“We’re going to bring premiums down” and “get insurers back into the markets,” Representative Greg Walden, a Republican from Oregon, told MSNBC on Thursday morning. Walden was one of a handful of lawmakers who met with Trump on Wednesday about an amendment that would add $8 billion to help insure people with pre-existing conditions, a measure designed to encourage more lawmakers to vote for the bill. “I think we’re on the right track here.”
Even if the bill manages to pass the House, it faces a very tough road in the Senate. At least eight Senate Republicans are strongly opposed to different elements of the measure, which also faces potential procedural hurdles.
Best Investment Practices? (Axel M.)
If many want to buy insurance, someone needs to write insurance. The one thing more profitable than buying stocks may well have been to write insurance. Funds that “sell volatility”, amongst others, have been amongst the best performers in the first quarter. Mind you, we do not recommend you touch any such product with a broomstick unless you know exactly what you are doing and able to stomach some serious losses. The theory behind many of these funds is that you collect what amounts to an insurance premium when volatility is low; the periods when you have to pay up are short and intense, but those setbacks are ultimately temporary.
“It is not meant to track anyone. The purpose is not to create Uncle Sam who will keep snooping. It is meant to make India a tax-compliant society and ensure that the benefits of welfare schemes reach the poor.”
The court told the official that the examples given by him were not appropriate, adding that a balance had to be kept between an individual's right and the state's actions.
The Danger Of 'Black Velvet' Stocks (Tiffany D.)
As the strategist noted, there’s no new investment tool or category. It’s just the way the vast majority of Americans have been convinced to invest their money: Set up an investment account, and tell the brokerage’s computer system that you want to buy X amount of ETFs or similar passive mutual funds each month.
This comic was inspired by this three-part series on the backfire effect from the You Are Not So Smart Podcast.
Why Did The Tourist Cross The Ocean? (bobwise32952)
I hope to see the big, classic mats of Sargassum, ten feet wide and hundreds of yards long, typical of the Sargasso sea. The weed and many fish and crabs that live in it spend their entire life cycle at sea; eels migrate here from the coasts of America and Europe to spawn in this "Rainforest of the Ocean." But the mats only hang together when wind, wave and current are right. On another voyage through the Sargasso, I saw only isolated clumps.
Debt Is Financial Life? Nonsense (GE Christenson)
Yes, the total U.S. increases debt rapidly – about 9% per year on average since 1971. A graph of U.S. national debt looks similar and shows about the same rate of increase.
Gold bullion and coins are NOT debt and have no counter-party risk, in contrast to debt based assets. But who cares about gold?
Because 45% of Americans are paying up to half of their monthly income to pay down credit cards and debt, they can’t use this income to purchase new goods and services. Thus, a staggering amount of the U.S. Gross Domestic Product (GDP) has been brought forward… thanks to easy credit and credit cards.
In the past, the International Energy Agency (IEA) has faced down criticism that its global energy market forecasts have overestimated the role of oil and underplayed the boom in renewable energy sources. But last month the tone changed. The agency warned oil and gas companies that failing to adapt to the climate policy shift away from fossil fuels and towards cleaner energy would leave a total of $1 trillion in oil assets and $300bn in natural gas assets stranded.
The increased internal power struggle, in which Mohammed bin Salman and his allies have the upper-hand, doesn’t bode well for the months to come. Stability on political and security levels are only possible if opposition elsewhere is countered. To quell political (or royal) discord, King Salman’s government must continue to push for higher oil prices and revenues. This will present the Kingdom with a major challenge. As prices are still floundering around $50 per barrel, Saudi Arabia will have to use all of its power and international influence to get a grip on volatile oil markets. Riyadh will need a continuous influx of cash to support higher government expenses, subsidies, and salaries while also investing in the ongoing economic diversification projects. An OPEC production cut extension is the only option.
Gold & Silver
Provided daily by the Peak Prosperity Gold & Silver Group
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