Friday, July 17, 2015

Today's Links

1--Paul Krugman’s apologia for Obamacare

The US Supreme Court voted Thursday to uphold a key provision of the Affordable Care Act, the Obama administration’s pro-business health care overhaul that cuts Medicare and fines households for being too poor to afford health insurance.

New York Times commentator Paul Krugman, a liberal apologist for the White House’s uniformly right-wing policies, responded to the Supreme Court’s decision by penning an op-ed column praising the legislation commonly known as Obamacare.

Krugman’s column, headlined “Hooray for Obamacare,” consists of one cynical lie after another aimed at convincing the public that Obama’s right-wing health care overhaul is an historic achievement for low-income Americans.....

in practice, the program has left 35 million people uninsured (and subject to fines), down from the 52 million who were uninsured before its passage.
But Krugman assures his readers, “you need to realize that the law was never intended or expected to cover everyone.” In a sense, Krugman is right. Obamacare was only deceptively promoted that way by the White House, which sought to market this pro-corporate boondoggle as a progressive “reform.”...

“During the past few years, the growth in health care costs has actually slowed, thanks in part to a $716 billion cut in Medicare payments that was used to fund ACA subsidies. The cut is permanent and, as a result, Medicare payments to doctors and hospitals will be about 11 percent lower in 2021 than they would have been otherwise.” In other words, the slashing of Medicare reimbursements for care providers has led them to ration care, leading untold numbers of elderly people to an early grave. This, Krugman insists, is “an important part of health reform.

2---This Is Why Oil Markets Shouldn’t Worry About Iran’s Comeback

Either way, that adds up to 1 million extra barrels a day to the oil market. But the process can’t begin until the agreement is signed. That won’t come until early 2016 at the earliest because the U.S. Congress has two months to study the arrangement, then vote on whether to reject the deal championed by the Obama administration. Sanctions probably won’t be lifted until the end of the year if all goes according to plan

3---ESM the video

4--Was there a 2nd plane?' New footage shows MH17 crash site minutes after Boeing downing 

Later on, the man is quoted as saying that "there’s two planes taken down,” while a voice in the background says, "the fighter jet brought down this one [MH17 Boeing], and our people brought down the fighter. They [the Ukrainians] decided to do it this way, to make it look like we have brought down the plane."

5---How stock buybacks have become Wall Street’s new drug 

6--The FDA's Dilemma About Ibuprofen And Cardiovascular Risk
7--Russia, China Counterbalance US Hegemony Through SCO, BRIC

"The BRICS will now be bolstered by their own institutions that are intended to operate parallel to the US-led order created at Bretton Woods in 1944," Cynthia Roberts, an Associate Professor of Political Science at Hunter College, CUNY (City University of New York) pointed out.


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