Daily Digest

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Daily Digest 10/15 - Eurozone Factory Output Slumps, Healthcare Costs Set To Rise

Wednesday, October 15, 2014, 9:59 AM

Economy

Health Premiums And Costs Set To Rise For Workers Covered At Work

Fall is enrollment season for many people who get insurance through their workplace. Premium increases for 2015 plans are expected to be modest on average, but the shift toward higher out-of-pocket costs overall for consumers will continue as employers try to keep a lid on their costs and incorporate health law changes.

Many insured struggle with medical bills, poll shows

The survey found the biggest financial worries among people with so-called high-deductible plans that require patients to pay a big chunk of their medical bills each year before insurance kicks in.
Such plans already represented a growing share of employer-sponsored coverage. Now, they’re also the mainstay of the new health insurance exchanges created by Obama’s law.

Obamacare website won’t reveal insurance costs for 2015 until after election

Even so, details about cost increases are trickling out in states with pivotal Senate contests: Alaska, Iowa and Louisiana. All three states are wrestling with double-digit premium hikes from some state insurance companies on the exchange, which has fueled another round of Republican attacks on the Affordable Care Act.

France's Sapin rules out 2015 budget changes

To the dismay of France's EU partners, the current budget draft confirms that France will miss a target to bring its deficit below an EU-mandated limit of three percent of output next year and will only attain that goal by 2017.

Italy says will not increase planned deficit cut in 2015 budget

Italy has no intention of tightening its 2015 budget plans, Economy Minister Pier Carlo Padoan said on Tuesday, despite reports that its budget might be rejected by the European Commission.

Eurozone Factory Output Slumps

Factory output across the 18 countries that use the euro slumped in August, driven by the largest decline in the manufacture of capital goods since the months following the collapse of Lehman Brothers, and possibly reflecting a similar decline in global business confidence.

ZEW doesn't rule out recession in Germany

Germany's ZEW institute doesn't rule out a recession in Germany, after a plunge in the ZEW sentiment survey Tuesday added to evidence that the eurozone's most powerful economy is on the skids.

More QE might be appropriate if U.S. economy faltered- Fed's Williams

The head of the San Francisco Federal Reserve Bank on Tuesday said he would be open to another of round asset purchases if inflation trends were to fall significantly short of the U.S. central bank's target.

Draghi's 'whatever it takes' pledge helped save euro, ECB says

European Central Bank President Mario Draghi helped save the euro with his pledge to do "whatever it takes" as lenders prepared for a collapse of the 18-nation currency, an ECB lawyer said at a hearing.

Americans face post-foreclosure hell as wages garnished, assets seized

Many thousands of Americans who lost their homes in the housing bust, but have since begun to rebuild their finances, are suddenly facing a new foreclosure nightmare: debt collectors are chasing them down for the money they still owe by freezing their bank accounts, garnishing their wages and seizing their assets.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/14/14

Provided daily by the Peak Prosperity Gold & Silver Group

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Dutch Bikers vs ISIS

Dutch biker gang grabs rifles, joins Kurds in fight against ISIS

Posted for a good laugh.

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