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A Congressman is urging Elon Musk to give SpaceX Starshield access to US forces in Taiwan. AdvertisementElon Musk is facing pressure to provide SpaceX's Starshield satellite network to US defense personnel in Taiwan, according to Forbes. However, the outlet described a "group of US lawmakers" were involved in the calls for Musk to provide satellite access to US defense forces in Taiwan. The letter then called on Musk to brief the select panel regarding Starshield's capabilities in Taiwan by March 8, Forbes reported. The request could present challenges for Musk, who has considerable business ties in China, where Tesla has a significant manufacturing presence.
Persons: Elon Musk, Forbes, , Elon, Mike Gallagher, Musk, Gallagher, Taiwan's, Lai Ching, Tesla, hasn't, Joseph Wu Organizations: SpaceX, Service, Forbes ., Forbes . Wisconsin GOP, US Defense Department, Forbes, Street, Chinese Communist Party, New York Times, United States Congress, Times, Business Locations: Taiwan, China, Forbes, Forbes . Wisconsin, Russian, Starshield, Hong Kong
Historical epic "Oppenheimer" picked up more prizes on Saturday at Hollywood's Screen Actors Guild (SAG) Awards, bolstering the movie's chances to score the best picture trophy at next month's Oscars. Cillian Murphy, who played scientist J. Robert Oppenheimer, won best movie actor, and co-star Robert Downey Jr. best supporting actor. HBO's "Succession" secured best TV drama cast for its final season about the battle for control of a family's media dynasty. Elizabeth Debicki, who played Princess Diana in Netflix series "The Crown," won best TV drama actress. "The Last of Us" star Pedro Pascal was named best actor in a TV drama and appeared stunned when he walked on stage.
Persons: Oppenheimer, Cillian Murphy, J, Robert Oppenheimer, Robert Downey Jr, Murphy, Christopher Nolan's, Lily Gladstone, Gladstone, Da'Vine Joy Randolph, Randolph, AFTRA, Idris Elba, Jeremy Allen White, White, Elizabeth Debicki, Diana, Pedro Pascal, Pascal, Barbra Streisand Organizations: Guild, SAG, Academy, Golden Globes, British Academy, Producers Guild of America, Osage, Netflix, Hollywood Locations: Los Angeles, Oklahoma
But the double whammy of housing plus childcare costs doesn't hit all parents — just parents of very young kids. However, after-school programs or an afternoon babysitter are typically a fraction of the cost of full-time day care.) I propose we call them: DIPS, or Double Income, Public School. For example, Massachusetts has the highest average childcare costs, where day care for an infant is $24,472. I'm stuck in between — one kid in public school and a younger one still in day care.
Persons: , Alcynna Lloyd, Lloyd, Zillow, it's, I'm, Rich, Stanley, you'll, they'll, POLK Organizations: Service, Business, Public School, Kids, Nationwide Locations: Los Angeles, San Diego, California, Massachusetts, Iowa, In Massachusetts
Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. CNN —In travel news this week: trending flight routes around the world, the latest on Qantas’ record-breaking Project Sunrise, plus the Americans leaving the States behind for new lives overseas. She’s one of a number of influencers who’s struck a chord with people who love the fairytale fantasy of starting over with a new, better life. However, for the brave souls who take the plunge, things don’t always run smoothly or according to plan. But right now Death Valley National Park – the driest place in the country – is offering visitors a rare kayaking opportunity in a temporary lake in Badwater Basin.
Persons: , , Kacie Rose Burns, who’s, skywatchers, you’re, Olivia, Noah, ” Expedia, there’s, There’s, Malcolm Park Organizations: CNN, Qantas, Expedia Group, Chicago, , Alaska Airlines, Ski Locations: America, United States, Italy, Chicago, Bahamas, North Carolina, Tennessee, Badwater Basin, North America, Los Angeles, Tokyo, Asia, Perth, Bali, Tampa, Toronto, Nevada, Australia, Sydney, New York, London, Montchavin, France
Berkshire Hathaway, the conglomerate run for decades by Warren E. Buffett, recorded its highest-ever annual profit last year. But its chief executive found reason to blame government regulation for hurting the results of some of its biggest businesses. In his letter to investors that traditionally accompanies the annual report, Mr. Buffett also paid tribute to Charlie Munger, his longtime lieutenant and Berkshire’s vice chairman until his death in November at age 99. Berkshire also reported $37.4 billion in operating earnings, the financial metric that Mr. Buffett prefers because it excludes paper investment gains and losses, for the year, up 21 percent from 2022. (Investors often see Berkshire as a bellwether of the American economy, given the breadth of its business.)
