The Curious Case Of The 550 Million Missing Barrels Of Crude Oil [1]
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Items from Professor Preponomics:
US News
Demand Agencies Go to the Chopping Block [3] (Government Waste Fraud and Abuse) This is an excellent opinion piece written by columnist Cal Thomas. Excerpt: “We live in troubled times. The institutions we once trusted no longer seem reliable.”
Feds Paid $709,000 to Academic Who Studies How Glaciers are Sexist [4] (Daily Caller) “Merging feminist postcolonial science studies and feminist political ecology, the feminist glaciology framework generates robust analysis of gender, power, and epistemologies in dynamic social-ecological systems…” Meanwhile, the U.S. Debt Clock/a> keeps on ticking!
International News
It’s Time to Dump Non-Market Economy Treatment [5] (Cato)
Exclusive: China to Ease Commercial Banks’ Bad Debt Burden via Equity Swaps – Sources [6] (Reuters) Excerpt: “The quality of assets held by banks is worse than it looks, analysts have said. To avoid stumping up capital and to protect their balance sheets, some banks have under-reported bad loans and under-recognized overdue debt.”
The Collapse of Italy’s Banks Threatens to Plunge the European Financial System into Chaos [7] (The Economic Collapse Blog)
ECB Pulls Out All Stops with Rate Cuts, Stimulus Boost [8] (Reuters)
Personal Economics and Household Finance
Failed Obamacare Co-ops Have Not Repaid $1.2B in Federal Loans, Docs Say [9] (Fox News) Prepare yourselves and your budgets. More health insurance premium hikes are coming. Excerpt: “In some states, these losses will be absorbed by other insurance companies—which means, by the policyholders of other insurance companies who have to pay increased … premiums…. “In other states, doctors, hospitals and individual patients stand to suffer large out-of-pocket losses due to the co-op failures….”
Alabamians’ ObamaCare Deductible are Rising Again in 2016; Here’s How Much [10] (Yellow Hammer News) Alabama is not alone.
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