Part of investigation into payments to police.

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8 Arrested In U.K. Phone Hacking

THE OBAMA ADMINISTRATION appears to have found an elegant way out of its contraceptive problem — or, perhaps more to the point, to the political problem created by its approach to contraceptive coverage. As we wrote after the previous policy was announced last month, increased access to contraception is important; requiring contraception as part of the standard health insurance package, without deductibles or co-payments, makes sense. But given the strong objections of the Catholic Church to contraception, it also makes sense to exempt religious employers from having to spend their own money on a service that violates their moral views. The administration recognized the need for such a carve-out, but it erred in drawing it too narrowly, to cover churches but not Catholic hospitals, charities and other such religiously affiliated institutions. Read full article > >

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Editorial Board: President Obama’s win-win reversal on contraception

New regulations are intended to make it easier for retirees to transfer money from their 401(k)s into an annuity that would guarantee payments until they die.

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New Treasury Rules Ease Purchase of Annuity With 401(k)

The head of the Student Loans Company will have tax and National Insurance payments deducted from his £182,000 pay package in future, ministers say.

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Loans boss ‘to pay tax at source’

Harry Redknapp admits lying to a News of the World reporter about cash payments, during his second day on the stand at his tax evasion trial.

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Redknapp admits lying about cash

President Obama on Wednesday made his latest pitch to lift the nation’s beleaguered housing market, unveiling a series of proposals to help struggling borrowers reduce their monthly payments and to stem the continuing slide in real estate prices. Read full article > >

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Obama announces new housing refinance plan

Even as the Office of Personnel Management (OPM) was preparing a strategic plan designed to improve its problem-plagued federal retirement program, the Army was informing its annuitants of yet another setback — delayed interim payments. Read full article > >

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Federal retirees face confusion, possibly payment delay

US banking giant Goldman Sachs cuts its pay and bonus payments by 21% to $12bn in 2011, as profits halve due to economic uncertainty.

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Goldman Sachs cuts pay to $12bn

Must disclose payments from drug companies.

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U.S. to Force Docs to Reveal Lobbying

US web portal Yahoo names Scott Thompson, president of online payments firm Paypal, as its new chief executive.

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Paypal’s Thompson to head Yahoo

The Yahoo board said Scott Thompson, who has been running the online payments unit of eBay since early 2008, would replace Carol Bartz, who was dismissed in September.

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PayPal Executive Named C.E.O. of Yahoo

After all the turbulence of the past year, the solid rallies and breathtaking drops, the U.S. stock market, like any roller coaster, ended back almost precisely where it started. At the end of a quiet trading day Friday, the Standard & Poor’s 500-stock index finished the year unchanged (down 0.003 percent, to be exact). That was after rising on the year as much as 8 percent at one point (late April) and losing 13 percent at another (early October). Actual returns for stock investors were positive, however, once one accounts for dividend payments. Read full article > >

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After wild ride in 2011, stocks back where they started

Won’t charge for single online or phone payments.

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Verizon Drops Payment-Fee Plan

If God is liable to smite anybody around here, it’s me. When it’s smiting time, I duck, because I don’t believe in any religion that requires a building and loan payments. Nevertheless, I’m having a hard time seeing anything wrong with Tim Tebow taking a prayer knee in public . The knee seems a pretty plain and graceful statement, and it’s tiresome to see it so willfully misinterpreted. It’s the preachers from the top of Mount Idiot like Bill Maher who are hard to understand. Read full article > >

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Bill Maher and Tim Tebow: Why are so so many offended by the quarterback’s faith?

Well, it’s true. Verizon has confirmed to us that it’s adding the  $2 convenience fee  for paying your bill online or over the phone, and has posted a blurb in its News Center detailing the options available to someone who wants to avoid it. Obviously many customers use AutoPay, which avoids this hassle entirely, but we’re sure there will be plenty of customers frustrated by the fee when it goes live on January 15th. What’s unclear right now is if this constitutes a change in contract terms, which could potentially allow unsatisfied customers to hop off Verizon without a spendy ETF penalty. We’ve asked Verizon to clarify, and we also asked for some more details on exactly why online and robo-phone payments are more expensive to process than the “free” options they list — you know, the ones where you pay Verizon money, but don’t pay for the privilege. Read full article > >

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Verizon to charge customers $2 when they pay bills online or by phone