From Reuters:
Two New Jersey cities top November U.S. metro foreclosure rates
Two New Jersey metropolitan areas, Atlantic City and Trenton, had the highest U.S. metro foreclosure rates in November, RealtyTrac data showed on Thursday.
It was the fifth straight month for Atlantic City and the surrounding area as U.S. poster child for foreclosures. One in every 307 homes in or near Atlantic City had a foreclosure filing in November, compared to one in 1,268 nationally.
It held that position even as its rate dropped by 16 percent from the previous month and nearly 6 percent from November 2014.
In Trenton, the state capital, foreclosure activity in November rose 32 percent from a year ago and posted the second highest national rate at one in every 346 housing units.
New Jersey itself had the second highest foreclosure rate among all U.S. states in November, behind Maryland. Florida, Nevada and Illinois rounded out the top five states.
Overall national foreclosure activity was down 10 percent in November from the previous month and 7 percent lower than the same month last year.
The monthly drop was caused mostly by a 10-year low in foreclosure starts, with just 41,208 properties starting the process for the first time in November.
“Banks are continuing to work through the backlog of lingering foreclosures, pushing bank repossession numbers higher in the short term even as foreclosure starts drop to new lows,” RealtyTrac Vice President Daren Blomquist said in a statement.
From HuffPo – The courts don’t help:
Freddie Mac Says Judicial Foreclosure Not Helping
I’m not concerned with arguing the value of either over the other. However, a recent report from Freddie Mac is indicating that judicial foreclosure is causing more problems in many cases than the value it brings to the borrower or the process. After the housing and mortgage crash, a lot of new laws were put into place with the stated goal of improving the process and protecting homeowners in danger of losing their homes.
While these new laws may have helped overall, they seem to have clogged the process in some cases, mostly in judicial states. Recent studies show that the added delay involved in judicial review is on average 180 days. The average non-judicial process from default through disposition is 390 days. It’s 570 days on average in judicial states.
The delay can be either helpful or go the other way, usually dependent on what the homeowner decides to do. For those who want to keep their homes, this delay gives them more time to investigate programs or take actions to bring their mortgage current and avoid foreclosure. For those who decide it’s hopeless or they want to move, the tendency is to live there as long as possible while deferring maintenance. The homes end up in worse condition in this situation.
Costs of foreclosure are higher in judicial states. The delays increase time-related costs, such as care and security of the properties. They also result in lower sale costs due to the condition of the properties after sitting there without maintenance for longer.
Another negative impact is on neighborhoods. These homes sitting longer, often empty, are blights on the neighborhood and depress home values. It’s not likely that we’ll see states switching from one method to the other. Investors in judicial states are seeing more opportunities to buy foreclosure homes. They are mostly fix & flip or fix to hold, as their conditions are inferior. So, the savings in the purchase price are offset to some extent by rehab costs.
Freddie Mac states that these delays drag out the housing crisis healing process, and that more effort should be put into balancing protection for homeowners with repairing the damage from the housing crisis more quickly.
Fannie and Freddie to consider using new “innovative” credit scoring, this aught to get interesting.. From HousingWire:
New House bill would end ‘FICO monopoly’ at Fannie Mae, Freddie Mac
A bill introduced Thursday in the House of Representatives would allow Fannie Mae and Freddie Mac to consider alternative credit-scoring models beyond the FICO credit score the government-sponsored enterprises currently use when determining what loans to purchase.
The bill, which is entitled the “Credit Score Competition Act of 2015,” was introduced Thursday by Rep. Ed Royce, R-CA., and Rep. Terri Sewell, D-AL.
…
According to a joint release from Royce and Sewell, the bill would enable Fannie and Freddie to consider other credit-scoring models, which would level the playing field for borrowers whose credit doesn’t meet FICO’s standards and make it easier for them to buy a home.
“Fannie Mae and Freddie Mac are the largest mortgage purchasers in the nation, but they rely on credit score models that don’t necessarily take into account something as simple as whether borrowers have paid their rent on time,” Sewell said in a statement.
“Home ownership is an integral part of the American Dream that shouldn’t be out of the reach for low-income, rural, and minority borrowers who lack access to traditional forms of credit,” Sewell continued. “This legislation takes an important step towards addressing this issue and helps make homeownership a reality for more Americans across the country.”
According to Royce and Sewell, allowing Fannie and Freddie to make mortgage purchasing decisions with access to “multiple empirically derived, statistically sound credit scoring models” alleviates some of the risk in their portfolios and lowers the chance of systemic risk to the housing market.
…
“The GSEs’ use of a single credit score is an unfair practice that stifles competition and innovation in credit scoring,” Royce said. “Breaking up the credit score monopoly at Fannie and Freddie will also assist them in managing their credit risk and decreases the potential for another taxpayer bailout.”
third
@conradhackett
All tax revenue as % of 2014 GDP
Denmark 51%
France 45%
Sweden 43%
Germany 36%
OECD avg 34%
UK 33%
Turkey 29%
US 26%
it’s a clear projection of you inner demons. a boy you liked had a great car but he didn’t love you back. your dad made you change the oil and yelled at you for being so dumb,etc, etc…look into it and fix it
chicagofinance says:
December 10, 2015 at 7:33 pm
I remembered reading this one earlier today……to be clear and consistent with my above posts…..at my firm we take pains to be modest in our appearance and approach…..in my industry, if you make a show of your wealth, the conclusion drawn is that you are making it on the backs of your clients…….so in the same vein, why would a teacher advertise wealth in the midst of a compensation negotiation which the community must underwrite?
