"When Obama pitched the healthcare law to Congress, he said it would cost 'around $900 billion' over 10 years. But his statement was misleading because the way the law was designed, the major spending provisions didn't kick in until 2014. This meant that 10-year estimates at the time the law was passed in 2010 were artificially low, because they included four years (2010 through 2013) in which spending was negligible."
$2 trillion. That's what the Congressional Budget Office now says ObamaCare will cost over the next decade.
Representative Jim Moran, Democratic House member from Virginia, has come out and stated that ObamaCare, as it stands right now, is essentially unsustainable. He told American University Radio last week that that the major problem is that young people are not signing up for the program and that this dearth of enrollments is threatening to unravel the whole thing. He even went so far as to say that young people are correct in choosing to avoid signing up for this program. Listen to this:
“I’m afraid that the millenials, if you will, are less likely to sign up. I think they feel more independent, I think they feel a little more invulnerable than prior generations. But I don’t think we’re going to get enough young people signing up to make this bill work as it was intended to financially. And frankly, there’s some legitimacy to their concern because the government spends about $7 for the elderly for every $1 it spends on the young.”
A radical left-wing party vowing to end Greece's painful austerity program won a historic victory in Sunday's parliamentary elections, setting up a showdown with the country's international creditors that could shake the eurozone.
Alexis Tsipras, leader of the communist-rooted Syriza party, immediately promised to end the "five years of humiliation and pain" that Greece has endured since an international bailout saved it from bankruptcy in 2010.
"The verdict of the Greek people ends, beyond any doubt, the vicious circle of austerity in our country," Tsipras told a crowd of rapturous flag-waving supporters.
Syriza appeared just shy of the majority that would allow it to govern alone. With 97.6 percent of polling stations counted, Syriza had 36.4 percent — and 149 of parliament's 300 seats — versus 27.8 percent for Prime Minister Antonis Samaras' conservatives.
In spite of the fact that communism simply doesn't work, countries keep voting to give it a try. Venezuela now has 63% annual inflation, high unemployment, and food shortages. I watched the US State of the Union address and felt a distinct chill...
A report by Der Spiegel last week, indicated that a site in Qusayr, Syria, on the border with Lebanon between Damascus and Homs, has been identified as a nuclear-related site. Spiegel cites government intelligence sources who have studied activity at the site since 2009, when work on it began. The site appears to be an underground facility for which the excavation was carefully disguised:
According to intelligence agency analysis, construction of the facility began back in 2009. The work, their findings suggest, was disguised from the very beginning, with excavated sand being disposed of at various sites, apparently to make it more difficult for observers from above to tell how deeply they were digging. Furthermore, the entrances to the facility were guarded by the military…
The most recent satellite images show six structures: a guard house and five sheds, three of which conceal entrances to the facility below. The site also has special access to the power grid, connected to the nearby city of Blosah. A particularly suspicious detail is the deep well which connects the facility with Zaita Lake, four kilometers away. Such a connection is unnecessary for a conventional weapons cache, but it is essential for a nuclear facility.
Beyond the observed developments at the site, Spiegel quotes a source as offering communications intelligence confirmation:
But the clearest proof that it is a nuclear facility comes from radio traffic recently intercepted by a network of spies. A voice identified as belonging to a high-ranking Hezbollah functionary can be heard referring to the “atomic factory” and mentions Qusayr. The Hezbollah man is clearly familiar with the site. And he frequently provides telephone updates to a particularly important man: Ibrahim Othman, the head of the Syrian Atomic Energy Commission.
Two things to watch in the coming days are the resurgence of heavy combat in Ukraine and the uncertain situation in the Arabian peninsula following the fall of the administration backed Yemeni government to Iranian-backed rebels and the death of Saudi Arabia’s King Abdullah.
In Eastern Europe, Russia is on the offense. The problem is how to call it something else.
The Business Insider has a photo spread and map depicting the recent loss of Donetsk airport to Moscow’s forces. Those are the basic physical facts. The political facts are another matter. The Washington Post says the administration and its European allies are trying to keep characterizing events as a mere hiccup in Western-Russian relationships and are at pains to avoid any appearance of regarding it as a belligerent situation because of all that would entail.
