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Friday, February 14, 2020

Rep. Ayanna Pressley schools on Fed Chair Powell on Civil Rights

Congresswoman Ayanna Pressley (D-Mass.) taught Federal Reserve Chairman Jerome Powell a Civil Rights Movement history lesson on Tuesday.

READ MORE: Ayanna Pressley bumps heads with police union over ‘straight pride’ parade demonstrators

At the end of the House Financial Services Committee meeting, Pressley told Powell that the belief that anyone who wants to work should be able to work goes back to Dr. Martin Luther King, Jr. During the Civil Rights Movement, Dr. King and wife, Coretta Scott King, advocated for full employment policies for all Americans, which has come to be known as a “jobs guarantee,” according to Business Insider.

“In a 1944 address, FDR called for a second Bill of Rights which included the right to a useful and financially rewarding job,” Pressley told Powell. “Justice Thurgood Marshall argued that the Right to a Job is secured by the 14th Amendment. And Dr. Martin Luther King called on the government to guarantee a job to all people who want to work, and are able to work.”

“Dr. King’s legacy is often reduced to just one speech, and the March on Washington often mischaracterized. The March on Washington was actually the March on Washington for Jobs and Freedom. It was a March for Economic Justice,” Pressley said, reported Forbes.

“And I take special claim to the fact that Dr. King and Coretta actually met in Boston. I represent Boston, and I don’t think she gets enough oxygen for the role that she played in the movement,” Pressley continued. “And so, after Dr. King’s assassination, Coretta Scott King picked up the mantle, pushing the Fed to adopt a full employment mandate, and was actually standing behind President (Jimmy) Carter as he signed the Humphrey-Hawkins Act into law. And that’s the reason you are here today.”

READ MORE: Squad breaker, Ayanna Pressley, endorses Elizabeth Warren for President

Powell appeared to look stunned before commenting: “First, thank you for that history, I didn’t know that. So that’s our goal, that’s what we’re working to do at all times,” Powell stated about the notion of full employment. “And we’re never going to say we’ve accomplished that goal, but we’ve certainly made some progress.”

In the words of Biggie Smalls, “and if you don’t know now you know.”

 

The post Rep. Ayanna Pressley schools on Fed Chair Powell on Civil Rights appeared first on TheGrio.



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Reps. Maxine Waters and Joyce Beatty call out U.S. banks for lack of diversity

Congresswoman Maxine Waters (D-CA) and Congresswoman Joyce Beatty (D-OH) released a 56-page report Thursday that found that the financial services industry remains white and male and that banks need to be held accountable for their failure to be inclusive.

READ MORE: Maxine Waters to Mark Zuckerberg: ‘Perhaps you believe you are above the law’

The report entitled “Diversity and Inclusion: Holding America’s Large Banks Accountable” documents the attempts by Waters, chairwoman of the House Financial Services Committee, and Beatty, chairwoman of the Subcommittee on Diversity and Inclusion, to look at the diversity practices of 44 financial institutions. On behalf of the Committee, Waters and Beatty sent requests to the banks asking for their diversity and inclusion data and policies and found the banks to be widely failing to meet their commitments to diversity and inclusion, even though they say otherwise.

“This landmark report marks the first of several deep dives the Committee will take into the diversity practices of financial services industries,” Waters wrote in the report. “I hope that banks and others will pay heed to these recommendations and work to ensure their institutions are as inclusive and diverse as the customers and communities they serve.”

The report follows two Committee hearings last March and April, in which financial services leaders say they believe diverse, inclusive organizations are more profitable and productive. Despite the talk, however, the report found banks had taken little action in terms of diversifying their workforces and leadership, as well as bank boards of directors, suppliers and asset managers.

Further, the report found banks conducted “limited spending and investments with diverse firms.”

One way banks get away with this is by failing to fully disclose their diversity and inclusion data or policies, the report found. Plus, there hasn’t been much pressure by the Office of Minority and Women Inclusion (OMWI), created out of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), to make banks report this data. OMWI allows banks to submit this information voluntarily, according to the report.

Because of this failure to submit diversity and inclusion numbers, Waters and Beatty asked the 44 largest banks and savings and loan holding companies—those that had at least $50 billion in assets or more—to share their diversity data with the Committee. All 44 institutions responded although not all responded fully, according to the report.

READ MORE: Syracuse man who threatened to kill Maxine Waters and President Obama found guilty

Now the congresswomen are asking their colleagues to get tougher on this issue.