Essex says:
December 10, 2015 at 11:50 am
Ben,
Come on man. Interjecting reality into knee- jerk stupidity.
P.S. I may be shallow, but I don’t trust financial advisors who drive crappy cars any more than I would a salesman who tools around town in a rusty minivan.
[5] anon
That made even less sense than usual. Can you at least wait until your meds kick in before posting?
Or simply stick to retweeting. When it comes to being original with your thoughts, you suck at it.
Anyway, before I got sucked in by the latest inanity (I want those 8 seconds back), I found this gem while researching for a possible benefits article. It mimics what Harry Reid said just after Obamacare was implemented:
” . . . Despite this success, we must now plan to get rid of the ACA, and replace it with something much better. The ACA is inherently incapable of solving the larger long-term problems that our country faces in providing health care to all of our citizens. It was an important step forward, and we should be happy that it did not die a premature death, but we cannot now allow ourselves to believe that the current system is sustainable, or even acceptable.
That is why it is essential to say, clearly and unambiguously, that the United States needs to adopt a system of universal, single-payer national health insurance, as soon as possible. The ACA is as good as it gets, when it comes to basing a health care system on private insurance, and it is simply not good enough. Even as the ACA takes effect, therefore, we need to start planning to make it disappear.”
This was written in early 2014 by a liberal law professor/economist. More grist for the mill that Obamacare was always intended to be a way to grease the skids for single payer. This guy didn’t even wait for the intentional defects to work their magic.
Of course, the reality is that index funds beat the return of financial advisor’s “advice” and fees 99% of the time. Even wealthy business minded people who allegedly should know better allow themselves to be duped by these leeches because they like the status of having one on call.
“in my industry, if you make a show of your wealth, the conclusion drawn is that you are making it on the backs of your clients”
“Trenton and Camden lead national foreclosures”
Where is Camden mentioned in this article?
4- Exactly what I was talking about. People act like U.S. taxes are so high, they are one of the lowest rates out there for an industrialized nation. Stop acting like corporations are over taxed, they clearly are not. Pay the taxes and stop hiding money in tax shelters.
Interestingly, the attack on potential two-tiered healthcare systems occurred well before Obama was ever elected. Consider this from 2004:
http://www.wnj.com/Publications/Concierge-Medical-Practices-Expanding-Across-
And in comments on a healthcare policy blog, one commenter reported that UK’s NHS will cut you off if you go outside of their plan for private, cash-based care. I’ve not been able to confirm it and don’t have time today for a deep dive. Anyone with familiarity that can confirm that?
By intentional defects you’re obviously referring to the policies in ACA laid out and documented by the right wing Heritage Foundation and Romneycare in their versions of the exact same thing. But thanks, if it is true Obamacare was meant to slide us into single payer, of proving how smart Obama is.
“This was written in early 2014 by a liberal law professor/economist. More grist for the mill that Obamacare was always intended to be a way to grease the skids for single payer. This guy didn’t even wait for the intentional defects to work their magic.”
[10] pumps
If you are relying on an anon tweet for anything but misleading tax information, you are stupider than I thought.
See if you can analyze why your plaudit for anon was incredibly off base. You’re a senior financial analyst so it should be easy for you.
Nom, every country will be on a single payer system sooner or later. You can’t take advantage of people’s health to profit at extreme levels. Sorry, it’s morally and ethically wrong. Anything that is not a single payer system is doing exactly that, taking advantage of people’s health situation to profit. The current way of doing it is killing the country. You can’t even give raises because the health insurance sucks up all the capital that should have been directed to raises. There is no reason the U.S. should be paying extremely higher costs for the same drugs and care as compared to other countries. There is too much money being directed to the health care industry, throwing off the balance in the economy. There is no reason that much capital should be wasted on overpriced drugs and care. People are going bankrupt under these costs, and that’s just wrong and crazy. 30,000 dollars a day stay at the hospital. That’s batsh!t crazy…….5 days and you are down 150,000? That’s insane.
“This was written in early 2014 by a liberal law professor/economist. More grist for the mill that Obamacare was always intended to be a way to grease the skids for single payer. This guy didn’t even wait for the intentional defects to work their magic”
Cubans are dying to drive well-equipped Subarus, yet I should drive a very old car as if I was in Cuba?
[12] otto
If you think that Romneycare and Obamacare are the same thing, you are grossly oversimplifying it. Not much overlap in that Venn diagram.
[14] pumps,
Some light reading
http://healthblog.ncpa.org/of-consumer-directed-health/
The author would agree with you. I posit this article because it has a decent introduction of many of the issues, and gives insights into several facets. It is also essential you read the comments. It is not, however, a deep dive in any sense so do your own research.
And stop looking to otto and anon for affirmation or giving same; it just makes you look stupid.
[15] anon
I’m convinced now that anon isn’t real, he’s one of those random word generating bots that Grim has yet to exorcise.
No one can be that nonsensical. Otto may be bitterly envious and delusional, and Fabian is a raging narcissist, but they aren’t nonsensical.
Maybe I am stupid, how is it misleading?
https://en.wikipedia.org/wiki/List_of_countries_by_tax_revenue_as_percentage_of_GDP
Comrade Nom Deplume, screwing around at work says:
December 11, 2015 at 8:31 am
[10] pumps
If you are relying on an anon tweet for anything but misleading tax information, you are stupider than I thought.
