Target to Push Part-Time Workers Onto ACA Exchanges

By: Wednesday January 22, 2014 7:01 am

Target is the latest big company that is going to drop coverage for some of its worker and encourage them to instead buy their own government-subsidized coverage on the Affordable Care Act exchanges. From Bloomberg: Target Corp. (TGT) said it will end health insurance for part-time employees, joining Trader Joe’s Co., Home Depot Inc. and [...]

Republican Party’s Embrace of Privatizing Medicare via Vouchers Is Now Complete

By: Wednesday August 22, 2012 8:55 am

It has been a long road, but the Republican Party’s embrace of the idea of privatizing Medicare via a voucher system is now complete. The GOP will add Paul Ryan’s plan to turn Medicare into a voucher program to their official party platform, based on a draft version likely to be ratified. From Bloomberg: “While [...]

Study: Auto-Enrollment Could Serve as a Replacement for the Individual Mandate

By: Friday June 15, 2012 9:30 am

Depending on how the Supreme Court rules this month regarding the individual mandate, some of the law’s supporters many soon start looking for a replacement which can serve a similar role in getting more people to buy insurance. According to a new Bloomberg Government Study, an auto-enrollment system could function as a decent replacement. The [...]

We Should Raise the Minimum Wage

By: Tuesday April 17, 2012 11:14 am

The editors at Bloomberg have a good op-ed calling for the federal government to raise the pathetically low minimum wage. From Bloomberg: Here’s an unhappy observation about the minimum wage: Congress last increased the rate in stages in 2006, topping it out at $7.25 an hour in 2009, or $15,080 a year. That amount, when adjusted [...]

This Is Your Defense of Goldman Sachs and Wall Street?

By: Thursday March 15, 2012 10:38 am

I found the Bloomberg editorial response to Greg Smith’s resignation letter from Goldman Sachs to be so terrible that ironically I think it is a more damning criticism of the current destructive culture on Wall Street than Smith’s original piece. The editors at Bloomberg basically try to paint Smith as naive and stupid, then conclude [...]

Hank Paulson’s Secret: Of Course the System Is Rigged

By: Tuesday November 29, 2011 9:31 am

When former Goldman Sachs exec Henry Paulson was Treasury Secretary he apparently gave his hedge fund buddies extremely helpful and lucrative secret information about his plans to seize Fannie Mae and Freddie Mac while still assuring the public everything was fine. To a room full of hedge fund mangers, including many of his former colleagues, [...]

Mayors’ Strategy Against Occupations: Let Them Eat Snow or Pepper Spray

By: Tuesday November 15, 2011 8:28 am

A nation wide pattern, possibly coordinated among officials from many states, has emerged for how political officials are trying to deal with the occupy protest. In the Northern locations the pattern has been to wait until the cold winter freezes them out. In the warmer climates, where the cold can’t be counted on to crush [...]

Standard and Poor’s US Downgrade Shock Doctrine; Lather, Rinse, Repeat

By: Friday September 16, 2011 8:51 am

The ratings agency Standard and Poor’s is threatening another downgrade of the United States credit rating if the Super Committee doesn’t get results. From Bloomberg: “If there were another downgrade, it would probably be because something has happened with the budget control act, that it has somehow been watered down” or “the fiscal committee doesn’t [...]

Obama’s Deficit Focus is a Complete Political Failure

By: Wednesday September 14, 2011 8:52 am

President Obama has spent a lot of time and political capital on the issue of long term deficit reduction. He made deficit reduction a top focus of the health care reform law. He create his own deficit reduction commission when Congress failed to create their own. When that failed he spend months talking about the [...]

Obama’s Pivot to Jobs Will Last Almost a Whole Week

By: Wednesday September 7, 2011 8:54 am

Tomorrow will be President Obama’s big jobs speech before the joint session of Congress. This is Obama’s pivot to unemployment, which is the biggest crisis in American right now and predicted to drag on for years. Unfortunately, reports are that this pivot to jobs probably won’t even last a full week before Obama puts his [...]

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