The markets got a helping hand from Chinese government. China’s central bank on Tuesday said it had poured about $20 billion into the financial system in an effort to help steady the markets and ease some liquidity concerns.
A growing number of people are turning to health-care ministries to cover their medical expenses instead of buying traditional insurance, a trend that could challenge the stability of the Affordable Care Act.
China To Impose Fee On Cancelled Orders (Aaron M.)
China is taking a unique approach to regulating markets. They are looking to impose a tax or fee per order to prevent traders from flooding exchanges with orders they don’t fill by charging market participants fees for habitual cancellations. This scheme would not take effect until 2017. This is clearly targeting the high-frequency traders. This proposed new legislation has been behind the sell-off today.
Congress Is A Hypocrite (Tiffany A.)
It’s important to understand that Hoekstra et al aren’t upset at NSA spying on foreign governments per se. Hoekstra himself has said that “Spying is a matter of fact … foreign governments who are shocked they’ve been spied on should relax, because they, too, gather information.” Hoekstra is only upset because this incident involved a government he likes.
Much of this work will be carried out in the coming months by career bureaucrats working in the bowels of federal agencies, but the cumulative effect adds up to something larger: A final-year sprint by a president intent on using executive power to improve the lives of American workers and consumers — in many instances over loud objections from the businesses that will have to pay for it.
The toxic combination of lower capital expenditures and constrained output will result in another spike in prices, one that few will anticipate. The current Federal Reserve policy, which isn’t conducive to higher commodity prices, will also make the price spike more difficult to see ahead of time. However, in the interim, until policy changes at the Fed or OPEC are enacted, prices will remain below the marginal cost to maintain production.
“I think it’s fair to say as we look to comparisons with our sister states and across the national landscape that Nebraska’s use and policies regarding juvenile solitary confinement truly shock the conscience,” ACLU of Nebraska Executive Director Danielle Conrad said Monday morning.
Volkswagen’s offending 3.0 liter diesel engines, however, “run software logic and/or calibrations that produce compliant emission results under an ECM calibration referred to as the “temperature conditioning mode.” At other times during normal vehicle operation, the 3.0L Subject Vehicles’ ECM software run a separate “normal mode” that reduces the effectiveness of the emission control system.” The result of these two modes was “increased NOx emissions by a factor of up to 9 times above the EPA-compliant levels.”
Gold & Silver
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