Free Republic 3rd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $28,175
32%  
Woo hoo!! And the first 32% is in!! Thank you all very much!! God bless.

Keyword: failure

Brevity: Headers | « Text »
  • Toomey-Bloomberg group gun talks collapse (Senate Legislation - No Buy Gun List )

    06/16/2016 10:03:29 AM PDT · by Red Steel · 33 replies
    politico ^ | June 15, 2016 7:19pm | Seung Min Kim
    Sen. Pat Toomey (R-Pa.) had been quietly engaged in talks with a prominent pro-gun control group to craft a compromise that would bar suspected terrorists from being able to purchase firearms — but those discussions have collapsed, according to a source familiar with the negotiations. The deal-breaker in the talks between Toomey and the group led by New York City Mayor Michael Bloomberg, Everytown for Gun Safety, appears to be a new provision from Toomey that would require the Justice Department to create a new federal list of people who should be barred from purchasing firearms because of suspected terror...
  • Failure to Connect the Dots Leading up to the Orlando Jihadist Massacre

    06/15/2016 11:38:48 PM PDT · by detective · 18 replies
    Frontpage ^ | June 16, 2016 | Joseph Klein
    The Left is attempting to paint the Orlando massacre as primarily an attack on the gay community, made possible by easy access to guns. That is, according to the Left’s narrative, homophobia and gun violence are the ingredients that lit the fuse. Typical of this distorted way of thinking was the New York Times lead editorial on June 14th, which claimed the United States was being “terrorized again – and again, and again, and again – by the uniquely deadly combination of twisted hatred and weapons of mass destruction as easily available as cough medicine.” This gross oversimplification plays down...
  • Bernie Hits Bump on Univision: Speechless on Socialism’s Failures

    05/26/2016 11:32:08 AM PDT · by Nachum · 24 replies
    Newsbusters ^ | 5/26/16 | Edgard Portela |
    The Democrats’ socialist candidate for President of the United States, Bernie Sanders, was seriously tripped up this week in an interview with Univision’s León Krauze. When asked to explain the failure of socialist governments in Venezuela, Argentina and Brazil, Sanders completely clammed up, saying he has an opinion on the subject, but was unwilling to share it, as he is “focused on my campaign.”
  • Solar Energy's Real Problem

    05/26/2016 9:32:19 AM PDT · by detective · 22 replies
    American Thinker ^ | May 26, 2016 | Ryan Yonk and Devin Stein
    Ivanpah, the world's largest solar power plant located in California's Mojave Desert, caught fire last Thursday, causing damage to one of the plant's three towers. This latest engineering setback is the least of the plant's woes. Prohibitive economic realities are the true problem. Earlier this year, the California Public Utilities Commission (CPUC) decided to postpone its continued support of the struggling facility, which was touted as the future of solar power when it opened in 2014. But after receiving $1.6 billion in loan guarantees from the Department of Energy (DOE) and $535 million from the U.S. Treasury Department, the facility's...
  • Editorial: The Left on the Run in Latin America

    05/23/2016 12:38:17 PM PDT · by Oldeconomybuyer · 18 replies
    New York Times ^ | May 23, 2016 | Editorial Board
    In 2004, Hugo Chávez and Fidel Castro launched the Bolivarian Alternative for the Peoples of Our Americas, a regional alliance of leftist leaders designed to subvert a hemispheric free trade agreement that the United States had been pushing for a decade. Today Latin America's leftist ramparts appear to be crumbling because of widespread corruption, a slowdown in China's economy and poor economic choices. For the most part, leaders failed to create diversified economies capable of withstanding slumps. The welfare and pension programs that kept voters loyal proved unsustainable. Leaders in Venezuela, Ecuador and Bolivia flouted democratic traditions by expanding or...
  • New York Health Insurers on Obamacare Exchange Seeking Massive Rate Hikes

    05/23/2016 7:19:40 AM PDT · by rustyweiss74 · 16 replies
    The Mental Recession ^ | 05/23/2016 | Rusty Weiss
    Insurers on the New York health exchange are requesting rate hikes averaging in excess of 17%, with UnitedHealthcare going as high as a whopping 45.6%. UnitedHealthcare has already announced that they would exit most of the Affordable Care Act state exchanges in which they operate in 2017, New York being one of the few exceptions. The biggest health insurer in the country announced that it lost $475 million on the ACA exchanges last year and could lose another $500 million this year. They explained that states in which they would continue to serve – like New York – would be...
  • Venezuelan Police Unleash Tear-Gas, Rubber Bullets Amid Violent Anti-Government Protests