The American taxpayers are being looted under the Obama Administration. The real estate company owned by Sen. Dianne Feinstein's husband is about to get a windfall thanks to the government-run economy. Here's what the New York Post's Richard Johnson had to say about it: "The US Postal Service plans to sell 56 buildings -- so it can lease space more expensively -- and the real estate company of the California senator's husband, Richard Blum, is set to pocket about $1 BILLION in commissions. Blum's company, CBRE, was selected in March 2011 as the sole real estate agent on sales expected to fetch $19 billion. Most voters didn't notice that Blum is a member of CBRE's board and served as chairman from 2001 to 2014." Apparently, deals like this have been going to the Feinsteins for years. Once again, Feinstein has found a loophole to direct taxpayer money to her husband and the companies owned by his friends.
According to analysts John Choi and Alex Liu, Alibaba Group will be worth $130 in a year. This price target is based on 50 times their 2016 earnings estimate and is 8% higher than the mean $120.29 price target polled by Factset. The analysts noted that Alibaba should be trading at a “30% premium to the company’s China Internet peers.” Daiwa is banking on Alibaba’s international potential: "We believe investors should focus on 2 of Alibaba’s initiatives: 1) crossborder transactions (“Haitao”), and 2) its China Smart Logistics (“Cainiao”) joint venture."
Since Alibaba’s “cross-border ecommerce business model” “has the potential to redefine the retail environment in China,” Daiwa’s 2017 earnings forecast is 5% than the Bloomberg consensus. Alibaba’s international e-commerce business is still at a very nascent stage however. See my December 22 blog “Foreign Brands Struggle To Enter China Via Alibaba: WSJ“.
I bought more at 92 on the way down. Upgrades and price target raises began coming through. GILD was dirt cheap on a PEG ratio basis BEFORE the Express Scripts announcement. Long term, GILD has been very rewarding.
Unfortunately, the President is very anti-energy and anti-nuclear. He loves wind, solar, and ethanol and wants to crush all other forms of energy through overregulation.
He's taxing poor people and giving rebates to millionaires who buy Teslas.
Detroit – On Wednesday, Barack Obama will launch his pre–State of the Union, economic-victory tour at Ford’s Michigan Assembly plant in order to showcase the fuel-efficient, hybrid-electric cars produced there. The Obama administration claims such vehicles are the transportation of the future and Michigan Assembly was one of eleven Ford plants that shared $6 billion in federal retooling funds to make the fuel-sipping (but coal-fired electricity dependent) vehicles.
Trouble is, the factory will be shut down when Obama visits, due to a lack of demand for its green products, the compact Ford Focus and hybrid C-Max.
The White House says Obama’s speech at the plant will highlight “the workers in the resurgent American automotive and manufacturing sector . . . and the decision to save the auto industry and the over one million jobs that went with it.”
But with gas prices below $2 a gallon and demand for SUVs surging, those workers aren’t making Obama-preferred vehicles at Michigan Assembly. Sales for the Focus and C-Max were down 6.4 and 21.6 percent respectively in 2014. “We are seeing buying decisions swaying more toward SUVs,” a Ford spokesperson tells the Detroit News. “Dealers don’t need the (small car) inventory.
There is a large disparity in time spent on mobile and the percentage of ad budgets that go toward reaching these users. As cited by Ms. Sandberg in the most recent conference call, 2013 was the first year where the average adult spent more time on digital media than watching TV. Moreover, the gap has continued to grow in 2014. This continuing shift will lead to ad budgets going toward desktop and mobile platforms, especially in the form of video advertising. Google's (NASDAQ:GOOG) (NASDAQ:GOOGL) YouTube and Facebook will be the biggest beneficiaries of this shift. FB's recent deal with the National Football League (NFL) provides empirical evidence of this trend. The NFL signed a deal to give FB exclusive rights to video clips, which will be followed by Verizon (NYSE:VZ) advertisements.
Furthermore, Facebook appears to be edging out YouTube and is taking a larger percentage of this growing market. Facebook provides advertisers with a plethora of data giving advertisers much appreciated transparency, which has led to a preference in FB compared to YouTube. According to comScore, in August, Facebook surpassed YouTube on desktop video views for the first time. With an apparent increase in the number of auto-play ads, this gap will increase moving forward.
The Washington Post, has a list of the tasks our leaders will attempt to make the world a better place in the coming year. They promise to:
Address Syria’s civil war and Iraq’s spiraling violence;
Resolve Russia’s economic collapse;
Restart the Israeli-Palestinian peace process;
Improve the European Union;
Rebuild post-war Afghanistan;
Defuse a crisis in Sri Lanka;
Resolve the crisis in Yemen and Libya;
Make a nuclear deal with Iran;
Stop a newly resurgent Ebola in Africa;
Reduce tensions between China and Japan;
Fix global inequality;
Reach out to North Korea to moderate their immoderation;
Solve the plight of the Rohingya Muslims in Burma who are menaced by Buddhist extremists
All to be accomplished with a dysfunctional Congress and a disinterested Commander in Chief. One thing you can say for our leaders is they are persistent.
