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Keyword: failure

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  • Today's Anti-Capitalists Ignore The Fundamental Problems Of Socialism

    07/28/2015 8:26:18 PM PDT · by MtnClimber · 3 replies
    Zero Hedge ^ | 7-28=2015 | Tyler Durden
    Anti-market and pro-socialist rhetoric is surging in headlines (see also here, here, and here) and popping up more and more on social media feeds. Much of the time, these opponents of markets can’t tell the difference between state-sponsored organizations like the International Monetary Fund and actual markets. But, that doesn’t matter because the articles and memes are often populist and vaguely worded — intentionally framed in such a way to easily deflect uninformed attacks and honest descriptions of what they are actually saying. In the end, they can all be boiled down to one message: socialism works and is better...
  • More in Minnesota have health coverage but still can't afford to be sick

    07/27/2015 7:50:23 PM PDT · by TurboZamboni · 22 replies
    Star Tribune ^ | 7-26-15 | Glenn Howatt
    The number of Minnesotans struggling to pay their medical bills is rising sharply, despite an increase in the number of residents who have health insurance. In the past year, Minnesota’s main hospital and clinic groups filed nearly 9,000 lawsuits against people with large or long-standing medical debts — a sharp increase since 2005, according to a Star Tribune analysis of court records. Once a leading cause of personal bankruptcy in the United States, medical debt was widely expected to decline as more Americans got health insurance following federal health reform. Instead, shifts in the insurance market are pushing more people...
  • Iran Offered Iraq 'Open Check' in ISIS Fight, Official Says

    07/23/2015 4:57:04 PM PDT · by Oldeconomybuyer · 4 replies
    ABC News ^ | July 23, 2015 | By Lee Ferran
    In stark contrast to the U.S. government's measured approach to countering ISIS in Iraq through the deployment of military advisors and stand-off airstrikes, Iran flatly offered Iraq an "open check" to battle the Islamic extremists, the Iraqi Ambassador to the U.S. said today. "In relation to Iran, it also sees the threat of ISIS is a threat to its national security," Iraqi Ambassador Lukman Faily told the audience at the Aspen Security Forum today, noting that at one point ISIS forces were within 25 miles of the Iranian border to Iraq's east. "And their approach to it, more or less,...
  • House Speaker Boehner: There will not be a government shutdown

    07/23/2015 12:45:20 PM PDT · by Oldeconomybuyer · 37 replies
    Market Watch ^ | July 23, 2015 | By Greg Robb
    There won't be a federal-government shutdown this year, and Congress will work on a temporary spending measure in September, once lawmakers return from their summer recess, House Speaker John Boehner, said Thursday. Democrats and Republicans have been unable to agree on annual spending bills, and without a deal by Sept. 30, the government will partially shut down. A temporary spending measure will be needed to avoid the Sept. 30 deadline, but details haven't been decided, Boehner said.
  • Martin OMalley apologizes for stealing all lives matter [Video]

    07/20/2015 1:57:32 PM PDT · by SoFloFreeper · 26 replies
    JOY WILLIAMS, THIS WEEK IN BLACKNESS: I want to ask something specifically. Towards the end of your explanation, you said the phrase "all lives matter," said the phrase "white lives matter." I want to ask you, do you understand the difference, in responding to that conservation, in that context with "all lives matter" or "white lives matter," when we are specifically talking about black death. That is not inclusive. MARTIN O'MALLEY: I certainly do, and in fact I believe that I first said was that black lives matter, before those other two phrases. And when I say those other two...
  • UN Report: 15,000 Civilians Killed in Iraq in 16 Months

    07/14/2015 4:14:00 PM PDT · by Oldeconomybuyer · 13 replies
    ABC News ^ | July 13, 2015 | By EDITH M. LEDERER
    The conflict in Iraq has taken a terrible toll on civilians with nearly 15,000 killed and 30,000 wounded during a 16-month period ending on April 30, by the Islamic State group, Iraqi security forces and others, according to a U.N. report released Monday. The U.N. mission in Iraq and the U.N. human rights office said in the report that violations of international humanitarian law and gross human rights abuses by the Islamic State group, which controls large swaths of Iraq's north and west, may in some cases amount to war crimes, crimes against humanity and possibly genocide. Iraq is going...
  • Obama Warns Congress Not to Stand in Way of Iran Deal

    07/14/2015 5:38:38 AM PDT · by SoFloFreeper · 74 replies
    NY TIMES ^ | 7/14/15
    ....Obama heralded a historic nuclear agreement with Iran Tuesday as an opportunity for the longtime foes to move in a "new direction," while sharply warning Congress that it would be irresponsible to block the accord.
  • Four Dead, Ten Shot In Baltimore City Over The Weekend