See if you can analyze why your plaudit for anon was incredibly off base. You’re a senior financial analyst so it should be easy for you.
“The nine most terrifying words in the English language are: I’m from the government and I’m here to help.” – President Reagan Aug. 12, 1986
[19] pumps
First, tax revenue and tax rate or burden are two completely separate things. You rely on the revenue as a percentage of GDP and think it correlates to high tax rates. But if you go down that list, you will find that the correlation isn’t at all close. How do you explain outliers, of which there appear to be many? Further, revenue can derive from sources not related to GDP so you can have a low tax rate but high revenue as a percentage of GDP. I could go on but you aren’t paying me for that and the bell has rung on my day. Suffice it to say, if you are looking at anon’s tweet as a proxy for effective tax rates, especially effective corporate tax rates, you are way, way, way off base.
Second, you’re stupid. I would expect any senior financial analyst to understand that intuitively.
You don’t even know what I do…….keep your filthy mitts off Albania you scum……
Ottoman says:
December 11, 2015 at 8:22 am
Of course, the reality is that index funds beat the return of financial advisor’s “advice” and fees 99% of the time. Even wealthy business minded people who allegedly should know better allow themselves to be duped by these leeches because they like the status of having one on call.
“in my industry, if you make a show of your wealth, the conclusion drawn is that you are making it on the backs of your clients”
I think we can surmise that anon is projecting his own boy crushes on others.
http://southpark.cc.com/clips/1wmyam/affirmative-consent
Besides dealing with mortgage defaults incompetently, here’s another way that NJ wastes our money: roads.
I just spotted a report suggesting that NJ ranks 48th out of 50 states in terms of overall state-run highway performance and cost effectiveness, and worst in the country in the categories of Total Disbursements per Mile, Capital and Bridge Disbursements per Mile, and Maintenance Disbursements per Mile.
See more at: http://reason.org/news/show/21st-annual-highway-report-states#NJ
Foreclosure sales in NJ are done by the County Sheriff with a scheduled sale weekly. In NY foreclosure sales are individual with the time and date set by the referee for the specific property sale. Does anyone know how they do foreclosure sales in PA?
Interviewing someone next week with the idea of expanding operations into Bucks County.
9 – Corrected – Posted this at like 5am.
Single payer is the way we’re going to go, remember, standard of living in the US goes down now, not up. Lots of times in the history of the US, we’ve gone up. But we go down now.
Nom, you are reaching here. Come on, calling me stupid? I’m sorry, tax revenue as a percentage of gdp is a fine measure of how much capital is going to taxes as a percentage of total economic activity. How can you deny this?
Comrade Nom Deplume, screwing around at work says:
December 11, 2015 at 9:06 am
[19] pumps
First, tax revenue and tax rate or burden are two completely separate things. You rely on the revenue as a percentage of GDP and think it correlates to high tax rates. But if you go down that list, you will find that the correlation isn’t at all close. How do you explain outliers, of which there appear to be many? Further, revenue can derive from sources not related to GDP so you can have a low tax rate but high revenue as a percentage of GDP. I could go on but you aren’t paying me for that and the bell has rung on my day. Suffice it to say, if you are looking at anon’s tweet as a proxy for effective tax rates, especially effective corporate tax rates, you are way, way, way off base.
Second, you’re stupid. I would expect any senior financial analyst to understand that intuitively.
28- Again, how can you deny the data?
“The U.S. was the third least taxed country in the Organization for Economic Cooperation and Development (OECD) in 2010, the most recent year for which OECD has complete data.
Of all the OECD countries, which are essentially the countries the U.S. trades with and competes with, only Chile and Mexico collect less taxes as a percentage of their overall economy (as a percentage of gross domestic product, or GDP).
This sharply contradicts the widely held view among many members of Congress that taxes are already high enough in the U.S. and that any efforts to reduce the federal deficit should therefore take the form of cuts in government spending.
As the graph to the right illustrates, in 2010, the total (federal, state and local) tax revenue collected in the U.S. was equal to 24.8 percent of the U.S.’s GDP.
The total taxes collected by other OECD countries that year was equal to 33.4 percent of combined GDP of those countries.
As the table below illustrates, the U.S. has steadily moved closer and closer to becoming the least taxed OECD country over the past three decades.”
http://ctj.org/ctjreports/2013/04/the_us_continues_to_be_one_of_the_least_taxed_of_the_developed_countries.php#.VmrqKUorI2w
“A particular aspect of the corporate tax system that receives substantial attention is the 35% statutory corporate tax rate. Although the United States has the world’s highest statutory corporate tax rate, the U.S. effective corporate tax rate is similar to the Organization for Economic Cooperation and Development (OECD) average. Further, the United States collects less in corporate tax revenue relative to Gross Domestic Production (GDP) (2.3% in 2011) than the average of other OECD countries (3.0% in 2011). ”
https://www.fas.org/sgp/crs/misc/R42726.pdf
CMD is right. There was a very distinct difference. Romneycare favored senior citizens. Romneycare had a distinct cutoff age that left everyone under 55 with a voucher, and left all senior citizens with full benefits….
“If you think that Romneycare and Obamacare are the same thing, you are grossly oversimplifying it. Not much overlap in that Venn diagram.”
