Daily Digest

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Daily Digest 5/22 - What The Health Insurance Market Needs, Lights Going Out In The Middle East

Monday, May 22, 2017, 9:48 AM

Economy

The Lights Are Going Out In The Middle East (Time2Help)

Over the past eight months, I’ve been struck by people talking less about the prospects of peace, the dangers of isis, or President Trump’s intentions in the Middle East than their own exhaustion from the trials of daily life. Families recounted groggily getting up in the middle of the night when power abruptly comes on in order to do laundry, carry out business transactions on computers, charge phones, or just bathe and flush toilets, until electricity, just as unpredictably, goes off again. Some families have stopped taking elevators; their terrified children have been stuck too often between floors. Students complained of freezing classrooms in winter, trying to study or write papers without computers, and reading at night by candlelight. The challenges will soon increase with the demands for power—and air-conditioning—surge, as summer temperatures reach a hundred and twenty-five degrees.

Where Both the ACA and AHCA Fall Short, and What the Health Insurance Market Really Needs (jdargis)

Faced with unsubsidized premiums and flawed products, the majority of consumers who tried to buy a plan remained uninsured. Only healthy people could get policies, and only those with good incomes could afford the premiums. States such as New Jersey that experimented with requiring insurers to take all comers, regardless of preexisting conditions, experienced declining enrollment and rising premiums because they did not adopt needed complementary reforms, including subsidies, to encourage enrollment by healthy individuals. Returning to the status quo ante — before the ACA — is not a viable option for the individual markets.

Longer jail sentences do deter crime, but only up to a point (jdargis)

This result should be a win-win for policymakers. Shorter mandatory minimum sentences could improve the deterrent effect of (discretionary) extra jail time for worse crimes, save public money, and restore people's freedom. Policymakers in America, where 2.2 million Americans were incarcerated in 2014, seem to be coming round to this idea. Reform of the criminal justice system is one of the few causes that still has bipartisan support; the Sentencing Reform and Corrections Act of 2015, which would reduce mandatory minimum sentences for crimes including some drug offences, is currently going through Congress. And last week, the Maryland Senate approved a bill that would put more emphasis on treatment rather than punishment.

It Pays To Ignore Wall St. (Tiffany D.)

Clearly, you won’t find many traders who can say they knew Amazon was destined for greatness during its rather sharp declines. Even Warren Buffett said he “underestimated the brilliance” of Amazon CEO Jeff Bezos.

However, there are those who didn’t follow the common crowd wisdom. And that’s what I want to highlight for you today: When you’ve done your research — when you know without a doubt that your trading thesis is correct — don’t let Wall Street scare you out of your stake.

Modernism - Part Three (Jesper A.)

On and off I have mentioned words such as cybernetics and complexity, the big thing for me is how time can be added to the antiquated science (if science it is) of cybernetics (which might result in it going from quizzical to nebulous). Cybernetics we must remember is a pseudo-science, and I am a cyberneticist, so I should know. Sublunary or fluxological ideas are all fine, the question is which applications do mind-sets have, be they philosophical or just hypothetical.

U.S. regulators approve VW diesel fix for 84,000 vehicles (jdargis)

Until regulators approved a fix in January, VW had been barred by authorities from selling 12,000 new 2015 diesel Golf, Beetle and Passat cars after the German automaker admitted to using secret software to exceed emission limits for six years.

In April, VW resumed selling those 2015 diesel cars in the United States and said they accounted for nearly 12 percent of its April sales.

“By 2030, 95% Of Consumers In The World Won’t Own A Car” (Michael K.)

Mustafa Mohatarem, chief economist for General Motors, earlier this month said that he doesn’t expect to see surging growth in Lyft and Uber rides, and carsharing through Maven and Zipcar, along with the introduction of autonomous vehicles, to mean we’ll see a lot less vehicles on roads in the next 10 years. With drivers of these shared rides putting 25,000 to 50,000 miles per year on their cars, it will accelerate the replacement cycle, he said.

The Race to Understand Black Carbon’s Climate Impact (Yoxa)

Black carbon is a product of incomplete combustion from forest fires and the burning of both wood and fossil fuels, and its influence on the Arctic is like the proverbial death by a thousand cuts. At the top of the world, black carbon can land on snow and ice, darkening them, which makes them soak up more heat from the sun and melt faster. It can also absorb and radiate heat from sunlight as it floats through the atmosphere.Black carbon may be worsening the extreme warming felt all over the Arctic, record temperatures that are making permafrost disintegrate and sea ice melt. And if the Arctic gets too much warmer, it is, in the long term, like setting off a giant Rube Goldberg machine — once Arctic ice melts, seas rise; ocean waters absorb more heat; methane, another potent greenhouse gas, escapes from the permafrost.

Gold & Silver

Click to read the PM Daily Market Commentary: 5/19/17

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."

1 Comment

Edwardelinski's picture
Edwardelinski
Status: Gold Member (Offline)
Joined: Dec 23 2012
Posts: 309
HBR and ACA Healthcare:

Elizabeth Warren has just come out in support of single-payer healthcare.Her plans include rounding up other Dems to support as well.More to come over the next few months...

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