    05/18/2016 12:56:48 PM PDT · by Navy Patriot · 30 replies
    Zero Hedge ^ | May 18, 2016 | Tyler Durden
    The conflagration that is the collapse of a socilaist utopia continues to escalate in Venezuela today. With morgues overflowing, medicines running out, and apocalyptic scenes playing out across the nation, Venezuelans took to the streets of Caracas today - at the behest of the opposition - demanding a recall referendum to end Venezuelan President Nicolas Maduro's socialist rule. The troubled nations leader was not happy and security forces fired tear gas and shut subway stations to block the thousands of protesters. Over the last two weeks, several provinces have hosted scenes of looting in pharmacies, shopping malls, supermarkets, and food...
  • Who Is to Blame for Venezuela's Collapse?

    05/09/2016 2:01:26 PM PDT · by Oldeconomybuyer · 40 replies
    PanAm Post ^ | May 9, 2016 | by Carlos Sabino
    Citizens turned out in massive crowds to add their signatures to the recall referendum against Venezuela President Nicolas Maduro. And for good reason. The country is in a state of paralysis: frequent blackouts; food, medicine and vaccine scarcities; closed-down factories and frequent looting. Chaos and anarchy hang over the nation that not so long ago was the most rich and advanced in Latin America. Without a doubt the fault of the country's dire situation is on the late president Hugo Chávez. His socialist policies devastated Venezuela's flourishing economy. But in a less obvious way, Venezuelan citizens are also to blame....
  • A decade after Kelo v New London Socialism has failed (Fort Trumbull still an empty lot)

    05/07/2016 8:20:47 AM PDT · by mainestategop · 9 replies
    Mainestategop ^ | Brian Ball
    In 2005, the Fort Trumbull area of New London Connecticut was a growing middle class neighborhood. The people there were hard working and spent much of their lives building their homes and living out prosperous lives. That came to an end in 2000 when Liberal Fascist Democrats in City hall and in the state capitol of Hartford made a deal with Pfizer corporation to allow them to build a research laboratory and upscale housing in Fort Trumbull. According to estimates by the same lying fascists, over 5000 new jobs would be created. Connecticut was one of the states hardest hit...
  • Get Ready for Higher Obamacare Rates Next Year

    05/06/2016 5:58:14 AM PDT · by reaganaut1 · 11 replies
    New York Times ^ | May 6, 2016 | Margot Sanger-Katz
    It already looks clear that many Obamacare insurance plans are going to raise their prices significantly. Over the last few years, average premium increases in the Obamacare markets have been lower than the increases for people who bought their own insurance in premiums before the Affordable Care Act. But several trends are coming together that suggest that pattern will break when plan premiums are announced in early November. Many plans may increase prices by 10 percent, or more. Over the last two years, I’ve written articles warning against scary headlines that exaggerate premium increases. Next year, those scary headlines are...
  • Are Democrats Bailing On ObamaCare, Too?

    05/03/2016 4:29:29 AM PDT · by IBD editorial writer · 17 replies
    Investor's Business Daily ^ | 05/03/2016 | Staff
    Health Care: “I am not the first president to take up this cause, but I am determined to be the last.” That was President Obama in a speech before Congress back in Sept. 2009, pitching the health reform plan he’d sign six months later. It doesn’t look like he’s going to get his wish.
  • US-Created System In Iraq Is Collapsing: Protesters Storm Parliament, State of Emergency Declared

    04/30/2016 8:43:57 AM PDT · by dynachrome · 44 replies
    Zero Hedge ^ | 4-30-16 | Tyler Durden
    As can be seen in the photo (and live webcast below), hundreds of demonstrators occupied the country's parliament. Video from inside the building showed jubilant crowds waving Iraqi flags and shouting "peaceful, peaceful." Supporters of Sadr, whose fighters once controlled swaths of Baghdad and helped defend the capital from ISIS, have been demonstrating for weeks at the gates of the Green Zone, responding to their leader's call to pressure the government to reform.
  • Looting On the Rise As Venezuela Runs Out of Food, Electricity

