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About Linkfilter
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linkfilter.net is just what the name implies, a link filter. All links are posted and moderated by
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Health care: Going from broken to broke
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government
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.png)
Link #150128
submitted by Mac
on Mar 13, 2010 09:46pm.
(+100XP)
http://money.cnn.com/2010/03/12/news/economy/debt_health_care.fortu...
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A few nights ago in the historic Renaissance Grand Hotel in St. Louis, Mo., President Obama reassured a crowd of Senator Claire McCaskill supporters that health-care reform wouldn't just be good for their health, it would be good for the health of the country: "I said at the beginning of this thing we would not do anything that adds to our deficit," he said to the clapping audience. "This plan does not do anything to add to this deficit. And that's how we should be operating."
What he didn't discuss was what kind of accounting he was using to generate such applause lines. And the answer to that sheds new light on whether the nearly $900 billion measure really delivers the savings -- or, as many fear, does exactly the opposite.
The issue is critical, because America is hurtling towards a debt crisis. On March 5th, the Congressional Budget Office released a report stating that the federal debt will grow far faster than the president is predicting, reaching a staggering 90% of GDP by 2020. That's comparable to the load now crippling Greece. In a decade, says the CBO, one dollar in six of federal spending would go towards paying interest almost equaling expenditures on Medicare.
Comments: 0
Hits: 9
Points: 209825
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On the Spot with Kim Jong-il
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some dude/some chick
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Link #150125
submitted by johnny2000
on Mar 13, 2010 12:40pm.
(+200XP)
http://www.boston.com/bigpicture/2010/03/on_the_spot_with_kim_jong-...
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The Korean Central News Agency (KCNA), North Korea's state-run (and only) news agency, sporadically releases photos of reclusive 69-year-old leader Kim Jong-il as he makes "on-the-spot" guidance visits. Kim Jong-il, continuing a practice begun by his father, Kim Il-sung, makes these visits to factories and facilities throughout the country, purportedly to offer his personal guidance. Followed by army officers, security personnel and plant managers - most carrying pencils and notepads to record the guidance of "Dear Leader" - he examines, listens, gives a talk, poses, then moves on, entourage in tow. When viewing the photos below, keep in mind that the KCNA is a state-run operation, most of the photos are undated, no photographers are credited, and independent verification of circumstances is nearly impossible. Collected here are a few recent photos released by the KCNA of Kim Jong-il giving "on-the-spot" field guidance.
Comments: 0
Hits: 60
Points: 204113
Rating: 8.3 / 3
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Statsweeper
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the biz
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Link #150123
submitted by johnny2000
on Mar 13, 2010 11:38am.
(+140XP)
http://statsweeper.com
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With Statsweeper, you can watch thousands, even millions of data sets. Bond yields, shipping volumes, world trade. Spotting emerging economic trends in America, China and everywhere in between. The kind of game-changing events Bloomberg won't be talking about until months from now, when it's too late to act.
Here's the best part. Keeping your finger on the faintest beats of the global financial pulse doesn't require weeks, days or even hours of your time. All it takes is a few minutes a day. Let us explain how this unique system works.
We mentioned that no human being can monitor all of the world's financial data. You could literally work 24-7 and barely scratch the surface. A smart investor working round the clock would catch a few blips on the radar. But still miss most of the important happenings.
Statsweeper dramatically expands investors' viewfinder by using automated technology to capture and analyze financial data around the world, in near real-time. Every hour, the system uploads thousands of data points from sources like the U.S. Department of Treasury, Chinese shipping authorities, and commodities trading houses.
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Hits: 74
Points: 203456
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