Hard hitting global and local news
On September 2, 2011, the Wall Street Journal chimed in with A French Banking Primer The effects of a system that ‘encourages excessive financial leverage’. By its own account, Credit Agricole’s tangible common equity is just 2.1% of its assets—which means its €1.6 trillion balance sheet is leveraged nearly 49-to-1.
Read this article: Gambling On No Healthcare Insurance: Is it a Good Deal? Here’s the Math; Obamashock! Work More, Get…
CNBC reports Obamacare bombshell: IT official says HealthCare.gov needs payment feature Another day, another big, bad black eye for HealthCare.gov. A crucial system for making payments to insurers from people who enroll in that federal Obamacare marketplace has yet to be built, a senior government IT official admitted Tuesday.
Portland Local News reports 18,000 applications, 0 enrolled . With all the problems facing the rollout of President Barack Obama’s health care overhaul, nowhere is the situation worse or more surprising than in Oregon, a progressive state that has enthusiastically embraced the federal law but has so far failed to enroll a single person in coverage through the state’s insurance exchange.
Continued here: Eight Choices for "Generation Wait"; Percentage of Young Adults Moving Hits 50-Year Low
In October, the Federal judge overseeing the Detroit bankruptcy came flat out and stated Protecting Detroit pensions may violate bankruptcy code In an exchange with an attorney representing Detroit’s two pension funds, U.S.
I found out about the above rejection from a Washington State Actuary who writes … Hello Mish My dad introduced me to your blog a few years ago and I enjoy all your posts. In all the crazy nonsense that gets said today, I know I can come to your blog and find some common-sense thinking.
Small Business Optimism Sinks On "Precipitous Decline in Hiring Plans"; Is Lack of Credit an Issue? The National Federation of Independent Business (NFIB) reports Small Businesses Optimism Takes a Tumble largely due to a precipitous decline in hiring plans
Please consider Moody’s warns of bankruptcy in Scranton as city faces $20 million budget gap . Moody’s warned investors that Scranton could be facing the threat of default or bankruptcy thanks to a $20 million budget gap for the fiscal year that begins Jan