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Keyword: rates

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  • Regulators expand their authority, play politics with carbon at ratepayer expense [ Colorado]

    06/20/2017 6:48:25 AM PDT · by george76 · 16 replies
    Independence Institute ^ | June 19, 2017 | Amy Cooke
    In a decision that evokes former President Obama’s environmental agenda, the Colorado Public Utilities Commission (PUC) on March 23, 2017, expanded its authority in a way that’s likely to drive up electricity rates. Every four years, Xcel Energy undergoes a resource planning process that outlines their ability to meet ratepayers’ electricity demand. They present portfolios containing cost analyses regarding the utility’s generation, and the Commission selects the “lowest cost resources available to provide the company with enough capacity and energy to in turn be able to provide customers with reliable electricity.” However, in the 2016 Energy Resource Plan, the Public...
  • Health insurance companies ask for big rate increases

    05/09/2017 2:50:50 PM PDT · by Oldeconomybuyer · 6 replies
    Washington Post ^ | May 9, 2017
    RICHMOND, Va. - Health insurance companies say they need large rate increases to cover their costs for individual health plans sold in Virginia next year. Preliminary rate requests for 2018 recently filed with the State Corporation Commission average a 28 percent increase among the seven companies offering individual plans. Some major insurance companies, like UnitedHealth Group and Aetna, are pulling out of the Affordable Care Act’s insurance exchange in Virginia next year.
  • Income Tax Cut, JFK Hopes To Spur Economy 1962/8/13

    04/26/2017 6:16:23 PM PDT · by central_va · 20 replies
    JFK speech ^ | 8/13/62 | JFK
    The last two major income tax rate reductions were in the 1960s and 1980s. Here are the results of those cuts and their effect on revenue collection. Federal revenue in 1960 = $92.5 Federal revenue in 1968 = $153.0 Over a 50% increase in revenue! Federal revenue in 1980 = $517.5 Federal revenue in 1989 = $909.0 Over a 70% increase in revenue! So the FACTS show that cutting taxes in the 60's and 80's increased federal tax revenue. Now you know the truth.
  • Fed raises rates, sees two more hikes this year

    03/15/2017 11:42:40 AM PDT · by John W · 17 replies
    yahoo.com ^ | March 15, 2017 | Justine Underhill
    For the first time this year, the Federal Reserve raised interest rates, a widely expected move following strengthening economic reports and signals from Fed officials. After its two-day policy meeting, the Federal Open Market Committee voted to raise the range of the federal funds rate to 0.75% and 1.00%, citing progress in labor market growth, business fixed investment and inflation. “In view of realized and expected labor market conditions and inflation, the Committee decided to raise…the fed funds rate,” the central bank wrote in its statement. One member of the committee, Minneapolis Fed President Neel Kashkari, voted against the decision,...
  • Does the Fed Lead Banks on Interest Rates, or Do Banks Lead the Fed?

    10/26/2016 5:02:38 AM PDT · by expat_panama · 9 replies
    Real Clear Markets ^ | October 25, 2016 | John Tamny
    It's not talked about enough, but in an economy of individuals (meaning, the only kind of economy) recessions are healthy. As individuals we regularly develop bad habits, and it's during recessions that we break them. Cris Carter was a good NFL receiver who scored a lot of touchdowns, but it was only after Buddy Ryan waived him from the Philadelphia Eagles that he was forced to confront his difficulties with drugs and alcohol. Carter's personal recession happily forced him to break his talent-sapping habits on the way to a Hall of Fame NFL career. Looked at in the bigger picture,...
  • The Blind Alley of Monetary Populism

    10/26/2016 4:26:40 AM PDT · by expat_panama · 8 replies
    project-syndicate ^ | OCT 25, 2016 | JEFFREY FRANKEL
    SWARTHMORE – In the United States and elsewhere nowadays, populist politicians often claim that easy monetary policy is hurting ordinary workers, thereby exacerbating income inequality. But while inequality is a problem, raising interest rates is no way to address it. To say otherwise is a strange claim for anyone to make, especially populists. After all, low interest rates benefit debtors and hurt creditors, as does the inflation that can be spurred by monetary easing. Throughout most of US history, for example, populists have supported easy monetary policy as a way to help the little guy against distant bankers with hard...
  • Congrats, Mississippi, you’re the only state where ObamaCare ISN’T making rates skyrocket!

