February 02, 2005

50% of all U.S. bankruptcies are caused by soaring medical bills and most people sent into debt by illness are middle-class workers with health insurance. A study, published in the journal Health Affairs, estimated that medical bankruptcies affect about 2 million Americans every year, including about 700,000 children.

Fed Chairman Alan Greenspan raised the benchmark federal funds rate 1/4 point to 2.5%. That's its highest level since September 2001, but still low by historical standards.

According to an ABC News/Washington Post poll, 50% of Americans approve of Bush's performance as president and 45% don't. Bush's rating has been quite stable, ranging between 47% and 52% approval in 15 ABC News/Washington Post polls since last February.

Google quarterly earnings were 7 times higher than a year earlier on revenue that doubled to more than $1 billion. The company's stock price jumped almost 10% to a record high.

Israeli Prime Minister Ariel Sharon will meet Palestinian President Mahmoud Abbas in Egypt next week, in the first highest-level summit between the sides in 4 years.

Posted @ 2:50 PM | Link

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