27. Grim
You are right. And as we communicate here there are little foreign cancer cells implanting themselves all over the United States……
11. Yes, UK had effectively banned contracting for care outside of the national system. Was over there at the time. Also, the early version of a universal plan under the Clintons had the same idea for the US. I recall thinking at the time how ironic it was that the methodology of what was generally perceived as one of the worst run public health care systems in the developed world (NHS) was being incorporated into the Clinton’s plans. The UK did go to a two tiered system, can’t recall if it was also under NHS or parallel, but as I was departing there was definitely a ‘private’ system embedded in the universal model that gave patient choice with premiums.
Stu……!!!!!!!
Chipotle Mexican Grill’s food-safety problems just got worse.
Health officials closed a Chipotle location in Seattle on Thursday, citing repeated food safety violations within the past year.
The closure is the latest blow to Chipotle’s food safety image. An outbreak of norovirus at a restaurant near Boston College sickened 141 people. In addition, a widespread E. coli outbreak linked to the chain has sickened 52 people across nine states, including 27 people in Washington state.
Chipotle stock was 1.2 percent lower on Friday morning. Since news of the E. coli link surfaced in October, Chipotle stock has dropped 11 percent.
Read MoreE. coli isn’t Chipotle’s only problem
Before suspending the Seattle restaurant’s permit, health inspectors found several ingredients, including chicken, brown rice, shredded beef, cooked beef and fajita vegetables, were not hot enough. It was its third critical violation in 12 months.
“An inspector found that some hot food on the fax line (which is a back of house make line that services online orders), was not being held to proper temperatures. We are investigating the cause of that and will address it,” Chipotle spokesman Chris Arnold said in an email.
Another milestone reached. Good job, USA!!!!
After more than four decades of economic realignment and creeping inequality, the U.S. middle class is no longer the nation’s majority.
https://www.washingtonpost.com/news/wonk/wp/2015/12/09/income-inequality-has-squeezed-the-middle-class-out-of-the-majority/?wpisrc=nl_rainbow
This is why I think a single payer is inevitable. Who can afford the cost of cancer or surgeries that cost big bucks. They won’t have a customer base that can afford those crazy costs. The cost must come down. If there was no private insurance industry in the health market artificially raising prices, they would never ever be able to charge what they do. How many people can afford a 100,000 or more out of pocket? You will have no customer base.
“I can see this happening in primary care. Subspecialty care, especially in the case of surgical treatment or more complex multispecialty treatments (e.g. cancer)will be more difficult to reorganize along these lines on a large scale. Yes, people can afford to pay several thousand dollars for LASIK or a facelift, but it would be difficult to manage tens of thousands for scoliosis surgery or resection of a benign brain tumor. Situations like the management of breast cancer are even more difficult, requiring many physicians and different facilities for optimum treatment.
In the UK the NHS has attempted to address this issue by refusing to provide “standard” care in the NHS if a patient goes outside the system for additional treatments. I suspect that will happen under O-care as well.” – See more at: http://healthblog.ncpa.org/of-consumer-directed-health/#sthash.fVUdna2H.dpuf
Comrade Nom Deplume, screwing around at work says:
December 11, 2015 at 8:48 am
[14] pumps,
Some light reading
http://healthblog.ncpa.org/of-consumer-directed-health/
The author would agree with you. I posit this article because it has a decent introduction of many of the issues, and gives insights into several facets. It is also essential you read the comments. It is not, however, a deep dive in any sense so do your own research.
And stop looking to otto and anon for affirmation or giving same; it just makes you look stupid.
34. Time to buy Chipotle stock…..
Gourd [36];
This is why I think a single payer is inevitable. Who can afford the cost of cancer or surgeries that cost big bucks.
See, junior, people not born yesterday remember health insurance as “major medical”. You paid for small stuff out of pocket, but insured against big stuff like six figure surgeries.
You are right about one thing, though… this is all about how to make sure doctors get paid big bucks — more than the average person would be able to afford. The pie is so big that insurance companies want a piece of it.
Overnight price hike of Daraprim from $18 to $750.
“No one wants to say it, no one’s proud of it, but this is a capitalist society, a capitalist system, and capitalist rules, and my investors expect me to maximize profits not to minimize them or go to half, but to 100 percent of the profit curve,” Shkreli said at the summit.
Asked if he could rewind back the past few months, before he became Wall Street’s most hated villain, Shkreli said he would have done one thing differently: “I probably would have raised the price higher.”
39 Redux
This is the reason that capitalism needs a throttle. Without one it’s like a runaway diesel….
https://en.wikipedia.org/wiki/Diesel_engine_runaway
Diesel engine runaway is a rare condition affecting diesel engines, in which the engine draws extra fuel from an unintended source and overspeeds at higher and higher RPM until destroyed by mechanical failure or bearing seizure through lack of lubrication.[1]
Getting closer Raymond. Getting close!
36-
Pumps, you think you’ll get quality treatment under government run health care?
Just look at the way our veterans are treated under the VA.
Imagine the entire population having to resort to such an ineffecient bureaucracy, one that is already in debt to the tune of 19 trillion dollars?
The inevitable result will be delayed treatment and denied treatment.
You are right, I was never around to witness that. How in the world did they go from that model to the current model–>driven by pure greed. You know how it goes, insurance pays, hence, we can charge whatever we want. This way of thinking has totally taken over the health industry to get to where we are today….paying for totally overpriced services and goods that are based on an artificial market that has been sucking the capital from other sectors of the economy for the past 20 years. What a joke.