To make banks comply with Section 342 of the Dodd-Frank Act and to “increase transparency into banks’ diversity and inclusion results,” the report is asking Congress to consider legislative action to force banks to improve their diversity and inclusion numbers by:

  • Requiring that they share diversity and inclusion data with their regulators and the public;
  • Requiring banks to track and make efforts to increase their spending with diverse firms; and,
  • By requiring banks to publicly disclose the diversity of their boards.

 

The post Reps. Maxine Waters and Joyce Beatty call out U.S. banks for lack of diversity appeared first on TheGrio.



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Medigap vs. Medicare Advantage — Which Plan Is Right For You?

Medigap vs. Medicare Advantage — What Are The Differences?

Medicare offers a variety of options and plans for you to choose from to best fit your healthcare needs.

Original Medicare covers services like hospital visits and outpatient needs, but has certain limitations. If Original Medicare doesn’t cover everything you’re looking for, you can enroll in a Medicare Supplement (Medigap) or Medicare Part C (Medicare Advantage) plan.

  • Medigap plans are best if you’re seeking plan flexibility and control while reducing out-of-pocket costs.
  • Medicare Advantage plans may better suit you if you want an alternative to Original Medicare with additional benefits like prescription drug coverage.

In this article, we’ll go further in-depth on the differences between Medigap and Medicare Advantage to cover:

  1. Original Medicare and the gaps in coverage
  2. Medigap plan options and extra benefits
  3. Medicare Advantage plan options and extra benefits
  4. How to choose the right plan

Review Of Original Medicare

Before we discuss Medigap vs. Medicare Advantage, let’s review Original Medicare and the gaps in coverage. Original Medicare consists of two parts — Part A and Part B.

Medicare Part A

Part A covers inpatient services and procedures like hospital visits, skilled nursing needs, home health, and hospice care. You must pay the Part A deductible before your coverage begins. For 2020, the deductible is $1,408.

You pay the deductible for each “benefit period.” A new benefit period begins when 60 days have passed since you received Part A services. If you go to the hospital twice in one month, that’s only one benefit period. But, if your visits are separated by six months, that’s two benefit periods and two deductibles.

You could pay the Part A deductible several times during the course of one year.

Medicare Part B

Part B covers all your outpatient medical needs. Part B helps with:

  • Doctor’s visits.
  • Therapy visits (physical, occupational, etc.).
  • Durable medical equipment like CPAPs and oxygen.
  • Diagnostic tests like blood work, X-rays, MRIs.
  • Infusion-based cancer treatments like chemotherapy.

Just like with Part A, you will have some out-of-pocket expenses for these services. Costs for Part B come in several forms:

  • Part B deductible ($198 for 2020).
  • Part B coinsurance (20% of the cost for every Part B service or procedure).
  • Part B excess charges (amounts up to 15% of the Medicare-approved amount — this only applies if your doctor or facility doesn’t accept Medicare pricing).

Gaps In Original Medicare Coverage

Important points to always remember about Original Medicare:

  • Prescription drugs are not covered by either Part A or B;
  • There is no out-of-pocket maximum – your total potential costs are uncapped; and
  • Original Medicare does not provide emergency coverage outside the United States.

Medigap Insurance

Medigap plans are a great tool for limiting your out-of-pocket costs with Medicare. These insurance policies, which are issued by private insurance companies, work with Original Medicare.

Medigap plans fill in some or all of the gaps in Original Medicare, hence the name. You will pay an additional premium for Medigap coverage. This premium goes directly to the insurance company.

Medigap policies are issued in standardized “plans.” Every insurance company must offer the coverage specified by Medicare for each plan. There are 10 standardized plans: A, B, C, D, F, G, K, L, M, and N. Not all companies offer every plan in every state. 

Medicare Supplement (Medigap) Plans
A B C D F* G K L M N
Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are used up Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes
Part B coinsurance or copayment Yes Yes Yes Yes Yes Yes 50% 75% Yes Yes
Blood (first 3 pints) Yes Yes Yes Yes Yes Yes 50% 75% Yes Yes
Part A hospice care coinsurance or copayment Yes Yes Yes Yes Yes Yes 50% 75% Yes Yes
Skilled nursing facility care coinsurance No No Yes Yes Yes Yes 50% 75% Yes Yes
Part A deductible No Yes Yes Yes Yes Yes 50% 75% 50% Yes
Part B deductible No No Yes No Yes No No No No No
Part B excess charge No No No No Yes Yes No No No No
Foreign travel exchange (up to plan limits) No No 80% 80% 80% 80% No No 80% 80%
Out-of-pocket limit for 2020*** N/A N/A N/A N/A N/A N/A $5,880 $2,940 N/A N/A

* Plan F also offers a high-deductible plan. If you choose this option, this means you must pay for Medicare-covered costs up to the deductible amount of $2,340 in 2020 before your Medigap plan pays anything.

