MAY 29, 2001

HEADLINES

DID YOU KNOW?
Do Your Dentist a Favor... Have Some Tea!
According to a recent study by the Tea Trade Research Association, several doses of black tea every day reduces plaque build-up and helps control bacteria.

HEALTH HAPPENINGS
New Drug is Breakthrough in Cancer Treatment
The U.S. Food and Drug Administration has announced the approval of the first drug that directly turns of the signal of a protein known to cause cancer.

LEGAL LINES
Ninth Circuit Reverses Another Tax Court Ruling on Estate's Stock Valuation
The Ninth Circuit, for the first time this month, has reversed and remanded a Tax Court ruling regarding valuation of an estate's shares of stock for estate tax purposes.

   
 

MEDI-MINUTES
HCFA to Increase Nursing Home Payments by 2.1% in 2002
The Health Care Financing Administration (HCFA) has announced that Medicare will increase payments to skilled nursing facilities by an estimated 2.1% for fiscal year 2002.
 

NATIONAL NOTES
Bush Administration Plans to Accelerate Tax Cuts
In an address before a conference of Independent Community Bankers of America, Treasury Secretary Paul O'Neill said on Monday that the Bush administration plans to use future tax bills to accelerate the phase-in of the $1.35 trillion tax breaks that passed the Senate on Wednesday, including income tax cuts and the estate tax phase-out.