Daily Digest

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Daily Digest 6/16 - Nuclear Plants Closing Early, What Sweden Can Tell Us About Obamacare

Sunday, June 16, 2013, 10:21 AM

Economy

Even Pessimists Feel Optimistic About the American Economy (jdargis)

Certainly, there are significant headwinds that will not abate anytime soon, including an aging population, government austerity, the worst income inequality in nearly a century and more than four million long-term unemployed workers.

FX Rates Said to Face Global Regulation in Libor Review (jdargis)

“All benchmarks share similar vulnerabilities so there is a need for a framework that applies to all benchmarks to ensure their integrity and restore market confidence,” Chantal Hughes, a spokeswoman for European Union Financial Services Commissioner Michel Barnier, said in an e-mailed statement. “We will also be making a proposal this summer on the framework for benchmarks.”

Aetna Pulls Out Of California Individual Insurance Market In Response To Obamacare (pinecarr)

People who currently have Aetna individual health coverage will have to find plans with other carriers by year-end. That might be easier because of the federal health law's requirements that insurers no longer decline coverage or set premiums based on people's health history, but still, "it's going to be confusing" for Aetna policyholders, said Ken Fasola, chief executive of HealthMarkets Inc., parent of insurance agency Insphere Insurance Solutions. His firm plans to send written notice to affected clients, then follow up with calls and, if wanted, visits.

Aetna is just the first to crunch the numbers and realize that one indeed has to pass a law first to find out how much money will be lost - by private companies - as a result.

Suddenly, Retiree Nest Eggs Look More Fragile (jdargis)

As Jack VanDerhei, research director of the nonprofit, nonpartisan Employee Benefit Research Institute, puts it, “very large numbers of people are at risk of running out of money in retirement.” In a recent study, the institute found that roughly 44 percent of households in the baby boom and Gen X generations — those born from 1948 to 1975 — were likely to run short of cash in their retirement years.

China’s Great Uprooting: Moving 250 Million Into Cities (jdargis)

Across China, bulldozers are leveling villages that date to long-ago dynasties. Towers now sprout skyward from dusty plains and verdant hillsides. New urban schools and hospitals offer modern services, but often at the expense of the torn-down temples and open-air theaters of the countryside.

What Sweden Can Tell Us About Obamacare (jdargis)

The United States spends more than $8,000 a person per year on health care, well more than twice what Sweden spends. Yet health outcomes are far better in Sweden along virtually every dimension. Its infant mortality rate, for example, was recently less than half that of the United States. And males aged 15 to 60 are almost twice as likely to die in any given year in the United States than in Sweden.

Nuclear Plants, Old and Uncompetitive, Are Closing Earlier Than Expected (jdargis)

While the other three, San Onofre 2 and 3 near San Diego and Crystal River 3 in Florida, faced expensive repair bills because of botched maintenance projects, “Kewaunee not only didn’t have a major screw-up in repair work, it didn’t even seem to be confronting a major capital investment,” he said.

Elon Musk Conceives New 'Hyperloop' Transportation System: Neither Plane, Train, Boat Nor Car. Is it ET3? (Arthur Robey)

The VHST would have to be underground. Digging the tunnels would be the biggest problem with creating the VHST. It would require political agreement and high costs to dig the actual tunnels. (90% of the cost would be building tunnels.) There are a lot of benefits to a tunnel, though: "protection against sabotage, right of way costs, surface congestion, grade separation problems, and noise pollution go away."

Gold & Silver

Click to read the Gold & Silver Digest: 6/14/13

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

2 Comments

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 2374
Mary Poppins on Money and Banking

Judy's picture
Judy
Status: Member (Offline)
Joined: Mar 12 2008
Posts: 7
Bless you

I loved starting Monday with a big smile.  Thanks.

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