Published: Wed, 14 Jan 2009
Description: Top stories from the Boston Globe for Jan 14, 2009
Automatically Generated Transcript (may not be 100% accurate)
" Thank you for downloading today's podcast from the newsroom of the Boston global. Here's a look at today's top stories."
" Hello it's Wednesday January 14. And -- way. Thousands of bay state seniors are finding -- that co payments say oh when buying prescription medicines have suddenly soared. Globe reporter Taylor Aznar says -- eye popping increases in some cases more than triple the previous Coke paid do. Are the result of a cutback in a state funded insurance program. Known as prescription advantage. Governor Deval Patrick slashed the program by eleven million dollars last fall. In the first round of drastic budget changes the state was forced to make. To cope with plummeting tax revenues as the recession -- called. That changed cocaine made -- considerable help to state coffers because the increase for some elderly patients is catastrophic. One man interviewed said the amount due for four of his wife's prescriptions. -- used to be fifty dollars now that total is nearly 800 dollars. Staffers on the health care hotline said they've been hearing stories of senior citizen simply leaving their prescription on the drugstore counter. Because they can't afford the medicine. Massachusetts Secretary of State Bill Galvin accused a New York investment firm of fraud yesterday. Saying it misled investors over the safety of its money market mutual fund. Globe business writers Steve side Aaron Ross -- a reserve management company. One of the founders of the money market mutual fund industry. Was reassuring its investors last fall that they'd always keep at least the original value of their assets. Even while company officials were working desperately behind the scenes to stem a tidal wave of panic selling. Kaplan's office said that at the time the troubled fund had more than 500 shareholders from Massachusetts. With a combined investment worth of more than two billion dollars. In bring in a civil charges against the company. Galvin is seeking not only restitution for the Massachusetts investors but his asking that court to censure reserve management. And also find a brokerage firm. Father Daniel Mahoney the firefighters Chaplin was among hundreds of colleagues and friends -- gathered yesterday at Quincy funeral home. To pay his respects to Boston fire lieutenant Kevin Kelly. Who died Friday in mission hill when a fire truck went out of control on a steep residential street and crashed into a brick high rise. Talking to the globe columnist Kevin Cullen the priest said the fire lieutenant was it true leader. Whose warnings to his mates in the truck Friday. Telling them to hold on and brace for impact had helped to save their lives. Even as he himself was killed. But Mahoney said it was not just Kelly's warning has saved his brother's. But quote the way he taught them every day he taught all those kids in that firehouse he was a great teacher. Kelly's funeral will be held today and saying man's church in Quincy. President elect Barack Obama's pick for Treasury Secretary Timothy Geithner failed to pay more than 30000 dollars in social security and Medicare taxes over a four year period. The globe's Michael Graham Nash writes that the unpaid taxes which Geithner said resulted from mistakes. Could hurt the nominee's chances for an easy confirmation. Some of the errors were discovered in an IRS audit in 2006. And others were found during a background check by Obama's transition team. -- their failed to pay the taxes in years when he worked for the International Monetary Fund. Which apparently doesn't withhold the FICA taxes as many employers do. If the Senate Finance Committee confirms him -- would oversee Obama's massive economic recovery package. But he also lead a department that includes the Internal Revenue Service. And that connection worried some senators. Obama stood by his nominee. Saying he's the right man to help lead the economic recovery and shouldn't be penalized for honest mistakes. But their revelation undercuts the image of Geithner as an economic -- canned. And gave Republicans on the Senate Finance Committee potential ammunition. Should they decide to Dele or fight for the nomination. Another top Obama -- his -- ties to Boston won't have to worry about it confirmation hearing. Globe reporter Brian Mahoney writes that Katie Johnson a Wellesley College grant whose parents were from Brookline. Will become Obama's personal secretary when he's inaugurated Tuesday. Johnson 27. Known to some as KJ. Worked as an aide to the manager of Obama's political campaign. And now will be in charge of running the new president's daily schedule. Rahm Emanuel the former congressman who will be Obama's chief of staff. Said Johnson is quote amazingly organized and is capable of seeing around the corner. Johnson herself told the globe she's ecstatic about her new job. Although she's worked with Obama mostly only by phone in the past and doesn't know him well. He's very calm but he's obviously demanding she said. He's always the smartest person in the Rome so you have to be -- chose. Inside today's -- of diplomatic efforts to halt the conflict in Gaza continue with little sign of results. And in the United States cases of sexually transmitted diseases are increasing nationwide. Despite prevention and awareness campaigns. In sports the Bruins beat there arch rivals fair Montreal Canadians. Three to one of the garden last night. But the New England Patriots lost bill Belichick's top assistant personnel director Scott pioli. Who's been credited with a big share for the team's success. On the weather front today's forecast is for temperatures and the Taiwanese plus lots of wind it's definitely going to be nicer indoors. Hope you enjoyed the podcast. You're welcome to email me your comments at eight underscore for eight at globe dot com."
" That's a summary of today's top stories from the Boston Globe for a closer look pick up today's paper. Or go to boston.com. Slash school."