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Daily Digest 9/19 - The Economics Of Obamacare, Get Your Children Good and Dirty

Monday, September 19, 2016, 8:55 AM

Economy

New York Faces High Security as Authorities Search for Bombing Suspect (jdargis)

Amid heightened security, another device was found at a train station in Elizabeth, New Jersey, Mayor Chris Bollwage said on Twitter. The device detonated while it was being examined with a robot, AP reported. No one was injured and officials didn’t say whether it was related to the Chelsea incident, the AP said. Several people were taken into custody overnight for questioning, the AP said.

The Chaos of the Manhattan Explosion, Captured by Cameras (jdargis)

Videos, some recorded on cellphones and security cameras, provided a crucial depiction of the explosion and its aftermath, a record of moments that would not have been so keenly felt for many otherwise: the chilling before and after of the street in Chelsea, images of the blast and its force, and one witness's chance to document the scene and express himself in a moment of fear.

From the Obscure to the Everyday, These Objects Tell the Story (jdargis)

Public health impacts all of us, in every corner of the globe, every day of our lives — not only our health and safety, but also how we live, what we wear, what we eat, what happens to our environment and the stewardship of our planet. For better or worse, these 100 objects have made their mark on public health. Some, such as vaccines, have helped keep us healthy. Others, including cigarettes, have made us sick. Some are surprising (horseshoe crabs?) and others make perfect sense (bicycle helmet). Some are relics from the past (spittoon) and others are products of our digital age (smartphone). We’ve compiled this list of 100 objects to recognize the Centennial of the Johns Hopkins Bloomberg School of Public Health — and to help us appreciate the vast reach of public health.

The Assets Of Trump And Their Mysterious Origins (jdargis)

The Foundation has been at the center of a long-brewing controversy surrounding a solicited $25,000 check it wrote to Florida Attorney General Pam Bondi just after she began making inquiries about joining Schneiderman's suit against Trump U, which she eventually "nixed." The Foundation, as a nonprofit, is forbidden to make political donations, and paid a $2,500 penalty to the IRS for breaking tax law. However, a copy of the check released by Schneiderman to the Times appears to undercut allegations that Trump paid Bondi explicitly to not investigate Trump U, as it was signed by Trump four days before a report in the Orlando Sentinel revealed Bondi was considering looking into joining Schneiderman's suit, though she received it four days after the article was published.

The Vexing Economics of Obamacare (jdargis)

The Affordable Care Act has been the most recent attempt at transmuting the pieces of health care into a well-functioning whole. Recent news, however, including Aetna’s sudden exit from states’ health-insurance exchanges and forecasts of a spike in insurance premiums, has cast serious doubt on the chances of that undertaking succeeding. Is this turbulence to be expected or is it a sign that Obamacare is buckling under the strain of impossibility?

Can India Become An LNG Juggernaut? (Josh O.)

Indian Oil, the state-run refining company, has announced that it expects to earn 15 percent of its total revenue from gas-related projects by 2021. At the moment, gas trading contributes only 5 percent to the company’s bottom line, and India overall relies on gas for 6.5 percent of its energy needs, lagging behind the global average of 23.8 percent. India Oil is set to invest $27 billion in oil and natural gas inside India, including a planned “mega refinery” in partnership with foreign capital. The company has reportedly secured 13 million tons of LNG regasification capacity across terminals in India, and has retained a commitment to importing two cargos of LNG from the Dahej import terminal every month.

Arctic sea ice coverage is at its 2nd lowest on record (jdargis)

That puts 2016 in second place for the lowest minimum on record—statistically tied with 2007, which was within the error bars of this year's data. The record low is retained by 2012, which fell to an incredible 3.39 million square kilometers. This continues the trend of marked decline observed by satellites since 1979.

Get Your Children Good and Dirty (Aaron M.)

Our friend Julia moved to a small free-range pig and poultry farm when her first child, Jedd, was a preschooler. When her second baby was born, she would strap him on her back every morning so that she could go to the chicken coop to pick up eggs. Jedd would chase and ride the chickens—and sometimes taste their feed and touch the fresh eggs. A couple of times, she even caught him chewing on something he had picked up from the ground.

Gold & Silver

Click to read the PM Daily Market Commentary: 9/16/16

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]. 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."

6 Comments

Time2help's picture
Time2help
Status: Diamond Member (Offline)
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Posts: 2766
Interesting...

Mike Pence’s VP Role Model Is Dick Cheney (Huffington Post)

Quote:

Republican vice presidential nominee Mike Pence said Sunday he wants to be like Dick Cheney.

Pence named the former vice president, who served under George W. Bush, as his role model for the No. 2 spot in the White House.

“I frankly hold Dick Cheney in really high regard in his role as vice president and as an American,” Pence said on ABC’s “This Week.”

Pence praised Cheney for being “very active” in working with the House and Senate. Cheney left office in 2009 with a 13 percent approval rating.

Pressed on Cheney’s controversial legacy as a controlling vice president, wielding outsized influence over the president, Pence didn’t budge.

“I would hope that my relationships over my 12 years in Congress and my four years here as governor of Indiana would help carry Donald Trump’s vision to make America great again,” Pence said.

 

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4062
Central banks boost gold reserves as low interest rates bite

Central banks boost gold reserves as low interest rates bite

The Guardian-42 minutes ago
China and Russia have led the switch to gold away from foreign currencies, ... of gold accruals since 1950-65, when central banks and treasuries acquired a net ...

