It’s called an “intervention” instead of a “takeover,” and there was lots of talk yesterday about partnership and cooperation. But make no mistake, Gov. Chris Christie and his administration are primed to exercise full control over Camden public schools. Click here to continue reading this story.
AC Revel Inc., owner of the struggling Revel casino in Atlantic City, formally filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court in Camden Monday, as expected. The company filed at 10:20 p.m.
The prepackaged bankruptcy, with terms Revel’s creditors have agreed to, is meant to reduce the casino’s estimated $1.5 billion in debt by about $1 billion and provide it $250 million in debtor-in-possession financing, $42 million of which is new money. The additional financing will provide Revel new working capital, fund certain capital expenditures and pay other expenses related to the financial restructuring. Click here to continue reading this story.
The state has decided not to award special incentives to big manufacturers so they can install large solar projects as a way of lowering their energy costs, a move some lawmakers believe could help retain or attract new businesses to New Jersey. Click here to continue reading this story.
Mental health professionals are raising concerns about a bill that would require them to report to the attorney general any patients they feel are likely to harm themselves or others, allowing authorities to seize firearms from those who are registered gun owners.
The proposed legislation is a possible step that Gov. Chris Christie and the state Senate could take as they mull what to do to address guns in the wake of the Newtown, CT, mass shooting. Click here to continue reading this story.
WASHINGTON — The Supreme Court is scheduled to hear an hourlong argument on Tuesday morning over the constitutionality ofProposition 8, California’s ban on same-sex marriage. Here is a look at the background of the case, Hollingsworth v. Perry, No. 12-144; the issues it raises; the lawyers who will argue it; and the possible outcomes. Click here to continue reading this story.
Under the current system virtually all employers and group insurers have perverse incentives to attract the healthy and avoid the sick. Once people have enrolled, the incentives are to overprovide to the healthy (to encourage them to stay) and underprovide to the sick (to encourage them to leave).
Managed Competition in the Healthcare Exchanges Click here to continue reading this story.
WASHINGTON — Since he resigned as director of the Central Intelligence Agency last November after acknowledging an extramarital affair, David H. Petraeus has all but vanished from the national scene. Click here to continue reading this story.