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from NYT: 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 [...] Stocks of hospital companies like Hospital Corp. of America and Quest Diagnostics had steep jump after ‘Obamacare’ announcement But stocks were down as they awaited decision Stocks of hospital companies rose sharply and insurance companies fell Thursday after the Supreme Court upheld a requirement that almost all Americans carry health insurance. The stock of Hospital Corp. of America, the largest private hospital chain in the United States, rose 8.5 per cent. Quest Diagnostics [...] Long-Term Care-Less: An Insurance Nightmare As Premiums Nearly Double It’s the right thing to do: I still recommend that you purchase long-term care insurance to avoid the dreaded outcome of being older, alone, and in need of everyday care that is not covered by Medicare or supplements. That long-term custodial care — at home or in assisted living [...] by Philip SEVEN MAJOR SCAMS ARE SUCKING AMERICA DRY and RUINING OUR WAY OF LIFE: 1. Health Care: Hospitals/Providers Capturing/Bribed Medicare Administrators to RUBBER STAMP almost CONTINUOUS applications for FEE and Rate Increases. 2. Banking built on an Ancient USURY Interest Scam but Leveraged with Fraud, Forgery, Skimming, Insider Trading, Automated Theft, Hiding Debt, Faking Income, Debt Dumping on Government, Socialist Government Welfare, Misrepresentation of Products and many more. 3. OIL SCAM [...] What the U.K, has (and the U.S. to a slightly lesser extent) is a nearly unthinkable level of negative real interest rates. By fighting the last war (the GFC), central banks may have ignited a vicious inflation spiral. via Bond Vigilantes: The financial crisis is resulting in the authorities, the public, and investment managers seeing things they did not expect to see. Today’s headline RPI level of 5.5% is a [...] Hendry at breakfast. Hendry writes: Not willing to wait for official rate hikes, the money markets have taken matters into their own hands: a hawkish series of rate increases has been priced into forward curves. We are now very close to the rate pricing environment of 2004/07 when the global economy enjoyed almost unprecedented strong synchronized growth. The message from the fixed income desk is clear: we are [...] By Jeanne Sahadi, senior writerFebruary 2, 2011: 5:11 AM ET NEW YORK (CNNMoney) — Interest payments on the national debt could total $5.5 trillion over the next decade, or about 79% of the new debt estimated to accrue between 2012 and 2021. And that’s the optimistic scenario. “Interest payments on the debt are poised to skyrocket over the next decade,” the nonpartisan Congressional Budget Office wrote in its most [...] by Bruce Krasting Bernanke has made himself (and thereby the entire Federal Reserve) the lightening rod for domestic and international inflation. What a dumb PR move that was. There are any number speeches by Ben and his cohorts where they stuck there neck out and said, “inflation is our goalâ€. Ben & Co. are going to eat those words. If you ask ten people if INFLATION is ‘good’ or ‘bad’ nine [...] by setherkins http://www.wjbdradio.com/index.php?f=news_single&id=23697 From article: The report indicates the Poverty Rate in Illinois rose from 12.2 percent in 2008 to 13.3 percent in 2009. Approximately 1.68 million Illinois Citizens were impoverished in 2009, compared to 1.53 million in 2008. Extreme Poverty levels also grew in 2009 to 6 percent from 5.4 percent the year before. The number in Extreme Poverty jumped from about 680-thousand to 760-thousand. This is the end result of union [...] The situation since March 2009, however, is most accurately described, not as a “bull” market, but, rather, as a BULLSH-T market. The Federal Reserve and its primary dealers, who are mostly members of the international banking mafia, have been artificially manipulating stock prices up. Programmed trading software bangs the close, pumps the open, pumps up natural upward bound sentiment waves, supports downward bound sentiment waves against falling, and engages in a [...] One of the really bad outcomes of rising treasury interest rates is what it does to the States which are sinking from the catastrophic economic policies of the Federal Government. California for example is going from worse to disaster as rates rise in the treasury. Mortgages are rising, money is getting harder to borrow, municipalities find it difficult to sell bonds, government layoffs are rising and pension funds are sinking [...] |
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Report: China likely to raise rates if inflation tops 5 percent
via Reuters:
Chinese inflation will probably rise more than 5 percent in the year to March, pushing the central bank to raise interest rates, an official newspaper said on Tuesday.
Although the government has made progress in taming price pressures, the combination of a low base effect, high global commodity prices and rising service costs will push inflation toward three-year highs in the coming months, the [...]