A most unusual press release arrives promising "The Best Performing Fund in History." Something leveraged and tied to stocks like ProShares Ultra Nasdaq Biotechnology (BIB), up 147% this year? Something ancient like Vanguard Wellington Fund (VWELX)? No -- it's a year-old Bitcoin hedge fund based in Malta. Brokerage Exante Ltd. touts what it says is the 4,847% return of The Bitcoin Fund during 2013.
(Reuters) - UnitedHealth Group dropped thousands of doctors from its networks in recent weeks, leaving many elderly patients unsure whether they need to switch plans to continue seeing their doctors, the Wall Street Journal reported on Friday.
The insurer said in October that underfunding of Medicare Advantage plans for the elderly could not be fully offset by the company's other healthcare business. The company also reported spending more healthcare premiums on medical claims in the third quarter, due mainly to government cuts to payments for Medicare Advantage services.
A new book covering the 2012 presidential campaign uncovers a series of scathing remarks from political figures, but one alleged comment has stirred controversy around President Barack Obama and his administration's use of targeted drone strikes. Mark Halperin and John Heilemann's book Double Down describes President Obama meditating on drone strikes and reportedly telling his aides that he's "really good at killing people."
The National Security Agency advised its officials to cite the 9/11 attacks as justification for its mass surveillance activities, according to a master list of NSA talking points. The document, obtained by Al Jazeera through a Freedom of Information Act request, contains talking points and suggested statements for NSA officials responding to the fallout from media revelations that originated with former NSA contractor Edward Snowden. Invoking the events of 9/11 to justify the controversial NSA programs was the top item on the talking points that agency officials were encouraged to use. Under the subheading "Sound Bites That Resonate," the document suggests the statement "I much prefer to be here today explaining these programs, than explaining another 9/11 event that we were not able to prevent." read more
President Barack Obama has ordered the National Security Agency to stop eavesdropping on the headquarters of the International Monetary Fund and World Bank, according to a U.S. official familiar with the matter. A former U.S. intelligence official noted that insider detail on economic policy developments -- for example, financial crises affecting the economies of Europe -- is the type of critical information U.S. policymakers welcome. The desire for such information could help explain why the NSA collected information on foreign leaders such as German Chancellor Angela Merkel, Reuters reports. U.S. officials have indicated that NSA eavesdropping on allied leaders is likely to be curtailed. read more