Dem Who Called ObamaCare a ‘Train Wreck’ Decides to Retire
Baucus to retire rather than seek re-election in 2014, strategists say
By Paul Kane, The Washington Post
Senate Finance Committee Chairman Max Baucus (D-Mont.) is retiring rather than seek re-election in 2014, according to two senior Democratic strategists familiar with his plans.
Read more: http://nation.foxnews.com/sen-max-baucus/2013/04/23/dem-who-called-obamacare-train-wreck-decids-retire#ixzz2T27UIZbA
RUN FOR THE HILLS: Dem Sen Baucus Retiring Because He’s ‘Fed Up’ With Obamacare
http://www.nationalreview.com/corner/348005/grassley-baucus-retiring-because-hes-fed-obamacare
CBS Notices Senate Dem’s ‘Train Wreck’ Label of [...]
The annual cost to the taxpayer of supporting the Queen is rising by £5m, following changes to the way the monarch’s role is funded.
The Sovereign Grant, used to fund a number of official royal duties, pay staff and maintain palaces, has been set at £36.1m for 2013/14.
The figure is up from the £31m received the previous year, which included an extra £1m for the Diamond Jubilee.
Buckingham Palace said spending [...]
Employers are bracing for a little-noticed fee in the federal health-care law that will charge them $63 for each person they insure next year, one of the clearest cost increases companies face when the law takes full effect.
The fees will hit most large U.S. employers, and several have been lobbying to change the program. (snip)
http://online.wsj.com/article/…?mod=wsj_share_tweet
BLOOMBERG ECONOMIC OUTLOOK: U.S. REMAINS IN SLOW GROWTH TRAP, FISCAL CLIFF REAL THREAT
Commentary by economist Joseph Brusuelas
In today’s “Bloomberg Economics BRIEF,” Bloomberg senior economist Joe Brusuelas writes that with the U.S. economy growing only 1.5 percent in the fourth quarter, America remains in a “slow growth trap” and faces a “substantial risk” of recession due to the looming fiscal cliff.
**WRITE FOR ACCESS TO MORE BLOOMBERG DATA AND [...]
IN the battle of the sexes women have always believed they are cleverer than men.
And now it would appear they are justified in thinking they are superior after psychologists found female IQ scores have risen above men’s for the first time in 100 years.
Women have been as much as five points behind men since testing began a century ago, but that gap has narrowed in recent times.
Smarter: Women now have a [...]
Congress’s non-partisan investigative arm said Wednesday President Obama is stretching the law to give bonuses to mediocre privateMedicare plans — an $8 billion program the auditors had already urged the administration to cancel.
In a pointed letter, the Government Accountability Office’s chief lawyer said the administration hasn’t shown that it can learn anything by a “demonstration” project to pay bonuses to average-performing plans in the Medicare Advantage program. The lawyer also questioned “the agency’s legal [...]
Marcus George
Reuters
July 11, 2012
Iranian Supreme Leader Ayatollah Ali Khamenei on Wednesday dismissed harsher sanctions imposed on Iran this month over its disputed nuclear activity, saying the country was “100 times stronger” than before.
A European Union embargo on Iranian crude oil took full effect on July 1 – a joint effort with the United States to force Tehran to curb nuclear energy work the Western powers say is a camouflaged bid to develop [...]
Many observers now take a jaundiced view of international sanctions, describing them variously as toothless, counter-productive or misdirected.
For once, though, they appear to be working.
According to the New York Times’ Thomas Erdbrink and Clifford Krauss, the oil embargo imposed by the U.S. and EU — which only took full effect last week — is already crippling the Iranian economy:
“After years of defiance and insistence that sanctions were barely being felt at home, Iranians are acknowledging [...]
With more investors and consumers concerned over the Recession 2013threat, Europe and China today (Thursday) took action to motivate their sluggish economies and prevent a drastic global slowdown.It hasn’t even been a week since a crucial European summit provided a blueprint for the 17-memberEurozone to pull out of its debt crisis. But already the rally that immediately followed has fizzled. At issue is how European leaders will work out the tricky [...]
DUBAI (Reuters) - Iran said on Tuesday it had successfully tested medium-range missiles capable of hitting Israel as a response to threats of attack, the latest move in a war of nerves with the West.
Israel says it could attack Iran if diplomacy fails to secure a halt to its disputed nuclear energy program. The United States also has military force as a possible option but has repeatedly encouraged the Israelis to be [...]
