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FDA allows use of toxic chemicals to continue to be used in food packaging

The Food and Drug Administration has decided that food manufacturers can keep using phthalates, a class of toxic chemicals, in food packaging and food production equipment. It disregarded requests from health and environmental advocates to reconsider that decision based on evidence that phthalates in food are harmful to health. Safer substitutes for these chemicals are […]

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Private equity firms purchase of oil and gas drilling companies could cost taxpayers billions in cleanup costs, study says

Recently, I wrote about how private equity firms are buying health providers practices, including my gastroenterologist’s, and how they bleed money from the companies, then sell them for a big profit. In 2021, some of the top industries for private equity investment include healthcare, technology, and consumer products.  Now, a new report describes how private […]

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With increasing use of personal care products by men, they – as well as women – need to check out whether the items they use contain harmful chemicals

It’s not surprising that men are succumbing to the same advertising on looking good that has enticed women to buy for decades. The average adult man in the United States uses 11 different personal care products every day, nearly twice as many as 20 years ago, according to a survey by Morning Consult. The survey […]

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Unfair, deceptive, and abusive practices are being used in many financial transactions, agency finds

American companies are using unfair, deceptive, and abusive practices as they sells many consumer financial products, the Consumer Financial Protection Bureau said in a new report on what it found as it reviews business practices at financial institutions. For example, auto lenders have originated loan balances above the real value of the car being purchased […]

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Which states have the most and least credit card debt?

Many people get caught up in credit card debt. In 2022, Americans increased their credit card debt by a record $179.4 billion. The total owed by credit-card holders now is more than $1.1 trillion. However, people in some states charge less on their credit cards than others. WalletHub, a personal finance website, takes a look […]

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Raymond James to pay $13 million for unreasonable fees following investigation by state regulators

Another large financial institution has been caught gouging customers. Raymond James Financial Services agreed to settle allegations Tuesday with six state securities regulators for charging unreasonable commissions on trades that harmed investors. The broker-dealer will pay at least $8.2 million in refunds to clients, and $4.2 million in penalties and costs. A task force of […]

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Full approval of lecanemab to treat Alzheimer’s by the FDA fails patients and the public, consumer group says

The approval of a new drug to treat Alzheimer’s disease is controversial. The U.S. Food and Drug Administration gave full approval to the drug lecanemab (Leqembi) Thursday to treat adults with Alzheimer’s disease. In January, Public Citizen, a consumer advocacy organization, urged the agency not to approve the drug. In a letter to the FDA, […]

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