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What is the US Affordable Care Act?

The 2,700-page law contains a complex web of mandates, directives, price controls, tax increases and subsidies. The measure is conservatively expected to cost $2.4 trillion in its first full decade.

Oct. 7 ( ─ The Affordable Care Act, passed by US Congress and signed into law by the President in March 2010, will not be implemented all at once. Portions of the law have already taken effect like provisions that implement a new Patient's Bill of Rights.

According to the White House, if people living in the United States purchase or join a new plan on or after September 23, 2010, insurance companies must:

Obamacare«Cover recommended preventive services without charging out of pocket costs: Services like mammograms, colonoscopies, immunizations, pre-natal and new baby care will be covered, and insurance companies will be prohibited from charging deductibles, co-payments or co-insurance.

Provide an opportunity to appeal coverage decisions: Consumers will be guaranteed the right to appeal insurance company decisions to an independent third party.

Guarantee enrollees their choice of primary care provider: Consumers will have their choice of provider within the plan's network of doctors, including OB-GYNs and pediatricians, without a referral, as well as out-of-network emergency care.»

These three provisions, the White House explains, will benefit up to 88 million people by 2013 out of the more than 300 million living in the United States.

However, there are already at least 20 hidden taxes in the Obama's Health care plan coming down upon Americans the next few years. So, along with rationed care for seniors and forced health insurance, Americans now find there is a Real Estate Tax snuck into the Health care plan.

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La fascinante astronomía de los presupuestos

Un millón de dólares
He aquí un millón de dólares en billetes de $100.

En el Condado de Miami-Dade, en el Sur de la Florida, aumentaron el presupuesto en medio de un período de aguda recesión económica.  Esto implica un alza de los impuestos para la mayoría de sus habitantes. De nada valieron sus protestas.  Pero estos acontecimientos no son una aberración provocada por autoridades carentes de un sentido del límite y la moderación, sino que se repiten en muchas partes del mundo sin que parezca haber racionalidad alguna en esta carrera desenfrenada de despilfarro presupuestario.  

Cuando se debaten cifras tan astronómicas, según el idioma y la cultura se miden de forma diferente.  Es decir, un billón, en inglés o en español tiene una cantidad diferente de ceros,  lo cual contribuye a la confusión de la mayoría de la gente, frustrada por su incapacidad de imaginar su magnitud.

Como el idioma universal de los negocios y las finanzas es el inglés, se impone la idea del billón en los medios, los informes y la contabilidad como el equivalente a mil millones.  Es decir, un 1 seguido por nueve ceros.  Parece una cifra muy grande, ¡y lo es!, pero como el gasto desenfrenado ahora se mide en cientos y hasta miles de billones (trillones en inglés), la gente se va acostumbrando a tomar a la ligera la idea de un simple "billoncito" o dos. 

Un trillón de dólares
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Madoff & Goldman Sachs - Where was [is] the SEC?

The Securities and Exchange Commission is experiencing a crisis of public esteem, particularly for failing for more than a decade to bust confessed Ponzi-schemer Bernie Madoff and alleged Ponzi-schemer Alan Stanford. This week's $550 million settlement with Goldman Sachs over fraud charges notwithstanding, "Where was the SEC?" has a familiar ring.

altOne of the simpler and more effective things the SEC could do is adapt a new system of statistical incentives for agents to measure themselves against. Instead of encouraging field offices to take on a larger number of cases, the SEC should encourage them to take on more complex cases.

Jul. 14.─ Goldman Sachs Group Inc. and the Securities and Exchange Commission recently held discussions about a possible settlement to simultaneously resolve the fraud lawsuit against Goldman and some of the agency's lower-profile probes of the Wall Street firm's mortgage department, according to people familiar with the situation.

The settlement idea was floated by Goldman, which is eager to end the bad publicity swirling around the New York company ever since the SEC sued it in April over a collateralized debt obligation called Abacus 2007-AC1, these people said. Combining a settlement of the Abacus lawsuit with a resolution of related SEC probes could so the Goldman clients and investors, while shielding the firm from the release of information that could be used against Goldman in private litigation.


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Bilderberg 2010: global recession and other agenda items

"Bilderberg Club" annual metings provoke a lot of speculation but the real agenda and goals remain mostly a secret among some 150 World personalities.  The following is just one among many speculative press reports.  However, it is something we all need to be aware of.  Lets hope that some relevant and promising information may emerge from the Dolce Sitges Hotel (photo)
Dolce Sitges Hotel

Sitges, June 3.─ This year’s confab will focus around prolonging the global financial recession and creating more economic woe in order to provide the pretext for more regulation in pursuit of world economic governance, according to Jim Tucker’s sources.

“Bilderberg hopes to keep the global recession going for at least a year, according to an international financial consultant who deals personally with many of them. This is because, among several reasons, BILDERBERG STILL HOPES TO CREATE A GLOBAL 'TREASURY DEPARTMENT' UNDER THE UNITED NATIONS. Bilderberg first undertook this mission at its meeting last spring in Greece, but the effort was blocked by nationalists in Europe and the United States. 'Nationalists' (a dirty word in Bilderberg) objected to surrendering sovereignty to the UN,” writes Tucker.

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