MOSCOW (AP) — Russia says Ukraine's deal to buy U.S.-made nuclear fuel for its Soviet-built reactors could trigger a nuclear accident.
Prime Minister Arseniy Yatsenyuk of Ukraine announced Tuesday that his nation has reached a deal on nuclear fuel deliveries with Westinghouse to reduce dependence on Russian supplies.
Russia's Foreign Ministry deplored the move as a "dangerous experiment that threatens safety and health of the Ukrainian citizens and peoples of Europe." It said nuclear fuel produced by the U.S. company doesn't quite fit Soviet-built nuclear reactors that Ukraine has.
The ministry said Ukrainian authorities must take a responsible approach to nuclear safety, or risk disasters such as the 1986 Chernobyl one, which was a result of a flawed Soviet reactor design coupled with serious mistakes made by the plant operators.
In a statement Tuesday, Westinghouse said it "has been working in the Ukrainian market since 2003, and brings diversification of suppliers, global best practices and technology to the Ukraine market. Westinghouse fuel is currently operating safely and efficiently at the South Ukraine Nuclear Power Plant without any defects in performance."
NEW YORK (TheStreet) --Analysts at D.A. Davidson raised their price target on Skyworks Solutions Inc. (SWKS) to $85 from $75 on Wednesday morning.
The firm said it upped its numbers on the analog semiconductors producer based on stronger industry demand trends.
D.A. Davidson said that most players in this industry "are poised for record results" in the fourth quarter.
The firm said it is too early to call the first quarter but said it believes most companies will report record results for this period as well.
Piper Jaffray’s Ruben Roy today reiterates an Overweight rating on shares of DRAM and NAND chip maker Micron Technology (MU), and raises his price target a buck to $44, writing that the company should benefit from tight supply among all industry participants in 2015 as demand rises for parts in mobile applications and servers and for solid-state drives.
NY Observer: Anti-American sentiment has been growing slowly in Russia since the war in former Yugoslavia. But the sharp recent increase happened as a result of the US-led sanctions that were imposed on Russia after the ‘Russian annexation of Crimea.’ For example, just last week Visa and MasterCard completely stopped their operations in Crimea, leaving more than 2 million people there without access to their money. 75% of Russians do not believe that their country is responsible for the events in Ukraine. On the contrary, they blame the US.
When the sanctions began, many Russian businesses responded by putting up ‘Obama Is Sanctioned Here’ signs on their doors and windows.
However today they went much farther.
The owners of the Moscow supermarket “Electronics on Presnya” are using American flag doormats so the customers could wipe their dirty feet off, according to the British tabloid Daily Mail. “Customers have been filmed wiping their feet on the fabled stars and stripes as they enter and exit stores across Moscow, as struggling retailers take a hopeless swipe at their Cold War adversaries,” reports the newspaper. According to the Moskovky Komsomolets Moscow newspaper, the nation’s business owners decided to put the US flag under the Russians’ feet because of the strained relations between the two countries. “New doormats with the American flag were put at every exit so that America would not think that she is allowed to everything,” they say. “From one perspective, of course it is a flag, but from the other, because of this entire situation in the world, regular folks are suffering. All the electronics we import, mostly from China and buy for dollars. We have to work directly so the US would have no chance to manipulate the prices.” (The Russian ruble lost about 50% of its value because of the economic sanctions by the western countries and a fall in the oil price.)
You may be right.
LEU market cap is currently $37,440,000.
Revised NYSE Continued Listing Standards
- $375m global market cap 30 day average and less than
$15m revenues for the most recent fiscal year
- $100m global market cap 30 day average
- $1.00 share price 30 day average
Wall Street started trading the so-called January Effect sometime near the start of the 1980s. The effect refers to investors' selling smaller stocks out of their portfolios at the end of the year in order to take tax losses. They then buy back the shares in the new year.
As the trend became more popular, the phenomenon began happening earlier in December with the lift in small caps actually occurring before the start of the next year. So the group's recent outperformance should come as no surprise.
"After a year of consolidation, the setup on the RTY (Russell 2000) looks much more attractive to us than at any point in the last six-nine months," wrote Jonathan Krinsky, chief market technician for MKM Partners in New York. Based on historical patterns, he projects a rally of 12 to 13 percent for the small cap index.