Nevada is a magnet for businesses seeking secrecy.
In Nevada, the business of registering businesses is booming and the consultants in this thriving industry, many who are former felons, are aiding companies in seeking to avoid liabilty and disclosure. But many of these consultants are former felons. All of this comes at a time when Washington is calling on other nations to enforce greater transparency of financial flows.
Continue reading… “Nevada’s big bet on ‘shell’ secrecy”
Wave of pension shortfalls threatens to wash over many local governments in the near future.
The nation’s largest municipal pension plans are carrying a total unfunded liability of $574 billion, which comes on top of as much as $3 trillion in unfunded pension promises made by the states, according to a report released Tuesday.
Continue reading… “Growing Wave of Pension Shortfalls Threatens Local Governments”
Admitting mistakes and apologizing may go a long way.
When doctors make mistakes, admitting the error, saying “I’m sorry” and offering compensation may go a long way toward preventing malpractice lawsuits, new research shows.In 2001, University of Michigan Health System launched a program encouraging health workers to report medical mistakes. The program included a procedure for telling patients and their families about errors; explaining who made the error, how it occurred and what steps were taken to prevent a similar mistake in the future; making a sincere apology to the patient or their family; and offering fair compensation for harm when at fault.
Continue reading… “When Doctors Admit Mistakes Rate of Malpractice Suits Drops”