Insurers will seek significant premium hikes under President Barack Obama’s health care law this summer….
For example, in Virginia, a state that reports early, nine insurers returning to the HealthCare.gov marketplace are seeking average premium increases that range from 9.4% to 37.1%.
The health law’s nagging problems center on lower-than-hoped-for enrollment, sicker-than-expected customers, and a balky internal stabilization system that didn’t deliver as advertised and was already scheduled to be pared back next year.
The Obama administration is locked and loaded for a fresh push on gun control initiatives—reportedly moving to advocate for so-called “smart gun” technology….
Smart gun technology research may well be a good idea, and having smart guns—weapons that can be fired only by their legitimate owners—certainly seems like a good idea.
Even Government involvement in funding basic research—the secrets of the universe kind of thing—or doing its own basic research might be a good idea.
However, Government involvement in engineering research, which smart gun tech development surely is, and Government involvement in determining, or even merely jawboning, what products it wants in a free market most assuredly are not legitimate.
Fast-food workers and civil rights groups in Birmingham, AL, are mounting a constitutional challenge to a recent state law that bars cities from setting their own higher minimum wages, alleging the law violates the workers civil rights.
The plaintiffs filed a federal lawsuit Thursday against the state’s Republican Gov Robert Bentley, claiming the bill he signed into law in February was tainted with “racial animus” toward the predominantly African-American city.
One of the lawsuit’s main claims is that the state law disproportionately impacts minority residents who live and work in Birmingham, many in low-wage, fast-food industry jobs that leave them impoverished and on public assistance.
Prime Minister Malcolm Turnbull announced Tuesday that the biggest military contract in Australia’s history, a $40 billion tender to build 12 submarines, will go to a French naval contractor. That’s a defeat for Japan’s bid, and with it a lost opportunity to deepen cooperation among the leading Pacific democracies facing China’s rising military.
For all of Turnbull’s rationalizations, this was a major factor in rejecting the Japanese offer:
The most significant influence may have been China, Australia’s largest trading partner, which openly campaigned against Japan’s bid. Chinese Foreign Minister Wang Yi warned his Australian counterpart in February to remember World War II….
Consumer-goods giant Unilever NV was set to raise money in bond markets Monday that will cost them almost nothing, in the latest sign of how the European Central Bank’s stimulus measures are slashing funding costs across the continent.
On the other hand, there’s this example of an impediment to private enterprise borrowing:
In one tranche of a €1.5 billion ($1.68 billion) deal, the Anglo-Dutch company was set to sell €300 million of debt maturing in 2020 with a coupon of 0%, potentially offering investors a yield of just 0.06%, according to deal guidance released Monday by underwriting banks.
Kevin Williamson, at National Review, had a thought that’s only now percolating to the surface of thinking Americans and that still is avoided by the American Left.
Properly understood, raising the minimum wage—and having a minimum wage at all—is camouflage, something to talk about and fight about while we’re not talking about and fighting about the more important underlying issue. Declaring that all American workers shall be paid at least $15 an hour is not the same as ensuring that all American workers produce $15 an hour worth of value, and, eventually, the disconnect between those two considerations must make itself felt.
Saviors need victims who need saving. And if such victims are not real and readily available, the saviors conjure them up by convincing themselves that this or that group of people are helpless victims eager to be raised from the muck of their misfortunes by the saviors. Sometimes the saviors convince even the groups they seek to save that they—the members of these groups—are indeed mired in a muck from which they can be extracted only by the saviors.
US regulators proposed requiring the nation’s largest banks and financial firms to hold back executives’ bonus pay for four years, extending by a year the common industry practice on Wall Street incentive payouts.
The plan would also require a minimum period of seven years for the biggest firms to “claw back” bonuses if it turns out an executive’s actions hurt the institution.
In a free market economy—that is to say, a healthy economy—this would be a business decision, validated or rejected by that business’ owners and its marketplace customers. However, in this Progressive-Democrat Party administration, this is a Government Decision, made by Government Know Betters, because those actually participating in an economy, with their own money on the line, can’t possibly understand the situation.
Recall the California case, Vergara v California, in which nine students and the nonprofit advocacy group Students Matter, sued the State of California, arguing that the State’s tenure laws and its firing and layoff policies made it too hard to fire bad teachers, thereby denying students a decent education. At trial, the students won, and the laws were struck as unconstitutional. Naturally, teachers unions—California Teachers Association and California Federation of Teachers—anxious to protect its tenure perks, appealed.