Toyota: On the Capitol Hill Hot Seat
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Before hearing from the CEO of Toyota today, members of Congress grilled the Secretary of Transportation about why regulators were so slow to act on sudden acceleration. We hear about auto safety, Toyota's future and the economy of Japan. Also, health insurers call rate hikes inevitable, and a struggling Rhode Island high school fires all of its teachers — with high praise from Education Secretary Arne Duncan.
Banner image: US Secretary of Transportation Ray LaHood testifies before the House Oversight and Government Reform Committee hearing on Capitol Hill today. Photo: Mark Wilson/Getty Images
District Fires All Teachers in Effort to 'Turn Around' Failing School ()
The only high school in Central Falls, Rhode Island is struggling. Less than half its students graduate every year. Yesterday, the School Committee fired all 74 of the school's teachers, along with the principal and other administrators. Greg Toppo writes on education for USA Today.
- Greg Toppo: National K-12 Education Writer, USA Today
Toyota: On the Capitol Hill Hot Seat ()
Transportation Secretary Ray LaHood told a House Oversight Committee hearing today that any car on a recall list is not safe until it's been repaired by a certified dealer. That warning came as the CEO of Toyota, a Japanese icon who bears his company's name, apologized for the deadly results of sudden acceleration. Is the company getting fair treatment or is this a Congressional "witch hunt." What's at stake for auto safety, Toyota and the economy of Japan?
- David Shepardson: Reporter, Detroit News, @davidshepardson
- Rose Bayat: Vice President of Customer and Community Relations, Darcars Toyota
- Matt DeBord: Reporter, Slate's The Big Money, @mattdebord
- Patrick Cronin: Senior Director, Center for a New American Security's Asia-Pacific Security Program, @PMCroninCNAS
Health Insurers Say Rate Hikes Inevitable ()
As Washington waits for tomorrow's televised summit on healthcare reform, the President of WellPoint Insurance told a committee of Congress today that soaring medical costs justified raising rates in California by as much as 39 percent. That's what happened with a WellPoint subsidiary, Anthem, which testified in Sacramento yesterday. Kristen Gerencher is a reporter and healthcare columnist for MarketWatch.
- Kristen Gerencher: Healthcare columnist, MarketWatch
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