It’s about time, but it’s too late now. I guess there is some comfort in knowing that the even the statist Gray Lady sees what Obamcare actually is. Though I am going to guess that the New York Times editorial board isn’t going to come out for repeal even though the program was sold with out and out lies and is pouring billions in taxpayer dollars into the pockets of the health insurance companies.
For the bankers the main issue is who will keep the current implied bailout regime in place? Who will let the Federal Reserve do what it does without criticism? Who will keep the light from shining on them? Who won’t question the current system of debt piled on debt piled on debt. Who will happily do The Street’s bidding?
Hey Hillary, you’re “pragmatic.” You look pretty good. Here’s $100 million. Now go knock em’ dead.
I like Netflix as much as the next guy. Great shows. Pretty good movies for the most part. It’s a good company which delivers a high quality product at a reasonable price. And House of Cards which is produced by Netflix is a favorite in my house.
But people should be aware that the president’s recent pronouncement in support of “net neutrality” has a long back story. A giant part of this story is Netflix and by extension the entertainment industry not wanting to pay for overwhelming ISP networks.
The big insurers have found a nice big(ger) taxpayer funded stream of income in Medicaid under Obamacare. The giant companies are hoping that politicians who will expand the program on the state level will get elected tomorrow.
Really? And who or what does then? The government? People like you Ms. Clinton? I don’t think so.
Businesses create (real) jobs, particularly small businesses. The kind which don’t have lobbyists in Washington and won’t be ponying up $20,000 a plate at your next fundraiser.
This is a fantastic slice of life from the streets of the Big Apple.
Right now tobacco is in sort of a legal netherworld. It’s legal, but also frowned upon by polite society and it is taxed heavily. The attached article is what it looks like in this netherworld.
It’s never time to panic. That is certainly doubly true when it comes to investing. But it takes a disciplined mind to avoid freaking out as shares continue to march lower day after day. And in the midst of the chaos to make wise decisions.
Hernando de Soto is one of my favorite economists. (Though as with almost anyone I disagree with him on some important points.) A champion of capitalism and everyday people he is my kind of guy.
His argument basically goes like this:
Poor people are shut out of economies. Cronyism and red tape make building businesses almost impossible. In many countries the poor remain permanently on the margins of society. The poor typically have no property rights (even if they’ve been on a piece of land for generations for instance) and enforceable contracts do not often exist. As a result this situation limits access to capital – no one will provide a loan on a piece of property for which there is no deed – which then keeps the poor poor.
Great. Just another reason for people leave the taxpayer (and worker’s) paradise which is New York State. I wonder which company freaked out about Ex-Im potentially being killed in DC and called up the Governor?
The CNBC guys poo poo the report, which is to be expected. David Faber particularly and he is on occasion very good. But the world is feeling wobbly to say the least. Post-2008 wobbly which is pretty wobbly. That the stock market has done as well as it has in the US, even considering all the juice from the Fed is pretty crazy, but a continued run is looking less and less like a prudent bet.
But that’s not new.