    07/13/2015 1:19:19 PM PDT · by Oldeconomybuyer · 37 replies
    WBAL Radio ^ | July 13, 2015
    It was a deadly weekend on the streets of Baltimore City, with police investigating four homicides and ten shootings. Police say two people died of shootings Saturday: a 40-year-old found suffering from gunshot wounds in the 1800 block of N. Durham Street and an 18-year-old found in the 4300 block of East Wabash Avenue. Police say two more people died Sunday. There were five shootings on Saturday. Baltimore City Police also say two men shot on Friday have died.
  • Dem senators call for executive action on gun control

    07/12/2015 7:37:39 AM PDT · by pabianice · 56 replies
    The Hill ^ | 7/12/15 | Bolton
    Connecticut Sens. Chris Murphy and Richard Blumenthal, both Democrats, have called on President Obama to take executive action to close a “loophole” in federal gun control legislation. The so-called “default to proceed” rule under the Brady Handgun Violence Prevention Act allows firearm dealers to sell a weapon to an individual if they have not been notified by the FBI of a buyer’s criminal background within three business days. If the background check has not been completed within three days, the dealer has discretion to sell the firearm. The rule allowed Dylann Roof, the alleged killer of nine people at a...
  • The List: Obama's Three Hundred and Thirty-Seventh Week in Office

    07/10/2015 3:20:21 PM PDT · by Nachum · 5 replies
    Nachumlist.com | 7/10/15 | Nachum
    The List: Obama's Three Hundred and Thirty-Seventh Week in OfficeNews and Notes:   Some are considering flying their flags upside down   7/9/2015 Obama and Agenda 21Committee head: EPA engaging in 'pattern of obstruction'EPA Chief Gina McCarthy Doesn’t Know Percentage of CO2 in AtmosphereEPA Clueless On 90,000 Tons Of Toxic Waste Imported To US AnnuallyLaw Prof.: Obama’s Climate Agenda Is About Changing The ConstitutionObama and Israel, Year 7Jerusalem 'unimpressed' by difficulties in Iran talks, believes accord just a matter of time Tehran’s anti-Israel Quds day falls on date of new Iran deadlineIt's 3am and nobody's thereThe Staggering Cost Of A Largely Failed Fight...
  • The Failure of Change

    07/07/2015 4:22:29 AM PDT · by Servant of the Cross · 5 replies
    National Review ^ | 7/7/2015 | Victor Davis Hanson
    Obama has built a legacy, all right: appeasement, staggering debt, racial animosity . . . President Obama last week spiked the ball on the Supreme Court’s decisions to legalize gay marriage and to ratify the Affordable Care Act. Yet it is difficult to see quite how Obama had much to do with these decisions — or, to the degree he did, that they are earth-shattering. He twice ran for president expressing opposition to gay marriage while emphasizing the religious element of holy matrimony, which, he argued, precluded same-sex marriages. Is he delighted that the Court ignored his prior views? On...
  • Record 93,626,000 Americans Not in Labor Force; Participation Rate Declines to 62.6%

    07/03/2015 5:50:41 AM PDT · by TurboZamboni · 21 replies
    CNS ^ | 7-2-15 | Ali Meyer
    CNSNews.com) - A record 93,626,000 Americans 16 or older did not participate in the nation’s labor force in June, as the labor force participation rate dropped to 62.6 percent, a 38-year low, according to the Bureau of Labor Statistics. In June, according to BLS, the nation’s civilian noninstitutional population, consisting of all people 16 or older who were not in the military or an institution, hit 250,663,000. Of those, 157,037,000 participated in the labor force by either holding a job or actively seeking one. The 157,037,000 who participated in the labor force equaled only 62.6 percent of the 250,663,000 civilian...
  • ‘The View’ May Cut Rosie Perez, Nicolle Wallace in Latest Revamp (Palin Karma)

    07/02/2015 6:28:51 PM PDT · by CaptainK · 34 replies
    Variety.com ^ | 7/2/2015 | Ramin Setoodeh
    ABC executives are finalizing a plan to reboot “The View” next fall, for the second consecutive year, with a flurry of changes that could include the departure of at least one of its regular hosts, Variety has learned. While moderator Whoopi Goldberg will remain as the face of the struggling daytime talker, the future of two of her co-hosts, Nicolle Wallace and Rosie Perez, is in doubt. One or both women could be dropped because network execs are underwhelmed with their contributions to the show’s signature Hot Topics segment, which is expected to shift focus permanently toward more lighthearted celebrity...
  • Study: Hennepin County ignored some child abuse reports

