What’s interesting in the news today?
Open thread, with a few from me.
1. Summer of Recovery? Not this year.
From Forbes “The U.S. economy grew in the first quarter — but very, very, very slowly. Most economy watchers blame frigid winter weather for dampening forward progress but not everyone is convinced weather tells the whole story.
The Bureau of Economic Analysis’ advance estimate of first quarter 2014 real gross domestic product shows output produced in the U.S. grew at a glacial 0.1% rate. This is growth relative to fourth quarter 2013, when real GDP increased 2.6%. Economists were anticipating growth around 1.1%.”
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2. And here’s some more economic numbers that show the continuing slump and lack of recovery.
From ZeroHedge “No, the economy is most definitely not “recovering”. Despite what you may hear from the politicians and from the mainstream media (shrugging off today’s terrible GDP print), the truth is that the U.S. economy is in far worse shape than it was prior to the last recession. In fact, we are still pretty much where we were at when the last recession finally ended. When the financial crisis of 2008 struck, it took us down to a much lower level economically. Thankfully, things have at least stabilized at this much lower level. For example, the percentage of working age Americans that are employed has stayed remarkably flat for the past four years. We should be grateful that things have not continued to get even worse. It is almost as if someone has hit the “pause button” on the U.S. economy. But things are definitely not getting better, and there are a whole host of signs that this bubble of false stability will soon come to an end and that our economic decline will accelerate once again. The following are 17 facts to show to anyone that believes that the U.S. economy is just fine…
#1 The homeownership rate in the United States has dropped to the lowest level in 19 years.
#2 Consumer spending for durable goods has dropped by 3.23 percent since November. This is a clear sign that an economic slowdown is ahead.
#3 Major retailers are closing stores at the fastest pace that we have seen since the collapse of Lehman Brothers.
#4 According to the Bureau of Labor Statistics, 20 percent of all families in the United States do not have a single member that is employed. That means that one out of every five families in the entire country is completely unemployed.
#5 There are 1.3 million fewer jobs in the U.S. economy than when the last recession began in December 2007. Meanwhile, our population has continued to grow steadily since that time.”
And yet the Obama admin would like us to believe that the unemployment number has been dropping. Fuzzy math can’t hide the truth for much longer.
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3. A Doctor’s Declaration of Independence.
From TheWallStJournal “So when do we say d%$@ the mandates and requirements from bureaucrats who are not in the healing profession? When do we stand up and say we are not going to take it any more?
The Centers for Medicare and Medicaid Services dictates that we must use an electronic health record (EHR) or be penalized with lower reimbursements in the future. There are “meaningful use” criteria whereby the Centers for Medicare and Medicaid Services tells us as physicians what we need to include in the electronic health record or we will not be subsidized the cost of converting to the electronic system and we will be penalized by lower reimbursements. Across the country, doctors waste precious time filling in unnecessary electronic-record fields just to satisfy a regulatory measure. I personally spend two hours a day dictating and documenting electronic health records just so I can be paid and not face a government audit. Is that the best use of time for a highly trained surgical specialist?
This is not a unique complaint. A study commissioned by the American Medical Association last year and conducted by the RAND Corp. found that “Poor EHR usability, time-consuming data entry, interference with face-to-face patient care, inefficient and less fulfilling work content, inability to exchange health information between EHR products, and degradation of clinical documentation were prominent sources of professional dissatisfaction.”
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4. Why am I not surprised?
From TheDailyCaller “Outgoing Health and Human Services Sec. Kathleen Sebelius is now refusing to testify before the Senate Appropriations Subcommittee on Labor, Health and Human Services, Education, and Related Agencies, a Senate aide told The Daily Caller Tuesday.
Sebelius had originally been set to testify before the subcommittee about the department’s 2015 $70 billion budget request on April 2.
According to another aide, however, several weeks after confirming the hearing date, she requested a date switch with the National Institutes of Health budget hearing on May 7. The committee accommodated her request.
Now, after announcing her resignation on April 11, she is refusing to testify according to the two aides, even though she is still the sitting secretary — remaining at the post until her successor, OMB Director Sylvia Mathews Burwell is confirmed.“
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5. I feel like we were supposed to at least get cake or something…..
From TheWashingtonExaminer “The travel costs for vacations taken by the first family and the Bidens have reached over $40 million with the Air Force’s revelation that two golf outings by President Obama this year cost $2.9 million, according to the taxpayer watchdog group Judicial Watch.
The group said that the Air Force provided documents and records that put the price of the first family’s trip to Key Largo, Fla., in March at $885,683 just for flying Air Force One. The travel costs to golf in Palm Springs, Calif., in February, where the president also met with King Abdullah II of Jordan, was $2,066,594, said the Air Force documents, according to Judicial Watch.”
“So far, Judicial Watch said that it has tabulated vacation travel costs, mostly just Air Force jet time, at over $40 million. Far more money is spent on accommodations, communications, rooms and cars for staff, security and U.S. Secret Service protection, Navy and Coast Guard ships offshore and the prepositioning of cars and helicopters, but those costs are not usually revealed.”
Given the amount of staff, and resources needed for them, the real numbers gotta be 10 times that. What a waste.
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