** After you meet your out-of-pocket yearly limit and your yearly Part B deductible, the Medigap plan pays 100% of covered services for the rest of the calendar year.

*** Plan N pays 100% of the Part B coinsurance except for a copayment of up to $20 for some office visits and up to a $50 copayment for emergency room visits that don’t result in inpatient admission.

Each plan covers a different portion of the gaps in Original Medicare. An important benefit to all the standardized plans is that they allow you to see any doctor in the nation, as long as they take Medicare patients. Several of the standardized plans provide worldwide emergency coverage.

Medigap plans do not provide drug coverage, so you’ll need to enroll in a standalone prescription drug plan if you enroll in Medigap.

Medigap Extra Benefits

Many insurance companies choose to offer extra benefits with their Medigap plans. They are not required to do this and the extra benefits are not guaranteed. However, insurance companies tend to keep the extra benefits in place as a service to their customers.

Some of the extra benefits that companies offer include:

  • Discounts on vision, dental, and hearing services.
  • Healthy living packages including gym membership programs.
  • Access to 24-hour nurse hotlines.

Medicare Advantage Plans

The Medicare Advantage program is also known as Part C of Medicare. Unlike Medigap plans, Medicare Advantage is a distinct alternative to Original Medicare. When you enroll in a Part C plan you are no longer in Original Medicare. Part C not only combines Original Medicare Part A and Part B, but usually includes Part D prescription drug coverage in addition to extras such as hearing, dental, and vision coverage. 

Medicare Advantage plans work like traditional private health insurance. You will generally pay a small copayment or coinsurance for every service or procedure you receive. The payments are usually less than you would pay under Part A or B. Costs you may encounter with Part C plans include:

  • Monthly premium (many have $0 premium).
  • Annual deductible (many have no deductible).
  • Copayments / coinsurance for services and procedures.

Medicare Advantage plans are usually network-based. Some are Health Maintenance Organizations (HMOs), which require you to use their network of doctors and facilities. A HMO plan provides medical coverage and health care from a specific set of doctors, specialists, and hospitals in a plan’s network. If the situation is an emergency, medical care is accessible regardless of the network.

Other plans are Preferred Provider Organizations (PPOs). One of the major benefits of PPOs is that you can receive care without a referral from a primary care physician. PPOs have a network of preferred doctors and facilities. You will pay less if you stay in-network, but you can use out-of-network doctors if you’re willing to pay more.

Many Medicare Advantage plans provide prescription drug coverage, which is a big plus for many people. Medicare Advantage plans must offer a hard yearly out-of-pocket maximum. You will know with certainty the most you can spend in a bad year, unlike with Original Medicare.

Extra Benefits Of Medicare Advantage Plans

Just like Medigap plans, Medicare Advantage plans frequently come with extra benefits. These plans often provide:

  • Vision coverage (for exams, lenses, and sometimes frames).
  • Hearing coverage (for exams, and also discounted hearing aids).
  • Dental coverage (sometimes included, sometimes for a low extra premium).
  • Fitness or gym memberships.

Choosing A Medicare Plan

We’ve looked at options for Medicare coverage and compared Medigap vs. Medicare Advantage plans, but you may still want a few guidelines to help you choose. Here’s a quick way to apply what we’ve covered:

  • Medigap plans likely have a higher monthly premium, but more complete coverage
  • Medigap plans allow you to see any doctor who accepts Medicare patients nationwide
  • Many Medicare Advantage plans also offer prescription drug coverage
  • Medicare Advantage plans are likely to offer more complete extra benefits in the form of vision and hearing coverage.

The bottom line is that if you’re most concerned about out-of-pocket costs, Medigap is probably your best bet. If you’re worried about paying too much each month, then a Medicare Advantage plan probably suits you. Regardless of the decision you make, conducting your own research, recognizing what your needs are, and speaking with a licensed Medicare insurance agent before choosing a Medigap or Medicare Advantage plan will help empower you during the enrollment process. 