    07/01/2015 6:44:12 AM PDT · by TurboZamboni · 2 replies
    AP ^ | 6-26-15 | AP
    MINNEAPOLIS (AP) -- The child protection agency in Hennepin County has been ignoring reports of child abuse to ease its caseload and control its budget, according to a national child welfare group. The group, Casey Family Programs, studied the county's system for months and presented the findings of a report released last week to the Hennepin County board on Thursday. Casey Family Programs director Dee Wilson also told the board that child protection workers commonly screened out abuse reports, which means families weren't visited and services weren't offered, the Star Tribune ( http://strib.mn/1IhwPjh ) reported. Additionally, neglect cases are looked...
  • 11 shot in Baltimore Monday

    06/30/2015 9:37:16 AM PDT · by Oldeconomybuyer · 49 replies
    The Baltimore Sun ^ | June 30, 2015 | By Christina Jedra and Sean Welsh
    Eleven people were shot Monday in Baltimore following a Sunday that saw two shot dead in the city. At 11:07 p.m. Monday, police found a 22-year-old man shot in the buttock in the 2900 block of Mosher Street in the Franklintown Road neighborhood. At 11:35 p.m., police found a 26-year-old man shot multiple times in both arms. At 6:59 p.m. police officers responded to a report of a walk-in shooting victim at an area hospital, police said. There they found two victims being treated by staff. A 30-year-old woman was shot in the face and a 15-year-old male was shot...
  • Obamacare could create quandary for Republicans before 2016 election

    06/24/2015 2:46:11 PM PDT · by Oldeconomybuyer · 32 replies
    Reuters ^ | June 24, 2015 | BY JOHN WHITESIDES
    Obamacare could put Republicans in a bind in the run-up to the 2016 U.S. presidential election if the U.S. Supreme Court in the next week upends part of the law designed to make healthcare accessible to all Americans, leaving millions to fend for themselves for health insurance. Presidential battleground states such as Florida, Ohio, Wisconsin and North Carolina will be among the states with residents who lose their subsidies, heightening the political impact. Republicans who have long fought the law could begin to look hard-hearted and ineffectual if they ignore what is certain to be an explosion of stories about...
  • Oregon dumps cold water on low Obamacare rates

    06/22/2015 4:15:14 PM PDT · by Oldeconomybuyer · 15 replies
    CNBC ^ | June 22, 2015 | by Dan Mangan
    They wanted their Obamacare prices to be low—but the state said "no." The state of Oregon reportedly has ordered a number of insurers to raise proposed Obamacare premiums for 2016 after some of those companies asked for rates that were only moderately higher, if not lower than this year. Now, many Obamacare customers there are looking at likely double-digit percentage rate increases after having experienced some of "the lowest premiums in the nation," the Oregonian noted. For example, Oregon's Health CO-OP asked for a 5.3-percent average rate increase for next year, but the state's preliminary decision calls for a 19.9...
  • Getting A Medi-Cal Card Doesn’t Always Guarantee Health Care

    06/22/2015 3:24:15 PM PDT · by Oldeconomybuyer · 5 replies
    Kaiser Health News ^ | June 22, 2015 | By Anna Gorman
    In an effort to control costs in its rapidly expanding Medi-Cal program, California has relied heavily on managed care insurance companies to treat patients. The state pays insurers a fixed amount per enrollee and expects the companies to provide access to doctors and comprehensive care. But a scathing state audit released last Tuesday shows that California is failing to make sure those plans deliver. Many enrollees have insurance cards but often have trouble getting in to see doctors. The California audit found the state didn’t verify that insurers’ directories of doctors were accurate or that the plans had enough doctors...
  • Hillary Clinton Offers Obama-Like Vision for America

    06/15/2015 4:17:50 PM PDT · by Oldeconomybuyer · 19 replies
    NBC News ^ | June 15, 2015 | by Perry Bacon Jr.
    In her first major campaign speech Saturday, Hillary Clinton promised essentially a more aggressive and liberal version of Barack Obama's presidency, listing a series of challenges such as the huge wealth gap between the rich and the rest of America that the president has tried to address but even many Democrats say Obama has not fully solved. While not explaining how she would fund these programs, Clinton urged the creation of millions of clean-energy jobs, paid sick and family leave for all workers and pre-school for all American children. Clinton said she would push to make sure women get paid...
  • Some Insured Patients Still Skip Care Because Of High Costs