All eyes are on BOJ as negative rates expected to make a comeback

CNBC - ‎12 hours ago‎
Last week, a report in the Japanese business daily Nikkei suggested the negative interest rate policy could become the centerpiece of future monetary easing, while the BOJ was considering a reduction in its purchases of long-term Japanese government ...

US Federal Reserve expected to keep interest rates on hold

The Guardian - ‎Sep 18, 2016‎
The Fed's chair, Janet Yellen, has hinted at a rate rise before the end of this year. Photograph: Kevin Lamarque/Reuters. Phillip Inman Economics correspondent. Sunday 18 September 2016 11.41 EDT Last modified on Sunday 18 September 2016 17.00 ...

The Federal Reserve confronts a possibility it never expected: No exit.

Washington Post - ‎3 hours ago‎
Europe and Japan introduced negative interest rates, in which institutions are paid to borrow money. Helicopter money, in which a central bank directly finances government spending, doesn't seem like a remote possibility. “We've been out on the ...

Japanese companies issue record amount of debt to secure cheap ...

Reuters UK-10 hours ago
The surge comes after the Bank of Japan adopted negative interest rates in ... and highlight what low and negative interest rates are supposed to achieve.

Warning sign on China debt reaches record level: report

Daily Mail - ‎8 hours ago‎
China's total debt hit 168.48 trillion yuan ($25 trillion) at the end of last year, equivalent to 249 percent of national GDP, the China Academy of Social Sciences, a top government think tank, has estimated. Last month all of China's "Big Four" state ...
 

China facing full-blown banking crisis, world's top financial watchdog warns

Telegraph.co.uk - ‎8 hours ago‎
Outstanding loans have reached $28 trillion, as much as the commercial banking systems of the US and Japan combined. The scale is enough to threaten a worldwide shock if China ever loses control. Corporate debt alone has reached 171pc of GDP, and it ...

State debt a pending national financial crisis

Washington Times-15 hours ago
Across the country, states have racked up $1.3 trillion in debt. In fact, 80 percent of states are in debt, meaning 40 out of 50 states do not have enough money to ...

Debt Mismatch Leaves Emerging Nations Exposed to Shock, BIS Says

Bloomberg-3 hours ago
Developing-nation companies including state-owned enterprises have accumulated $3.2 trillion of dollar debt, the Basel-based BIS said in an annual report ...

World set for crash WORSE than 2008 when MONSTER debt bubble ...

Express.co.uk-25 minutes ago
It comes as global central bank balance streets have gone from $6trillion in 2007 ... (QE) programmes that involves buying the bonds - or debts - of governments ...

In a low-growth world, even pension funds chase riskier investments

CanadianBusiness.com-2 hours ago

The difference amounts to a loss of output this year of US$1.5 trillion, according to the ... Statistics Canada reported September 15 that the credit-market debt of ..

Nigeria's foreign exchange reserves fall below $25b

Nigeria Today-11 hours ago
The reserves have also lost about $1.6 billion since the inauguration of the flexible ... The head of the nation's debt broker, Abraham Nwankwo, has already ...

Nigeria: S&P Further Downgrades Nigeria as Oil Crisis Worsens

AllAfrica.com - ‎4 hours ago‎
The bonds have returned 14 percent this year, compared with the average of 16 percent for sub-Saharan African sovereign dollar debt, according to Bloomberg indexes. Moody's Investors Service and Fitch Ratings Ltd. downgraded Nigeria to four levels ...

Budget deficit to soar toward legal limit

Jakarta Post-14 hours ago
Indonesia's state budget deficit is set to soar to its highest level in decades and almost ... The government expected a Rp 219 trillion (US$16.65 billion) revenue ...

Chicago: Are you staying or going?

Chicago Tribune-3 hours ago
Chicago Public Schools began the school year with a $1 billion operating deficit, and the Chicago Teachers Union might be headed for a strike next month.

Colombia and Brazil Feel the Pain as Fitch Ratings Sets Sovereign ...

Finance Colombia-2 hours ago
Fitch Ratings has made an historic number of downgrades to sovereign ratings ... facing developed market sovereigns are political risks and high debt levels.”.

As Student Loan Defaults Increase, So Do the Scams

NBCNews.com-2 hours ago
The dramatic rise in student loan defaults has created a space for scammers ... Most so-called debt relief companies operate the same way, Yu told NBC News.

 

lambertad's picture
lambertad
Status: Silver Member (Offline)
Joined: Aug 31 2013
Posts: 169
Economics of Healthcare

 

I sat through a lecture from a well known Endocrinologist today and she was speaking about DEXA scans for Osteoporosis/Osteopenia. Long story short, DEXA has limitations, and part of the problem with it is that it requires it's own room for procedures and a Tech that is certified to run the machine. Tests average about $75 for Tech time and equipment cost, but hospitals are only reimbursed about $60-65 per procedure. So, it's actually a losing wager for the hospital. 

So, why does this matter?

Hospitals will soon be going to something called a QCT for bone mineral density testing. It's better for hospitals because you can use your CT machine to do the tests and you don't need a dedicated Tech to run your DEXA machine as the same Tech who runs the CT can just run the QCT test. The problem is that it is a more expensive test to get similar results as the DEXA scan, but why would hospitals want to eat the losses when they can pass them on to the health insurers, consumers, or the government? 

 

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2766
Bankers Slave's picture
Bankers Slave
Status: Platinum Member (Offline)
Joined: Jul 26 2012
Posts: 519
Definately one of

the biggest wasters of tax payers reserve notes and oxygen.  "See you in hell George!"

 

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
A truncated history of Cold Fusion.

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