Monday, May 16, 2016

Top of the News - 16 May

*1. "Smokin' in the boys room!"


Ok.  Line drawn in the sand.  Let's see what happens.  It's ALL about money.



When the Olympics are in your country, you have to win the most medals by any means necessary, right?



“We are very sorry that athletes who tried to deceive us, and the world, were not caught sooner,” wrote the sports minister, Vitaly Mutko.


The provisions of the 2012 Jumpstart Our Business Startups Act (JOBS Act) are finally starting to ramp up. One of JOBS Act key components is the ability to more broadly crowdfund startups. Someone with a good idea no longer has to go the venture capital route. As of today, just about anyone can become an equity partner in a startup.

"Starting May 16, the Securities and Exchange Commission is rolling out a new program that will allow private companies to use crowdfunding to sell securities — up to $1 million over a 12-month period."

"Individual investors with less than $100,000 of net worth will be allowed to invest the lesser of $2,000 or five percent of their annual income or net worth."


+ From NYT - New Crowdfunding Rules Let the Small Fry Swim With Sharks

*4. Affordable? Care Act

Some will read the headline above and immediately say, "See! I told you Obamacare is the devil!" However, we need to stay calm and study the data.

From NYT - Get Ready for Higher Obamacare Rates Next Year

"There are three main reasons premiums are likely to be substantially more expensive — and one factor offsetting the increases: Medical care will cost more, The training wheels are coming off Obamacare, A lot of insurers charged too little to cover costs, But: Congress gave plans a windfall."

"Most people who are buying insurance on the Obamacare marketplaces will not feel the effects of these increases; the formula that calculates federal subsidies will offset the increases for them."
"But rising prices will hurt higher-income Americans who have to pay their own premiums."

"Higher prices are not, by themselves, a sign that the insurance marketplaces are dysfunctional or failing."

"To some extent, the coming increases will be a correction, not a sign that markets are spiraling out of control."

"While headlines about high prices may be right, beware of predictions that they mean Obamacare is failing. A one-year price increase does not spell doom."

I have my own opinions, but, as a country, we need to let this play out. I'm confident that we are smart enough to ensure that EVERY American (we are the richest nation on the planet) has access to quality healthcare.

*5. The Chief of "Revitalizing the Economy"

"Earlier this month, she [Hillary Clinton] said she had told Mr. Clinton that he would need to “come out of retirement” to help put people back to work."

*BOTTOM OF THE NEWS

*You know things are bad when you can't even attend the Hajj - Hajj Closed to Iranians After Year of Discord

*In case you ever wondered... - How Real Are Homeland and House of Cards? We Ask the Spy Chief

*Found Change Project is a blog I created a few years ago to track change I was picking up. It's amazing how much change is lying around. All you have to do is keep an eye out because it's everywhere. In the U.S. it's no stretch to find about $50 a year picking up change. The best place to find change is at the airport security line.

From NYT - T.S.A. Collected Over $760,000 in Unclaimed Cash at Airports

"In the New York metropolitan area, Kennedy International Airport reported the highest total of unclaimed funds: $43,715.81. La Guardia Airport reported $23,413.61, and Newark Liberty International Airport raked in $12,846.78."

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