Posts Tagged ‘health care debate’

Obama Wins Health Care Debate

Obama Wins Health Care Debate

Courtesy of Mish

Tonight President Obama did what he had to do – deliver a powerful speech on health care. The Huffington Post has full Text and Videos of Obama’s Health Care Speech for those who missed it.

Bear in mind this is NOT an endorsement of Obama’s plan. Indeed, president Obama does not even have a plan. Rather, he will pass whatever regulation gets passed by Congress.

Victory for Obama is getting something, anything, passed no matter how good or bad that legislation is. Moreover, we can easily see what he is willing to give up to get health care legislation passed.

For Republicans Something Better Than Nothing

The only standing ovation Obama received from the Republicans was on the issue of tort reform. That is the price Obama is willing to pay to get bipartisan support. All it takes is for a few senators to believe "something is better than nothing".

For icing on the cake, Obama praised Senator McCain. Once again, all Obama needs to do is win a handful of Republican senate votes to have this sail through as bipartisan effort. He will settle for a couple of senate votes.

Jeers Over Illegal Alien Coverage

Measured by very loud jeers, and rightfully so, no one in Congress believes Obama’s claim about illegal aliens receiving care. President Obama is being disingenuous and most in Congress know it. However, most won’t publicly admit it.

It is highly likely illegal aliens will not pay into the plan but will receive care anyway.

President Obama repeated his claim that no one will lose existing coverage. He cannot possibly know. If businesses decide it is cheaper to dump employees into the government plan they will do so in mass.

Where’s The Good Faith Deposit?

Earlier today Caroline Baum stated Obama’s Promises Could Use a Good-Faith Deposit

So what should the president say or do this evening in his attempt to enlist support for his health-care overhaul? He could start by explaining the seeming inconsistency in his plan to save money by spending money.

“If I went to my board of directors with a similar proposal for ‘cost reduction,’ they would laugh me out of the conference room — and then my job!” writes reader Michael Dunlop, vice president of operations/IT at Parts Associates Inc. in Cleveland.

Spend and


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Phil's Favorites

Ransomware can interfere with elections and fuel disinformation - basic cybersecurity precautions are key to minimizing the damage

 

Ransomware can interfere with elections and fuel disinformation – basic cybersecurity precautions are key to minimizing the damage

Ransomware attacks often strike local government computer systems, which poses a challenge for protecting elections. PRImageFactory/iStock via Getty Images

Courtesy of Richard Forno, University of Maryland, Baltimore County

Government computer systems in Hall County, Georgia, including a voter signature database, were ...



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Zero Hedge

In Unprecedented Cost-Cutting, Exxon Is Firing 15% Of Its Workers To Keep Dividend

Courtesy of ZeroHedge View original post here.

It may sound unbelievable that just seven years ago Exxon was the world's largest company.

Of course, all that changed with the advent of the FAAMGs and the Fed blowing the biggest tech bubble in history which together with the plunge in the price of oil, meant the market cap of Exxon has tumbled to just $136BN, below that of Zoom. Yes, we have gotten to the point in the bubble where a video chat with no barriers to entry, zero infrastructure and barely any profit is more val...



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ValueWalk

Donald Trump Is Headed For Another Shocking Victory: How To Position Your Portfolio For This "Obvious" Outcome

By David Pinsen. Originally published at ValueWalk.

I predict President Trump will win re-election with 312 electoral votes. Here I’ll show how I came up with that prediction, and how you can bet on it (or against it). I’ll also show how you can protect your portfolio against the risk of a disputed election.

Electoral Vote Prediction: 312-226 Obvious In Hindsight

The author’s election prediction. 

The winner of the 2016 Presidential election will seem obvious in hindsight. If former Vice President Joe Biden wins, that will be consistent with the polls.

The RealClearPolitics National Polling Average

However, pollster Robert Cahaly of the Trafalgar Group argues that many ...



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Kimble Charting Solutions

Is the Nasdaq About To Fall 25 Percent?

Courtesy of Chris Kimble

Technology is the lifeblood of our current economy and dictates future innovation. The sector has also taken a primary leadership role in the 11-year bull market.

But, as most of you are aware, that doesn’t mean that tech stocks are always smooth sailing. In fact, the Nasdaq and tech stocks can be a bumpy ride! Just check out today’s chart!

Displayed here is a “monthly” chart of the Nasdaq Composite (IXIC) which highlights some a handful of large bearish reversal patterns.

The month of...



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Biotech/COVID-19

Achieving COVID-19 herd immunity through infection is dangerous, deadly and might not even work

 

Achieving COVID-19 herd immunity through infection is dangerous, deadly and might not even work

Under relaxed public health restrictions, deaths will spike far before herd immunity is achieved. AP Photo/Mark Lennihan

Courtesy of Steven Albert, University of Pittsburgh

White House advisers have made the case recently for a “natural” approach to herd immunity as a way to reduce the need for ...



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Chart School

RTT browsing latest..

Courtesy of Read the Ticker

Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.



Date Found: Monday, 18 May 2020, 03:35:21 AM

Click for popup. Clear your browser cache if image is not showing.


Comment: Ooh so pretty, so pretty, ooh so!



Date Found: Thursday, 21 May 2020, 01:03:17 AM

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Comment: Charlie Lee: All Things Litecoin (#MimbleWimble, ...



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Politics

How to track your mail-in ballot

 

How to track your mail-in ballot

Make sure you know when your ballot is arriving, and whether it’s been accepted for counting back at your election office. erhui1979/DigitalVision Vectors via Getty Images

Courtesy of Steven Mulroy, University of Memphis

Many voters who want to participate in the election by mail are concerned about when they’ll receive their ballot – and whether it will get back in time to be counted.

The pandemic has caused interest in ...



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Digital Currencies

Bitcoin: the UK and US are clamping down on crypto trading - here's why it's not yet a big deal

 

Bitcoin: the UK and US are clamping down on crypto trading – here's why it's not yet a big deal

Where there’s a bit there’s a writ. Novikov Aleksey

Courtesy of Gavin Brown, University of Liverpool

The sale and promotion of derivatives of bitcoin and other cryptocurrencies to amateur investors is being banned in the UK by the financial regulator, the Financial Conduct Authority (FCA). It is a...



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Mapping The Market

COVID-19 Forces More Than Half of Asset Management Firms to Accelerate Adoption of Digital Marketing Technology

By Jacob Wolinsky. Originally published at ValueWalk.

There is no doubt that the use of technology to support client engagement initiatives brings both opportunities and threats but this has been brought into sharp focus this year with the COVID-19 pandemic.

The crisis has brought to the fore the need for firms to enable flexibility in client engagement – the expectation that providers will communicate to clients on their terms, at their speed and frequency and on their preferred channels, is now a given. This is even more critical when clients are experiencing unparalleled anxiety from both market conditions and their own personal circumstances.

...

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The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...



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Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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Promotions

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Feb. 26, 1pm EST

Click HERE to join the PSW weekly webinar at 1 pm EST.

Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

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