Persons: Berkshire Hathaway, Warren E, Buffett, Charlie Munger, Brooks Organizations: BNSF Locations: Berkshire
Opinion: Why Iran hates America
  + stars: | 2024-02-24 | by ( Fareed Zakaria | )   time to read: +7 min
Iran, and particularly its hostile relationship with the US, is firmly at the center. The story is more complicated than that, as I lay out in my CNN special report “Why Iran Hates America,” airing Sunday at 8 p.m. and 11 p.m. But suffice it to say that America’s relationship with Iran has been hostile and confrontational for more than four decades. Washington has viewed the fall of the Shah’s Iran as a deep betrayal from which it has never really recovered. As Iranian Foreign Minister Javad Zarif pointed out to me, the Iran nuclear deal was premised not on trust but on mistrust.
Persons: Fareed Zakaria, Fareed, Read, CNNi, Yemen’s Houthis, jihadism, Majid Saeedi, Iran’s, Shah, Jimmy Carter, It’s, Ronald Reagan, George W, Bush, Barack Obama, Hassan Rouhani, Javad Zarif, premised, Donald Trump, Rouhani Organizations: CNN, Fareed’s, Sunday, US, Iranian, Washington Locations: Iran, Israel, Gaza, An Iran, Jordan, Washington, Tehran, Britain, Iraq, Afghanistan, Libya, , Moscow, Roman, America, United States
Throughout his 2024 bid, Mr. Trump has portrayed the United States under the Biden administration as a nation in steep decline. First, he will conjure a dark vision of what he sees as the future under Mr. Biden. Mr. Biden has frequently argued that he has been a better steward of the economy than Mr. Trump, whom he portrays as having undercut working-class Americans. Under Mr. Biden, the economy grew 3.1 percent from the end of 2022 to the end of 2023. But Mr. Trump has backed off those promises in the face of polls showing that non-Republican voters are concerned that he poses a threat to democracy.
Persons: Donald J, Biden, Trump, ” Mr, Bidenomics, MAGAnomics, Trump’s, Mr, Nikki Haley, , Organizations: Republican, Trump, Conservative Political, Conference, The New York Times, Mr, Justice Department Locations: South Carolina, Washington, United States, CPAC
Warren Buffett hailed Charlie Munger as the "architect" of Berkshire Hathaway in his annual letter. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWarren Buffett paid tribute to Charlie Munger, touted four of Berkshire Hathaway's biggest bets, and voiced frustration in his annual letter to shareholders published on Saturday. He shaped Berkshire into a world-beating conglomerate and helped Buffett evolve from bargain hunting to buying businesses at fair prices.
Persons: Warren Buffett, Charlie Munger, Berkshire Hathaway, Buffett, , Charlie, he's, Munger, Ajit Jain, Greg Abel, Bertie Organizations: Service, Berkshire, American Express, Occidental Petroleum Locations: Berkshire, Omaha , Nebraska, Munger, United States, Omaha
The United States and Britain carried out another round of large-scale military strikes Saturday against multiple sites in Yemen controlled by Houthi militants, U.S. officials said. The strikes were intended to degrade the Iran-backed militants’ ability to attack ships in sea lanes that are critical for global trade, a campaign they have carried out for almost four months. American and British warplanes hit missile systems and launchers and other targets, the officials said. Australia, Bahrain, Canada, Denmark, the Netherlands and New Zealand provided support for the operation, according to a joint statement from the countries involved that was emailed to reporters by the Defense Department. The strikes, which the statement called “necessary and proportionate,” hit 18 targets across eight locations in Yemen associated with Houthi underground weapons storage facilities, missile storage facilities, one-way attack unmanned aerial systems, air defense systems, radars and a helicopter.
