Must Read Money Stories For Friday, June 19th

by June 19, 2015

Must Read Money Stories logoMedicare fraud takedown. The Department of Justice announced “the largest criminal health care fraud takedown” in its history on Thursday. Reuters reports 243 arrests were made in a nationwide sweep of fraudulent Medicare claims. Doctors and other health care workers in Miami, Tampa, Dallas, Houston, Los Angeles, Detroit, Brooklyn and New Orleans were arrested.

Trade deal gets moving. There was an unexpected turnaround Thursday in President Obama’s plan for a Trans-Pacific Partnership. After initially rejecting the plan, the House changed course yesterday and voted to fast track the plan. The Senate will vote on Tuesday, according to Politico. If it passes, Politico reports it will be the largest free trade agreement in history. Before that happens, look for a last flurry of rhetoric, especially among presidential candidates.

Inside Mexican car plants. The Washington Post has a look at labor conditions inside Mexican auto plants. In recent years, Mexico has risen to the 7th leading nation in worldwide auto production, with billions of dollars in new investment. But as the Post reports, some workers in Mexico are questioning the labor practices at the plants.

Martha moving on. Martha Stewart’s global media empire may have found a buyer. The WSJ reports Martha Stewart Living Omnimedia Inc. is set to be acquired by Sequential Brands Group Inc. Terms were not disclosed. The stock for both companies shot up on the news. But is it really a good thing? The company has never had the same patina it did before Stewart served time in 2004.

Planetary protection. This will help you sleep a little better at night: The New York Times reports agencies within the federal government are going to start working together on plans to stop comets and asteroids from destroying the earth. So, we got that going for us.