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Michael Bloomberg, Geezer Tech Bro 

He may have founded his startup way back in the early 1980s, but he likes to “move fast and break things” too.

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Kesha, Lil Wayne, and Albums That Don't Need a Viral Hit

Great songs gain popularity on social media. Great albums stand on their own.

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This Social Network Wants to Pay You (in Crypto) to Do Good

Block.one raised $4 billion in 2018 by promising to build a decentralized, blockchain-based platform. Now its social network wants to encourage quality posts.

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Mohamed Salah: Liverpool need more information about Olympics, says Jurgen Klopp

Jurgen Klopp says Liverpool need more information before making a decision about Mohamed Salah representing Egypt at the Olympics.

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"Even at my age, I never doubted I'd get married"

Nwobi Nwakota’s wedding pictures went viral on social media in Nigeria.

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6 Best Sound Machines for 2020 (Best White Noise Machines)

Our favorite white noise and sleep sound machines for babies, kids, and adults. Tested by WIRED's Gear team.

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Signal Is Finally Bringing Its Secure Messaging to the Masses

The encryption app is putting a $50 million infusion from WhatsApp cofounder Brian Acton to good use, building out features to help it go mainstream.

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Darpa Cranks Up Antibody Research to Stall Coronavirus

It's not the same as a vaccine. But a shorter-lived antibody treatment may shield health workers and family members during the early days of an outbreak.

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NASA’s Epic Gamble to Get Martian Dirt Back to Earth

The space agency’s round-trip mission to the Red Planet won’t be easy, but Mars Sample Return will answer fundamental questions beyond our terrestrial sphere.

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Locust invasion: UN warns of famine in Ethiopia, Kenya, Uganda, Tanzania and Somalia

The infestation devouring tonnes of crops in the region could create a food crisis, the UN says.

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Going the Distance (and Beyond) to Catch Marathon Cheaters

Derek Murphy investigates runners whose times seem suspicious, which is what brought him to a 70-year-old doctor named Frank Meza.

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Test your knowledge: What Africa exports to the UK

Match top African exports to the UK with the correct country.

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Omar al-Bashir: Will genocide charge against Sudan's ex-president stick?

A lot of work is needed before Sudan's ex-dictator faces an international court, argues Alex de Waal.

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Thursday, February 13, 2020

Hakim Ziyech: The street footballer set to become Chelsea's next big-money signing

From captaining a club in crisis in his early twenties through to shining on Europe's biggest stage, Hakim Ziyech has experienced much on his journey from street footballer to becoming Chelsea's latest signing.

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Low-cost “smart” diaper can notify caregiver when it’s wet

For some infants, a wet diaper is cause for an instant, vociferous demand to be changed, while other babies may be unfazed and happy to haul around the damp cargo for lengthy periods without complaint. But if worn too long, a wet diaper can cause painful rashes, and miserable babies — and parents.

Now MIT researchers have developed a “smart” diaper embedded with a moisture sensor that can alert a caregiver when a diaper is wet. When the sensor detects dampness in the diaper, it sends a signal to a nearby receiver, which in turn can send a notification to a smartphone or computer.

The sensor consists of a passive radio frequency identification (RFID) tag, that is placed below a layer of super absorbent polymer, a type of hydrogel that is typically used in diapers to soak up moisture. When the hydrogel is wet, the material expands and becomes slightly conductive — enough to trigger the RFID tag to send a radio signal to an RFID reader up to 1 meter away.

The researchers say the design is the first demonstration of hydrogel as a functional antenna element for moisture sensing in diapers using RFID. They estimate that the sensor costs less than 2 cents to manufacture, making it a low-cost, disposable alternative to other smart diaper technology.

Over time, smart diapers may help record and identify certain health problems, such as signs of constipation or incontinence. The new sensor may be especially useful for nurses working in neonatal units and caring for multiple babies at a time.

Pankhuri Sen, a research assistant in MIT’s AutoID Laboratory, envisions that the sensor could also be integrated into adult diapers, for patients who might be unaware or too embarrassed to report themselves that a change is needed.

“Diapers are used not just for babies, but for aging populations, or patients who are bedridden and unable to take care of themselves,” Sen says. “It would be convenient in these cases for a caregiver to be notified that a patient, particularly in a multibed hospital, needs changing.”

