Daily Digest

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Daily Digest 4/18 - Healthcare Costs Out Of Control, How To Save Your Privacy

Wednesday, April 18, 2018, 9:38 AM

Economy

Venezuelan farms have begun feeding their workers — so they don't faint from hunger

In a country where hunger has become so commonplace that Venezuelans have lost an average of 11 kilos, or about 24 pounds, the idea of farmers reducing their production sounds counter-intuitive and even inhumane.

A family was billed $937 for a baby's ointment—and that's more than most Americans can afford

Although such an expense is nothing out of the ordinary, especially for young parents, Vox reports, most Americans couldn't afford it. Only 39 percent of American families said they had the savings to cover a $1,000 emergency,according to a Bankrate survey from earlier this year.

State budget reserve could run out after two more years of funding government (Alaska)

According to David Teal, the Alaska Legislative Fiscal Analyst since 2014, lawmakers have pulled around $2 billion to $2.5 billion per year from the account, draining the reserve. Once over $10 billion strong, the CBR balance is now barely more than $2 billion. By pulling $600 million to help pay for the budget, lawmakers are slashing nearly one-third of the CBR's balance, which means the state could only sustain current spending and revenue for two more years.

S&P lowers CT’s bond rating citing hefty debt

Connecticut ended the last fiscal year with nearly $24 billion in taxpayer-backed bonded debt, and has one of the highest per capita debt ratios in the nation. Hitchcock also noted that the state has been exploring several options to bolster its poorly funded pension program for municipal teachers, including diverting new General Fund resources such as lottery proceeds toward that system.

Russia dumps US debt, reducing holdings to lowest level in a year

Russian Finance Minister Anton Siluanov said in February that Russia is not sticking to American debt and can replace it if it finds an adequate substitution elsewhere. “We are ready to invest in the securities issued by other sovereign states, the main thing is that they should be low-risk and accordingly bring income,” Siluanov said at the time.

IMF Spots Trouble Ahead for the Global Economy After 2020

But the guardians of the global economy face challenges beyond trade, including the end of years of easy central-bank money and a world debt pile that has climbed to a record $164 trillion. Financial markets have been choppy this year, with U.S. stocks down slightly after a strong performance in 2017.

UK PM’s husband’s Capital Group is largest shareholder in BAE, shares soar since Syrian airstrikes (blackeagle)

The fact has not gone unnoticed by some on Twitter, who agree that BAE Systems has done very well out of the UK-US-France allied airstrikes on Syria, which were sanctioned by Theresa May. It has been reported that the UK’s contribution to military strikes was to fire eight ‘Storm-Shadow’ missiles at an alleged chemical weapons facility, each of which cost £790,000 ($1.13 million) – totaling £6.32 million ($9 million). The missiles were manufactured by BAE Systems.

How to save your privacy from the Internet’s clutches (blackeagle)

A great example of that is Facebook’s Nearby Friends. The feature lets you share your position with your friends so — and here’s that shiny promise — you can more easily hang out with them. But do you know anyone who is actively using this feature? Yet millions of people started sharing their exact location with Facebook for a feature that’s now buried and mostly unused. Meanwhile Facebook is actively using your location to track your offline habits so it can make money targeting you with adverts.

Gold & Silver

Click to read the PM Daily Market Commentary: 4/17/18

Provided daily by the Peak Prosperity Gold & Silver Group

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5 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4118
World Debt Hits Record $164 Trillion

World Debt Hits Record $164 Trillion

Bloomberg-16 minutes ago
High levels of sovereign debt could make it difficult for governments to refinance when their debt reaches maturity, especially if financing conditions tighten, the IMF said. Large debts also impede the ability of nations to increase spending if their economies fall into recession, and may cause a drag on growth, according to ...

Global public and private debt swelled to 225 percent of global gross domestic product in 2016, the last year for which the IMF provided figures, the fund said Wednesday in its semi-annual Fiscal Monitor report. The previous peak was in 2009, according to the Washington-based fund.

Projected US debt hike 'stands out' among other advanced economies: IMF

Washington Times 53m ago

NJ adding debt binge to tax hikes as spending soars

Press of Atlantic City-7 hours ago
Toward the end of last month, the state Department of Treasury reported New Jersey borrowed $3.2 billion the past fiscal year, bringing its bonded debt to a record $46 ... Add in the $155 billion that lawmakers have promised to spend, mainly on pensions and retiree health benefits for government workers, and New Jersey ...

 

Matt Holbert's picture
Matt Holbert
Status: Silver Member (Offline)
Joined: Oct 3 2008
Posts: 110
A family was billed $937 for a baby's ointment...

When linking to the above captioned article I got this message: 

We're sorry, the page you were looking for isn't found here.

I'm not surprised that the article has (possibly) been retracted. As I may have mentioned at PP before, the medical industrial complex controls the dialogue. I was recently billed $8000 per hour or so for an emergency room exam and the examining physician indicated that it was not an emergency. Please note that the hourly amount is more than the average fast food worker makes in 6 months! I paid the bill in order to keep the collectors from harassing me. I had no recourse because the emergency room physicians were not in network. It's called surprise billing and many states have outlawed it. Not Washington State. I'm sure these medical "professionals" are spending a ton of money to keep the gravy train coming.

I switched to another insurer at the start of 2018. A representative of the new insurer, Kaiser, was surprised to learn that there are no emergency room physicians in network here in Spokane. If PP members are in the Inland NW and rely on Spokane hospitals for emergency services, please contact me through PP. Let's work to stop the insanity.

jeaninedargis's picture
jeaninedargis
Status: Bronze Member (Offline)
Joined: Jul 13 2009
Posts: 29
Thanks for letting me know,

Thanks for letting me know, Matt! I fixed the link, the HTML code was just wrong. I found the article's full address from searching cnbc.com. 

blackeagle's picture
blackeagle
Status: Silver Member (Offline)
Joined: May 16 2013
Posts: 221
Worth a smile

mntnhousepermi's picture
mntnhousepermi
Status: Silver Member (Offline)
Joined: Feb 19 2016
Posts: 159
cant read linked articles to Miami Herald

they have a pay wall.....

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