    01/12/2016 9:48:21 AM PST · by Sean_Anthony · 4 replies
    Canada Free Press ^ | 01/12/16 | Robert Laurie
    Woohoo!!! -0.2%! #Winning! If you have the misfortune of living in any one of 49 states, I have bad news for you. The average 2016 healthcare premium is going to skyrocket thanks to ObamaCare. 17 states will see their rates jump by at least 20%, while five of them - Minnesota, Alaska, Tennessee, Hawaii, and Oklahoma - will see truly staggering increases of 30-47%. The majority will see double-digit increases. But, hey, why be so “glass 98% empty” about this? Obama has promised us that his namesake legislation is “working” and in one state it actually is. Sort of. Ok,...
  • Yellen, You Have A Problem: The "Rate Hike Corridor" Just Broke (rate hike down 50%)

    01/01/2016 8:40:22 AM PST · by GilGil · 67 replies
    ZeroHedge ^ | 12/31/2015 | Tyler Durden
    ... the Fed Funds rate just tumbled to 0.12%, far below the required 0.25% floor set by the Fed, and down 23 bps from the effective 0.35% Fed Funds rate set yesterday, confirming that indeed the rate hike corridor can and has been breached at least once, and just two weeks into the Fed's rate hike experiment.
  • U.S. Equity Futures Slip as Fed's Rate Decision Looms

    09/17/2015 5:37:33 AM PDT · by citizen · 62 replies
    Fox News Business ^ | September 17, 2015 | Victoria Craig
    Fed decision day: The event traders across the globe have anticipated for months has finally arrived. As of 8:00 a.m. ET, Dow Jones Industrial Average futures were 43 points lower, or 0.26% to 16621. S&P 500 futures shed 6 points, or 0.31% to 1982, while Nasdaq 100 futures slid 10 points, or 0.24% to 4370. Today’s Markets Months of speculation about whether September was the month in which the Federal Reserve would begin to lift short-term interest rates is finally coming to a close. The Federal Open Market Committee meets for the final day of its two-day policy-setting meeting, which...
  • LARRY SUMMERS: 'Raising Rates Risks Tipping Some Part Of The Financial System Into Crisis'

    08/24/2015 6:24:10 AM PDT · by blam · 14 replies
    BI ^ | 8-24-2015 | Myles Udland
    Myles Udland August 24, 2015Larry Summers, who was very nearly chairman of the Federal Reserve, thinks there is almost no reason for the Fed to raise rates right now. Writing in The Financial Times on Monday, Summers argues that the Fed will be risking setting off a financial crisis by electing to raise rates at some point this year, as it has made clear it plans to do. Here's the heart of Summers' impassioned case against the Fed doing anything: There may have been a financial stability case for raising rates six or nine months ago, as low interest rates...
  • TRADER: Prepare For 'The Most Bullish Event For Equities In 2015'

    08/19/2015 9:28:51 AM PDT · by blam · 11 replies
    BI ^ | 8-19-2015 | Akin Oyedele
    Akin Oyedele August 19-2015 Dave Lutz at Jones Trading says a rate hike from the Federal Reserve will be the best thing that happens to the stock market this year. One big concern around rate hikes is that higher borrowing costs put pressure on company earnings, and ultimately, on stocks. However, Lutz noted in a client email on Wednesday that investors would see a rate hike as a clear sign that the economy is on the up. Other analysts have pointed out that stocks have rallied in the months leading up to, and for at least six months after a...
  • 4 Tips to Avoid Road Tolls This Summer

    06/18/2015 6:56:30 AM PDT · by Tolerance Sucks Rocks · 17 replies
    Time ^ | June 4, 2015 | Brad Tuttle
    We've got a secret the rental car companies would prefer you didn't know. people camping in RV More The Cheapest Way to Roadtrip Might Surprise You 3 Ways to Avoid Costly Rental Car Insurance These Are the Most Hated Fees in America This won’t come as news to commuters and frequent road trippers, but drivers are encountering more and more toll roads, as well as higher and higher tolls on the existing ones. The latest example is I-10 in Texas, where plans called for the maximum toll during peak travel hours to shoot from $7 to $10 as of May...
  • Oil drop sends major central banks in different directions

