Medicare paid almost 4,000 doctors and medical providers more than $1 million apiece in 2012, including seven who received more than $10 million. Eye doctors were among the highest compensated, including one Florida ophthalmologist who received $21 million.
Regulators’ attempts to curb excessive risk-taking in lending may have unintended consequences including restricting access for some borrowers, according to Beth MacLean, manager of a bank-loan portfolio at Pacific Investment Management Co.
Central banks employing forward guidance risk creating financial instability by revising the policy or keeping borrowing costs low for too long, according to economists at the Bank for International Settlements.
The U.S. and China are discussing ways to improve communication between their militaries to avoid potential conflict at a time of heightened tensions in the region, departing U.S. Ambassador to China Gary Locke said.