    04/28/2016 4:55:05 AM PDT · by Oldeconomybuyer · 50 replies
    PanAm Post ^ | April 27, 2016 | by Sabrina Martín
    Food Producers Alert They Have Only 15 Days Left of Inventory amid Rampant Inflation. Despair and violence is taking over Venezuela. The economic crisis sweeping the nation means people have to withstand widespread shortages of staple products, medicine, and food. So when the Maduro administration began rationing electricity this week, leaving entire cities in the dark for up to 4 hours every day, discontent gave way to social unrest. On April 26, people took to the streets in three Venezuelan states, looting stores to find food. Maracaibo, in the western state of Zulia, is the epicenter of thefts: on Tuesday...
  • Significant Premium Hikes Expected Under Obama Health Law

    04/28/2016 4:33:12 AM PDT · by Oldeconomybuyer · 27 replies
    ABC News ^ | April 28, 2016 | By Ricardo Alonso-Zaldivar
    Expect insurers to seek significant premium increases under President Barack Obama's health care law, in a wave of state-level requests rippling across the country ahead of the political conventions this summer. Insurers say the law's coverage has been a financial drain for many of them, and they're setting the stage for 2017 hikes that in some cases could reach well into the double digits. For example in Virginia, nine insurers returning to the HealthCare.gov marketplace are seeking average premium increases that range from 9.4 percent to 37.1 percent. The health law's nagging problems seem to center on lower-than-hoped-for enrollment, sicker-than-expected...
  • [Language Warning] Henry Rollins: North Carolina, I Love You, But Your Governor Is an A##

    04/25/2016 4:48:38 PM PDT · by SoFloFreeper · 32 replies
    laweekly.com ^ | April 21, 2016 | By Henry Rollins
    When North Carolina Gov. Patrick McCrory signed House Bill 2 into law, I wonder if he was thinking long-range about what the result might be. I can’t see him and his staff wondering out loud if their thick-skulled, cracker logic...
  • How Bill Clinton lost his legacy [Bizarro: this was on Yahoo! "news"]

    04/14/2016 2:27:59 PM PDT · by SoFloFreeper · 21 replies
    yahoo.com ^ | 4/14/16 | Matt Bai
    When Bill Clinton left office in 2001, historians compared him to Teddy Roosevelt.... Looking back now, though, the comparison seems wildly off. Roosevelt, you may recall, ended up running for president again and then crusading against Woodrow Wilson’s pacifism. To the day he died in 1919, TR jealously protected his twin legacy of reform and internationalism. Clinton, on the other hand, has run from every big ideological fight like a man on parole. From the moment he stepped out of the White House, the husband of a newly elected senator, his own political interests have been subservient to his wife’s...
  • Russia jets make 'simulated attack' passes near U.S. destroyer: U.S.

    04/13/2016 12:57:58 PM PDT · by Oldeconomybuyer · 62 replies
    Reuters ^ | April 13, 2016 | By Phil Stewart
    Two Russian warplanes with no visible weaponry flew simulated attack passes near a U.S. guided missile destroyer in the Baltic Sea on Tuesday, a U.S. official said, describing it as one of the most aggressive interactions in recent memory. The repeated flights by the Sukhoi SU-24 warplanes, which also flew near the ship a day earlier, were so close they created wake in the water, with 11 passes, the official said. A Russian KA-27 Helix helicopter also made seven passes around the USS Donald Cook, taking pictures. The nearest Russian territory was about 70 nautical miles away in its enclave...
  • Iraq: UN mission warns of increasing risks for civilians in besieged Fallujah

    04/12/2016 1:59:25 PM PDT · by Oldeconomybuyer · 1 replies
    UN News Centre ^ | April 12, 2016
    The United Nations Assistance Mission for Iraq (UNAMI) said it is receiving reports that humanitarian conditions are worsening and human suffering is increasing in the city of Fallujah, which has been under control of the Islamic State in Iraq for more than two years. With the siege of Fallujah tightening, supplies are not reaching civilians, and there are "credible reports from key informants" that people wanting to leave the city and seek safety are unable to do so, UNAMI said in a press release. "We are profoundly worried about Fallujah. There are reports of widespread food shortages and lack of...
  • Almost 6,000 refugee children went missing last year, says Germany

