"Senate Republicans aren't saying much about what's in their health care bill, but they have made one thing perfectly clear: They have given up on fully repealing Obamacare." Continue reading →
"This is going to put Obama's shovel-ready, anti-recession boondoggle to shame. Only it isn't going to happen. It didn't happen for Obama, either." Continue reading →
"Iowa makes it a crime for doctors to open up a new location and offer services without obtaining special permission known as a 'certificate of need.' Permission is not easy to come by: Dr. Birchansky must persuade state officials that his outpatient surgery center is 'needed' in the proposed location through a cumbersome process that resembles full-blown litigation and that allows existing businesses (his competitors) to oppose his application. This process amounts to nothing more than certificates of monopoly." Continue reading →
"Have too much cash? You’d better tell the government. If not, they’re authorizing themselves in this bill to seize not just the money you didn’t report, but ALL of your assets and bank accounts. They even go so far as to specifically name 'safety deposit boxes' among the various assets that they can seize if you don’t fill out the form." Continue reading →
"A computer-based interface called Deal Link has replaced informal checklists that were once tended and passed down between generations of rainmakers. It now arranges and tracks legal and compliance reviews, fills in forms and generates reports. The industry is under intense pressure to improve profitability, while contending with young workers less willing to put in 18-hour days. At Goldman Sachs, managers say they’re looking to new technology to free up junior bankers in particular, letting them focus on more satisfying work." Continue reading →
"A newly published report by the Monetary Authority of Singapore (MAS), reveals details of ‘Project Ubin’ its blockchain effort 'which places a tokenized form of the Singapore Dollar (SGD) on a distributed ledger' platform." Continue reading →
"It's official: not only has bitcoin officially made its way to Wall Street, but confirming rumors that emerged over the weekend, 'hedge' funds - starved of volatility in virtually all other asset classes - are now not only actively trading the volatile digital currency, but as clients of the vampire squid, have petitioned Goldman's chief technician, Sheba Jafari to start covering it." Continue reading →
"If we’re not going to war, we’re doing a really good imitation." Continue reading →
"The study, which was first outlined by the Washington Post, helped stir up the debate over how a legitimate cannabis market might be able to reduce the national opioid problem. That’s because the University of Georgia data shows when medical marijuana is available, pain patients are increasingly choosing pot over powerful — and potentially deadly — prescription narcotics. Specifically, the researchers found that — in the 17 states with a medical-marijuana law in place by 2013 — prescriptions for painkillers and other classes of drugs fell sharply, compared with states that did not have a medical-marijuana law." Continue reading →
"State lawmakers in California and New York voted this year to pass state-run single payer health care plans, despite the fact that both states would need to double their existing tax revenue to pay for the new entitlement. But even if those political hurdles are overcome, and even if the two states figure out how they are going to come up with the necessary tax revenue—about $400 billion in California's case, and somewhere between $91 billion and $225 billion in New York's—to make those systems functional, both may run into another problem: The whole thing could be against the law." Continue reading →