Anon E. Møøse, Who never bit anyone’s sister says:
December 11, 2015 at 11:00 am
Gourd [36];
This is why I think a single payer is inevitable. Who can afford the cost of cancer or surgeries that cost big bucks.
See, junior, people not born yesterday remember health insurance as “major medical”. You paid for small stuff out of pocket, but insured against big stuff like six figure surgeries.
You are right about one thing, though… this is all about how to make sure doctors get paid big bucks — more than the average person would be able to afford. The pie is so big that insurance companies want a piece of it.
Any questions on the dangers of capitalism?
Raymond Reddington formerly Phoenix says: says:
December 11, 2015 at 11:01 am
Overnight price hike of Daraprim from $18 to $750.
“No one wants to say it, no one’s proud of it, but this is a capitalist society, a capitalist system, and capitalist rules, and my investors expect me to maximize profits not to minimize them or go to half, but to 100 percent of the profit curve,” Shkreli said at the summit.
Asked if he could rewind back the past few months, before he became Wall Street’s most hated villain, Shkreli said he would have done one thing differently: “I probably would have raised the price higher.”
44- There are a lot of these type of guys out there. It’s never enough, and society suffers for it. Many suffer, all because one individual wants it all. Rags, this is why individualism is bs when applied the human species. We never were a species that improved life through the individual, we have always improved the conditions of society by working together. Human progress has been achieved by group progress, not individual progress.
@berniesanders
I don’t think it’s a radical idea that in the richest country in the history of the world health care should be a right, not a privilege.
I know the quality of treatment will go down, but at the same time, should we continue to let the healthcare sector suck the rest of the economy dry in the name of quality healthcare? Listen, my dream would be to eliminate the health insurance industry and run this market like all the rest, but it will never happen. People like myself, can’t live with the idea of denying someone a lifeline because they can’t afford it. I will never be able to let someone die because they can not afford health care. Until I and others like me can live with that, the only option is a single payer system.
Alex says:
December 11, 2015 at 11:15 am
36-
Pumps, you think you’ll get quality treatment under government run health care?
Just look at the way our veterans are treated under the VA.
Imagine the entire population having to resort to such an ineffecient bureaucracy, one that is already in debt to the tune of 19 trillion dollars?
The inevitable result will be delayed treatment and denied treatment.
35. Phoenix
“Another milestone reached. Good job, USA!!!!”
Actually, it’s an outstanding job, Phoenix.
The share of households in the upper tier of US earnings went from 14% to 21%. That’s a 50% increase in households moving from middle class to upper class.
Meanwhile, the share of households in the lower tier of US earnings went from 25% to 29%. That’s a 16% increase in households moving from the middle class to the lower class.
Fantastic! Or would you prefer the numbers reversed?
Dolt.
Pumps [43];
How in the world did they go from that model to the current model–>driven by pure greed.
So you’ve got the cure for human greed that’s going to make everything better? Why didn’t you say so! Pumpkin for President!
Red [35];
The Obama legacy — destroying the middle class like a good Bolshevik.
Here is the problem, healthcare needs to be tiered. So that low cost healthcare can be provided and people with money can get the best care. The issue is one of cost effectiveness, instead of using technology and innovative methods to get the cheapest care with relatively good outcomes we continue down the path of very expensive care that is not always needed. In a recent case my 1 yr old daughter was having seizures, instead of using technology to quickly eliminate the possibility of seizure disorder, we went through a 24 hour video EEG in the pediatric epilepsy area of the hospital. The cost had to be astronomical, I don’t have a bill yet, but from my perspective a 500 in home eeg could have indicated the same thing at far lower cost with greater patient comfort. The EEG indicated it was non neurological probably environment or an allergy and we should just monitor her and it has stopped. My insurance will pay 5 or 10k when in pretty much any European country it would have been $500 because of our choice of care and fear of lawsuits. The problem isn’t the payer it is the system itself, Switzerland has no issues with healthcare despite it having a free market system with an individual mandate. The answer is efficient cost effective care in a base tier with high levels of coverage available. The base healthcare policy in Switzerland doesn’t cover everything and rations care, if you want better care you can pay more. Why we didn’t copy their system, one of the best in the world that is not single payer is beyond me but instead we got Obamacare which is worse than insurance and worse than single payer it is really an abomination, really a tax on heath insurance is going to make health insurance more affordable? So what we know is that Single payer works and works well as implemented in France, Italy and some other countries not as well in others….private insurance works well in Switzerland but as the healthcare system exists in the US it cannot work with anyone paying as it stands. Single payer in the US would bankrupt the government as we operate currently.
Comrade #17 –
Here you go, concierge healthcare: http://www.mdvip.com
Internests were making over $400k practicing medicine without all the hassles.
Another one – these guys amassed large amounts of data to find out how much procedures cost to establish baseline prices. You want more expensive doc, cost above the mean is on your dime. You find a less expensive doc, you get cut of savings.
http://www.castlighthealth.com
More and more of the economic burden and right to shop for provider that fits your needs will be put on patient.
Internists
51- Jcer, I think that’s exactly what needs to be done. Just like we force the public employees to adopt healthcare they really don’t want. We also force everyone to have top of the line care. Like wtf? Flat screen tv’s in a private room. If you are poor and are receiving free care, you don’t get a private room. You get a giant room with a bunch of other patients to lower costs.