    04/12/2016 1:36:01 PM PDT · by Oldeconomybuyer · 13 replies
    The Guardian ^ | April 12, 2016 | by Kate Connolly
    Almost 6,000 refugee children and minors were reported missing in Germany last year, according to its interior ministry, amid growing concerns that traffickers and criminals are preying on thousands of vulnerable young people travelling amid the flow of refugees into Europe. The exact scale of the crisis is unclear, because rudimentary and overwhelmed registration systems mean Europe does not have a clear picture of the number of children arriving on its shores, or close tracking of their onward route. Some of those who vanish may never have registered, paranoid that officials will lock them up. Others may have been reunited...
  • Obama to sit down for exclusive 'Fox News Sunday' interview

    04/06/2016 1:12:45 PM PDT · by Oldeconomybuyer · 29 replies
    FOX News ^ | April 6, 2016
    President Obama will sit down for his first interview with "Fox News Sunday" since being elected president. The exclusive interview, to be conducted by host Chris Wallace, will air on April 10. It also marks the president’s first interview on Fox News Channel since 2014. The interview will be held at the University of Chicago, covering a range of topics including the 2016 election and the president’s legacy.
  • Jerry Brown signs $15 minimum wage in California

    04/04/2016 11:37:19 AM PDT · by EagleUSA · 105 replies
    Sacramento Bee ^ | 4/4/2016 | David Siders
    Gov. Jerry Brown, casting a living wage as a moral imperative while questioning its economic rationale, signed legislation Monday raising California’s mandatory minimum to $15 an hour by 2022, acting within hours of a similar bill signing in New York. The bill’s enactment comes one week after Brown, Democratic lawmakers and labor leaders announced an agreement on the wage increase, averting a brawl on the November ballot. [snip] California political leaders and labor have struck a deal to raise the minimum wage to $15 per hour over the next seven years. One excited fast food worker hugged Gov. Jerry Brown...
  • Statewide view: Obamacare anything but affordable for millennials

    04/03/2016 7:52:23 AM PDT · by Oldeconomybuyer · 4 replies
    Duluth News Tribune ^ | April 2, 2016 | By Lindsey Stroud
    How affordable is the Affordable Care Act, also known as Obamacare? One just needs to look at the state of Minnesota. Blue Cross and Blue Shield of Minnesota increased its individual health insurance premiums by an average of 49 percent in 2016. In Minnesota, many younger people may now have to pay for a portion of the health care assistance a dead parent received in the past. When Minnesota agreed to expand its Medicaid program, required asset tests were eliminated. Prior to that change, assets such as real estate were accounted for when determining eligibility. Now assets are not used...
  • Dianne Feinstein Has To Use Google To Look Up Hillary’s Senate Accomplishments

    03/31/2016 6:11:58 PM PDT · by SoFloFreeper · 13 replies
    Daily Caller ^ | 3/30/15 | Chuck Ross
    California Sen. Dianne Feinstein had to turn to Google during an interview earlier this week when asked to name her former colleague Hillary Clinton’s accomplishments in the Senate. Feinstein, who met with The San Francisco Chronicle’s editorial board on Tuesday, ultimately said that Clinton was not in the Senate “long enough…to do more.”
  • It's official: We can now say global warming has made some weather events worse

    03/11/2016 9:58:44 AM PST · by Oldeconomybuyer · 40 replies
    Washington Post ^ | March 11, 2016 | by Chris Mooney
    From Hurricane Katrina to Superstorm Sandy, to last year's devastating heat wave in India, the question never ceases to arise: Did global warming cause this? That question has long made scientists squirm. They know the atmosphere is a complicated place. But now, says a new report from the National Academy of Sciences exploring the attribution of extreme events to climate change, scientists can be at least a little bit less conservative about this. The new report argues, careful studies can be conducted that suggest that the probability of a given event occurring was increased because of the current state of...
  • Failed ObamaCare co-ops have not repaid $1.2B in federal loans, docs say

    03/10/2016 12:30:44 PM PST · by Oldeconomybuyer · 6 replies
    FOX News ^ | March 10, 2016 | By Rich Edson
    The dozen failed ObamaCare cooperatives have not repaid any of the $1.2 billion in federal loans they received and still owe more than $1 billion in additional liabilities, according to recent financial statements cited Thursday at a congressional hearing. "We shouldn't hold our breath on repayment," Sen. Rob Portman, R-Ohio, chairman of the Senate Permanent Subcommittee on Investigations, said in his opening statement at the hearing. "In some states, these losses will be absorbed by other insurance companies - which means, by the policyholders of other insurance companies who have to pay increased … premiums," he said. "In other states,...
  • Donald Trump on Failure (2009)