    06/11/2015 6:46:43 AM PDT · by Oldeconomybuyer · 19 replies
    Kaiser Health News ^ | June 10, 2015 | By Jim Burress
    A key goal of the Affordable Care Act is to help people get health insurance who may have not been able to pay for it before. But the most popular plans – those with low monthly premiums – also have high deductibles and copays. And that can leave medical care still out of reach for some. Renee Mitchell of Stone Mountain, Georgia is one of those people. She previously put off a medical procedure because of the expense. But as the threat of losing part of her vision became a real possibility, she sought an eye specialist at Emory University,...
  • Reforming anti-poverty programs: Results and data matter

    06/11/2015 5:06:13 AM PDT · by TurboZamboni · 5 replies
    Washington Post ^ | 6-7-15 | Jennifer Rubin
    The U.S. and other wealthy nations have spent trillions of dollars over the past half-century trying to lift the world’s poorest people out of penury, with largely disappointing results. In 1966, shortly after President Lyndon B. Johnson declared war on poverty, 14.7% of Americans were poor, under the official definition of the U.S. Census Bureau. In 2013, 14.5% of Americans were poor. Finally, after decades of failure there is a movement afoot to launch “a new generation of experimental programs focusing not on large-scale social support and development but on helping the poor and indebted to save more, live better...
  • 'Surprise'—Obamacare insurers desire double-digit hikes

    06/10/2015 4:47:13 PM PDT · by Oldeconomybuyer · 6 replies
    CNBC ^ | June 10, 2015 | by Dan Mangan
    Many Obamacare customers could be looking at surprisingly large price increases next year—if insurers get their wishes. Health insurance premiums for individual plans in major U.S. cities would rise by an average of 12 percent in 2016 if the newly proposed prices are approved, a new analysis finds. And prices would increase even more—14 percent on average—for people enrolled in the most popular type of Obamacare plans, known as "silver" plans, the HealthPocket study reveals. Customers insured in health maintenance organization (HMO) and exclusive provider organization (EPO) plans—which as a rule don't cover treatment from providers outside of their networks—would...
  • US 'preparing shift in Iraq policy'

    06/09/2015 8:53:33 PM PDT · by Oldeconomybuyer · 34 replies
    Telegraph UK ^ | June 10, 2015 | By Raf Sanchez
    The White House is reportedly planning a shift in strategy in Iraq that would see hundreds of American military trainers deployed to help retake Ramadi and the delay of long-held plans to drive the Islamic State from Mosul. Six months after US forces began training Iraqi troops to take on the jihadist fighters, a string of defeats on the battlefield has prompted the Obama administration into a recalibration of its plans. The American military hopes to build up enough well-trained and well-equipped Iraqi forces to retake the city of Ramadi, which fell to Isil in mid-May. The plan would see...
  • U.S. Embracing a New Approach on Battling ISIS in Iraq

    06/09/2015 8:37:58 PM PDT · by Oldeconomybuyer · 13 replies
    New York Times ^ | June 9, 2015 | By Michael R. Gordon
    In a major shift of strategy in Iraq, the Obama administration is planning to establish a new military base in Anbar Province and send 400 American military trainers to help Iraqi forces retake the city of Ramadi and repel the Islamic State. Although a final decision by the White House has yet to be announced, the plan follows months of behind-the-scenes debate about how prominently plans to retake another Iraqi city, Mosul, which fell to the Islamic State last year. Pending approval by the White House, plans are being made to use Al Taqqadum, an Iraqi base near the town...
  • Israeli PM Says Arab Leaders Also Weary of Iran Nuclear Deal

    06/09/2015 12:38:39 PM PDT · by Oldeconomybuyer · 5 replies
    ABC News ^ | June 9, 2015 | By IAN DEITCH
    Israel's prime minister said Tuesday that Arab leaders agree with him that an emerging nuclear deal with Iran won't stop Tehran from getting atomic weapons. Netanyahu told the prestigious Herzliya conference, an annual gathering that draws speakers from around the world, that he is not the only voice in the Middle East against the deal. "I am often portrayed as the nuclear party pooper," Netanyahu said. "But I speak with quite a few of our neighbors, more than you think, and I want to tell you that nobody in this region believes this deal will block Iran's path to the...
  • Consumers In Grandfathered Plans Can Face Higher Costs For Preventive Benefits

