Hubbard Radio Washington DC, LLC. All rights reserved. This website is not intended for users located within the European Economic Area.
On Air: Federal News Network
Business News
After going missing nearly 80 years ago, a baroque landscape painting was returned to Germany on Thursday. The FBI handed over the artwork by 18th century Austrian artist Johann Franz Nepomuk Lauterer to a German museum representative in a brief ceremony at the German Consulate in Chicago, where the pastoral piece picturing an Italian countryside sat on display. It surfaced after a person in Chicago contacted Art Recovery International last year claiming to possess a “stolen or looted painting” that their uncle brought back to the U.S. after serving in World War II. The German museum curator says “This is actually a very rare moment for us."
October 20, 2023A new documentary “Uncharitable,” from “Paris Trout” and “Losing Isaiah” director Stephen Gyllenhaal, puts the long-running debate in the nonprofit sector over the role of overhead back in the spotlight. It tells the story of longtime advocate Dan Pallotta, who pioneered the idea of fundraising through bike rides and road races initially to raise money for AIDS and cancer research. Pallotta has long argued that nonprofits are unfairly pressured to cut salaries, lower operating costs and delay long term investments, which all degrade organizations’ abilities to accomplish their missions. For almost twenty years, researchers and nonprofits have warned about the negative consequences of starving nonprofits of general operating expenses, also known as overhead.
October 20, 2023- Affordable Care Act provisions codified under Michigan law by Gov. Whitmer as a hedge against repeal
Federal law that prohibits insurers from denying healthcare based on preexisting conditions, or kicking dependents off their parent’s coverage until age 26 is now codified separately into Michigan law. Democratic Gov. Gretchen Whitmer signed legislation Thursday, essentially codifying the Affordable Care Act into state law. Like the so-called Obamacare law, it prohibits insurers from denying or limiting coverage based on preexisting conditions, gender identity or sexual orientation. It also protects a range of no-cost preventive services. Whitmer said earlier this year that it was necessary to further protect health insurance policies after recent Supreme Court rulings. The Affordable Care Act is under continued litigation in federal court.
October 20, 2023 Scientists from the U.N. nuclear agency have watched Japanese lab workers prepare samples of fish collected at a seafood market near the Fukushima nuclear plant to test the safety of treated radioactive wastewater released from the damaged plant into the sea. The discharge of wastewater began on Aug. 24 and is expected to continue for decades. It has been strongly opposed by fishing groups and neighboring countries, including China and Russia, which have banned all imports of Japanese seafood. Japan’s government and the plant operator say the wastewater produced by the damaged plant is treated to reduce radioactivity to safe levels, and then diluted with massive amounts of seawater to make it much safer than international standards.
October 20, 2023Officials say two hospitals in New York have been hit with a cyberattack and are diverting patients to other facilities. The cyberattack affected computer systems at HealthAlliance Hospital in Kingston along with Margaretville Hospital and Mountainside Residential Care Center, all part of the Westchester Medical Center Health Network. The health care network plans to shut down IT systems at the three facilities starting at 10 p.m. Friday to address the threat. Officials say ambulances are being diverted from HealthAlliance Hospital as a precaution and some current patients have been discharged to other facilities. The cyberattack is being investigated by local law enforcement authorities along with the FBI and a cybersecurity firm.
October 20, 2023The European Commission says it's discussing with Bulgaria its introduction of a fee on Russian gas transits, a measure that has angered EU co-member Hungary as well as Serbia — both recipients of Russian gas. Bulgaria last week introduced the new energy tax on Russian natural gas transfers through its territory. Bulgaria believes it will reduce the privileged position of Russia’s state-owned energy company Gazprom in southeastern Europe and deter Russian influence in the region in general. The new tax of 10 euros per megawatt-hour on the Russian gas transfers was introduced along with a special Bulgarian law on implementing sanctions against Russia due to its invasion of Ukraine.
October 20, 2023CVS Health is pulling from its drugstore shelves some cough-and-cold treatments that contain an ingredient that has been deemed ineffective by doctors and researchers. The company said it will remove a small number of products that contain phenylephrine as the only active ingredient. CVS also said it will still sell “many other oral cough and cold products to meet consumer needs.” A company spokeswoman declined to elaborate on how many products will be removed. CVS Health runs more than 9,000 stores. Representatives of its national rival, Walgreens, did not immediately respond to a request for comment from The Associated Press.
October 20, 2023Manchester United manager Erik ten Hag is doing his best to keep his focus on the field and out of the boardroom with the ownership of the club up in the air and the team struggling early in the Premier League season. But ignoring the noise surrounding United’s potential sale isn’t easy with British billionaire Jim Ratcliffe looking to become a minority shareholder. The Ineos owner could also take control of United’s soccer operations if his bid is successful. Ten Hag says “I’m not involved in this. Others in the club are dealing with this.”
October 20, 2023Chancellor Olaf Scholz says Germany needs to start deporting “on a large scale” migrants who don’t have the right to stay in the country, adding to increasingly tough talk on migration since his coalition performed badly in two state elections earlier this month. Scholz’s comments were published Friday, as a leading German opposition figure called for the center-left chancellor to dump his quarrelsome coalition partners and instead form a government with conservatives to deal with migration issues. Scholz has signaled an increased desire to take personal charge of migration over the past two weeks, following a pair of regional elections in which voters punished his three-party coalition.
October 20, 2023Despite a housing slump going back more than a year, soaring home prices in recent years and a stubborn shortage of properties on the market are helping to drive solid profit gains for sellers. The profit margin on median-priced single-family homes and condos nationally soared to 59% in the July-September quarter, according to a report Thursday by real estate information provider Attom. The median U.S. home sale gross profit rose year over year in the third quarter by 3.2% to $129,900, Attom found.
October 20, 2023Oct. 13-19, 2023 Protests in Turkey erupt and people pray at a mosque in Greece as the Israel-Hamas war progresses. People vote in Poland’s general election. Portugal soccer great Cristiano Ronaldo celebrates as his national…
October 20, 2023Australian miner Lynas Rare Earths says it will temporarily shut down most of its operations in Malaysia for upgrades while dealing with a legal battle with the Malaysian government over its operating license. Lynas said Friday a court is set to hear in November its application for a stay to allow it to operate its refinery without restriction while other administrative and legal appeals are being heard. Lynas has been operating its Malaysian refinery, the first outside China producing minerals crucial to high-tech manufacturing, since 2012. But it has been locked in a battle with the government over concerns about radiation from waste accumulating at its plant.
October 20, 2023Asian shares have retreated as the prospect of a 5% yield on the 10-year U.S. Treasury for the first time since 2007 added to pressure on Wall Street. U.S. futures fell while oil prices were higher. On Thursday, the S&P 500 lost 0.8% following a mixed set of profit reports from Tesla, Netflix and other influential companies The Dow Jones Industrial Average fell 0.8% and the Nasdaq composite dropped 1%. Stocks felt pressure from the bond market, where rapidly rising yields have been squeezing Wall Street since the summer. The yield on the 10-year Treasury touched 4.99% before paring its gain.
October 20, 2023CSX reported a 24% drop in the railroad's third-quarter profit Thursday as it hauled 2% less freight. The railroad said it earned $846 million, or 42 cents per share in the quarter. That was just short of what Wall Street expected. The railroad's results showed mixed demand across the various industries it serves. A strong 19% jump in auto shipments and 9% growth in coal wasn't enough to offset weak demand for imported consumer products and agricultural shipments. CSX said its average train speed hit 17.6 mph in the quarter to show that its network is running smoothly.
October 19, 2023