    03/10/2016 10:04:21 AM PST · by justlittleoleme · 10 replies
    Psychology Today ^ | May 19, 2009 | Jay Dixit
    Donald Trump's comeback is one of the most dramatic of all time—as well as one of the most visible. According to a well-known anecdote, one day when he was $1 billion in debt, Trump pointed out a homeless man to his daughter and said, "See that bum? He has a billion dollars more than me." -snip-What was the lowest point of your career or personal life? How did you bounce back? What was it that pulled you up from the depths? What do you think it is about your personality that allowed you to learn from difficult times, rather than...
  • Iran Tests More Missiles in Message to Israel and Biden

    03/09/2016 1:06:59 PM PST · by Oldeconomybuyer · 14 replies
    New York Times ^ | March 9, 2016 | By THOMAS ERDBRINK
    TEHRAN - The Islamic Revolutionary Guards Corps of Iran conducted a second successive day of missile tests on Wednesday, firing two rockets that it said hit targets over 850 miles away and were capable of reaching Israel. The tests appeared clearly aimed at sending a message to the Israelis as Vice President Joseph R. Biden Jr. was visiting. Tehran says that it has a right to pursue defensive weapons systems and that, since it has given up any semblance of a nuclear program, it cannot in any event be working on a nuclear capability. Iranian commanders seemed to go out...
  • Iran fires ballistic missiles, testing U.N. resolution

    03/08/2016 11:50:11 AM PST · by Oldeconomybuyer · 8 replies
    Reuters ^ | March 8, 2016 | By Bozorgmehr Sharafedin
    Iran's Islamic Revolutionary Guards test-fired several ballistic missiles on Tuesday, state television said, challenging a UN resolution and drawing a threat of a diplomatic response from the United States. Two months ago, Washington imposed sanctions against businesses and individuals linked to Iran's missile program over a test of the medium-range Emad missile carried out in October 2015. U.S. State Department spokesman Mark Boner said Washington would review the incident and, if it is confirmed, raise it in the U.N. Security Council and press for an "appropriate response".
  • Climate change could send venomous snakes slithering north

    03/08/2016 11:32:00 AM PST · by Oldeconomybuyer · 83 replies
    Toronto Star ^ | March 7, 2016 | By Raveena Aulakh
    Climate change could see a new risk slithering into Canada: snakes. New research has found that rising temperatures could drive several deadly species northward to new areas, bringing them across the U.S. border with Canada. By 2050, some snakes could make their way as far north as Alberta, Quebec and southern Ontario. Researchers at the University of Kansas Biodiversity Institute used climate models to predict the ranges of more than 75 poisonous snake species across the Americas. For this study, researchers looked at different scenarios for each of the snake species - one in which the world cut down its...
  • Climate change could cause 500,000 more deaths by 2050

    03/06/2016 5:28:32 AM PST · by Oldeconomybuyer · 75 replies
    Toronto Star ^ | March 5, 2016 | By Raveena Aulakh
    Food scarcity and malnutrition, triggered by climate change, could lead to half a million extra deaths by 2050, grim new research indicates. The deaths, say researchers in England and the United States, could occur as a result of changes in diets and bodyweight from decreased crop productivity. Three-quarters of the projected extra deaths will be in China and India. Unless action is taken to reduce greenhouse gas emissions, climate change would cut the fruit and vegetables available to people in 2050 by 4 per cent, the calories available by 3 per cent and the red and processed meat by 0.7...
  • Brazil on course for worst recession in century

    03/04/2016 7:29:23 PM PST · by MtnClimber · 18 replies
    Yahoo News ^ | 3 Mar, 2016 | Sebastian Smith
    Brazil's economy shrank by 3.8 percent in 2015, the government said Thursday, with the biggest contraction in 25 years set to push the Latin American giant into its worst recession for more than a century. The latest gloomy news from Brazil was no surprise, but the severity underlined the depth of problems facing President Dilma Rousseff's government as it battles both declining economic output and 10.67 percent inflation. The state statistics office said 2015 registered the worst single annual fall in GDP since 1990, a year when the economy dipped 4.3 percent. With the International Monetary Fund predicting a further...
  • Global warming fruit and veg shortage could lead to 1,200 extra UK deaths a year by 2050

