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A lame duck President talking now would not help. |
Obama on TV. Unprecedented early transition of power. A testament to our constitution and our nation we can do this. |
Traders on floor NYSE joking all we needed was for Pres Bush to talk today to worsen the -8.93% S&P loss. |
"Until the money is loaned by banks, the money isn't printed."-Steve Liesman CNBC. Finally, someone making that clear. |
It's official. The NBER says the US economy entered recession in December 2007. |
Obama is doing great in press conference. |
Time to catch up on the disaster called our economy. |
Letting health care companies maximize profits by blocking access to a public good is criminal. |
Could apply same concept to those who cannot afford insurance but have govt pay. Cheaper than emergency rooms. |
Everyone's rates would go up a bit, but this will happen eventually through nationalization if system keeps failing. |
Health is a public good, and we can dictate to insurance companies the price of admission into our markets. |
Sorry. Insurance companies get randomly assigned the same % of uninsurable people as they insure in whole population. |
Health costs are number 1 reason for bankruptcies in US. Even if you have money, with a bad medical history you lose. |
Basically, whatever percentage of population insurance company insures, they randomly get assigned same $ of uninsurable |
I would legislate a lottery system for the un-insurable (prior bad medical histories) and have them pay average cost. |
Main problem with healthcare is they can cherry-pick their customers. |
Good morning twitterers. Everyone is so busy and thanks for all the links. |
What a bloody day on Wall Street. Down 8% now up to 6.22%. VIX (fear gauge for S&P based on options) around 71. |
For my friends who like gold. Nice video on Financial Times covering risks http://tinyurl.com/6o4335. |
VIX up to 61 - Fear and loathing on Wall Street. |
