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25 Mar 2009 10:40

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Biz, U.S.: Pre-existing conditions may cease to exist at health insurers

  • before If you happened to have a pre-existing condition, you were charged higher premiums by your health-care provider. They sucked for millions of people.
  • soon? If Obama’s insurance plan goes through, insurance companies will drop the premiums like a bad habit. This is really good news for millions of people. source
Posted by Ernie Smith • 0 Comments • Permalink

23 Mar 2009 22:18

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Biz, U.S.: Timothy Geithner, isn’t it nice that today didn’t blow up in your face?

  • then Last month, Geithner released an economic plan short on details and high on hope. Wall Street didn’t like that.
  • now This month, Geithner actually released a detailed plan that said what they were gonna do. Wall Street liked that. source
Posted by Ernie Smith • 0 Comments • Permalink

01 Mar 2009 11:18

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U.S.: COBRA insurance got more affordable, thanks to the stimulus

  • 65% of the cost will be covered by the government. If you get laid off between September 1, 2008 and December of this year, you’re eligible for a new program designed to make COBRA health insurance payments actually affordable. The program, designed to let people continue to have health insurance even while unemployed, has famously cost way too much. But for many with pre-existing conditions, it’s the only option. Big ups for the Obama administration. source
Posted by Ernie Smith • 0 Comments • Permalink

27 Feb 2009 09:57

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U.S., World: Who likes the Iraq plan? Who doesn’t?

  • Democrats = Boo. Many Democrats think leaving 50,000 troops in Iraq until 2011 is too many for too long. It also breaks a campaign promise by Obama, who said it would be over sooner. “50,000 is a little higher number than I anticipated,” said Senate Majority Leader Harry Reid.
  • Republicans = Yay! Republicans seem largely on board with the president who chose the deadline based on military suggestions. The final end date is January 1, 2012. Rep. John McHugh of New York said the plan “is one that we should pray for, plan for and work toward.” source
Posted by Ernie Smith • 0 Comments • Permalink

27 Feb 2009 09:41

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U.S., World: The plan to bring the troops home from Iraq

  • at least 90,000 troops will leave Iraq starting in August 2010
  • up to 50,000 troops will stay in Iraq until the end of 2011 source
Posted by Ernie Smith • 4 Comments • Permalink

10 Feb 2009 21:08

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Biz, U.S.: The stock market didn’t like the bailout plan, either

  • $1 trillion the size of the plan Geithner proposed; he was sparse when it came to the details of the plan
  • -382 points in afternoon trading after the announcement was made in the morning; that’s a 4% decline source
Posted by Ernie Smith • 0 Comments • Permalink

10 Feb 2009 20:59

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Biz, U.S.: Experts didn’t like the bailout plan

  • This policy is just inadequate. The first quarter is just going to be grotesque for the banks – and then we’re going to have to have this discussion all over again.
  • Chris Whalen • A managing director at financial research provider Institutional Risk Analytics, on Treasury Secretary Timothy Geithner’s bailout plan, which proved to be highly unpopular on its announcement. • source
Posted by Ernie Smith • 0 Comments • Permalink
 

24 Jan 2009 13:05

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U.S.: Obama: “hold my Administration accountable”

  • I understand that skepticism, which is why this recovery plan must and will include unprecedented measures that will allow the American people to hold my Administration accountable for these results.
  • President Barack Obama • in his first weekly radio/video address, in which he builds a case for his rapid-deploy $825 billion economic stimulus plan to those skeptical of its size and scale • source
Posted by Ernie Smith • 0 Comments • Permalink
 
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