    03/04/2016 6:55:04 AM PST · by Oldeconomybuyer · 46 replies
    UK Telegraph ^ | March 3, 2016 | By Emily Gosden, Energy Editor
    Climate change could lead to more than 1,200 extra deaths a year in the UK by 2050 as global warming causes fruit and vegetable shortages, new research suggests. The typical British diet will deteriorate as the effects of climate change hit crop production, resulting in supply shortages and pushing up prices, Oxford University researchers said. Dr Marco Springmann from the Oxford Martin Programme on the Future of Food, said: "You could expect in the UK the reduction in fruit and vegetable consumption would be the number one risk factor. “The immediate cause of the reduction in fruit and vegetable consumption...
  • Mitt Romney, Ted Cruz, Marco Rubio, GOP Establishment....Tyrants

    03/03/2016 4:10:23 AM PST · by JLAGRAYFOX · 82 replies
    Short & sweet....Mitt Romney, the brow beaten weak sister wiped out by CNNs Candy Crowley while he whimpered across the POTUS debate stage in 2012, before being slaughtered politically by Barack Hussein Obama, in an election he should have won hands down, with little effort, is now going to tell us who we should vote for POTUS just like a good little Hitler or, Mussolini would do. And his false alter boys, Ted Cruz & Marco Rubio are marching the same lock step march!!! Mitt Romney who sought out the Donald J. Trump endorsement in 2012...and, got it...has now turned...
  • Venezuelan economy to turn even worse in 2016, study finds

    02/28/2016 6:37:19 AM PST · by Oldeconomybuyer · 19 replies
    FOX News Latino ^ | February 26, 2016
    If misery loves company, then at least Venezuela is located in the right corner of the globe. A recent study projects that the South American nation has far and away the world's most miserable economy in 2016, nearly four times worse off than second-place Argentina. A survey conducted by Bloomberg Business using the "misery index" projects that Venezuela in 2016 will continue to worsen. Bloomberg estimates that Venezuela's inflation rate will rise from 98.3 percent last year to 152 percent in 2016. Argentina, another South American nation that has flirted with socialist economic policies, is facing many similar problems. With...
  • Hillary Clinton Defends Obama Record in Alabama Stop

    02/28/2016 5:54:15 AM PST · by Oldeconomybuyer · 11 replies
    Wall Street Journal ^ | February 27, 2016 | By Arian Campo-Flores
    Hillary Clinton peeled away from the balloting under way in South Carolina on Saturday to make a quick campaign stop here, hoping to energize voters ahead of Super Tuesday on March 1, when Alabama and several other southern states vote. Speaking at Miles College, a historically black college near Birmingham, she hit mostly on economic themes of income inequality and job creation and delivered a forceful defense of President Barack Obama’s record. "I don't think President Obama gets the credit he deserves," she said, drawing cheers and applause from an audience among whom he remains beloved. Calling him a "young,...
  • Obama's legacy: complete world disorder

    02/28/2016 5:37:25 AM PST · by Oldeconomybuyer · 29 replies
    Las Vegas Review-Journal ^ | February 27, 2016 | by Charles Krauthammer
    State of the world, Year Eight of Barack Obama: (1) In the South China Sea, on a speck of land of disputed sovereignty far from its borders, China has just installed anti-aircraft batteries and stationed fighter jets. (2) Syria. Russian intervention has turned the tide of war. The U.S. response? Repeated pathetic attempts by Secretary of State John Kerry to propitiate Russia (and its ally, Iran) in one collapsed peace conference after another. (3) Ukraine. Having swallowed Crimea so thoroughly that no one even talks about it anymore, Russia continues to trample with impunity on the Minsk cease-fire agreements. (4)...
  • Venezuelan toilet paper shortage an unwelcome symptom of socialism

    02/26/2016 8:10:06 AM PST · by Oldeconomybuyer · 51 replies
    Chicago Tribune ^ | February 26, 2016 | By John Kass
    The problem with socialism, Margaret Thatcher is credited with saying, is that you eventually run out of other people's money. But the late Mrs. Thatcher - heroic conservative prime minister of Great Britain - was too well-mannered to tell people what actually comes next. So I'll have to do it. After socialists run out of other people's money, the people eventually run out of something almost as precious as money: Toilet paper. It's happening right now in Venezuela, once a socialist, oil-rich paradise and land of great shortstops. But Venezuela is fast becoming a thoroughly failed state. Let's just hope...
  • HealthNet says quarterly membership in Obamacare plans declined