    06/09/2015 9:50:50 AM PDT · by Oldeconomybuyer · 9 replies
    Kaiser Health News ^ | June 9, 2015 | By Michelle Andrews
    Judy Naillon called her insurer several months ago to find out why she was being charged $35 every month for birth control pills. Her friends said they were getting their pills for free under the federal health law. Why wasn’t she getting the same deal? “I’m just really frustrated,” says the Wichita, Kan., piano and violin teacher. When her husband took a new marketing job last fall, “I thought that surely all these insurers must now be covering these benefits.” Naillon, 33, would have to continue to pay a share of the cost of her pills, and the plan wouldn’t...
  • Government plans to erase student debt for Corinthian students

    06/09/2015 6:00:07 AM PDT · by TurboZamboni · 10 replies
    Pioneer Press ^ | 6-8-15 | Anne Flaherty
    The federal government will erase much of the debt of students who attended the now-defunct Corinthian Colleges, officials announced Monday, as part of a new plan that could cost taxpayers as much as $3.6 billion. Corinthian Colleges was one of the largest for-profit schools when it nearly collapsed last year and became a symbol of fraud in the world of higher education and student loans. According to investigators, Corinthian schools charged exorbitant fees, lied about job prospects for its graduates and, in some cases, encouraged students to lie about their circumstances to get more federal aid. In a plan orchestrated...
  • For President Obama and Angela Merkel, the Beer Lacked Bite

    06/08/2015 3:21:14 PM PDT · by Oldeconomybuyer · 17 replies
    New York Times ^ | June 8, 2015 | by Julie Hirschfeld Davis
    KRÜN, Germany — It is a tale of beer summitry gone awry. The day after President Obama clinked glasses of Bavarian ale with Chancellor Angela Merkel of Germany in a picturesque village square at the foot of the Alps, the town’s mayor confirmed that his beverage had been nonalcoholic. Mr. Obama’s carefully choreographed sausage-and-beer moment with Ms. Merkel – complete with townspeople in traditional dress and long alphorns serenading them – was intended in part to showcase the leaders’ warm bond after a period of recent strains in their relationship. “It was a very fine beer,” Mr. Obama told reporters...
  • Big premium increase requests show volatility in health care market

    06/08/2015 1:29:25 PM PDT · by Oldeconomybuyer · 15 replies
    Minneapolis Star-Tribune ^ | June 8, 2015 | By Christopher Snowbeck
    Big premium increases that Minnesota insurers proposed last week reflect losses they’ve been taking in a part of the market targeted by the federal health law. Insurers say they collectively lost more than $300 million on policies for individuals who buy coverage on their own last year because subscribers had more costly health problems than expected. Blue Cross and Blue Shield of Minnesota, which is the largest insurer in the individual market, announced proposed average increases of 54 percent and 55 percent. Blue Cross says it lost $135 million in the individual market during 2014. “When there are losses that...
  • After Multiple Enrollment Failures, Hawaii Dumps State Obamacare Exchange

    06/08/2015 4:58:23 AM PDT · by Servant of the Cross · 3 replies
    Townhall.com ^ | 6/8/2015 | Katie Pavlich
    Last week Americans For Tax Reform released new information showing that during Hawaii's special Obamacare enrollment period, zero people enrolled. The total state cost for the exchange sits at more than $200 million. While Hawaii enrolled zero individuals and is the worst performing state, it is not alone. Vermont signed up only 97 households, while Rhode Island enrolled just 25 households. Hawaii’s dismal performance should not be surprising. The website cost taxpayers $205 million but could only enroll 8,592 individuals in year one. Cost to taxpayers per enroll: $23,899. The state legislature recently rejected a $28 million bailout for the...
  • Jack Kelly: Spare us from Obamacare

    06/07/2015 4:46:35 AM PDT · by Oldeconomybuyer · 13 replies
    Pittsburgh Post-Gazette ^ | June 7, 2015 | By Jack Kelly
    The Affordable Care Act isn’t. Some major health insurers seek eye popping rate increases for 2016 — such as 25 percent in Oregon, 30.4 percent in Maryland, 36.3 percent in Tennessee, 51.6 percent in New Mexico. Despite subsidies for the industry of at least $16 billion, many insurers lose money. Far fewer individuals signed up for Obamacare than expected (and the administration claimed). Those who did are older and sicker. “Only about 40 percent of those eligible eventually signed up after two full open-enrollments,” insurance expert Robert Laszewski told the Washington Examiner. “Carriers need more like 75 percent.” Subsidies for...
  • Blue Cross parent posts big loss in first year of Obamacare