Persons: Organizations: Houthi, British, Defense Department Locations: States, Britain, Yemen, Iran, Australia, Bahrain, Canada, Denmark, Netherlands, New Zealand
Warren Buffett and Charlie Munger at press conference during the Berkshire Hathaway Shareholders Meeting in Omaha, Nebraska, April 30, 2022. Berkshire Hathaway 's Warren Buffett said his sprawling conglomerate may only slightly outperform the average American company due to its sheer size and the lack of buying opportunities that could make an impact. The 93-year-old Buffett said Berkshire's group of diversified, quality businesses should provide "slightly better" performance than the average U.S. company, but anything more than that is unlikely. 'With our present mix of businesses, Berkshire should do a bit better than the average American corporation and, more important, should also operate with materially less risk of permanent loss of capital," Buffett said. "Anything beyond 'slightly better,' though, is wishful thinking."
Persons: Warren Buffett, Charlie Munger, Berkshire Hathaway, Apple —, Buffett, Organizations: Berkshire, BNSF Railway, Apple, Oracle, Occidental Petroleum, Berkshire ., Mitsubishi, Mitsui, Sumitomo Locations: Omaha , Nebraska, Omaha, Dairy, Berkshire, Alleghany, U.S
SAG Awards 2024: Winners list
  + stars: | 2024-02-24 | by ( Alli Rosenbloom | Lisa Respers France | )   time to read: +7 min
Saturday night’s winners were familiar to those who have been following awards season, as actors from “The Bear,” “Oppenheimer” and “Beef” took home statuettes as expected. Alan Ruck, center, and the cast of "Succession" photographed during the 30th Screen Actors Guild Awards in Shrine Auditorium and Expo Hall in Los Angeles on Saturday, Feb. 24. The cast of “Succession” led the nominations among the television categories with five – nabbing the top honor for best ensemble. “Oppenheimer” reigned victorious with three of those awards, while “Barbie” was shut out. This is the first SAG Awards since last year’s prolonged actors’ strike in Hollywood – a fact that was brought up several times throughout the evening – and is also the last major entertainment awards event before next month’s Oscars ceremony.
Persons: ” “ Oppenheimer, , Lily Gladstone, Da’Vine Joy Randolph, , Idris Elba, Billie Eilish, Jessica Chastain, America Ferrera, Robert Downey Jr, Fran Drescher, Jennifer Aniston, Barbra Streisand, ” Bradley Cooper, Alan Ruck, Robert Gauthier, Streisand, Wears, Meryl Streep, Anne Hathaway, Emily Blunt –, Jeff Goldblum, Geena Davis, David Cronenberg, “ Barbie ”, “ Oppenheimer ”, , Bradley Cooper, “ Maestro ” Colman Domingo, “ Rustin ” Paul Giamatti, ” Cillian Murphy, “ Oppenheimer, Jeffrey Wright, Annette Bening, Carey Mulligan, “ Maestro ” Margot Robbie, “ Barbie, Emma Stone, Cillian Murphy, Oppenheimer, Matt Winkelmeyer, Sterling K, Brown, ” Willem Dafoe, Robert De Niro, Ryan Gosling, Emily Blunt, Danielle Brooks, Penélope Cruz, “ Ferrari, Jodie Foster, Matt Bomer, Jon Hamm, David Oyelowo, Bass Reeves, Tony Shalhoub, Mr, Monk’s, Steven Yeun, Painkiller ” Kathryn Hahn, Brie Larson, Bel, Ali Wong, Brian Cox, Billy Crudup, Kieran Culkin, Matthew Macfadyen, Pedro Pascal, Elizabeth Debicki, Bella Ramsey, Keri Russell, Sarah Snook, Brett Goldstein, “ Ted Lasso, Bill Hader, “ Barry ” Ebon Moss, Bachrach, Jason Sudeikis, Jeremy Allen White, Alex Borstein, Maisel, Rachel Brosnahan, Maisel ” Quinta Brunson, “ Abbott, Hannah Waddingham, “ Ted Lasso ” Ayo Edebiri, Frazer Harrison, Abbott, ” “ Barry ”, Ted Lasso ”, Indiana Jones, John Wick Organizations: CNN, Actors Guild, Auditorium, Netflix, SAG, Los Angeles Times, Jewish, , Getty, Guardians Locations: Los Angeles, , America, Brooklyn, Europe, Hollywood
Ukrainian forces are deploying locally made armored vehicles modeled after US military versions. Analogs of US Humvee, MaxxPro, and M113 have been built, say reports. A soldier said when he first sat in a Ukrainian Humvee, he couldn't tell the difference from a US import. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAnalogs of US Humvee, MaxxPro, and M113 are being deployed into battle against Russian forces by Kyiv, the Ukrainian outlet OBOZ.UA reports.