    02/25/2016 11:17:40 AM PST · by Oldeconomybuyer · 7 replies
    Reuters ^ | february 25, 2016 | by Amrutha Penumudi
    Insurer Health Net Inc said it lost members in its individual business that sells plans under Obamacare, echoing thoughts of larger rivals in the sector. Many insurers have been losing money on the plans, in part because total enrollment has been sharply lower than initially anticipated and due to higher-than-expected patient costs. In November, UnitedHealth Group Inc said it may completely exit the Obamacare business. Humana Inc said in January that it had set aside 74 cents per share in the fourth quarter to cover anticipated shortfalls in its 2016 individual health plan business, while Anthem Inc said the plans...
  • Minuteman draws $100M from feds to deal with Obamacare; alternative to bankruptcy or being 'lucky'

    02/25/2016 11:05:46 AM PST · by Oldeconomybuyer · 7 replies
    Boston Business Journal ^ | February 25, 2016 | by Jessica Bartlett
    Minuteman Health has drawn down $100 million in federal loans in anticipation of continued losses from the Affordable Care Act. The Massachusetts co-op insurer, which also operates in New Hampshire, will report the draw down and a second-consecutive year of operating losses as part of its fiscal 2015 financials. Minuteman officials said the borrowings are needed to offset certain components of Obamacare, which financially punish insurers for doing the very things the federal law was intended to address: to provide affordable health insurance to previously uncovered segments of the population. What ObamaCare's architects didn't anticipate, and what local insurers are...
  • Doctors protest Highmark payment cuts spurred by Obamacare losses

    02/25/2016 10:53:21 AM PST · by Oldeconomybuyer · 19 replies
    PennLive.com ^ | February 25, 2016 | By David Wenner
    Pennsylvania doctors say they will be forced to pay the price for what they deem poor business decisions that caused health insurer Highmark to lose hundreds of millions on customers covered as a result of the Affordable Care Act, or Obamacare. Highmark recently notified doctors it will cut their payments by 4.5 percent for medical care provided to people covered by Obamacare plans. Highmark's 2015 loss on Obamacare plans, which still isn't finalized, is expected to reach about $500 million. Highmark attributes the Obamacare losses to new customers who may not have previously had insurance, and who turned out to...
  • Clinton Wins Nevada Caucus

    02/20/2016 2:20:14 PM PST · by NRx · 140 replies
    NBC ^ | 02-20-2016 | NBC News
    NBC is calling it for Clinton.
  • Covered California Takes Aim At System Gamers

    02/19/2016 10:18:18 AM PST · by Oldeconomybuyer · 7 replies
    California Healthline ^ | February 19, 2016 | By Emily Bazar
    Covered California, the state health insurance exchange, wants to tighten the rules for special-enrollment periods by making consumers provide documentation proving they’re eligible. The change, proposed by Covered California’s staff, comes amid concerns that some people are waiting until they get sick to sign up for health insurance during a special-enrollment period, driving up costs. John Bertko, Covered California’s chief actuary, said there are "credible indications" that people who sign up during special enrollment have higher health costs than those who sign up during open enrollment. He believes the difference can be attributed partly to people who are gaming the...
  • Cancer and ObamaCare: a Double Whammy

    02/18/2016 8:32:32 AM PST · by Oldeconomybuyer · 24 replies
    The New American ^ | February 18, 2016 | by Michael Tennant
    Being diagnosed with cancer is scary enough. Having cancer and ObamaCare can be a nightmare. According to the Associated Press, "Hundreds of thousands of people lose subsidies under the health law, or even their policies, when they get tangled in a web of paperwork problems involving income, citizenship and taxes. Some are dealing with serious illnesses like cancer." The American Action Forum estimates that the regulations issued under the Affordable Care Act (ACA) "will cost businesses and individuals more than $45 billion and will require approximately 165 million hours of paperwork in order to comply." Now imagine you're a cancer...
  • David Vitter - Time to End Obamacare Exemption

