With the world distracted by Putin and ICBM launches, The White House, according to the WSJ, is about to extend Obamacare deadlines by another year:
*U.S. MAY GRANT 1-YR EXTENSION ON HEALTH LAW REQUIREMENTS: WSJ
*WSJ CITES INDUSTRY OFFICIAL ON INSURANCE COS., HEALTH CARE LAW
Allowing insurers to keep selling policies that do not meet standards for another year. It seems, if you like your healthcare policy, you can keep it for one more year... (most importantly past the Midterms)
Because BTFWWIII is so yesterday, we present BTFICBMD:
RUSSIA TEST FIRES INTERCONTINENTAL BALLISTIC MISSILE: INTERFAX
RUSSIA TEST FIRED MISSILE FROM RANGE IN ASTRAKHAN REGION: IFX
RUSSIA MISSILE LAUNCHED AT 10:10PM IN SOUTHERN RUSSIA: INTERFAX
INTERFAX CITES RUSSIAN DEFENSE MINISTRY ON MISSILE TEST
But, the talking heads said Ukraine was fixed and Putin had folded?
Truth, propaganda, or outright lies? Nobody knows anymore, but if an ICBM launch, which apparently the US had been aware of yet which came at the worst possible time even though Putin could have easily delayed, can barely dent the stock surge, who cares anymore.
This one should be intuitive: with Ukraine scrambling to load up on natgas ahead of the price surge once Gazprom ends its discount pricing, and unclear what if any access it will have to Russian gas in the future and at what cost, it was only a matter of time before the Ukraine stepped up the protection of its only true energy asset: its 15 nuclear power plant, which supply nearly half of the country's energy needs. Ukraine told as much to the U.N. atomic watchdog on Tuesday, although it framed it as a result of the "grave threat to the security" of the country posed by the Russian military. "Illegal actions of the Russian armed forces on Ukrainian territory and the threat of use of force amount to a grave threat to security of Ukraine with its potential consequences for its nuclear power infrastructure."
What Hagel proposes is not cuts, but instead a shift in spending away from personnel and toward new high-tech weapons which are favored by and profitable to the military-industrial complex. Welfare spending is bankrupting the country. But military spending is also welfare: it is welfare for the well-connected military-industrial complex, which enriches itself manufacturing useless boondoggles like the F-35 fighter. A proper foreign policy would mean a strong national defense, but a huge reduction in interventions and commitments overseas. Why are we stirring up trouble in Ukraine? In Syria? In Africa? Why are we defending South Korea and Japan when they are wealthy enough to defend themselves? A proper sized foreign policy would defend the United States instead of provoking the rest of the world.
Take Ray Selent, a 30-year-old former retail clerk in Fort Lauderdale, Fla. He was unemployed in 2012 when he enrolled as a part-time student at Broward County's community college. That allowed him to borrow thousands of dollars to pay rent to his mother, cover his cellphone bill and catch the occasional movie... Tommie Matherne, a 32-year-old married father of five in Billings, Mont., has been going to school since 2010, when he realized the $10 an hour he was making as a mall security guard wasn't covering his family's expenses. He uses roughly $2,000 in student loans each year to stock his fridge and catch up on bills. "We've been taking whatever we can for student loans every year, taking whatever we have left over and using it to stock up the freezer just so we have a couple extra months where we don't have to worry about food,"... Mr. Selent, of Fort Lauderdale, knows he is getting himself deeper in a hole but prefers that to the alternative of making minimum wage. In his 20s, he earned a bachelor's degree in communications from a local for-profit school but couldn't find a job.... He is now taking courses for a degree in theater so he can become an actor.
First it was Amazon, now it's Facebook's turn. As was reported previously, hot on the heels of its $19 billion purchase of Whatsapp, Facebook announced the purchase of New Mexico-based Titan Aerospace for $60 million. Who is Titan? It is a maker of solar-powered drones which can reportedly stay airborne for five years and which many have suggested can help Facebook achieve its goal of providing global Internet access, especially in places where the "organic" growth of its audience may be otherwise limited by the lack of infrastructure.