaming distributor founded by hip-hop star Dr. Dre and record producer Jimmy Iovine, according to a published report.

Citing people familiar with the negotiations, The Financial Times says Apple could announce the deal as early as next week. In its report posted online late Thursday, the newspaper warned the talks could still collapse if the two sides can't agree on some final details.

Both Apple Inc. and Beats Electronics declined to comment to The Associated Press.

The potential acquisition would add Beats Electronics' popular line of headphones and music streaming service to an Apple line-up that already includes digital music players and the iTunes store, the world's top music retailer.

If the deal is completed, it would be by far the largest purchase in Apple Inc.'s 38-year history.

The Cupertino company has traditionally seen little need to buy technology from other companies, reflecting Apple's confidence in its ability to turn its own ideas into revolutionary products such as the Mac computer, the iPod, the iPhone and the iPad.

But Apple hasn't released a breakthrough product since its former CEO and chief visionary, Steve Jobs, died in October 2011. The innovative void has increased the pressure on Jobs' hand-picked successor, Tim Cook, to prove he is capable of sustaining the success and growth that turned Apple into the world's most valuable company and a beloved brand.

Cook has shown a willingness to spend more of Apple's money than Job ever did. Among other things, Cook began paying Apple stockholders a quarterly dividend and has progressively committed more money to buying back the company's shares.

Apple's pursuit of Beats Electronics is the latest indication that the company is having trouble generating growth on its own. Apple already sells Beats Electronics gear in its stores, giving the company insights into how much the trendy headphones and other audio equipment appeal to its customers.

The negotiations also are taking place as the music market increasingly tilts toward streaming and away from the downloads that once drove the success of Apple's digital music store, iTunes.

U.S. revenue from downloads — which iTunes dominates — dropped 1 percent to $2.8 billion in 2013, while streaming music revenue from the likes of Pandora and Spotify soared 39 percent to $1.4 billion, according to the Recording Industry Association of America.

While downloads still command 40 percent of the market, streaming revenue now accounts for 20 percent of total revenue, up from just 3 percent in 2007.

Beats Electronics LLC was founded in Santa Monica, California in 2008 by Dr. Dre and Jimmy Iovine. Its headphones were manufactured by Monster Cable until the two companies parted ways in 2012. The headphones have become a bit of status symbol worn by celebrities as well as audiophiles.

In 2012, Beats bought streaming music service MOG, which it transformed and relaunched as Beats Music earlier this year. The launch was fueled by a landmark partnership with AT&T that allowed up to five family members to pay $15 a month for the service as long as they were AT&T wireless customers. The deal broke the industry mold of charging each person $10 per month.

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AP Business Writer Ryan Nakashima in Los Angeles contributed to this story.


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Netflix raises prices by a $1 for new subscribers

SAN FRANCISCO — Netflix is raising its Internet video prices by $1 per month for new customers and giving its current U.S. subscribers a two-year break from the higher rates.

The changes mean anyone signing up for Netflix's video subscription service beginning Friday will pay $9 per month for in the U.S. The old price of $8 per month will continue until May 2016 for Netflix's existing 36 million U.S. subscribers.

The price increase, Netflix's first in nearly three years, isn't surprise. The Los Gatos, California-based company disclosed its plans to raise its rates last month without specifying the precise amount.

Netflix Inc. say its needs more money so it can afford to pay for more original programming along the lines of its Emmy award-winning political drama "House of Cards."

By delaying the price increase for current subscribers, Netflix hopes to avoid the backlash that it faced in 2011 when it raised its prices by as much as 60 percent.

The company lost about 800,000 customers within a few months in an exodus that alarmed investors, causing Netflix's stock to plunge by more than 80 percent in a year. Netflix eventually lured back subscribers and revived its customer growth, lifting its stock to record highs earlier this year.

Subscription prices also will be increasing by the equivalent of about $1 month in Netflix's markets outside the U.S. The company ended March with nearly 13 million international customers in more than 40 countries.


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