(NaturalNews) Just a few short years ago, Plantation, Fla.-based bankruptcy attorney David Langley did not have even one doctor as a client. But in the years that have followed, Langley has processed at least six bankruptcy cases involving physicians, and is currently working on two bankruptcy cases involving an orthopedic surgeon and an OB/GYN, according to CNNMoney.
Why this sudden increase in primarily private practice debacles? A changing healthcare environment prompted by [...]
Just a few short years ago, Plantation, Fla.-based bankruptcy attorney David Langley did not have even one doctor as a client. But in the years that have followed, Langley has processed at least six bankruptcy cases involving physicians, and is currently working on two bankruptcy cases involving an orthopedic surgeon and an OB/GYN, according to CNNMoney.
Why this sudden increase in primarily private practice debacles? A changing healthcare environment prompted by [...]
Health insurance companies across the country are seeking and winning double-digit increases in premiums for some customers, even though one of the biggest objectives of the Obama administration’s health care law was to stem the rapid rise in insurance costs for consumers.
Particularly vulnerable to the high rates are small businesses and people who do not have employer-provided insurance and must buy it on their own.
In California, Aetna is proposing rate [...]
Counties and cities across America are raising taxes and slashing services as they go broke, the result of decades of “government as usual.” We need to fix Miami-Dade County’s economy and its government before it’s too late.
Your vote for Miami-Dade Mayor directly affects the future of our county—and your family.
If you want “government as usual,” vote for current Mayor Carlos Gimenez (firefighter) or
Joe Martinez (policeman).
• Higher property taxes (additional $2 [...]
Women live longer than men, earn less and take more breaks from the workplace to care for children and elderly parents, which all add up to scary financial penalties.
Totaling an extra $849,000 over a lifetime, purely for being born a woman, AOL put these monetary disadvantages in black and white dollar terms.
The average total is made up of life expectancy and higher insurance costs, the price of taking time off work, lower wages [...]
* Domestic banks have bought heavily at Spanish bond sales
* Some close to reaching exposure limit, say market makers
* Two banks say buying debt normally at present
* No sign of strong demand from international investors
* Any cancelled auction could trigger full Spanish bailout
By Nigel Davies
MADRID, July 6 (Reuters) – Domestic banks that have backed Spain’s debt auctions with heavy buying could be reaching a limit for absorbing sovereign bonds, say [...]
By Farid A. Khavari
The most important step towards jumpstarting and stimulating our economy is unquestionably to stabilize the housing market. Of course the housing market will benefit from my economic plan and create tens of thousands of new private sector jobs, which will allow people to afford their homes. This will happen when the homeowners also get the opportunity to install decentralized solar energy systems, which will lower their energy [...]
The Spanish government sold €3.39bn (£2.7bn) in 12- and 18-month bonds, beating the top end of its target to sell €3bn, but the interest cost on the loans almost doubled.
The interest rate on the 12-month bills shot up to 5.07pc from 2.98pc at the last such auction on May 14. The rate on the 18-month bills soared to 5.1pc from 3.3pc.
In the secondary market, where previously issued debt is traded, [...]
By William L. Watts
FRANKFURT (MarketWatch) — The cost of insuring Spanish and Italian government debt against default via instruments known as credit default swaps, or CDS, hit new records on Friday, according to data provider Markit. The spread on five-year Spanish CDS widened to 610 basis points from 596 basis points on Thursday. That means it would now cost $610,000 annually to insure $10 million of Spanish debt against [...]
Spanish Debt Insurance Costs Hit Another Record High At 562 BPs
LONDON (Dow Jones)–The cost of insuring Spanish sovereign debt against default hit yet another record high Friday, rising 12 basis points from Thursday’s close to 562 basis points as its banking system is under severe stress, undermining investors’ confidence and threatening to once again push the country’s borrowing cost to unsustainable levels.
Spanish Banks’ Bad Loans Worsen as Recession Bites: Economy
The extra return demanded by investors on Spanish bonds over safer German debt hit 507 basis points — the highest since the euro’s launch in 1999 on a wave of optimism about the riches it could deliver.
The yield on Spain’s benchmark 10-year government bonds soared to a peak of 6.51 percent, a danger level widely considered too high for the state to afford over the longer term.
Prime Minister Mariano Rajoy [...]
Spain’s borrowing rate nearly doubled in a short-term debt auction as investors fretted over the euro zone’s determination to deal with its debts.
And Italy raised nearly €3.5 billion in a short-term bond sale today but at sharply higher interest rates amid fresh concerns over the euro zone outlook, the Bank of Italy said.
The Spanish treasury said it raised €1.933 billion but the timing could hardly have been worse, with financial [...]
The debt of the euro region rose last year to the highest since the start of the single currency as governments increased borrowing to plug budget deficits and fund bailouts of fellow nations crippled by the fiscal crisis.
The debt of the 17 euro nations climbed to 87.2 percent of gross domestic product in 2011 from 85.3 percent the previous year, official European Union figures showed today. That’s the highest since [...]
Smokers need not apply.
At least that is what one U.S. city is considering implementing.
In an unprecedented move, the city of Fort Worth, Texas, is deliberating banning the hiring of smokers.
Scroll down for video
Unprecedented: The radical idea, which was the brainchild of a city worker, is being proposed as a cost-cutting method that could potentially save millions
The radical idea, which was the brainchild of a city worker, is being proposed as [...]
pril 13 (Bloomberg) — Spanish banks’ borrowings from the European Central Bank jumped by almost 50 percent in March, reaching the most on record, as lenders tap emergency loans and channel some of it into sovereign debt purchases.