Persons: Organizations: Service, Russian, Security and Defense Forces, Business Locations: Ukrainian, Kyiv
The Biden administration’s reversal of Trump-era policy on settlements in the occupied West Bank reflects not just its rising frustration with Israel, but the political bind the president finds himself in, just days before the Democratic primary in Michigan, where a large Arab American population is urging voters to register their anger by voting “uncommitted.”During a trip to Argentina on Friday, Secretary of State Antony J. Blinken called any new settlements “inconsistent with international law,” a break with policy set under the Trump administration and a return to the decades-long U.S. position. The Biden administration is increasingly fed up with the Israeli government’s conduct in the Gaza war and beyond, with officials speaking out more publicly on contentious issues, said Nimrod Novik, a fellow at the Israel Policy Forum think tank. As an example, he cited a U.S. decision to slap financial sanctions on four Israelis — three of them settlers — accused of attacking Palestinians in the West Bank at a time when settler violence against Palestinians has increased. Yet, Mr. Novik called Mr. Blinken’s remarks “too little, too late,” adding that the administration’s moves “in practice, are disjointed. The message is there, but it’s a tactical statement where the overall strategy is unclear.”
Persons: Trump, , Antony J, Blinken, , Biden, Nimrod Novik, , Novik, Blinken’s Organizations: Biden, Bank, Democratic, Israel, Forum, West Bank Locations: Israel, Michigan, Argentina, Gaza
United Airlines , American Airlines and JetBlue Airways are among the carriers that have raised the price to check bags this year. Earlier this week, American Airlines raised its checked bag fees for the first time in more than five years and adopted the two-tiered strategy that United, JetBlue and several budget airlines already have. American Airlines previously charged $30 for either service. Why are airlines raising baggage fees? Airlines have argued that higher costs such as labor and fuel, their biggest expenses, mean they had to raise bag fees.
Persons: Scott Olson, Barry Biffle, Biffle Organizations: O'Hare International, Getty, Getty Images Airlines, United Airlines, American Airlines, JetBlue Airways, United, JetBlue, CNBC, Frontier, Transportation, Airlines Locations: Chicago, North America
Two years after Russia’s invasion of Ukraine, the United States has the capacity to keep Kyiv supplied with the weapons, technology and intelligence to fend off a takeover by Moscow. But Washington is now perceived around Europe to have lost its will. That is the essence of the conundrum facing Ukraine and the NATO allies on the dismal second anniversary of the war. The sanctions that were supposed to bring Russia’s economy to its knees — “the ruble almost is immediately reduced to rubble,” President Biden declared in Warsaw in March 2022 — have lost their sting. Income from oil exports is greater than it was before the invasion.
Persons: Russia’s, Biden, Organizations: Kyiv, NATO Locations: Ukraine, United States, Moscow, Washington, Europe, Warsaw, Russian
That's the message billionaire Peter Thiel is sending as he extends a fellowship program that offers $100,000 to students willing to skip college and develop a company instead. The PayPal founder started the program in 2010 with an initial group of 24 young people. Thiel has said he originally started the venture to prove that the American college system is not for everyone. Thiel told the Journal he decided to extend the program in part because he thinks American universities are now overly "woke," inspiring him to encourage young people to steer clear. "Our view is it's still an outside game, getting people out," Thiel told the outlet.
Persons: Peter Thiel, Thiel, That's, Larry Summers, Vivek Wadhwa, Wadhwa Organizations: PayPal, American, Stanford University, Harvard, Tech, Washington Post, Ivy
Opinion | Sex and the Capital City
  + stars: | 2024-02-24 | by ( Maureen Dowd | )   time to read: 1 min
“The Golden Bachelor” showed that sex is not just for spring chickens. Hearing aids and making out in a hot tub can go blissfully together. Now comes the Golden President. Even though fretful questions about his age have engulfed Joe Biden’s campaign, one thing is clear: His romance with Jill is still crackling. At a party at his house at the Naval Observatory when he was vice president, he told me about the frisson of watching his wife come down the stairs, dressed up for a special occasion.
Persons: , Joe Biden’s, Jill Organizations: Naval Observatory
Opinion | Should We Fear the Woke A.I.?
