Economics and Investing:

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Items from Mr. Econocobas:

House Passes $1.15 Trillion Spending Bill: Here Is What’s In It

Peter Schiff- Mission Accomplished – A good article from Peter Schiff in regards to the Fed Rate hike this past week.

Items from Professor Preponomics:

U.S. News

The Other Three Rs: Risk Adjustment, Reinsurance and RISK CORRIDORS (Citizens Against Government Waste) Article Excerpt: “…ObamaCare’s risk corridors are designed in such an open-ended manner that the president’s action now exposes taxpayers to a bailout of the health-insurance industry if and when the law fails.”

How the Spending Deal’s Risk Corridor Provision Would Affect Obamacare Co-ops (The Daily Signal) Here it comes… “consumers are likely to see increased premiums in 2017 as insurers decide how to address losses and the potential for lower risk corridor payments.”

Nearly Half of Uninsured Went Without Coverage Because It Was Too Expensive (Washington Free Beacon) No surprise… “The failures of Obamacare continue to pile up: co-ops have failed across the country, tax penalties have increased, and last year’s extended open enrollment period was not renewed.”

International News

Greek Lessons for Puerto Rico (US News and World Report) Article Excerpt: “It is said that those who do not learn from history are doomed to repeat it. Sadly, this adage appears again about to be proved true by the way in which the United States Congress is dealing, or more correctly not dealing, with Puerto Rico’s financial and economic crisis.”

Congress’ Funding Package Offers No Debt Assistance to Puerto Rico (NPR) Spoiler Alert: “Puerto Rico’s economic woes run deep and have been building for a while…”

Personal Economics and Household Finance

Running Out of Other People’s Money (Cato Institute) When many American families cannot manage their individual household budgets, how in the world are they supposed to tackle this? ” Each American’s share of that debt is more than $56,750. And that’s the good news. America’s real debt is far, far worse.”

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