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Archive for 'Business & Economics'

$1.1T: CMS Sets Record for Annual Spending by a Federal Agency

(CNSNews.com) - The Centers for Medicare and Medicaid Services, which runs the federal government’s major health-care programs as well as the Obamacare insurance exchange, spent $1,113,178,000,000 in fiscal 2013, according to the Monthly Treasury Statement for September, which was released last week. That sets a record for the most money ever spent by a federal […]

Senate Bill Bans Discrimination Against Cross-Dressers

By Terence P. Jeffrey (CNSNews.com) - The Employment Non-Discrimination Act, which will come up for a cloture vote in the Senate today, mandates that employers in the United States permit men to dress as women at work and women to dress as men as long as they otherwise adhere to “reasonable dress or grooming standards.” […]

UK growth looks set to be fastest in the West

The Telegraph - John Ficenec The UK economy is expected to be the fastest growing in the western world as business confidence reaches a ten year high, survey claims Britain’s economy is poised to grow at the fastest rate of any nation in the western world, as business confidence reaches a 10-year high, according to the […]

Obamacare website goes dark for nightly fix-it work

CNN - Michael Pearson Insomniacs and chronic wee-hour shoppers: Take shopping for Obamacare insurance on the federally run HealthCare.gov website off your overnight shopping lists — at least for a while. The part of the problem-plagued website that allows people to apply for coverage will now be taken offline nightly between 1 and 5 a.m. […]

Romney: Obama’s broken healthcare promise ‘rotting away’ second term

The Hill - Mario Trujillo Mitt Romney said President Obama’s broken healthcare promise that people who like their insurance can keep it is “rotting away” his second term in office. If the White House wants to regain trust, Romney said it needs to work with both parties to rebuild the law.

Obamacare stonewall: Media stymied

The Hill - Patrick Mortiere and Bob Cusack A slew of media organizations have petitioned the government to release ObamaCare data that the White House has refused to make public. CNN, ABC, MSNBC and others have filed Freedom of Information Act (FOIA) seeking information on the beleaguered healthcare.gov website. They have also asked for government documents revealing how […]

Court strikes down mandate for birth control in ObamaCare

The Hill - Julian Hattem A federal appeals court on Friday struck down the birth control mandate in ObamaCare, concluding the requirement trammels religious freedom. The D.C. Circuit Court of Appeals — the second most influential bench in the land behind the Supreme Court — ruled 2-1 in favor of business owners who are fighting […]

Food stamp cuts create high demand for food bank supplies

USA TODAY - Marisol Bello The holiday season is approaching in November and December, the time of year when most food banks receive more than half of their donations for the year. The flip side: More people turn to food banks for help during that time, too. Food banks across the country, stretched thin in the […]

Republicans Give Health Law Room to Stumble

The Wall Street Journal - Siobhan Hughes New Tack Is a Departure From More Confrontational Approach Still Favored by Some in Party Many House Republicans are replacing their push to delay or defund the 2010 federal health law with a new strategy: Hang back and see if problems with the rollout continue or get worse. It is […]

UK economy: it’s rebalancing – but not as we know it

The Telegraph - Andrew Sentance We should not give up on the idea of the rebalancing of the UK economy. It has been happening – but not in the way policy-makers originally expected When the UK economic recovery started in 2009, there were high hopes that growth would be led by a resurgence of manufacturing […]

The Fed is locked in a QE prison of its own making

The Telegraph - Liam Halligan US policymakers are caught in a trap – a seemingly inescapable dilemma that stems directly from the massive scale of QE Back in the spring, Ben Bernanke told the world that “tapering” would start “later this year”. The Federal Reserve Chairman was indicating, in other words, that America’s central bank […]

Obama donor’s firm hired to fix Web mess it created

New York Post - S A Miller A tech firm linked to a campaign-donor crony of President Obama not only got the job to help build the federal health-insurance Web site — but also is getting paid to fix it. Anthony Welters, a top campaign bundler for Obama and frequent White House guest, is the […]

BLS: Real Wages Declined in 3rd Quarter; Down 3.2% Under Obama

CNS News.com - Terence P Jeffrey The real median earnings of both men and women dropped in the third quarter of 2013 and are down 3.2 percent since President Barack Obama took office in the first quarter of 2009, according to data released today by the Bureau of Labor Statistics. In non-inflation-adjusted dollars, Americans who worked […]

Germany rebuffs US criticism of its growth model

BBC Germany has hit back at US criticism of its export-led growth model, describing the attack as “incomprehensible”. The rebuff came after a US Treasury report said Germany’s dependence on exports for growth was hurting the eurozone and the wider global economy.

Internal notes show paltry initial enrollment in Obamacare

CNN - Jason Seher Six people. That’s how many Americans had successfully enrolled in the federal health care exchange by the morning of October 2, according to documents provided to the House Oversight and Government Reform Committee. Notes from a “war room” meeting at the Center for Consumer Information and Insurance between administration officials and […]

Google launches Nexus 5 handset with Android Kitkat

BBC - Mark Ward Google has officially unveiled the latest incarnation of its flagship Nexus smartphone. Made by LG, the handset is smaller, slimmer and lighter than the Nexus 4 but its 4.96in (126mm) touchscreen is bigger. The Nexus 5 has been developed to show off the capabilities of the new version of the Android […]

‘Low health risk’ from fracking, says UK agency

BBC - David Shukman The risks to public health from fracking for shale gas are low, according to a new official report. Any problems publicised so far - such as in the US - are the result of operational failure or poor regulation.

Google Outraged by Government Snooping but the NSA Denies Claim

IRNUSA News - Sean Scott Ferguson More fallout from whistle-blower Edward Snowden, as the Washington Post reported on operation MUSCULAR, operated by the NSA and UK’s GCHQ, citing the latest leaked documents from Snowden. Operation MUSCULAR allows the copying of data flowing through fiber-optic network cables overseas. Records from Google and Yahoo are sent by […]

INTENT TO FAIL

By Marilyn M. Brannan - IRN/USA News October 30, 2013 Jonathan Strong of National Review reported on October 29 that one of the top Democrats—House Democratic Whip Steny Hoyer—had conceded to reporters that day that Democrats knew people would not be able to keep their current health care plans under Obamacare. In response to a […]