  + stars: | 2024-02-24 | by ( Ross Douthat | )   time to read: +1 min
Imagine a short story from the golden age of science fiction, something that would appear in a pulp magazine in 1956. With some kind of reveal, no doubt, of a secret agenda lurking behind the promise of all-encompassing knowledge. For instance, maybe there’s a Truth Engine 2.0, smarter and more creative, that everyone can’t wait to get their hands on. And then a band of dissidents discover that version 2.0 is fanatical and mad, that the Engine has just been preparing humans for totalitarian brainwashing or involuntary extinction. This flight of fancy is inspired by our society’s own version of the Truth Engine, the oracle of Google, which recently debuted Gemini, the latest entrant in the great artificial intelligence race.
Organizations: Google Locations: Bolivia, Germany
But Howard Buffett, the elder son of Warren, the billionaire investor and Berkshire Hathaway CEO, has no intention of foresaking Ukraine or its President Volodymyr Zelenskyy. And it's going to be one of the biggest mistakes that the United States makes historically if we don't continue to support Ukraine. The UK has contributed $620 million and the Netherlands has provided $780 million, per the Kiel Institute's Ukraine Support tracker. But Howard Buffett has lent his voice to political advocacy, speaking out to support Ukraine and advocating for increased international support and military aid to the war-torn country. Howard Buffett in Ukraine.
Persons: , Russia's, Howard Buffett, Warren, Volodymyr Zelenskyy, Buffett, Buffett's Howard G, He's, he's, Warren Buffett's, Warren Buffett, Ukraine's, Zelenskyy, it's, Howard Buffet, Paula Bronstein, Buffett's, Putin, Howard G, Oleksandr Prokudin, Buffett Foundation Howard Buffett, Theron Mohamed Organizations: Service, Republican Party, Business, Berkshire Hathaway, Buffett Foundation, AP, NATO, Kherson, Zelenskyy Locations: Ukraine, Russia, Avdiivka, United States, Zelenskyy, Kyiv, Netherlands, Kiel, America, Zolota Nyva, Donetsk district, Europe, Kherson, Macon County , Illinois
Wall Street returned to its winning ways this week — and Nvidia 's blowout earnings report Wednesday night was a big reason why. Twenty-six of our 32 portfolio stocks have delivered their results this earnings season (we didn't own Abbott Labs at the time of its report). It was a muted week for macroeconomic data, but we did get a slightly better-than-expected January existing home sales report on Thursday. In the week ahead, two more Club names are set to report earnings before a market-moving economic update arrives Thursday morning. The two other reports of note are the January new home sales report on Monday and ISM Manufacturing report on Friday.
Persons: Dow, we'll, bode, We're, Li Auto, Krystal, Arcutis, MARA, Iovance, Goldman Sachs BDC, CRON, BUD, Papa, LEV, Ginkgo, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nvidia, Nasdaq, Dow Jones, Dow, Palo Alto Networks, Bausch Health, Coterra Energy, Abbott, Companies, TJX, Marshalls, TJX Companies, Berkshire Hathaway, Krystal Biotech, Alpha Metallurgical Resources , Inc, Fidelity National Information Services Inc, Animal Health, ELAN, Public Service Enterprise Group, Surgery Partners, BioCryst Pharmaceuticals Inc, Outdoor Holdings, Enlight Renewable Energy Ltd, Kosmos Energy, Playtika, Video Communications, TiRobot Corp, IRB, SBAC Communications Corporation, HEICO Corporation, FS KKR, Archer Aviation Inc, TransMedics, Sterling Construction Company, AES, Cruise Line Holdings, Lowe's Companies, American Electric Power Company, Bank of Nova, APLS Pharmaceuticals, Bank of Montreal, BMO, Devon Energy, Solar Inc, Technologies, Lab, Virgin Galactic Holdings, Splunk Inc, eBay, EBAY, Luminar Technologies, Agilent Technologies, G Foods, Masimo Corp, Baidu, Parts Inc, Icahn Enterprises, Viatris Inc, ACM Research, Golden Ocean Group, EMCOR, Industries, NRG Energy, Dycom, Editas, UWM Holdings Corporation, Vistra Energy, Marathon Digital Holdings, AMC Entertainment Holdings, Paramount Global, IonQ Inc, International, HP, Monster Beverage Corporation, Cronos, Birkenstock Holding, Anheuser, Busch InBev, Body, Brink's Company, Flags Inc, Papa John's, ACI, Hormel, Lion Electric Company, BlackRock TCP, Dole plc, DOLE, Fisker Inc, Dell Technologies, Ginkgo Bioworks Holdings, Autodesk, Green Brick Partners, Hewlett Packard Enterprise, Veeva Systems, INTTEST Corporation, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: New York City, U.S, Salesforce, Maxx, Bank of Nova Scotia, BlackRock, Cayman
Today, I'm the owner of a barber shop and the founder of the Washington Barber College. Courtesy of Story SyndicateI took $500 from the check and put it down on a rental space for a barber shop. I later purchased another barber shop, and with the profits from that business, bought an additional shop that was going out of business. AdvertisementThe People Trust Community Loan Fund. We would also pick up homeless individuals and bring them to the barber shop to provide haircuts.