    06/05/2015 4:29:09 PM PDT · by Oldeconomybuyer · 9 replies
    Crain's Chicago Business ^ | June 5, 2015 | By: Bob Herman
    Health Care Service Corp., the largest not-for-profit health insurer in the country, suffered large losses in 2014, the first year Americans could buy individual coverage through the public exchanges. HCSC recorded a $281.9 million loss in 2014, compared with a $684.3 million surplus in 2013—a swing of almost $1 billion. The losses were somewhat expected. Chicago-based HCSC, the Blue Cross & Blue Shield insurer for Illinois, Montana, New Mexico, Oklahoma and Texas, said the inaugural year of the Affordable Care Act's exchanges disrupted the insurance industry, particularly the individual market. Medical claims were up significantly, reflecting the needs of a...
  • Alabama’s ObamaCare health insurance exchange prices set to skyrocket

    06/02/2015 4:25:28 PM PDT · by Oldeconomybuyer · 12 replies
    Yellowhammer News ^ | June 2, 2015 | BY ELIZABETH BESHEARS
    BIRMINGHAM, Ala. — Alabama health insurance providers who offer plans on the ObamaCare exchange are seeking significant price increases this year, after healthcare costs took a sharp upward turn. Blue Cross Blue Shield of Alabama is reportedly requesting an average of a 28 percent increase for its individual plans, as well as a 73 percent increase for its platinum plan. Small group plans could also increase by nearly 14 percent. UnitedHealthcare is seeking a 24.5 percent increase for its 2016 rates.
  • Obamacare sticker shock: Big rate hikes proposed for 2016

    06/02/2015 4:18:37 PM PDT · by Oldeconomybuyer · 17 replies
    CNN ^ | June 2, 2015 | By Tami Luhby
    Hold onto your wallets ... many insurers want to substantially hike rates on Obamacare policies for 2016. Many are proposing double-digit premium increases for individual policies, with some companies looking to boost rates more than 60%, according to a list posted Monday by the federal Centers for Medicare & Medicaid Services. Insurers say they want to hike rates because enrollees are going to the doctor, getting lab work and filling prescriptions more than they had originally anticipated. "We've seen a great pent-up demand for services," said Aaron Billger, spokesman for Highmark, a Blue Cross Blue Shield licensee offering plans in...
  • Many Insurers Propose Double-Digit Premium Rate Hikes for 2016

    06/02/2015 12:55:18 PM PDT · by Oldeconomybuyer · 7 replies
    Many health insurers have proposed premium hikes greater than 10% for individual health plans sold in 2016, citing higher-than-expected care costs and other unexpected expenses. The proposed rates vary significantly across states and health plans. For example, Blue Cross and Blue Shield of North Carolina proposed a 26% rate increase, and companies in Florida, Illinois and some other states proposed rate increases of at least 20%. Tennessee's largest health insurer proposed a rate hike of 36% for some plans, while New Mexico's largest insurer proposed an increase of 50%. In Maryland, the state's largest insurer proposed a 30% rate hike....
  • Report: US cyberattack on North Korea was ineffective

    05/29/2015 7:29:13 PM PDT · by markomalley · 14 replies
    The Hill ^ | 5/29/15 | Mark Hensch
    An American cyberattack on North Korea half a decade ago was fruitless overall, sources say. The National Security Agency (NSA) led a mission in 2010 to damage North Korea’s nuclear weapons program, Reuters reported on Friday. Operatives tried using a variant of the Stuxnet computer virus deployed against Iran that same year, the news service said, with developers crafting a version that would activate once it reached Korean-language settings on targeted machines. Operatives hoped the virus would disable centrifuges for enriching uranium, much like it had when used against Iran, Reuters said, but the cyberattack stumbled when it encountered North...
  • US ECONOMY SHRANK AT 0.7 PERCENT RATE IN FIRST QUARTER

    05/29/2015 5:47:11 AM PDT · by tellw · 117 replies
    AP ^ | 5/29/2015 | MARTIN CRUTSINGER
    WASHINGTON (AP) -- The U.S. economy went into reverse in the first three months of this year as a severe winter and a widening trade deficit took a harsher toll than initially estimated. The Commerce Department says the overall economy as measured by the gross domestic product contracted at an annual rate of 0.7 percent in the January-March period. The revised figure, even weaker than the government's initial estimate of a 0.2 percent growth rate, reflects a bigger trade gap and slower consumer spending. It marked the first decline since a 2.1 percent contraction in the first three months of...
  • Obama takes questions on climate, and hoops, over Twitter

