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US breast cancer drug decision ‘marks start of death panels’

Source: Telegraph The FDA advisory panel has now voted 12-1 to drop the endorsement for breast cancer treatment. The panel unusually cited "effectiveness" grounds for the decision. But it has been claimed that "cost effectiveness" was the real reason ahead of reforms in which the government will extend health insurance to the poorest. If the [...]

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WikiLeaks posts huge encrypted file to Web

Online whistle-blower WikiLeaks has posted a huge encrypted file named “Insurance” to its website, sparking speculation that those behind the organization may be prepared to release more classified information if authorities interfere with them. At 1.4 gigabytes, the file is 20 times larger than the batch of 77,000 secret U.S. military documents about Afghanistan that [...]

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Life insurance target of fraud inquiry – CNN

WIVBLife insurance target of fraud inquiryCNNBy the CNN Wire Staff New York Attorney General Andrew Cuomo is investigating life insurers over their payouts to military families. (CNN) — New York Attorney General Andrew Cuomo is launching a fraud inves…

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Lloyd’s adds its voice to dire ‘peak oil’ warnings

Source: The Guardian One of the City’s most respected institutions has warned of "catastrophic consequences" for businesses that fail to prepare for a world of increasing oil scarcity and a lower carbon economy. The Lloyd’s insurance market and the highly regarded Institute of Strategic Studies (ISS, known as Chatham House) says Britain needs to be [...]

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Commodities surge after hurricane season forecast

Source: FT.com

Oil and natural gas prices surged on Thursday as the US government said this year’s hurricane season could rank among the most active to date, comparable to years that brought such devastating storms as 2005’s Katrina and Rita.

The outlook raises the possibility of damage to homes and businesses, losses to insurance companies and wild [...]