The Personal Toll of Whistle-Blowing (jdargis)
To become a whistle-blower, Darren Sewell had filed what is known as a “qui tam” complaint—the term comes from a Latin phrase that translates as “he who brings an action for the king as well as for himself.” Qui-tam cases are brought under the False Claims Act, a law passed in 1863, under President Lincoln, in response to war profiteers peddling defective weapons and ailing mules to the Union Army. The law allows private citizens to file suit on behalf of the government against anyone believed to be defrauding the government. The vast majority of these cases involve health care. To some, qui-tam cases are controversial because whistle-blowers share in the money that the government recovers.
“There will have to be a de facto nationalisation of large parts of the economy. I fear this really could be 'it' at last and they are going to have their own kind of Minsky moment,” he said.
This refers to the financial instability hypothesis of Hyman Minsky. It is when a seemingly unstoppable debt bubble collapses under its own weight in a cascade of falling asset and property prices. The authorities can cushion the crash, but they cannot escape the brutal mechanics of reversion.
Many workers assume that Social Security will suffice in retirement because their living expenses will go down once they stop working. The reality, however, is that things like housing and transportation tend to only drop modestly, if at all, during retirement. The reason? While many seniors enter retirement with their mortgages already paid off, as homes age, they tend to require more repairs and maintenance, the cost of which can be enough to offset an absent mortgage payment. The same holds true for owning a car — though retirees don't have commuting costs to contend with, they still have to worry about insurance and auto maintenance, which can be far more expensive than filling up a vehicle's tank twice a week.
The French Revolution (The Sequel) (thc0655)
And, in this, they were, of course, by no means “equal” to the proletariat who conquered them. As for fraternity, that was most certainly achieved in the form of mob violence, but it didn’t take long for the fraternity to break down, as the proletariat fought amongst themselves for the spoils, and the leaders elevated themselves above the proletariat.
But France has survived Robespierre, Napoleon and other demagogues into the present day and, for many years, the socialist party has dominated France.
PG&E Corp.’s move to file bankruptcy to deal with massive liabilities from California wildfires will be long and costly—and it may bring little relief from legal troubles stemming from its safety record, according to people getting ready to participate in the case.
“It becomes an even bigger problem as people age into their 70s and 80s,” said University of Wisconsin cardiologist Dr. Craig January, who was the lead writer for both the 2014 and 2019 guidelines. “So the numbers of people affected by Afib will go up a great deal in our society as the population of baby boomers age.”
“For a criminal penalty to be imposed, a court would need to find that a violation of the law was so egregious that a criminal penalty is deserved,” he said. “That situation was never expected to arise for a rider, but potentially might arise for a provider of a vehicle for hire.”
Wilson, among Wall Street's most bearish, has been calling for an earnings recession in 2019 since early December, while many other analysts now believe the plunge last year was an overreaction to recession fears and trade tensions. The S&P 500 is now up more than 10 percent from its worst Christmas Eve ever driven by upbeat earnings, but at the same time, the valuation is much less attractive and there's little catalyst in sight to drive the market higher.
“What’s happened to our park in the last 34 days is irreparable for the next 200 to 300 years,” former Joshua Tree National Park Superintendent Curt Sauer said at Shutdown the Shutdown for Joshua Tree National Park, a rally this past Saturday near the California park, where more than 100 people amassed to decry the environmental and economic impacts that the shutdown had on Joshua Tree.
Tesla (TSLA) has gotten battered in recent days following its unexpected announcement of job cuts and cautious comments from CEO Elon Musk. The company's stock dropped precipitously, cratering by 20% in just 3 days. Tesla now trades towards the bottom-end of a prolonged trading range, roughly 25% below its recent highs reached in December.
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