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Sales of new homes in the United States posted their largest monthly gain in eight years in June, the government reported on Monday, a sign that the housing market is bottoming as buyers take advantage of lower prices.Read More......
The Commerce Department reported that new single-family home sales rose 11 percent in June, an increase that dwarfed economists’ expectations of a 3 percent increase. The pace of home sales rose to a seasonally adjusted rate of 384,000 a year, the highest level since November.
Despite the monthly increase, sales of new homes were still down 21 percent from June 2008, and the market is still swamped by a glut of for-sale houses and foreclosed properties.
“These are still really bad numbers,” an economist at IHS Global Insight, Patrick Newport, said. “The market just couldn’t have dropped much further.” As sales rose, median prices of new homes continued to fall, slipping to $206,200 from $232,100 in June a year ago.
Virginia Congressman Eric Cantor may be a GOP rising star, but he sure is a hypocrite.Read More......
How else to describe someone who is a leading critic of President Obama's Recovery Act and yet also joins his congressional colleagues to urge Virginia's Department of Transportation to apply for stimulus money for high-speed rail? If that isn't two-faced, what is?
More than 160 million workers and family members now get health insurance through an employer. A widely cited study by the Lewin Group, a private health research firm, estimated that more than 100 million people would sign up for the public plan proposed by House Democrats, making it the dominant insurer in the land....Read More......
CBO estimates that only 11 million to 12 million people would sign up for the public plan — making it a much smaller player in the market. The government coverage would be available alongside private plans through a new kind of insurance purchasing pool called an exchange. CBO estimated about 6 million of those enrolled in the public plan would be workers and family members of employers that joined the exchange.
After weeks of secretive talks, a bipartisan group in the Senate edged closer Monday to a health care compromise that omits a requirement for businesses to offer coverage to their workers and lacks a government insurance option that President Barack Obama favors, according to numerous officials.Read More......
Like bills drafted by Democrats, the proposal under discussion by six members on the Senate Finance Committee would bar insurance companies from denying coverage to any applicant. Nor could insurers charge higher premiums on the basis of pre-existing medical conditions.
But it jettisons other core Democratic provisions in a reach for bipartisanship on an issue that has so far produced little.
As the debate over health-care reform intensifies, Bayh's wife is receiving lucrative payouts from some of the companies that could be most affected by that legislation.What a surprise that Susan Bayh won't answer questions.
Bayh contends the $2.1 million that his wife, Susan, earned from public health-care companies from 2006 to 2008 represents no conflict of interest. Questions persist, however, for at least two reasons. First, Evan Bayh has been unclear about his positions on many issues related to health-care reform. Second, there's the timing of Susan Bayh's rapid rise into corporate governance.
Susan Bayh, who was a midlevel lawyer for the politically active Eli Lilly and Co. while her husband was governor of Indiana, did not serve on the board of a single public health-care company until it was clear her husband was about to ascend to the U.S. Senate. Only one month before Evan Bayh was elected to the Senate in a landslide vote, his wife was appointed to serve on the board of what would become the nation's largest health insurance company -- and arguably the company with the most at stake in the health-care reform debate.
Within a few years, numerous companies recruited her, and she eventually served on the boards of eight companies. At least one of them asked her to reduce the number of boards she served on, apparently because she was spread too thin to be effective.
Adding to speculation about a connection between her board memberships and her husband's office is Susan Bayh's unwillingness to discuss the matter, including for this story. She has declined several requests for comment on her corporate interests, making it difficult to tell where those interests end.
The senior Republican on the Senate Judiciary Committee says he'll vote against Supreme Court nominee Sonia Sotomayor.Sessions has proven he doesn't have the ability to resist the pull of racism. It's marked his career. Why the Republicans put him front and center on this one is beyond me.
Alabama Sen. Jeff Sessions says he doesn't think Sotomayor has the convictions to resist the pull of judicial activism once she becomes a justice.
Right now the fate of health care reform seems to rest in the hands of relatively conservative Democrats — mainly members of the Blue Dog Coalition, created in 1995. And you might be tempted to say that President Obama needs to give those Democrats what they want.He then deconstructs what the Blue Dogs are complaining about -- and what they actually want:
But he can’t — because the Blue Dogs aren’t making sense.
So what are the objections of the Blue Dogs?Hypocrites.
Well, they talk a lot about fiscal responsibility, which basically boils down to worrying about the cost of those subsidies. And it’s tempting to stop right there, and cry foul. After all, where were those concerns about fiscal responsibility back in 2001, when most conservative Democrats voted enthusiastically for that year’s big Bush tax cut — a tax cut that added $1.35 trillion to the deficit?
But it’s actually much worse than that — because even as they complain about the plan’s cost, the Blue Dogs are making demands that would greatly increase that cost.
Advair 500-50 DISKUS - 1 month supplyAs for the US pharmaceutical industry's argument that they'd just go broke if we didn't let them charge us a 300% mark-up over the cost of the drugs in Europe, then how does France's very well-to-do pharmaceutical industry survive? Read More......
US: $272.79 (gotta love the 79 cents)
France: 63 euros, or $89 (mind you, that's with a very weak dollar)
So a one year supply of Advair will cost you $2200 more in the states than in Europe.
Symbicort 160-4.5 MCG, 11g - 1 month supply
US: $194.47 (again, 47 cents?)
France: 54 euros, or $77 (actually the French drug is 200-6 versus the American drug 160-4.5, so it appears the French one has even more of the drug)
And a year's supply of Symbicort will cost you $1400 more in the states than in Europe.
Every day that goes by without a vote in the House or Senate on universal health care makes it less likely that major reform will occur, because (1) opponents have more time to stir up public anxieties about it; (2) Democrats up for reelection next year come ever closer to the gravitational pull of the midterms, and grow increasingly worried about voting for a bill that could be a political liability in a year when unemployment may well reach double digits and the electorate is restless and unhappy; and (3), as a result of the first two, proponents increasingly have to rely for support and cover on industries like Big Pharma and insurance, as well as physician specialists and equipment suppliers, none of whom have any interest in fundamental reform but all of whom see possibilities for making more money out of whatever bill emerges.Yes, groups like MoveOn (to their credit) are turning out lots of supporters to their health care rallies. But. Have the health care reform groups really created a national conversation about health care? Have they really convinced the public (which shouldn't need any convincing at all) that our health insurance system is broken, and that our health insurance companies can't be trusted? Is the American public truly demanding change? I'm just not sure our groups are quite doing their jobs. This is not what a national campaign looks like. At least one that's effective. Where's our Harry & Louise ad that burns in the mind of every American? Where's our catch phrase like "Hillary Care"? We keep hiring the same people who simply don't seem to understand how PR advocacy and guerrilla advocacy work. And then we're surprised that we get the same results over and over again. Read More......
In other words, next fall we get something called "universal health insurance" that still leaves millions of Americans uninsured and doesn't substantially slow the meteoric rise of health-care costs. That would be a tragedy.
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