The New York Times has a fairly good overview piece on which for profit health care businesses will make out like bandits.
With a sweeping overhaul of the nation’s health care system, Congress would be giving the health care industry as many as 32 million additional paying customers in the next few years.
That would mean millions more Americans buying private health insurance and better able to pay for their hospital stays, doctors’ visits, prescription drugs and medical devices.
Over all, the legislation would be a positive for much of the industry, said Les Funtleyder, who oversees health care strategy for Miller Tabak & Company, a New York investment firm.
The job growth projections predict a shortage, that's right a shortage in workers. In a new report:
Assuming a return to healthy economic growth and no change in immigration or labor force participation rates, Barry Bluestone, Dean of the School of Public Policy and Urban Affairs at Northeastern University, predicts that within the next eight years there could be at least 5 million potential job vacancies in the United States, nearly half of them (2.4 million) in social sector jobs in education, health care, government and nonprofit organizations. The loss in total output could limit the growth of needed services and cost the economy as much as $3 trillion over the five-year period beginning in 2018.
The I.M.F.’s staff concluded in a report last summer that the renminbi was “substantially undervalued, ” and that this was contributing to China’s large trade surpluses in recent years. But China has blocked the release of that report, a prerogative of the I.M.F.’s member countries, although most allow the release of the I.M.F. staff’s reports on their economies.
China didn't like the IMF call out their currency manipulation so they bury the report? Gets even better. Be prepared for a propaganda war due to a statistical anomaly, (really, who does trust official Chinese statistics on their economy?), China will report a trade deficit:
On The Economic Populist you might have noticed the middle column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.
Sometimes though, one cannot say it better but miss those who did.
Must Read Post #1
The Altanta Fed blog looks at Gross Domestic Income (GDI) and notes it's correlation to GDP and this recession's divergence.
It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
Considering how Lehman Brothers is looking good to be the new Enron, revisiting memory lane on the last $200 billion dollar Wall Street debacle is in order. Amazing isn't it? Ten years later and all that has happened is we get to have new Economic Armageddons that are 100 times worse.
It’s all in the family! Senator Chris Dodd writes a financial reform bill but forgets to regulate derivatives, “financial weapons of mass destruction.” Then we find out that his wife works for the owners of two exchanges that will very likely benefit from Dodd's “reform” legislation.
They make the rules. They take the money, all of it, and leave us with debt. And they tell us it’s all legal.
Watch this video of Bernanke denying any knowledge or seemingly oversight on Lehman Brothers using 105 repos when questioned by Representative Spencer Bachus.
Congressional representative Alan Grayson is writing letters asking where are those AIG emails?
I write to request that you turn over to this office, and the public, e-mails backed up on AIG’s servers, including internal accounting documents and financial models developed by the company in the last decade. The public owns AIG. We bought it, for an initial down payment of $182 billion. You are the representatives of the public, through your positions as the three trustees of the AIG Credit Facility Trust.
It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
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