This chart compares the 1928-1929 stock market with the current market. Pretty damn identical.-Lou
Listen to this week’s archived ”The Financial Physician” radio show on Voice America’s Business Channel. .-Lou
What a creep. It’s time for revolution.-Lou
Some Reid staffers exempt from Obamacare exchanges
Washington (CNN) – Democratic Senate Majority Leader Harry Reid, one of Obamacare’s architects and staunchest supporters, is also the only top congressional leader to exempt some of his staff from having to buy insurance through the law’s new exchanges.
Reid is the exception among the other top congressional leaders. GOP House Speaker John Boehner, House Democratic Leader Nancy Pelosi and Senate Republican Leader Mitch McConnell have all directed their staffs to join the exchange, their aides said.
In the charged atmosphere surrounding Obamacare, Reid’s decision only gives Republicans more ammo to attack Democrats already suffering politically from the law’s botched rollout.
In September, Reid told reporters, “Let’s stop these really juvenile political games — the one dealing with health care for senators and House members and our staff. We are going to be part of exchanges, that’s what the law says and we’ll be part of that.”
That’s true. Reid and his personal staff will buy insurance through the exchange.
But it’s also true that the law lets lawmakers decide if their committee and leadership staffers hold on to their federal employee insurance plans, an option Reid has exercised.
Reid spokesman Adam Jentleson emphasized, “We are just following the law.”
My newest newsletter is now available.-Lou
Click On lou fall newsletter
My suggestion…Do not use this website at all.-Lou
No security ever built into Obamacare site: Hacker
CNBC- It could take a year to secure the risk of “high exposures” of personal information on the federal Obamacare online exchange, a cybersecurity expert told CNBC on Monday.
“When you develop a website, you develop it with security in mind. And it doesn’t appear to have happened this time,” said David Kennedy, a so-called “white hat” hacker who tests online security by breaching websites. He testified on Capitol Hill about the flaws of HealthCare.gov last week.
“It’s really hard to go back and fix the security around it because security wasn’t built into it,” said Kennedy, chief executive of TrustedSec. “We’re talking multiple months to over a year to at least address some of the critical-to-high exposures on the website itself.”
According to the Department of Health and Human Services, which oversaw the implementation of the website, the components used to build the site are compliant with standards set by Federal security authorities.
“The privacy and security of consumers’ personal information are a top priority for us. Security testing happens on an ongoing basis using industry best practices to appropriately safeguard consumers’ personal information,” said the spokesperson.
Another online security expert—who spoke at last week’s House hearing and then on CNBC—said the federal Obamacare website needs to be shut down and rebuilt from scratch. Morgan Wright, CEO of Crowd Sourced Investigations said: “There’s not a plan to fix this that meets the sniff test of being reasonable.”
(Read more: Fix Obamacare site? ‘Better chance of seeing God’)
Last month, a Sept. 27 government memorandum surfaced in which two HHS officials said the security of the site had not been properly tested before it opened, creating “a high risk.”
HHS had explained then that steps were taken to ease security concerns after the memo was written, and that consumer information was secure. Technicians fixed a security bug in the password reset function in late October, the agency said.
But on CNBC, Kennedy disputed those claims, saying vulnerabilities remain on “everything from hacking someone’s computer so when you visit the website it actually tries to hack your computer back, all the way to being able to extract email addresses, users names—first name, last name—[and] locations.”
I stumbled upon this eye opening video about how income and wealth is spread in America. The top 1% have more wealth than most of us believe. Be prepared to be blown away.-Lou
Every year we watch videos like this where people fight each other for bargains on whatever the day after the nations best holiday, Thanksgiving. Now stores are opening on Thanksgiving Day making moms and dads work instead of being at home enjoying the holiday with their families. Instead of relaxing after a huge holiday meal many are compelled to rush to Walmart to go shopping. This is really sick and embarrassing. Oh shoot, I better run to Walmart, they have the XBOX One on sale!!! (at least two of them)- I hope you had a wonderful Thanksgiving, I sure did.-Lou
This is the great interview with Jim Sinclair. A brilliant man who
finally goes into details on how the financial world functions. Worthy of your time to listen-Lou
Did someone say BIG government? In 3:11 you will see just how gargantuan is has become in 220 years.-Lou