As moose stated earlier, this entire system is messed up because it’s being used to funnel artificially high pay to the entire health care industry. Forcing everyone to pay for the “best” care. Making them stay in rooms in a hospital for a few days that end up costing as much as a new house in parts of the country. It’s literally insane.
54- You need to make it illegal to go to the emergency room for a cold or minor sickness. You don’t have a law where you allow anyone that comes to the emergency room to get access to care at such elevated costs. Why do they allow that? Oh yea, so health industry can rape the system and get money they should not be receiving. The system is beyond messed up.
“Why do they allow that?”
https://www.opensecrets.org/lobby/top.php?indexType=i
Chi Fi, looks like Chipolte did not give the inspector a brown bag lunch that month. Improper food temps in the serving line? cmon most of the time they give you a pass on that to have corrected next month. Do you think all these Chinese restaurants stay open by having their buffets at the right temps?
As for the comments on appearances/customers. Spot on. I threw out a plumber in my house once for several reasons, but one that irked me was when he showed up in a Land Rover after the leak reappeared a week latter.
I once had a plumber arrive in a yellow Lamborghini. Not lying. Owner of Alladin Plumbing.
I see Alladin everywhere is that a franchise?
I try not to use plumbers in this case it was a rush job on a new bathroom job I did that leaked from the floor drain. New baby+ sleep deprived wife + dad on trip= call a plumber to fix.
I think he franchises out. He’s not my regular plumber. He’s my emergency plumber. Our local guy who is great simply charges too much for emergency work. Only had one emergency call in 11 years of home ownership. Not bad for two 90+ year old homes.
The owner only inspects the work. Poor Albanians, like ChiFi, do the work.
Almost puked looking at how much money is spent buying our govt. There has to be a better way to govern. That’s why Bernie has to get in. He will put an end to lobbying. It’s amazing that nobody does a damn thing about legal bribery (that’s what lobbying is), but dumb issues like abortion or gun control take center stage. Better yet, let’s worry about Hillary’s stupid emails, but not worry about how many bribes she has taken in the form of lobbying. Come on people, wake the fu!k up and stop worrying about the bs…..the future of our country is depending on it!
Libturd supporting the Canklephate says:
December 11, 2015 at 1:05 pm
“Why do they allow that?”
https://www.opensecrets.org/lobby/top.php?indexType=i
Just got a solicitation for a financial advising practice for sale in Metropark……roughly same size firm as us, but three times the fee revenue on the same asset base…..I wonder what kind of cars they drive (kidding)?
walking bye says:
December 11, 2015 at 1:07 pm
As for the comments on appearances/customers. Spot on. I threw out a plumber in my house once for several reasons, but one that irked me was when he showed up in a Land Rover after the leak reappeared a week latter.
You would think so, but actually no…….they have no clue what is happening over there, but they are acting as if they are the kinder, gentler and progressive vendor out there (i.e. intellectually and morally superior)…so they are getting a pass….looks as if their massive line of bullsh!t is carrying the day………….my thought is that they are either #1 fuct or #2 need to spend so much money to research and fix the problem that their margins will collapse….that said, as you see from the last few days, you cannot short it because there are too many lemmings……
Raymond Reddington formerly Phoenix says: says:
December 11, 2015 at 10:45 am
34. Time to buy Chipotle stock…..
My fridge kept losing power, turns out it was wired to a GFI outlet improperly. Guess how much I had to pay the electrician for that?
Zero you should have figured that one out.
[28] pumpkin
” I’m sorry, tax revenue as a percentage of gdp is a fine measure of how much capital is going to taxes as a percentage of total economic activity. How can you deny this?”
Arrgh. Because that isn’t what you were talking about. Here is what you said:
“People act like U.S. taxes are so high, they are one of the lowest rates out there for an industrialized nation. Stop acting like corporations are over taxed, they clearly are not. Pay the taxes and stop hiding money in tax shelters.”
First, the GDP view isn’t the view from 10,000 feet, it’s the view from geosynchronous orbit.
Second, it tells you NOTHING about rates. NOTHING. You complained that it suggests US tax rates aren’t high. Categorically false, they are among the highest marginal rates in the world for corporations, which was the focus of your post. And as for personal rates, perhaps but even then, I don;t think you avoid the rampant outlier issue.
Third, you are comparing apples to oranges. Different countries tax differently and the total pot of money can come from different sources. That is probably the primary reason it is a lousy metric. Another reason is what comprises GDP and why that is so high. You are going to tell me every nation has a GDP based on roughly the same economic activity?
Man, I can’t keep doing your thinking for you. Get fabiass, he’s willing to do the thinking for everyone. Won’t be right but he will do it for you.
[51] jcer
” instead we got Obamacare which is worse than insurance and worse than single payer it is really an abomination, really a tax on heath insurance is going to make health insurance more affordable?”
When this was being proposed, I was telling people that this is going to make no one happy, that it was the worst possible outcome for both sides. Actually, there are winners but so many more losers as to make the winners an afterthought.
“looks as if their massive line of bullsh!t is carrying the day”
It’s the Starbucks of the fast food industry. Always has been. The lemmings will look past the fact that some Mexican pooped in the lettuce patch and some pizza-faced teenager forgot to wash that particular head as long as both the Mexican and the lettuce were organic and pesticide free. Really, what Chipotle is suffering from is most likely expansion quicker than management can properly manage. I don’t see how they couldn’t overcome this.
