Public option rejected by Senate Finance Committee

Two proposals for a public health option from Sens. Chuck Schumer and Jay Rockefeller are shot down yesterday. (NYT) Rebuilding the FDIC‘s reserve funds may cost top banks $10 billion a piece. (Bloomberg) CEO Jamie Dimon shuffles around his top execs at JP Morgan Chase. (FT) Hartford taps Liam McGee for its top post, a …

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Public option in the spotlight

The Senate Finance committee will consider the public option today. (TPM) Exelon leaves the Chamber of Commerce over differences on climate change. “The carbon-based free lunch is over,” said John Rowe, CEO of the large utility company. (NYT) Reid secured a deal for home state of Nevada in Baucus bill: the federal government will pay …

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Obama goes to work for Chicago

Obama will travel to Copenhagen to try to bring the Olympics to Chicago in 2016. (WSJ) Bush White House veterans credit Treasury Secretary Tim Geithner with “tempering the populist impulses of other Obama advisers.” Geithner successfully pushed for the re-appointment of Fed chair Ben Bernanke. (NYT) Senators Schumer and Rockefeller will offer amendments this week …

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After fraud settlement, Kirk decided to pay insurance CEO $21.5 million

The same year that Hartford Insurance settled a $20 million fraud suit with the state of New York, board member and compensation chair Paul Kirk decided to make the company’s CEO the second-highest paid executive in the insurance industry. Today, Kirk was named Kennedy’s successor in the Senate by Massachusetts governor Deval Patrick. Sunlight’s Paul …

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Longtime confidant will take Kennedy’s seat

Rumor has it that Kennedy friend Paul Kirk is set to take the late Senator’s seat, though there has been no official word from Massachusetts Governor Deval Patrick. (NYT) Bill Nelson, Senator from Florida, is fighting proposed cuts to Medicare Advantage. (NYT) Former Fed chair Paul Volcker will warn Congress today of “intractable problem” at …

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Findings from Hewlett-Packard Research

Being one of the largest and most-established producers of consumer technology in the world, it is no surprise that Hewlett-Packard maintains a dominating presence within northern California’s business, commerce, and and information networks. (Want to learn more about the ties behind the Bay Area’s biggest companies? Donate to our investigation on Spot.Us.) …

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Baucus offers higher subsidies, other changes to healthcare bill

The new markup of Senate Finance Committee Chairman Max Baucus‘s healthcare proposal offers higher subsidies for the financially strapped, and limits penalties and those affected by a new tax. The overhaul is expected to return favor from key Republican Senator Olympia Snowe. (LATimes) The Massachusetts Senate voted to allow Massachusetts Governor Deval Patrick the final …

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Blue Dog Ross has some explaining to do

Blue Dog Democrat Mike Ross, a key voice in the healthcare debate, sold commercial property to an Arkansas-based pharmacy chain for much more than its appraised value in 2007. (ProPublica) The Fed turns down request from Treasury Secretary Tim Geithner to conduct a public review of the institution’s structure and governance. (Bloomberg) Sheila Bair and …

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Towns presses BofA for merger secrets

A Congressional panel led by Ed Towns is pressing Bank of America to reveal information about merger-related conversations with Merrill Lynch at the end of last year.   (NYT) Paterson will press on with campaign for NY governor, despite Obama’s unease with his poll numbers. (Bloomberg) The so-called Cadillac plan tax in the Baucus bill will …

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Possible successor to Kennedy is top pharma lobbyist

A possible candidate for Senator Kennedy’s seat has spent the last ten years building the biggest pharmaceutical lobbying practice in the country. Nick Littlefield is chair of the lobbying group at Boston law firm Foley Hoag, which has raced to the top of the pharma lobbying charts over the last several years. In the first …

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Baucus to tweak health bill based on criticism

Sen. Max Baucus says he will tweak his health care bill to mollify critics. (WSJ) But Sen. John D. Rockefeller takes a stand on making concessions on health reform just to get bipartisan support. (NYT) President Bill Clinton weighs in on health care reform, saying Obama will get the overhaul he wants and may even …

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Featured analyst of the week: Wile E. Coyote

Wile E. Coyote, long the victim of Road Runner’s more agile gait, is the quintessential antihero. He represents the chase: you can plot, plan and hope to catch that bird, but eventually you fall off a cliff and get slammed on the head with an Acme anvil. LittleSis analyst @WileECoyote — who is from the …

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