Obamacare greatly expanded Medicaid coverage, but there is a hidden gotcha that may come back and haunt your heirs for benefits you receive from age 55-64.This is not new news, but few read and understand the "fine print".In a warning about the "fine print" and in response to Moral Dilemma: Should a Libertarian Who Does Not Need Food Stamps, but Qualifies for Them, Take Them? reader "TL" writes ... Hello Mish,
As reproted previously, the biggest event of the day will be the meeting between Greek PM Tsipras and Germany's Merkel, which - with Greece having only days of access to liquidity left (and a negative solvency position already as confirmed by Tsipras' letter to Merkel saying it will be unable to repay its near-term debts) - means the fate of Greece will be d
The eye of the hurricane over Southeast Europe may soon be shifting, exposing Greece to the same 150 mph gale turmoil everyone has grown to love and expect over the past three years as soon as this month, when a new proposal by Greece is due on how to cut a massive 150,000 public sector jobs: a move which will result in an immediate surge in public unrest, and an exponential jump in strike activity. As Bloomberg reports, "Greece is locked in talks with international creditors in Athens about shrinking the government workforce by enough to keep bailout payments flowing.
Families in Britain are under a lot of stress caused by the hidden costs of schooling such as school uniforms, meals, school trips and supplies that push the bill up making it more difficult for financially-burdened families to continue their children's education.
It will be politics rather than economics (or Q€) that drives the shorter-term outlook in Greece. Goldman Sachs warns that the new Greek government’s position is turning more Eurosceptic and confrontational than most (and the market) had anticipated ahead of last weekend’s election.
The cost of running the Canada Pension Plan is three times higher than figures released by its investment board suggest, according to a report by the Fraser Institute.
Released Tuesday, the report comes at a time of speculation on the adequacy of mandatory-contribution pension plans, as the Ontario government recently announced plans to roll out its own province-wide plan.
But as the Fraser Institute’s report reveals, the costs associated with such plans can prove difficult to pinpoint.
While the second-derivative hopers and primary budget surplus believers cling to the faith that Stournaras talking about recovery is enough to bring the depressing Greek nation out of its slumber, the fact is that Greek deflation has never been worse. However, it gets worse... as a recent study by CFR finds that countries are most at risk of defaulting the year they turn a positive primary budget - meaning they are no longer reliant on their creditors.
As the Fed gets ready to taper ‘QE’, UBS' Larry Hatheway warns investors to brace for a period of increased international policy tension. Previously harmonized - but not coordinated - monetary policy stances will give way to conflicting objectives and new strains as adverse ‘spillovers’ occur. As Hatheway notes, we are about to rediscover several inconvenient truths. First, the Fed is the US, not the world’s, central bank.
by Erin Davis
With many European banks trading at tiny multiples of book value and the word "Grexit" (short for Greek exit) now appearing in mainstream publications, investors may be asking themselves whether all of the bad news (and then some) has finally been priced into these banks' share prices and whether now is the time to buy. While we subscribe to Warren Buffett's credo, "Be greedy when others are fearful," we would exercise caution here.