Average net borrowings by Spanish banks climbed to 227.6 billion euros ($300 billion) last month from 152.4 billion euros in February, the Bank of Spain said on its website today. Spanish lenders took [...]
March 31, 2012
(NaturalNews) More than quadrupling an estimate it put forth last year for new agents (http://dailycaller.com), the Internal Revenue Service (IRS) now says that it will need more than 4,000 new agents to enforce the provisions of the Affordable Care Act (ACA), also known as Obamacare. And in addition to these new agents, the IRS is also asking for more than $300 million in new funding to help fortify the infrastructure [...]
by Jerry Edgerton
This post originally appeared on CBS MoneyWatch.
With gas prices 40 cents a gallon higher than at this time last year and possibly headed for record highs, car shoppers will be focused on gas mileage.
That MPG rating is an important — but not the only — cost factor to consider.
Kelley Blue Book has run the numbers over a projected five-year period and picked total-cost winners among 2012 models.
The formula includes purchase price; depreciation; insurance [...]
While auto insurance rates are largely based on personal factors, including a person’s age, gender, driving record and address, the particular make and model of vehicle you choose can significantly affect your rates. According to an extensive survey conducted for Insure.com, minivans, mid-priced crossover SUVs, and pickup trucks are among the most affordable vehicles to insure for 2012, with (no surprise here) premium sports coupes and luxury cars commanding [...]
Calstrs Earns 2.3% After Loss in Offshore Equities Tempers Gains
Portugal Debt Insurance Costs Hit Record As Yields Rise
Hungary May Need 20 Billion Euro IMF Safety Deal, Csefalvay Says
Tornado creates worries in bankrupt Ala. county
Cash-strapped Detroit to lose $8.5M under state law requiring cut in income tax rate
Ageing Japan faces ‘chronic’ trade deficit after Fukushima
Increased Illinois higher education funding goes to pensions
Chart: The decline and fall of the Providence pension system
ECB Cash Averts ‘Funding Crisis’ for Italy, Spain: Euro Credit
Papademos Warns Greeks Economic Collapse Looms Without Sacrifice
Chinese audit finds local government debt problems
Spain Says Banks Face an Additional $64 Billion of Provisions
France 10-year Borrowing Costs Rise As Triple-A Rating Faces Threat
EFSF Bond-Yield Boost Fails to Halt Slide in Demand for $4 Billion Issue
Hungary scraps bond swap as currency slumps
Debt worries grow as China land sales slump
Hungary Fails to Raise Target [...]
Just some headlines:
French bond yield rise risks AAA outlook: Moody’s
Spain election fails to soothe nervous debt markets
Roubini Global Economics: Italy Is Past The Point Of No Return
Irish Banking System Outlook Remains ‘Negative’: Moody’s
Japan’s Former Finance Chief Says Nation May Be Next Europe
Japan Exports Fall as China Sees Prolonged World Slump: Economy
Aides: ‘Super Committee’ likely to announce failure to reach debt deal
Anger mounts as MF Global clients see $3 billion [...]
By Jilian Mincer
Sun Oct 30, 2011 7:19pm EDT
(Reuters) – Like a lot of companies, Veridian Credit Union wants its employees to be healthier. In January, the Waterloo, Iowa-company rolled out a wellness program and voluntary screenings.
It also gave workers a mandate – quit smoking, curb obesity, or you’ll be paying higher healthcare costs in 2013. It doesn’t yet know by how much, but one thing’s for certain – the unhealthy will [...]
Greek debt talks fail to find solution
EU looking at trillions in shock-and-awe plan to end crisis
IMF to increase resources to more than $1 trillion: report
French Dexia bank to sell more bad debt: report
Illinois budget deficit to hit $8 billion despite tax increase
Banks May Need $202 Billion Euro-TARP Program, Says JPMorgan
ECB Said to Consider Restarting Covered-Bond Purchase Program
Greece faces austerity strike as markets brace for debt default
Pimco Forecasts Europe Recession [...]
Central Bank Eyeing Issuance Of Gold-Denominated Certificates For Individuals (Ukraine)
European Debt-Insurance Costs Soar
Banks Increased ECB Overnight Deposits to Highest in Year
ECB warns Italy over huge debt
US warns 10 Swiss banks to hand over information on tax cheats
Portuguese Banks Reliance On ECB Funds Continues To Rise
Bank of Moscow May Need 73.6 Billion Rubles to Weather Crisis
In California, 3,300 state workers are on notice for layoffs
Trichet Urges Faster Bailout Action [...]
Gold Margins Raised 27% on CME’s Comex After Biggest Price Drop Since 2008
Wall Street Banks Plan $5 Billion in CMBS Sales as Spreads Soar
Four EU states may extend short-selling ban
Europeans cut back on basics as recession fears grow
Americans drove 15.5B fewer miles in first half of ’11
ECB Says Banks Borrowed EU2.8 Billion at Marginal Rate Overnight
Taiwan’s Debt to Hit Record High of NT$5.13 Trillion in 2012
Greek Banks Set to [...]
Partial graphic of a police officer stopping driver for speeding. (AP)
(Foxnews) South Carolina is considering a bill that would allow police to slap $150 tickets on motorists caught driving less than 10 mph over the limit –10 times the current minimum — but let them skip reporting the tickets to shield low-speed offenders from higher insurance premiums.
According to the bipartisan legislation, windfall revenues would be [...]
1. Equalize the tax laws so that employer-provided health insurance and individually owned health insurance have the same tax benefits.Â Now employer health insurance benefits are fully tax-deductible (for the Employer, that is!), but individual health insurance is not (So sorry, middle-class, wage-slave!).
2. Repeal all state laws which prevent insurance companies from competing
across state lines. We should all have the legal right to purchase [...]