The winners are the insurers and those previously uninsured. Those uninsured are now insured for free. Those previously insured are now on the hook to pay for those previously uninsured. The insurers? They just got a huge boost in their number of total customers.
lol…dealing with a lawyer, I should know to watch my every word.
I should have said that the U.S. has the highest rates on paper, but once the corporate accountants, lawyers, and lobbyists go to work, that high rate is nothing more than an illusion.
“Second, it tells you NOTHING about rates. NOTHING. You complained that it suggests US tax rates aren’t high. Categorically false, they are among the highest marginal rates in the world for corporations, which was the focus of your post. And as for personal rates, perhaps but even then, I don;t think you avoid the rampant outlier issu”
Don’t forget Chipotlaway by Billy Mays.
http://southpark.cc.com/clips/251865/billy-mays-here
“If you’re like other Americans, you love to eat Chipotle but you hate all those terrible bloodstains in your underwear … Now you can eat all the Chipotle you want and still have underwear that sparkles and shines”
Eateries and restaurants are the absolute worst businesses to open. You want to lose capital real fast? Open a restaurant. As if Hoboken doesn’t have enough overpriced, sh1tty joints, I continue to see eateries open up. It boggles my mind that someone thinks their piece of sh1t, chicken caesar wrap is somehow better than the five other joints on the same block.
Try Red Bank and the clothing/personal items stores…….there was a perfume store called “What’s That Smell?”…..it practically closed the day it opened…..
That sounds as bad as the Jamaican Restaurant in Bloomfield. Tasteit Again. Yes…Tasteit is one word. Somehow, this remains open.
I remember doing RFP’s from vendors for the company cafeteria and the big question is always what can I get for the $5 lunch meal? (ok this is not NYC, bear with me) In the corp café service industry the $5 unsubsidized lunch is the ultimate goal, whether its -soup/sandwich soda, or the hotdog/fries tap water. Whatever that’s golden rule of what people will hand over willingly. Unless your google they kick in another $30 and you get surf and turf for $5. So one vendors power point shows a $3.50 unsubsidized lunch in Cleveland. Impossible, what do you get for $3.50 I ask? umm pretty much sh!t, but we hit their target.
And I literally laugh when I see a Subway franchise. How the f.uck did this business even expand? You go to a mom and pop place that makes a real sub and then you go to this disaster and get a lettuce sandwich on a rubber roll What’s the draw here? It’s a far, far cry from the subs we used to get at Blimpie on Central Avenue in Jersey City growing up.
Market down 300+
Yeah. Look at oil. Both will bounce back.
Subway surprises me too. Then again, there are lines out the door at Taco Bell in Tijuana.
Complaint I saw on NHTSA website, for your amusement:
IN ADDITION TO TWO COMPLAINTS FILED ABOUT THIS VEHICLE ALREADY. THE U.S HAS NO CONCERN FOR HUMAN LIFE IN THE U.S AND IS ALLOWING WHITE SUPREMACY TO ENDANGER MINORITY DRIVERS AND OTHER DRIVERS. THE TESTING OF SATELLITE RADIOLOGICAL DISPERSAL WEAPONS AND REMOTE CONTROL SYSTEMS INVOLVING, HACKING, BACKDOOR ACCESS, REMOTE CONTROL, SURVEILLANCE AND VEHICLE COMPROMISE PERSISTS. ON 12/10/15 AND 12/09/15 THE VEHICLE WAS HALTED BY FORCE FROM A SATELLITE TRACKING THE VEHICLE. AMPLE EVIDENCE OF ELECTRICAL PROBLEMS IN THE CAR, CELLPHONE TRACKING AND HOME TRACKING IS AVAILABLE. A FEDERAL LAWSUIT WAS FILED AND DISMISSED WITHOUT REASON OF CAUSE TO FURTHER THE HATE CRIME. ON THESE TWO DAYS I WAS DRIVING THE VEHICLE ONE AGAIN, AND LOST CONTROL OVER THE VEHICLE STEERING AND THROTTLE. THE ISSUE OCCURS AT STOP SIGNS TO CAUSE AN ACCIDENT THERE OR AT A INTERSECTION. THE VEHICLE IS PURPOSELY TAMPERED WITH DURING TRANSIT TO CAUSE LOSS OF CONTROL AND THROTTLE. THE VEHICLE THROTTLE IS GONE, THE GAS PEDDLE GOES LIMP AND THE ENGINE STOPS THROTTLE FOR A DURATION. THE ENGINE THEN KICKS IN FULL FORCE AFTER A SERIES OF HARD SPUTTERS ON THROTTLE JERKING THE CAR FORWARD UP A HILL OR INTO TO A STOP. I WAS IN HIGHLAND NY LEAVING A PLAZA, WHERE THIS OCCURS, AND OTHER INTERSECTIONS WITH LIGHTS
Eddie its the $5 sandwich gets them every time
Subway sucks, I can get a better sandwich at a bodega it also costs more which I guess sums up subway. Now as for taco bell it makes sense totally gross food but like everything else Frito Lay, magically addictive. It is like a meal consisting of food that is entirely like Dorritos, every once and a while I’ll have it, I can’t imagine eating it often I usually feel horrible after.