“This could prevent rashes and some infections like urinary tract infections, in both aging and infant populations,” adds collaborator Sai Nithin R. Kantareddy, a graduate student in MIT’s Department of Mechanical Engineering.

Sen, Kantareddy, and their colleagues at MIT, including Rahul Bhattacharryya and Sanjay Sarma, along with Joshua Siegel at Michigan State University, have published their results today in the journal IEEE Sensors. Sarma is MIT’s vice president  for open learning and the Fred Fort Flowers and Daniel Fort Flowers Professor of Mechanical Engineering.

Sticker sense

Many off-the-shelf diapers incorporate wetness indicators in the form of strips, printed along the outside of a diaper, that change color when wet — a design that usually requires removing multiple layers of clothing to be able to see the actual diaper.

Companies looking into smart diaper technology are considering wetness sensors that are wireless or Bluetooth-enabled, with devices that attach to a diaper’s exterior, along with bulky batteries to power long-range connections to the internet. These sensors are designed to be reusable, requiring a caregiver to remove and clean the sensor before attaching it to each new diaper. Current sensors being explored for smart diapers, Sen estimates, retail for over $40.

RFID tags in contrast are low-cost and disposable, and can be printed in rolls of individual stickers, similar to barcode tags. MIT’s AutoID Laboratory, founded by Sarma, has been at the forefront of RFID tag development, with the goal of using them to connect our physical world with the internet.

A typical RFID tag has two elements: an antenna for backscattering radio frequency signals, and an RFID chip that stores the tag’s information, such as the specific product that the tag is affixed to. RFID tags don’t require batteries; they receive energy in the form of radio waves emitted by an RFID reader. When an RFID tag picks up this energy, its antenna activates the RFID chip, which tweaks the radio waves and sends a signal back to the reader, with its information encoded within the waves. This is how, for instance, products labeled with RFID tags can be identified and tracked.

Sarma’s group has been enabling RFID tags to work not just as wireless trackers, but also as sensors. Most recently, as part of MIT’s Industrial Liason Program, the team started up a collaboration with Softys, a diaper manufacturer based in South America, to see how RFID tags could be configured as low-cost, disposable wetness detectors in diapers. The researchers visited one of the company’s factories to get a sense of the machinery and assembly involved in diaper manufacturing, then came back to MIT to design a RFID sensor that might reasonably be integrated within the diaper manufacturing process.

Tag, you’re it

The design they came up with can be incorporated in the bottom layer of a typical diaper. The sensor itself resembles a bow tie, the middle of which consists of a typical RFID chip connecting the bow tie’s two triangles, each made from the hydrogel super absorbent polymer, or SAP.

Normally, SAP is an insulating material, meaning that it doesn’t conduct current. But when the hydrogel becomes wet, the researchers found that the material properties change and the hydrogel becomes conductive. The conductivity is very weak, but it’s enough to react to any radio signals in the environment, such as those emitted by an RFID reader. This interaction generates a small current that turns on the sensor’s chip, which then acts as a typical RFID tag, tweaking and sending the radio signal back to the reader with information — in this case, that the diaper is wet.

The researchers found that by adding a small amount of copper to the sensor, they could boost the sensor’s conductivity and therefore the range at which the tag can communicate to a reader, reaching more than 1 meter away.

To test the sensor’s performance, they placed a tag within the bottom layers of newborn-sized diapers and wrapped each diaper around a life-sized baby doll, which they filled with saltwater whose conductive properties were similar to human bodily fluids. They placed the dolls at various distances from an RFID reader, at various orientations, such as lying flat versus sitting upright. They found that the particular sensor they designed to fit into newborn-sized diapers was able to activate and communicate to a reader up to 1 meter away when the diaper was fully wet.

Sen envisions that an RFID reader connected to the internet could be placed in a baby’s room to detect wet diapers, at which point it could send a notification to a caregiver’s phone or computer that a change is needed. For geriatric patients who might also benefit from smart diapers, she says small RFID readers may even be attached to assistive devices, such as canes and wheelchairs to pick up a tag’s signals.

This research was supported in part by Softys under the MIT Industry Liason Program.



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The US Hits Huawei With New Charges of Trade Secret Theft

The latest indictment adds racketeering to the list of violations allegedly committed by the Chinese telecom company. 

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Africa's week in pictures: 7-13 February 2020

A selection of the best photos from across the continent and beyond this week.

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