ObamaCare Is Killing the Full-Time Jobs Market.

Written by Gary North on July 8, 2013

Jobs-PartTime

The news on the jobs front was good, the headlines said on July 5. The headlines lied. The gains were mostly part-time jobs. Full-time jobs are in free-fall. Why? ObamaCare. Why hire a full-time worker when you can hire a part-time worker who will not qualify for ObamaCare? An article on the Zero Hedge site […]

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58,000 Californians Will Lose Health Care Insurance in 2014.

Written by Gary North on July 5, 2013

Two insurance companies have announced that they will no longer offer health care insurance to individuals in California next year. They will sell policies only to group insurance policies. Obamacare says that individuals will be able to buy health insurance that covers existing sicknesses. This of course destroys the economics of health insurance.So, there is […]

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French and British Spying Rivals NSA’s

Written by Gary North on July 5, 2013

Reports are now getting out that the French government and the British government both run data-monitoring programs that involve spying as comprehensive as NSA’s. But this is not getting as much attention, because they have not had leakers with stolen documents that prove this. The protests of European governments against NSA spying on their people […]

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European Central Bankers Promise Monetary Inflation for Years

Written by Gary North on July 5, 2013

It’s official: the Bank of England and the European Central Bank announced a policy of guaranteed counterfeiting on a permanent basis. They will keep short-term interest rates low for years. They did not say for how many years. Commentators guessed into 2015. The promise of unlimited counterfeiting pushed up European stock markets. Investors love counterfeiting. […]

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Crash Landings: ObamaAir and ObamaCare

Written by Gary North on July 4, 2013

Someone very high in Obama’s administration persuaded four European governments to deny air space to the President of Bolivia. This forced the pilot to land in Vienna. Then the Austrian government sent inspectors to search the plane. The Deputy Chancellor announced to reporters that no one who was not a Bolivian citizen was on board. […]

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Rising Long-Term Interest Rates Will Pop the Bond Bubble.

Written by Gary North on July 4, 2013

The Federal Reserve adopted QE3 on December 12, 2012, in order to hold down long-term rates, especially mortgage rates. In a press release, it announced: The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and, in January, will resume […]

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