Persons: Arlo Washington, , Oscar, Barber, it's, Syndicate I'm, we've, We've, Mr, We're, Little, I've, It's Organizations: Service, Washington, Washington Barber College, Syndicate, People Trust Loan Fund, People Trust, Federal Credit Union, University of Arkansas, Little, Trust Community Loan Fund, Winthrop Rockefeller Foundation, The Treasury Department, Trust Loan, People Trust Loan, Depository Institution Locations: Little Rock , Arkansas, Local, Washington, Arkansas, Little, Central Arkansas, Little Rock, Rock, Wrightsville , Arkansas
When it comes to parenting in France, there are a lot of things that my American soul will never quite understand. Parenting and cultural traditions look different all around the world, but since I've moved to France, I've noticed the differences between French and American traditions, especially now that I am a mother. Here are the differences between French and American parenting I've noticed and why I'm doing things the way I'm used to. Young French children will frequently be zipping around on a scooter or small bike without pedals. And although I am surrounded by many French parents who disagree with the way I do things, I have learned to accept that it is OK to be different.
Persons: I've, I'm, he's, Young Locations: France, Paris, States
The recent surge of migrants has put major cities across the U.S. under significant financial pressure. But experts say more federal assistance and funding are necessary to ensure that cities can survive the ongoing crisis. For instance, the $145 million allocated to New York City is less than 10% of what the city spent on migrant services in fiscal 2023, according to the Migration Policy Institute, a nonpartisan think tank. "These are complicated issues to manage, so the city, the state and the federal government, frankly, were not prepared for it." Watch the video above to see just how much financial pressure cities across the U.S. are facing due to the ongoing migrant crisis.
Persons: Biden, Simon Hankinson, Debu Gandhi, Muzaffar Chishti Organizations: The Heritage Foundation, The Center, American Progress, FEMA, Migration Policy Institute Locations: New York, Denver, Chicago, Washington ,, New York City, U.S
Warren Buffett's Berkshire Hathaway is ramping up buying in a secret stock that could be in the banking sector. If Berkshire's latest earnings report is any indication, the new stock could be in the financial sector. That's larger than the $1.213 billion increase in the third quarter, indicating Berkshire accelerated buying in whatever position it's building. Apple , which is the Oracle of Omaha's biggest holding, amounted to a $174.3 billion stake at the end of December, up $55.3 billion from $119 billion in 2022. Berkshire's American Express stake rose to $28.4 billion in December from $22.4 billion in the year-ago period.
Persons: Warren, Berkshire Hathaway, , Alex Crippen Organizations: Apple, Omaha's, Chevron, Berkshire's American, Bank of America Locations: Omaha, Berkshire, Chevron
Appointment cancellations and financial distress have become a constant at Bethesda Pediatrics, a nonprofit medical clinic in East Texas that is heavily dependent on Medicaid, the health insurance program for the poor. On a recent Monday, the mother of a toddler who had a primary care appointment broke down in tears after learning the child had just lost Medicaid coverage, wondering how she could pay the bill. Another mother told Dr. Danny Price, the clinic’s lead pediatrician, that she was afraid to get her child a flu shot because of the $8 fee she would have to pay now that the child had been dropped from Medicaid. A child with depression did not show up, most likely, Dr. Price presumed, because of having lost Medicaid coverage. The loss of coverage has not only affected families, but is also threatening the financial stability of vital components of the American safety net.
Persons: Danny Price, Price, , Kyu Rhee Organizations: Bethesda Pediatrics, Medicaid, National Association of Community Health Centers Locations: East Texas, Tyler , Texas, United States
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