    02/15/2016 8:26:54 AM PST · by Oldeconomybuyer · 22 replies
    Bossier Press-Tribune ^ | February 15, 2016 | by Sen. David Vitter (R-LA)
    When chefs are forced to eat their own cooking, the food always gets a whole lot better. It's common sense to apply the same logic to Congress. Congress should abide by the laws that it passes, just the same as any other American. Unfortunately, when it comes to the disastrous and expensive Obamacare, that's not the case. This week I've continued my years-long push to end Washington's Obamacare exemption. Members of Congress conveniently exempted themselves and their staff from its most onerous provisions, while enabling the President, Vice President, and political appointees who helped craft the law to continue receiving...
  • Live Thread Democrat Debate on PBS (keep your enemies close)

    02/11/2016 6:05:32 PM PST · by Yaelle · 264 replies
    PBS ^ | 02/11/16 | Self
    Anyone have strong enough stomach and information junkie brain to dare watch with me?
  • Obama Will Seek $11 Billion for Homeless Families

    02/10/2016 12:11:27 PM PST · by Oldeconomybuyer · 34 replies
    New York Times ^ | February 8, 2016 | by NIKITA STEWART
    After making progress in reducing homelessness among veterans, the Obama administration is turning to the larger and more complicated challenge of homelessness among families with young children. In his 2017 budget, to be presented on Tuesday, President Obama will propose spending $11 billion over the next 10 years to fight family homelessness, a phenomenon that is closely linked to the dearth of affordable housing in New York and other big cities. Of that amount, $8.8 billion would go to housing vouchers and $2.2 billion to more short-term assistance. In addition to the $11 billion plan, Mr. Obama is proposing discretionary...
  • Obama's budget would stop reimbursing prisons for holding illegal immigrants

    02/10/2016 11:42:00 AM PST · by Oldeconomybuyer · 19 replies
    Washington Post ^ | February 9, 2016 | by Matt Zapotosky
    Under President Obama's proposed budget for fiscal 2017, the Justice Department would abandon a program that reimburses state and local prisons for housing illegal immigrants convicted of crimes. The move to eliminate the State Criminal Alien Assistance Program (SCAAPP) - which would save the Justice Department $210 million - is likely to face significant resistance in Congress and from local officials concerned about a loss of funding. The White House has moved in the past to trim or cancel the program, and each year, it has survived, said Jessica Vaughan, the director of policy studies at the Center for Immigration...
  • Obama celebrates presidency as it unravels

    02/10/2016 11:02:33 AM PST · by Oldeconomybuyer · 25 replies
    The Washington Times ^ | February 10, 2016 | by Dave Boyer
    As President Obama travels to Illinois Wednesday to celebrate the beginnings of his presidency, he's also watching his legacy erode before his very eyes. On the eve of the president’s nostalgic trip to Springfield, the Supreme Court dealt a stunning blow to his Clean Power Plan Tuesday night, ordering a stay of the EPA's regulation to cut carbon emissions. White House aides said they were surprised by the ruling and vowed to fight on in federal appeals court. The results of the New Hampshire primaries Tuesday night weren't exactly promising for a so-called third Obama term, either. In the Democratic...
  • Bad news for jetsetters: Global warming to cause costlier flights to US, scientist warns

    02/10/2016 10:51:48 AM PST · by Oldeconomybuyer · 26 replies
    Express UK ^ | February 10, 2016 | By JOHN INGHAM
    AIR passengers face longer costlier flights to the United States as a result of global warming, a British scientist warned yesterday. Climate change is expected to accelerate the high altitude jet stream which blows from west to east, said Reading University atmospheric scientist Paul Williams. This will speed up eastbound flights but slow down westbound flights by much more, he claimed. "The bad news for passengers is that westbound flights will be battling against stronger headwinds. The good news is that eastbound flights will be boosted by stronger tailwinds, but not enough to compensate for the longer westbound journeys."
  • EPA greenhouse gas rule would ban conversion of light vehicles to racecars

    02/09/2016 6:46:50 AM PST · by Oldeconomybuyer · 37 replies
    Automotive News ^ | February 9, 2016 | by Ryan Beene
    An EPA proposal to slash greenhouse gas emissions by medium and heavy duty vehicles would also ban the conversion of street cars into racecars, with far-reaching effects on auto racing and the aftermarket parts industry. The Specialty Equipment Market Association, a trade group representing automotive aftermarket companies, said in a statement late Monday that the EPA's proposal would also make the sale of certain emissions-related parts used on racecars that were originally street cars illegal. SEMA says it and other affected stakeholders will work to oppose the EPA's proposed ban. "This proposed regulation represents overreaching by the agency, runs contrary...