    05/28/2015 10:57:05 AM PDT · by Oldeconomybuyer · 4 replies
    Market Watch ^ | May 28, 2015 | By Greg Robb
    President Barack Obama on Thursday went over the heads of the traditional press corps and took questions on Twitter for a half hour using his new account @POTUS. The 140 character limit did not seem like a constraint to the notoriously long-winded president. Although set up to discuss climate change after a tour of the National Hurricane Center in Miami, Obama addressed a variety of different subjects, including the upcoming NBA Finals. The president responded to someone who said he was more worried about his student loans than climate change.
  • Boehner/McConnell Op-Ed: "Now We Can Get Congress Going" [Nov 2014]

    05/27/2015 4:48:48 PM PDT · by Oldeconomybuyer · 29 replies
    Speaker Boehner's Press Office [Wall Street Journal] ^ | November 5, 2014 | By John Boehner and Mitch McConnell
    Americans have entrusted Republicans with control of both the House and Senate. We are humbled by this opportunity to help struggling middle-class Americans. Looking ahead to the next Congress, we will honor the voters’ trust by focusing, first, on jobs and the economy. Among other things, that means a renewed effort to debate and vote on the many bills that passed the Republican-led House in recent years. It also means renewing our commitment to repeal ObamaCare, which is hurting the job market along with Americans’ health care. Our priorities in the 114th Congress will be your priorities. That means addressing...
  • Guantanamo Inmates Swapped for Bergdahl Could Move Freely

    05/27/2015 1:21:35 PM PDT · by Oldeconomybuyer · 4 replies
    ABC News ^ | May 27, 2015 | By DEB RIECHMANN
    Five senior Taliban leaders released last year from the U.S. prison at Guantanamo Bay, Cuba, in exchange for Sgt. Bowe Bergdahl could move freely around the world next week as their one-year travel ban expires. He recently was charged with desertion. U.S. officials have discussed with the Qataris the possibility of extending the travel ban after it expires on June 1. But so far, the White House has not publicly announced any new agreement with Qatar, meaning the five could leave the tiny nation on the Arabian Peninsula at the end of the month. The State Department insists that U.S....
  • Obamacare's big overhead costs to top $270B

    05/27/2015 10:48:17 AM PDT · by Oldeconomybuyer · 20 replies
    CNBC ^ | May 27, 2015 | by Dan Mangan
    That sure is a lot of paper clips. Obamacare is set to add more than a quarter-of-a-trillion—that's trillion—dollars in extra insurance administrative costs to the U.S. health-care system, according to a new report out Wednesday. The $273.6 billion in additional insurance overhead represents an average of of $1,375 per newly insured person, per year, from 2012 through 2022. The overhead cost equals a whopping 22.5 percent of the total estimated $2.76 trillion in all federal government spending for the Affordable Care Act programs during that time, the authors of the report in the journal Health Affairs noted. In contrast, the...
  • Venezuela to Launch Subsidized Food Program for Teachers

    05/25/2015 12:39:53 PM PDT · by Oldeconomybuyer · 14 replies
    TeleSur TV ^ | May 24, 2015
    ​Venezuelan President Nicolas Maduro has announced new plans to create a subsidized food program for school teachers and other workers in the education sector. Maduro explained that the new program would benefit as many as 700,000 families of education workers, including the children of teachers and professors. The president added that his government is committed to ensuring all teachers are provided with a living wage. Earlier this week, Maduro approved a 50 percent increase in teacher salaries.
  • Iraq: How did we get here?

    05/22/2015 8:02:59 AM PDT · by Oldeconomybuyer · 20 replies
    CNN ^ | May 21, 2015 | By Michael Martinez
    Iraq roils in a maelstrom: ISIS now controls Ramadi, a new prime minister is in charge, Shiite-Sunni bloodshed flows, and a U.S.-led coalition is back, this time executing airstrikes in Iraq. The saga of Iraq is, as an analyst put it, "a rather straightforward but sad story" since the U.S. military left the country at the end of 2011, only to find itself returning in a smaller way. The fall of Ramadi to ISIS this week strikes many as a milestone because the city is the capital of Iraq's biggest province and because U.S. troops heroically fought insurgents there in...
  • Obama Defends Approach to ISIS Fight but Says More Is Needed

