Cancer patients could face high costs for medications under President Barack Obama’s health care law, industry analysts and advocates warn.
Where you live could make a huge difference in what you’ll pay.
To try to keep premiums low, some states are allowing insurers to charge patients a hefty share of the cost for expensive medications used to treat cancer, multiple sclerosis, rheumatoid arthritis and other life-altering chronic diseases.
Such “specialty drugs” can cost [...]
US Federal Reserve is reporting a major deposit withdrawal from the nation’s bank accounts. The financial system hasn’t seen such a massive fund outflow since 9/11 attacks.
The first week of January 2013 has seen $114 billion withdrawn from 25 of the US’ biggest banks, pushing deposits down to $5.37 trillion, according to the US Fed. Financial analysts suggest it could be down to the Transaction Account Guarantee insurance program coming [...]
“Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts and manufacturing experts.”
Britain and the rest of Europe are heading for a deeper recession after figures showed manufacturing output slumped at its fastest pace for three years.
A dearth of new orders in the UK has added to a sense of panic among manufacturers, which have been left scrambling to keep their factories busy and delay laying off workers, according to a report into the industry.
Analysts blamed the weakness of the UK market [...]
From Dr. Ed’s Blog:
Industry analysts are not the only ones who’ve been lowering their expectations and curbing their enthusiasm for stocks.
The Bull Bear Ratio, compiled by Investors Intelligence, declined to 1.86 this week, down from a recent high of 2.45 during the week of April 3. It’s the lowest since mid-March.
The change in sentiment has been even more noticeable in the…
Read full article…
The onward march of the Chinese consumer continues, with China overtaking the U.S. as the biggest grocery market in the world in 2011, according to new research out of the United Kingdom.
The Chinese grocery sector was worth $970 billion (607 billion pounds) at the end of 2011, while the U.S. market came in at $913.5 billion (572 billion pounds), research by food industry analysts IGD showed.
The figures come at a [...]
Also UK government announces as part of its austerity measures drive for the masses, it shall increase taxation on fuel in August pushing it at least 3p per litre higher:
Petrol prices have hit another record, according to industry analysts Experian Catalist.
The average price of a litre of unleaded petrol hit 140.20 pence.
Higher oil prices, driven by concerns about Iran, have been behind the rising price of fuel. Crude oil [...]
From Dr. Ed’s Blog:
What do industry analysts know that we don’t know?
They know more about the companies they follow than the rest of us who have chosen different career paths in the investment business. When I analyze the earnings, revenues, and profit margins of the S&P 500 along with its sectors and industries, I start by taking a peek at the data compiled weekly by Thomson Reuters on the analysts’ [...]
Energy industry analysts say there’s no relief in sight at the nation’s gas pumps.
While prices jumped 6 percent in February, market experts said many of the nation’s refineries have been idled or shut down permanently because their owners claimed they were losing money on them. According to the Wall Street Journal, Sunoco is expected to close another of its large refineries this July, “taking another 335,000 barrels per day in [...]
Oil prices are now higher than they have ever been—except for a few frenzied moments before the global economic meltdown of 2008. Many immediate factors are contributing to this surge, including Iran’s threats toblock oil shipping in the Persian Gulf, fears of a new Middle Eastern war, and turmoil in energy-rich Nigeria. Some of these pressures could ease in the months ahead, providing temporary relief at the gas pump. But the principal cause of higher [...]
From this article, it also appears they are planning to close down American plants too and relocate to Eastern Europe and Asia:
The Government has made a last-minute appeal to the car-maker GM not to close its Vauxhall plant in Ellesmere Port, Cheshire, in an attempt to prevent the loss of the 2,100 jobs there.
Vince Cable, the Business Secretary, returned yesterday from a flying visit to New York, where he pleaded [...]
And because China only agreed to limited openness for the financial services industry when joining the WTO, that provided a certain level of protection for the industry, analysts said.
“The government was being cautious with the financial sector,” said Zhang Junsheng, a researcher with the Institute of International Economy, University of International Business and Economics. “It took into consideration how much the industry could bear.”http://news.xinhuanet.com/english/indepth/2011-12/09/c_131298168.htm
Meanwhile they bought up all of these [...]
Apple is facing mounting challenges in 2012 to refresh key product lines in the face of rising competition after a year marked by record profits but also the death of its founder Steve Jobs and less dramatic design innovation.
A white iPhone, white iPad and white iPod touch were the most noticeable physical changes to Apple’s products this year, although it updated its devices’ internal hardware and introduced new software [...]
The Obama administration’s Department of Energy was poised last summer to give Solyndra a second major taxpayer loan of $469 million, even as the company’s financial situation was growing more dire.
The Energy Department was actively pushing to provide the second loan guarantee to the troubled solar-panel manufacturer in April and May 2010, when Solyndra’s auditors warned the company was in danger of closing [...]
By Wendell Cochran, MSNBC
The American banking sector apparently is going to be vastly different when it finally emerges from the financial crisis that took hold more than three years ago. It is going to be significantly smaller, and the domination of a relative handful of behemoth institutions is going to increase.
At the end of June, there were 7,522 commercial banks, down from 8,542 on Dec. 31, 2007. That is a [...]
SAN FRANCISCO — The desire to own your own home, long a bedrock of the American Dream, is fast becoming a casualty of the worst housing downturn since the Great Depression.
Even as the economy began to fitfully recover in the last year, the percentage of homeowners dropped sharply to 66.4 percent from a peak of 69.2 percent in 2004. The ownership rate is now back to [...]
BEIJING – An explosion at one of two factories that make Apple’s new iPad 2 highlights the risks of a global manufacturing strategy that has cut costs but concentrates production in a few locations.
Foxconn Technology Group, the contractor that manufactures Apple’s iPhones and iPads, said Friday’s blast in the western city of Chengdu killed three employees and injured 15. The Taiwanese company said production [...]
DALLAS (AP) — American Airlines lost $436 million in the first quarter as it battled rising jet fuel prices, and says it will eliminate some flights late this year.
The airline’s results were also hurt by winter storms in the U.S. and a slump in travel to Japan after the earthquake there in March.
American’s parent, AMR Corp., said Wednesday that not counting some one-time costs, its loss was smaller than analysts [...]
The price of unleaded petrol rose sharply over the weekend
(BBC News) The price of unleaded petrol has hit a new record average of 130p per litre, according to industry analysts Experian Catalist.
Oil prices have risen about 10% in the past month due to the uprising in Libya, a major oil exporter.
That has also led tour operator Thomas Cook to introduce a new fuel surcharge to the cost of its [...]
By BINYAMIN APPELBAUM
The Treasury Department has spent $135 billion on Fannie and Freddie since they were seized by the government in 2008, to cover their losses on soured mortgage loans. The government is propping up the two companies to make sure that money remains available for mortgage loans. Even under the worst case detailed on Thursday by the housing finance agency, the pace of new [...]
Don’t focus on the U.S. economy but on the global one. It is fragile but, it will have to grow at some point without us. Either now or after another global downturn, the global economy has to grow without us being a major factor simply because we are past the point of no return. We can’t grow or tax out of this and even a few year delay doesn’t change [...]