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Rebooting the financial casino

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From IAN WELSH, Open Left,  12 Nov 2009

Where Health Care Reform Stands Now: Who's Selling Out Whom For What

It's time to evaluate where health care reform stands at this point. Guaranteed Issue:  The best thing about the bill is unquestionably the fact that insurers have to issue policies to anyone who can pay.  No one can be denied coverage, no matter what ...

From IAN WELSH, Open Left,  9 Nov 2009

Related Topics: Barack Obama

Doing a Stimulus Right and Wrong

Meanwhile, the news about last week’s GDP numbers was that a big chunk of the 3.5% gain came from “motor vehicles”, which most economists are reading as meaning that the cash for clunkers program, in which the government gave credits for purchasing a ...

From IAN WELSH, Open Left,  2 Nov 2009

The Fed and the Pay Czar's Executive Compensation Restriction Plans

It won’t significantly reduce payIt will concentrate on risk management, which is to say trying to tie pay to longer term measures rather than shorter term measuresThe big banks will have to give their compensation packages to the Fed upfront, but the ...

From IAN WELSH, Open Left,  23 Oct 2009

Related Topics: Federal Reserve,  Goldman Sachs

Summers breaks his arm patting himself on the back

The Obama administration has helped pull the U.S.  economy back from the “abyss” with aggressive efforts to spur growth and  stabilize financial markets, a top White House adviser said on Monday… …”Thanks largely to the Recovery Act, alongside an ...

From IAN WELSH, Open Left,  13 Oct 2009

Related Topics: White House,  Barack Obama,  U.S. Republican Party,  John Boehner

What Not Being Able To Buy Oil In Dollars Means

Buying oil in dollars is one of the foundations of the dollar’s role as the world’s primary reserve currency. Because the the dollar is the world’s primary reserve currency Americans have been able to borrow money for significantly less than other ...

From IAN WELSH, Crooks and Liars,  8 Oct 2009

Related Topics: Barack Obama,  Federal Reserve,  General Motors,  NATO,  Airbus

That Horrible Canadian Health Insurance System

Went and renewed my Ontario Health Insurance Plan (OHIP) card today. Stepped into the OHIP office at 8:30, an office close enough to where I live that I could walk to it . A receptionist looked at my forms and documentation (a phone bill to show my ...

From IAN WELSH, Open Left,  5 Oct 2009

The Reason Insurance Company Execs Aren't Scared of the Public Option

"I believe the private system is important because it brings innovation, it brings energy, it brings change, it brings ideas that are often used in the public sector system as well," said Richard Collins, senior vice president for underwriting, pricing ...

From IAN WELSH, Crooks and Liars,  2 Oct 2009

Related Topics: Congressional Budget Office,  Barack Obama

Iranian Nuclear Hysteria

The story is questionable at best.  Under the Non Proliferation Treaty, Iran believes it needs to only declare sites 180 days before it introduces nuclear materials to them.  This has been Iran's stand for years, and there is no evidence that the site ...

From IAN WELSH, Open Left,  30 Sep 2009

The Problem With Healthcare Reform Isn't the American People

Everyone may not have experienced these costs and problems directly, but I'd be willing to lay long odds that almost no Americans haven't had them happen to a friend, co-worker or family member. It's hard to get worked up for mush and so, by and large, ...

From IAN WELSH, Open Left,  21 Sep 2009

Related Topics: U.S. Republican Party,  Barack Obama

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