By Barbara Kollmeyer
MADRID (MarketWatch) — Payment-in-kind arrangements in the Spanish mortgage market are likely to rise and could hurt the country’s lenders, but the full effect remains unclear, said Fitch Ratings on Thursday. “Deed in lieu” arrangements, where banks take ownership of the property and borrowers mortgage loan obligations are terminated could do two things: result in lower loan losses than those seen in traditional auctions, or hurt performance [...]
Typical distortions.
http://tpmdc.talkingpointsmemo.com/2…ref=fpnewsfeed
An ‘Obamacare’ Cost Explosion? Hardly — GOP Distorts CBO Report
SAHIL KAPUR MARCH 15, 2012, 2:09 PM 3804 31
Republicans and conservative media are cherry-picking a figure in a new Congressional Budget Office spending estimate (PDF) to assert that the cost of “Obamacare” has nearly doubled to $1.76 trillion. But the claim ignores the corresponding savings during the additional period of the spending projection, thus distorting the actual cost estimates of [...]
By Michael R. Crittenden
WASHINGTON (MarketWatch) — A halt of Iran’s oil exports to Organization for Economic Cooperation and Development countries could trigger a 20%-30% spike in oil prices, an International Monetary Fund official said Thursday.
“The impact of an oil supply shock in the Middle East could be large if not compensated by a supply increase elsewhere,” said Gerry Rice, director of external relations at the IMF.
Gas [...]
2012 Republican presidential candidate Herman Cain sat down with the Milwaukee Journal Sentinel’s editorial board today for a series of video interviews — and the results are actually painful to watch.
Cain appears out of his depth in all of the videos, but never more so than when he is asked whether or not he agrees with President Obama’s handling of the conflict in Libya.
We’d give you the transcript, but you [...]
Thirty-four states plus the District of Columbia have text-messaging bans. In 31 states and D.C., it is a primary offense, meaning drivers can be pulled over specifically for texting.
Police nationwide are issuing a growing number of tickets for texting while driving as more states make the practice a primary offense and become aggressive in cracking down.
Governors Highway Safety Association (GHSA) spokesman Jonathan Adkins says [...]
Anthony Gucciardi
Infowars.com
October 12, 2011
Thanks to California governor Jerry Brown, Merck’s human papillomavirus (HPV) vaccine Gardasil will now be given to children 12 years or older without parental consent. Omitting parents from the entire equation, California lawmakers are now leaving 12-year-old children to make their own health decisions.
The decision to be vaccinated with the Gardasil HPV vaccine is a particularly risky decision, a decision that thousands of [...]
By Farid Khavari
Whoever is going to become the next mayor of the Miami-Dade County , would be doomed if he/she decides to balance the budget by simply cutting the budget! No matter how one looks at it, there would be over 50,000 job loss as a consequence of this contractive economic measure. One does not need to be a clairvoyant to figure out the unemployment involved when 60 [...]
EL PASO, Texas — Hours before President Barack Obama’s arrival in this border city Tuesday to deliver a speech, a mountain lion led animal control officers on a chase through central El Paso that ended when the animal was shot to death.
The female mountain lion, estimated to weigh 125 pounds, was first seen on railroad tracks near downtown around 8:30 a.m. by Union Pacific employees. [...]
From CNBC:
Weakness in the US dollar, which is causing everything to go up—including gas prices, food and stocks—is unlikely to go away soon as a selling frenzy hits the currency market.
CNBC.com
The greenback is approaching pre-financial crisis lows and threatening to smash through its all-time low when measured against the world’s predominant national currencies.
A combination of factors accounts for the weakness, with the Federal [...]
By Carey Purcell, AlterNet
Bobby Grozier was on top of the world before he took the pills. A senior software adviser for a Fortune 500 company based in Manhattan, he earned a great salary and was happily married with a young daughter. That changed when he was prescribed a toxic combination of drugs to treat lingering symptoms of what his doctor thought was prostatitis. Ten years [...]
*Real estate is in such bad shape esp with all that shadow inventory. How significant is real estate in GDP?
* With real estate in the hole, labor is not as mobile since people are stuck with their underwater houses. So, there’s imbalance of supply and demand of labor.
* States and local unlike Fed cannot print money and run deficits. It’s been just a few months since new fiscal year started. [...]
An overly strong Yen is disastrous for the Japanese economy which is mostly driven by exports as it cause the earnings from their exports, particularly to the US, to plunge to levels where they can’t and don’t make any profits. It isn’t an issue of just “weak” versus “strong” but rather an issue of what is a fair, reasonable and proper rate for the currency exchange rate between the US [...]
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