What’s interesting in the news today?
Looks like we’re about to make a deal with the devil.
From TheTelegraph/UK “America has proposed a short-term nuclear agreement with Iran at a meeting in Geneva which would allow Tehran to continue enriching uranium at low levels, according to an aide briefed on the talks.
The goal is to freeze Iran’s nuclear programme for perhaps six months in order to create a breathing space for a comprehensive agreement to be negotiated.”
“Mr Kerry will go to Geneva “in an effort to help narrow differences in negotiations”, said a senior State Department official.
But Benjamin Netanyahu, the Israeli prime minister, warned on Thursday that any deal which failed to stop Iran from enriching uranium would be a “mistake of historic proportions”.”
And don’t think for a minute that this will stop Israel from doing what they think is necessary to protect themselves.
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Here’s something to keep in mind as the ObamaCare fiasco rolls on. Don’t forget, this is the home state of a certain community organizer turned politician. I imagine ObamaCare will operate in the same way when it comes to reigning in fraud.
From HotAir “Remember Medicaid? You know, the massive, costly federal healthcare program for America’s indigent? Within the last few months, it’s been (a) exposed as an empirical failure by the most comprehensive study ever done, and (b) expanded hugely by Obamacare, natch. Here’s how Medicaid is working in the Land of Lincoln.
The early findings of an ongoing review of the Illinois Medicaid program revealed that half the people enrolled weren’t even eligible. The state insisted it’s not that bad but Medicaid is on the federal government’s own list of programs at high risk of waste and abuse. Now, a review of the Illinois Medicaid program confirms massive waste and fraud. A review was ordered more than a year ago– because of concerns about waste and abuse. So far, the state says reviewers have examined roughly 712-thousand people enrolled in Medicaid, and found that 357-thousand, or about half of them shouldn’t have received benefits. After further review, the state decided that the percentage of people who didn’t qualify was actually about one out of four.
Not to fear, taxpayer-fleecing fraudsters, Big Labor has heroically filed a lawsuit to block the state from using private workers to purge ineligible recipients from the Medicaid rolls. This thing may be tied up in court for awhile:”
I imagine they won’t be real concerned with making sure those getting subsidies deserve them either, and that the Medicaid fraud will grow nationwide as a result.
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Democrats are about to introduce more job-killing legislation. And everyone will pay higher prices across the board if they’re successful. Hopefully it’s DOA in the House.
From TheWashingtonExaminer “Senate Democrats, hoping to move beyond the disastrous rollout of the new health care law, plan to pivot to legislation that would increase the federal minimum wage by nearly $3, to over $10 an hour.
Democratic lawmakers met privately Thursday to discuss proposals, including one by Sen. Tom Harkin, D-Iowa, which would raise the federal minimum wage to $10.10 per hour, a nearly 40 percent increase. It would also would tie wage levels to inflation.”
“Senate Majority Whip Dick Durbin, D-Ill., called the proposed minimum wage increase “long overdue, an important economic issue and a message to working families struggling paycheck to paycheck that we can help.”
They’ll be struggling even more when they lose their job because of this.
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Louisiana is about to crack down on folks who took advantage of the EBT system shutdown last month.
From HotAir “Last month, a malfunction in the EBT system used by Louisiana and 16 other states led to a “no-limit” food run on several a whole lot of stores in Louisiana, with over 12,000 transactions made during the malfunction being declined for lack of funds . Those who abused the system in places like the Walmart in Many, Louisiana, which chose to not enforce the emergency $50 per account limit that was supposed to be enforced during the malfunction, thought they were in the clear after Walmart and local police decided not to pursue charges:
The Many Police Department posted this week on its Facebook page: “Apparently after reviewing surveillance tapes and interviewing witnesses, Wal-Mart has no evidence of any theft, nor any other criminal activity during the October 12th disturbance at the store. With this information, the Many Police Department has closed the investigation at this time.”
They were wrong:
The Louisiana governor’s office said Wednesday night that it would strip food stamp benefits from anyone who took advantage of an EBT card malfunction that in some cases caused an all-out shopping frenzy in some stores across the state, The Advocate reported.”
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The unemployment rate has ticked back up to 7.3%. Mostly it’s fuzzy math. Once again, another nearly million Americans dropped out of the labor force last month.
From ZeroHedge “First, the labor force participation rate, which plunged from 63.2% to 62.8% – the lowest since 1978!
But more importantly, the number of people not in the labor force exploded by nearly 1 million, or 932,000 to be exact, in just the month of October, to a record 91.5 million Americans! This was the third highest monthly increase in people falling out of the labor force in US history. “
Carteresque no?
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And this one demonstrates the fuzzy math at play here. Last month much was made about an unexpected increase of 691,000 full-time jobs. But this month we learn that 621,000 full-time jobs were lost. BLS numbers have become a useless joke.
Also from ZeroHedge “So much for the surge in 691,000 full-time jobs in September. One short month later, indicating just what a farce the BLS’s sampling process is, while the algo frenzy-inducing establishment survey showed a gain of 204,000 workers, the household survey had some other ideas. True, the headline household survey number rose by an almost identical 213,000 workers, however it is when trying to foot that number into the actual components, when one gets a headache. Because according to the same survey, a whopping 623,000 full-time workers (supposedly government) lost their jobs in October, nearly offsetting the entire 691,000 gain the month before which it turns out was purely for Obamacare (now hopelessly damaged) optics.”
And part-time jobs showed a loss as well.
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