NYT: Is Single Payer Our Health Salvation?
Listen to the doctors? I assume cherry-picked from a selection of responses; the choices an opinion in itself.
naked cap: Destroying Medicare to Save ObamaCare: Hillary Clinton’s “Public Option” Plan.
“Eliminating Medicaid estate recovery, whereby over-55 people forced into Medicaid by ObamaCare’s eligibility rules have any costs incurred clawed back from their estates. Since the only real asset most people may have is their homes, that means sick elders might not be able to pass their homes down to the kids. Fixing that injustice would be one of those incremental changes Clinton is supposed be so enthusiastic about. Since Clinton doesn’t bring up something so obvious, the only conclusion I can draw is that the Democrats just don’t give a future coprolith.”
Guardian.UK: US corporate giants hoarding more than a trillion dollars.
naked cap: Quelle Surprise! US Big Business Prefers Clinton to Trump by 2:1 Margin.
SF New Mexican: New Mexico health insurers propose rate hikes for 2017.
“Blue Cross Blue Shield of New Mexico also plans to sell coverage on the exchange this year, and proposals submitted to the state show average increases of as much as 83 percent for individuals.” Jesus H. Christ. The next enrollment period starts November 1 - election is November 8. Once America sees the rate hikes ... ? The Dems have wanted to avoid mentioning the necessary ACA fixes during the election cycle - but if price hikes match these news articles, the nominee better start doing a fast dance or it’ll be a dull Trump-Trump-Trump sound over their political grave.
NakedCap: After Distancing Herself, Hillary Wants Bill as “Mr. Economic Fix It”.
“My husband, who I’m going to put in charge of revitalising the economy, because you know he knows how to do it.” Dear God, she’s lost her mind. And the election. I thought dredging up ‘oldies’ Fleetwood Mac was a boner. That’s nothing compared to this. The whole ‘two for one’ deal was a rough sell in ‘92. This one’s so backward-looking, it takes my breath away.
NY Times: Priced Out of a Childhood Home.
Not NY, but anyone who grew up in Princeton knows this. My childhood home sold for about $360k in 1996. Sells for over a cool million now. I’d love to be able tell Dad he lived in a mansion ...
FishbowlNY: The Toast Is Shuttering.
USA Today: Emma Watson named in Panama Papers.
Like magic. Except the magic failed. No privacy.
ABQ Free Press: Insurance Rates Headed Up.
“The preliminary rates aren’t yet public and will most likely be adjusted by Franchini’s office, but a source told ABQ Free Press that two insurers are seeking average rate increases of 28 to 30 percent. Another is asking for increases of up to 80 percent, and two are asking for increases in the 3 to 12 percent range.” All the independent contractors of my acquaintance are going ballistic over this. Payment of the penalty and going without, seeking non-exchange out-of-state insurance are being discussed.
The Atlantic: Need Cash Fast? Ask Reddit.
The Atlantic: Truck Stop - How One of America’s Steadiest Jobs Turned Into One of Its Most Gru
“This is the experience of many truckers. They are convinced to work as independent contractors by trucking carriers trying to rid themselves of the financial responsibilities of employers and shift the risk of owning and operating trucks to workers.” This is not just in trucking - nearly everyone I know who used to be full-time, are now forced into independent contracting.
Washington Examiner: GOP donors - Not a dime for Trump.
“Repelled by Trump and convinced he can’t beat Hillary Clinton, wealthy GOP contributors are abandoning the presidential contest and directing their lucrative networks to spend to invest in protecting vulnerable Republican majorities in the House and Senate.” Terrible autoplay music on mine.
Tangential: Rollcall - How the downballot campaigns will handle Trump. “The campaigns also want to keep the races as focused on local issues as possible, hopeful to avoid a potential anti-Trump national wave.” Of course, this is exactly where you can’t trust ‘em. Once they get to Washington ... ideological lockstep. Your choice be damned.
The Atlantic: The Average 29-Year-Old.
“The median income at 29 is about $35,000. Talk of a steady ‘career’ for most young people is more aspirational than descriptive. Jobs are still temporary for twentysomethings. The average American has had more than seven jobs before she turns 29, and a third of them lasted less than six months.” Jeebus, just read it.
Register.UK: F-35s failed ‘scramble test’ because of buggy software.
“During the first 30 flights with Block 3iR6.21, which accumulated 75.6 hours of flight time, no less than 27 power cycles were required to get all systems functioning between initial startup and takeoff. These power cycles varied in degree – from “cold iron” resets, where the aircraft had to be shut down and then restarted, to component or battery power recycling.” This is simply ridiculous.
NY Times: Drastic Cutbacks in Illinois.
The Atlantic: Opting Out of Coastal Madness to Live a Low-Overhead Life.
“So it turns out you can get richer simply by moving to where people are poorer. That is horrifying. And some might find it insensitive to praise the virtues of living a middle-class life in a region beset by deindustrialization and poverty, where the low cost of living is enabled, in part, by the difficulty so many have in scratching out a living.”
The Atlantic: Trump’s Plan to Bring Jobs Back From China Misses the Point on U.S. Manufacturing.
“The truth is, even if China blinked out of existence tomorrow, there just wouldn’t be a need for much of the work America lost. While low-skilled labor dominated manufacturing in decades past, automation and computers have made factory floors both tremendously productive and relatively human-free. A revitalized American manufacturing sector would raise employment, but not to the levels seen in 1979—a heyday that economists say is unlikely to be repeated.”
The Atlantic: The Two Contradictory Ideas Many Americans Have About the Economy.
“Many Americans, then, are holding two contradictory ideas in their mind at once: the optimistic belief that their success is in their hands (on display since Tocqueville’s Democracy in America) and the acknowledgement that wages have been steadily stagnating (on decline since the band America).” Dumb reference, that last one.
Dissent: Is Labor a Commodity in Wisconsin?
“Surely if labor (or labor power) is a commodity, it is as Marx and many others have noted a peculiar one. It has sentience, feelings, ideas and the capacity for resistance. It’s not just another bar of soap.”
BillMoyers: Clinton’s Defense of Big Money Won’t Cut It.
She must move left on this issue.
Pacific Standard: Why Are Americans Killing Themselves?
“Consider that some three-quarters of the eight million jobs lost during the Great Recessions were in manufacturing—the sort of trade that primarily employed white men. And those jobs aren’t coming back any time soon.” No upward mobility, debt bondage, isolation ... how hard can it be to understand?
Guardian.UK: Trump and Clinton share Delaware tax ‘loophole’ address with 285,000 firms.
“This squat, yellow brick office building just north of Wilmington’s rundown downtown is the registered address of more than 285,000 companies. That’s more than any other known address in the world, and 15 times more than the 18,000 registered in Ugland House, a five-storey building in the Cayman Islands that President Obama called ‘either the biggest building in the world, or the biggest tax scam on record’.” Remember those text ads in the back of magazines, “Incorporate in Delaware”? Yeah. That. Surprised it is still allowed to exist.
Watch the Circus: Why I Blew the Whistle on the SEC’s Investigation of Goldman Sachs.
The Atlantic: Many Middle-Class Americans Are Living Paycheck to Paycheck.
“The Fed asked respondents how they would pay for a $400 emergency. The answer: 47 percent of respondents said that either they would cover the expense by borrowing or selling something, or they would not be able to come up with the $400 at all. Four hundred dollars! Who knew?” Dryly: Apparently only Washington and media journalists don’t know.