If so, what's this about? Aetna Inc., some BlueCross BlueShield plans and other smaller carriers have asked for premium increases of between 1% and 9% to pay for extra benefits required under the law, according to filings with state regulators. These and other insurers say Congress's landmark refashioning of U.S. health coverage, which passed in March after a brutal fight, is causing them to pass on more costs to consumers than Democrats predicted. Duh. Any time you increase someone's benefits as a matter of law, someone pays for it. In this case the "someone" is you, of course, since you're the one...
.... and you know it's gotta stink.... We have not seen the real documents, Walter Radermacher, head of the European Unions statistics agency Eurostat, said in a Sept. 2 interview in his Luxembourg office. Eurostat first requested the contracts in February. Radermacher vows new toughness when officials from his staff head to Greece this month to come up with a solid estimate of the total value of debt hidden by the opaque contracts. This is a new era, he said. Here's my bet: The "real documents", if they are ever uncovered, are going to show that some of the world's largest banks conspired with Greece to knowingly understate...
A new report in the Irish Times discusses how Irish Nationwide, where incidentally sovereign CDS spreads just hit a fresh all time wide record north of 400 bps, discusses how the insolvent bank, in a supreme example of just how prevalent ponziness has become in the current Central Bank subsidized environment, is now issuing bonds... to itself. In a circular issuance scheme that would make the Greek finance minister blush with envy, "Irish Nationwide has issued €4 billion of Government-guaranteed bonds
effectively to...
From GoldmanFollowing this morning’s report of a decline in mortgage applications, it’s all from the Fed this afternoon – the beige book, a Fed speech, and the monthly report on consumer credit… The Mortgage Bankers Association’s index of mortgage applications fell 1.5% last week despite a 6.3% increase in purchase loan applications. Although this index is at its highest point since mid-May, that is still depressed, following the April 30 deadline for home sales contracts to qualify for the homebuyer tax credit. 14:00: Federal Reserve beige book...
- Asian stock markets were mostly lower, with financial stocks getting hit.
- Asian stock markets were mostly lower, with financial stocks getting hit.
- California Property Tax Values shrink 1.8% in `Historic' slump and deflation
- California regulators seek up to $9.9B in fines from PacifiCare
- China adds $7B of Japanese bonds, extending record yearly increase.
- EU probes hidden Greek deals as 400% yield gap shows doubt
- Germany's exports fell 1.5% in July - the second time this year.
- Japan talks up intervention as Yen hits 15-year high.
- Japan'...
ReutersProfile: Dove World Outreach CenterBBC NewsThe plan by the Dove World Outreach Center, a small evangelical church in the US state of Florida, to burn Korans on 11 September has drawn worldwide condemnation. Its pastor, the Reverend Terry Jones, says that as an American Christian he has a right ......
msnbc.comBP releasing report on gulf well blowoutWashington PostOil giant BP is releasing a massive internal report Wednesday morning on the cause, or causes, of the April 20 blowout that killed 11 workers, sank the Deepwater Horizon drilling rig and led to the largest oil spill in US history. ......
From Stephen Hansberger
Have no tolerance for loss. Sell when you can, not when you have to. Your first loss is your smallest loss. A small loss is better than a big loss. If you enter a trade and the stock doesn’t go the way you predicted, go ahead and take that $50 to $100 loss immediately. Don’t sit their like a twit and try to justify a bad trade as you lose more money, dump it. Move on. Forget the need to be right.
The market does not care about your opinion and what you think it ought to do. The market cannot be tamed, placed in a box, or coerced into your way of thinking. The market does not care about your technical analysis based on past history not does it care about your projections for the future. The market does not care about this edge or that one. The market does not care about what I think, about what the most popular flavor of the month guru thinks, or what the latest ANALyst on CNBC or FOX thinks. The market does not care about your dreams, goals, and aspirations no matter how well grounded and planned. The market does not care...
