Posts Tagged ‘socialized medical scheme’

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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Kimble Charting Solutions

Banks Should Send Critical Message To Stocks This Week!

Courtesy of Chris Kimble

Bank earnings could go a long way to impacting the broad market in a big way this week. Wells Fargo, Goldman Sachs, Bank Of America, JP Morgan, Morgan Stanley all announce earning the next couple of days.

As these earning announcements are to take place, the Bank Index (BKX) finds itself facing a key breakout test.

The index remains inside of bullish rising channel (1), as it has created a series of higher lows and higher highs over the past 8-years.

The index has little to brag about over the past 20-months, as it has created a series of lower highs and lower lows inside of falling chan...



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Insider Scoop

Economic Data Scheduled For Tuesday

Courtesy of Benzinga

  • St. Louis Federal Reserve Bank President James Bullard is set to speak in London, England at 4:25 a.m. ET.
  • The Johnson Redbook Retail Sales Index for the latest week is schedule for release at 8:55 a.m. ET.
  • Atlanta Federal Reserve Bank President Raphael Bostic will speak at 9:00 a.m. ET.
  • The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
  • Kansas City Federal Reserve Bank President Esther George is set to speak in Chicago, Illinois at 12:45 p.m. ET.
  • San Francisco Federal Reserve Bank President Mary Daly will speak in Los Angeles, California at 3:30 p.m. ET.

Posted-In:...



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Zero Hedge

African Swine Fever Devastates China's Pig Herd In September 

Courtesy of ZeroHedge View original post here.

In August, we reported that at least half of China's breeding pigs have died from African swine fever or been slaughtered to contain the spreading of the disease. 

New figures published Monday from the Ministry of Agriculture of the People's Republic of China showed the pig-apocalypse...



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Phil's Favorites

Maxime Bernier either doesn't know or doesn't care that immigrants have a positive impact on the economy

 

Maxime Bernier either doesn't know or doesn't care that immigrants have a positive impact on the economy

The platform of the People’s Party of Canada gets a lot of things factually wrong about the economic impact of immigration. THE CANADIAN PRESS/Justin Tang

Courtesy of Arvind Magesan, University of Calgary

The anti-immigration rhetoric heard on stage at the national leaders’ debates may have surprised many Canadians. Calls from the political fringes for major immigration reform to preserve or restore some imagined character of the state has been a trend in other western industrialized democracies like France, the Netherlands and the United States, but up till...



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The Technical Traders

Market Trends Continue to Hold True

Courtesy of Technical Traders

CLICK HERE TO GET REAL TIME TRADE ALERTS!

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Chart School

US Economic Review 2019Q4

Courtesy of Read the Ticker

An investor must form an opinion of the wider economic risk, here is a small sample of readtheticker.com US economy review.


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Example of the first chart in the video.


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Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination of ...

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Digital Currencies

Zuck Delays Libra Launch Date Due To Issues "Sensitive To Society"

Courtesy of ZeroHedge View original post here.

Authored by William Suberg via CoinTelegraph.com,

Facebook is taking a much more careful approach to Libra than its previous projects, CEO Mark Zuckerberg has confirmed. 

“Obviously we want to move forward at some point soon [and] not have this take many years to roll out,” he said. “But ...



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Lee's Free Thinking

Look Out Bears! Fed New QE Now Up to $165 Billion

Courtesy of Lee Adler

I have been warning for months that the Fed would need new QE to counter the impact of massive waves of Treasury supply. I thought that that would come later, rather than sooner. Sorry folks, wrong about that. The NY Fed announced another round of new TOMO (Temporary Open Market Operations) today.

In addition to the $75 billion in overnight repos that the Fed issued and has been rolling over since Tuesday, next week the Fed will issue another $90 billion. They’ll come in the form of three $30 billion, 14 day repos to be offered next week.

That brings the new Fed QE to a total of $165 billion. Even in the worst days of the financial crisis, I can’t remember the Fed ballooning its balance sheet by $165 bi...



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Biotech

The Big Pharma Takeover of Medical Cannabis

Reminder: We are available to chat with Members, comments are found below each post.

 

The Big Pharma Takeover of Medical Cannabis

Courtesy of  , Visual Capitalist

The Big Pharma Takeover of Medical Cannabis

As evidence of cannabis’ many benefits mounts, so does the interest from the global pharmaceutical industry, known as Big Pharma. The entrance of such behemoths will radically transform the cannabis industry—once heavily stigmatized, it is now a potentially game-changing source of growth for countless co...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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