    12/18/2014 6:58:19 AM PST · by mac_truck · 2 replies
    Reuters ^ | 12/18/2014 | Paul Carrel, Mike Peacock and Howard Schneider
    The world's major central banks are scrambling to work through the implications of the near halving of the price of oil in the second half of 2014, and they are coming up with very different conclusions. Perhaps unsurprisingly, policymakers looking at robust economic recoveries such as in the United States and Britain are focused on the likely boost to growth and consumption from markedly lower energy prices and the later upward impact that should have on inflation. But for the European Central Bank, battling to revive a moribund economy, the worry is whether cheap oil could tip the euro zone...
  • The Pro-Life Movement is Winning, Abortions at a Record Low Since Roe vs. Wade

    12/02/2014 2:25:08 PM PST · by Morgana · 21 replies
    LIFE NEWS ^ | 12/2/14 | Randy O'Bannon, Ph.D.
    The governmentÂ’s latest report confirms the good news reported by Guttmacher earlier this year. That not only the number of abortions in the U.S. have dropped to lows not seen since the earliest days of legal abortion in America, so, too, have abortion rates and abortion ratios. The 730,322 abortions reported to the federal Centers for Disease Control (CDC) in 2011 do not include any from California, Maryland, or New Hampshire, which did not make them available. Guttmacher reported 1,058,470 for the same year. (As we explain fully below, GuttmacherÂ’s numbers will always be higher because it directly surveys abortion...
  • Admin Won’t Release Final HealthCare.gov Premiums Until After Elections

    10/12/2014 3:41:59 AM PDT · by Enlightened1 · 24 replies
    The Daily Caller ^ | 10/09/14 | Sarah Hurtubise
    The Obama administration has already debuted its new, improved version of HealthCare.gov, but still won’t release premium rates on the website until after the Nov. 4 elections
  • Big Minnesota insurer leaves Obamacare site

    09/16/2014 3:09:45 PM PDT · by TurboZamboni · 6 replies
    yahoo ^ | 9-16-14 | Dan Mangan
    Minnesota Obamacare is calling it quits. PreferredOne, the insurer that sold nearly 60 percent of all private health plans on Minnesota's Obamacare exchange, on Tuesday said it would leave that marketplace. PreferredOne's plans were the lowest-cost options on that exchange, known as MNSure. PreferredOne cited the costs of doing business on MNSure as the reason for its surprising decision, saying that selling plans is "not administratively and financially sustainable going forward," according to KSTP.com, the website of that Minnesota TV News network.
  • Expenses went up in 2013 for families

    06/02/2014 5:14:49 PM PDT · by george76 · 6 replies
    Pittsburgh Post-Gazette ^ | May 27, 2014 | Ann Belser
    A survey from the Bureau of Labor Statistics found that the average income for families of all sorts decreased from 2012 to 2013 by $103 to $65,069 before taxes, but their expenses went up by $777 a year to $51,408. ... The biggest share of the increased expenses of the average American household went to transportation, which cost a total of $8,999 a year, or $494 more than the previous year, as a result of purchase prices going up.
  • GarCo residents face highest rate for Obamacare ( Colorado )

    02/23/2014 7:57:35 AM PST · by george76 · 17 replies
    Grand Junction Sentinel ^ | February 22, 2014 | Dennis Webb
    New Castle resident and business owner David Fitzsimmons used to pay $672 a month for health insurance for him and his family. This year, with the implementation of the federal Affordable Care Act that has resulted in the country’s highest rates being charged in Garfield County, he faced a minimum premium of $942 a month. “The insurance rates, frankly, it just comes down to a decision for me and my family, whether we have a roof over our heads or whether we have health insurance. The obvious answer is that we have a roof over heads,” he said Friday during...
  • Obamacare: Know Your Rates

    02/06/2014 7:43:17 PM PST · by afraidfortherepublic · 13 replies
    Forbes ^ | 2-7-14 | Courtesy of WI State Sen. Frank Lasee
    Link only: http://www.forbes.com/special-report/2013/obamacare_map_3/index2.html
  • What Obamacare Coverage Costs Congressmen

    12/05/2013 11:43:15 AM PST · by afraidfortherepublic · 9 replies
    Wall Street Journal ^ | 12-2-13 | Rebecca Ballhaus and Louise Radnofsky
    Some members of Congress are about to get their own kind of sticker shock when they head to the new insurance exchanges. A few will get a price cut. As the Journal has reported, a provision in the health law requires lawmakers to get their benefits alongside small-business employees for the first time, and that means lawmakers’ premiums will suddenly be tied to their age. Members of Congress used to pay the same rate, regardless of how old they were, which was around $186 a month to cover just themselves on one popular plan after their employer (in this case,...