    05/21/2015 4:02:59 PM PDT · by Oldeconomybuyer · 14 replies
    New York Times ^ | May 21, 2015 | By PETER BAKER
    President Obama denied that the United States and its allies were losing the fight against Islamic State forces in the Middle East, but he acknowledged in an interview posted online on Thursday that more should be done to help Iraqis recapture lost territory. He offered no regrets about his handling of the war and said in the end it would be up to the Iraqis to increase their efforts. The president and his team argued for months that they had reversed the momentum of the Islamic State, also known as ISIS or ISIL, but critics and independent experts said it...
  • Obama’s Twitter Debut, @POTUS, Attracts Hate-Filled Posts

    05/21/2015 12:48:21 PM PDT · by Oldeconomybuyer · 34 replies
    New York Times ^ | May 21, 2015 | by Julie Hirschfeld Davis
    When President Obama sent his inaugural Twitter post from the Oval Office on Monday, the White House heralded the event with fanfare, posting a photograph of him perched on his desk tapping out his message on an iPhone. But it took only a few minutes for Mr. Obama’s account to attract racist, hate-filled posts and replies. Posts addressed him with racial slurs, called him a monkey, and one had an image of the president’s neck in a noose. The posts reflected the racial hostility toward the nation’s first black president that has long been expressed in stark terms on the...
  • Price worries persist for Obamacare market plans

    05/21/2015 11:25:16 AM PDT · by Oldeconomybuyer · 12 replies
    CNBC ^ | May 21, 2015 | by Dan Mangan
    The price is still wrong for too many health insurance customers. Nearly half of all people with individual health insurance plans this year said it's "very" or "somewhat" difficult for them to afford their monthly premiums. The vast majority of Obamacare exchange customers receive a discount on their monthly premiums as a result of subsidies they are issued. Despite that, among individuals with both subsidized and nonsubsidized coverage, "You've got a substantial share saying it's not a great value for the money," said Liz Hamel, director of Kaiser's Public Opinion and Survey Research team. About four in 10 people surveyed...
  • Obamacare's special enrollments draw little interest

    05/19/2015 3:44:05 PM PDT · by Oldeconomybuyer · 4 replies
    CNBC ^ | May 19, 2015 | by Dan Mangan
    Many were called. Few chose to respond. The federal Obamacare insurance marketplace HealthCare.gov signed up 147,000 people in 36 states during a special tax season enrollment period, officials revealed Tuesday. HealthCare.gov issued the final tally via Twitter rather than a press release or news call that Obama administration officials have previously used to announce other numbers and results. In all, it appears fewer than 250,000 people signed up nationally. In Hawaii, no people—as in zero—signed up during the special tax season enrollment.
  • Majority of businesses taking steps to avoid ObamaCare tax

    05/14/2015 3:18:32 PM PDT · by Oldeconomybuyer · 12 replies
    The Hill ^ | May 14, 2015 | By Sarah Ferris
    Nearly two-thirds of companies facing a new ObamaCare tax say they are changing their coverage to avoid the extra costs, according to a new survey. The so-called Cadillac tax, which applies to healthcare plans above a certain expense threshold, is one of the most pressing changes still to come under ObamaCare. Only 2.5 percent of companies that would be hit by the Cadillac tax starting in 2018 said they plan to pay the tax. A total of 62 percent of companies said they have already taken action or plan to take action to avoid it. Most say they are shifting...
  • Venezuelan currency tanks; inflation seen near 100%

    05/14/2015 3:09:53 PM PDT · by Oldeconomybuyer · 29 replies
    CNBC ^ | May 14, 2015 | by Katy Barnato
    Venezuela's black market exchange rate weakened below a key level on Thursday, as the bolivar's decline steepened in the face of hyperinflation and a rapidly shrinking economy. Over the past couple of years the value of the currency has plummeted against the dollar to its present 300 bolivar level. In 2012, a dollar would get you 10 bolivars, according to unofficial exchange rates. By the time President Nicolas Maduro was inaugurated in April 2013, it was 24 bolivars to the dollar and by this January it was at 173. This black market rate of 300.72 on Thursday was almost 50...
  • Obama Set Goals Too High for Gulf Rebalance, Experts Say

    05/14/2015 6:10:59 AM PDT · by Oldeconomybuyer · 5 replies
    ABC News ^ | May 14, 2015 | By ALI WEINBERG
    The Obama administration is likely to fall far short of the lofty goals it set for itself at Thursday’s summit with Gulf leaders, several experts on the region said. While the White House has framed the seven-nation meeting as an opportunity to deepen and strengthen Gulf nations’ security relationship with the United States in light of a possible nuclear deal with Iran, the six foreign leaders attending have set out bargaining chips that the administration has already shot down, and it’s not exactly clear what else, besides those tangible items, either side wants. “Something that actually offers a couple of...