Eddie its the $5 sandwich gets them every time
But it’s not a sandwich, it’s a $5 lettuce mess on a roll made by DuPont.
The End Is Nigh (clot Haute Cuisine Edition):
http://nypost.com/2015/12/11/fast-food-chain-to-serve-mountain-dew-flavored-chicken-wings/
An almost all of the meat at Subway is actually turkey. Turkey’s cheap!
I’ve eaten subway, but I am Currently eating Jersey Mikes
leftwing
Good job USA means good job. Not sure what you read.
Dolt.
Ben, I didn’t write this. It was from a support group for full day kindergarten (fdk) in my town. Education gets crapped on, but police do whatever they want. This is why I feel bad for teachers. Since the majority of teachers are women, they take everything out on teachers, instead of cops and firemen. It also helps that police are able to intimidate anyone that gets in their way. Why would you not vote in favor of fdk? 49 dollars is too much? That’s nothing in 2016 monetary value. A bottle of grey goose or belvidere costs that much. What idiots.
“Somehow the PD received $9 million quickly & quietly. While I support (or would have supported, if residents were asked) improvements to the Wayne PD building, I’m wondering why this did not receive the same amount of intense investigation (and forethought) that FDK has. Also, I’m glad FDK was voted down to save that $49 in taxes…”
“A 4 million dollar school security initiative was voted down along with a 2 million dollar FDK initiative. What would make the Town council think that the people would support a 9 million dollars police dept improvement. Why would they not entertain putting this up to a referendum? Would have been nice to give the taxpayers a voice in this matter.”
Hell yea, love that place!
Essex says:
December 11, 2015 at 10:15 pm
I’ve eaten subway, but I am Currently eating Jersey Mikes
87, apologies.
The title of the article and much of the content were critical of the move by many of the middle class into better ranks.
Thought you were supporting that view, and the ‘good job’ was sarcastic.
Again, sorry. Guess I am the dolt, LOL.
I guess it’s beyond the Washington Post to title a piece “Americans More Prosperous: Real Incomes Up Strongly in All Groups” which is what the data in the article actually shows……
Cranky, joy-killing leftists……
Totally disgusting when even the castrated/ineffectual bill doesn’t pass…
http://www.northjersey.com/news/bill-to-rein-in-surprise-out-of-network-medical-costs-stalls-in-n-j-senate-1.1472575
Lw no harm no foul. I am fighting to keep in the upper tier. Good so far but like most others only as good as your last game.
Gotta keep my battling average up. No union to insulate me from extinction….
re #93 – Here is a breakdown by State. Only 13 states fully outlaw out of network balance billing. NJ apparently outlaws it for only emergency room care.
Data is about 2 years old.
http://kff.org/private-insurance/state-indicator/state-restriction-against-providers-balance-billing-managed-care-enrollees/
Happy El NinO……folks! Love this time of year with 60’s.
I really appreciate this post. I’ve been looking all over for this! Thank goodness I found it on Bing. You have made my day! Thanks again
This is how the law should have been presented to the public. That’s how every law should be presented….who are the winners and losers, nothing else matters.
Libturd supporting the Canklephate says:
December 11, 2015 at 2:26 pm
The winners are the insurers and those previously uninsured. Those uninsured are now insured for free. Those previously insured are now on the hook to pay for those previously uninsured. The insurers? They just got a huge boost in their number of total customers.
Ben, I didn’t write this. It was from a support group for full day kindergarten (fdk) in my town. Education gets crapped on, but police do whatever they want. This is why I feel bad for teachers. Since the majority of teachers are women, they take everything out on teachers, instead of cops and firemen. It also helps that police are able to intimidate anyone that gets in their way. Why would you not vote in favor of fdk? 49 dollars is too much? That’s nothing in 2016 monetary value. A bottle of grey goose or belvidere costs that much. What idiots.
“Somehow the PD received $9 million quickly & quietly. While I support (or would have supported, if residents were asked) improvements to the Wayne PD building, I’m wondering why this did not receive the same amount of intense investigation (and forethought) that FDK has. Also, I’m glad FDK was voted down to save that $49 in taxes…”
“A 4 million dollar school security initiative was voted down along with a 2 million dollar FDK initiative. What would make the Town council think that the people would support a 9 million dollars police dept improvement. Why would they not entertain putting this up to a referendum? Would have been nice to give the taxpayers a voice in this matter.”
In the last town I taught at, the parents had to go out and raise the money in town privately for full day kindergarten. Took them about a month. People are short sighted.
This is pumpkin’s holiday gamble. Nhmd. I’m not recommending anyone buy it, it’s a penny play and you could lose all your money. I’m just putting it up so you can follow it and see if pumpkin cashes or crashes. lol I’m hopefully in before the party starts. I just hope there is a party..lol Love a gamble here and there.
Short sighted to say the least.
“In the last town I taught at, the parents had to go out and raise the money in town privately for full day kindergarten. Took them about a month. People are short sighted.”
Meanwhile in the non-state run world, private companies continue to identify and anticipate consumer demand and provide services without requiring anyone to form committees and lobby politicians.
102. Public services are hamstrung by …. Rules, Legislation, Cronism, Red Tape…
For Joyce:
http://www.theguardian.com/us-news/2015/dec/08/the-county-kern-county-california-sexual-assault-secret-payoffs
Man, the way to score is to open v@pe stores.
Short the shit out of this, folks.
“This is pumpkin’s holiday gamble. Nhmd.”