GOP-controlled states will not implement ObamaCare despite
decision—Seniors at risk
At least 20 states have passed binding legislation opposing
broad elements of health care reform --states including Pennsylvania
That decision would be critical because of Pennsylvania
"Medicaid has become a safety net for the middle
class," Rhodes said.
ObamaCare is the law but states ignore Supreme’s law of the
land.
Romney says Supremes motivated by politics—OH REALLY!
Mitt Romney suggested "political consideration"
rather than legal judgment may have played a major role in why Supreme Court
Chief Justice John Roberts voted to uphold President Barack Obama's health care
law last week. "It gives the impression that the decision was made not
based upon constitutional foundation but instead political consideration about
the relationship between branches of government," Romney told CBS News.
"But we won't really know the answers to those things until the justice
himself speaks out—maybe sometime in history."
What about the Bush II “election” overturning FL voter count?
And voting to allow corporations to influence elections?
Mitt is right and we all agree the Supremes are political
decision-makers like Congress.
House GOP to cut food stamps for 46 million Americans—sugar
and cotton subsidies up
Conservatives in the Republican-led House are certain to
demand greater cuts in the food stamps program, which makes up about 80 percent
of the nearly $100 billion a year in spending under the farm bill. Senate
Democrats are equally certain to resist more cuts in a program that now helps
feed 46 million people, 1 out of every 7 Americans.
Older clients get taken by advisors—Again
New
study shows younger clients get better discounts even though they are more
likely to cancel their accounts. Even though older clients have larger
transactions, advisors are assuming that the old brokerage model will lead to
greater business in the future. However, younger clients know they can do all
their investing online by themselves now. Eventually they will figure out that
they don’t need the advisor. They can invest for FREE. Wealth Without Wall Street
explains the new model: http://www.amazon.com/Wealth-Without-Wall-Street-Commissions/dp/1442168137
States’ pensions not disclosing fees and special deals
The Governmental Accounting Standards Board has developed
revised standards in accounting rules that will soon force cities, states and
other local-government entities to disclose pension obligations that previously
were hidden. Existing rules have been criticized for hiding the real cost of public pensions.
One member asked the State of NJ
What
a special deal for Wall Street!
IRS goes after savers after losing $ millions to Swiss court
IRS is coming after you for IRA infractions that are
technical but not very lucrative. The agency lost its bid to bring home revenue
from American tax-dodgers hidden in tax haven Switzerland
Check your IRA documents. IRS makes mistakes too, so check
your backup: http://online.wsj.com/article/SB10001424052702304441404577480690440266320.html
Why your banker/broker/advisor/agent CAN’T give you the
right products
It is impossible for your seller to give you the right
products. They can’t sell them. The employer picks the products based upon
revenue targets. Senior management wants to be rich not right about your
long-term wealth. Example: Morgan Chase employees tell about selling their own
bad funds. The bank actually changed the returns in marketing materials,
according to JPMorgan documents reviewed by The
New York Times. In 2011 they actually got caught and paid a fine and are
still at it. Use our unbiased advisors: http://www.amazon.com/Unbiased-Advisors-Network-helps-tax-FREE/dp/1470106841
Insider reveals hedge funds returns a mirage—worse than owning Treasuries
His research
shows returns have dipped substantially since the 1990s; compensation eating
into payouts. Simon Lack, a former hedge fund executive at JPMorgan Chase &
Co. and author of the just-published “Hedge
Fund Mirage” finds that
investors would have done twice as well with boring Treasuries over the past
decade than being in the high-status, hard-to-research investments they find so
captivating.
You may be sued when your parents go to a nursing home
States are out of money so Medicaid state funds are not
paying the bills for indigent parents. A judge can force you to pay if they
think you can pay. Twenty-nine states have "filial support" laws that
could be used to go after patients' adult children for unpaid long-term-care
bills. http://online.wsj.com/article/SB10001424052702303506404577446410116857508.html
In at least one of those states, Pennsylvania
Plan in advance with our Guide: http://www.amazon.com/Long-term-Care-Insurance-better-alternatives/dp/147006877X
Drug company pays $3
Billion for $29 Billion to sell unlawfully—no one goes to jail
GSK allegations: "Some people are concerned that
marketing by pharmaceutical companies may exert undue influence on doctors,
that sales representatives may not always give doctors full information about
the products they are promoting, or that there may be promotion of medicines
for unapproved uses."
Dr got vacations for writing scripts not permitted by law
Execs were paid $ millions for sales not permitted
Children got drugs not permitted
Americans pay 2-3 times the price Canadians pay for same
drugs
And everyone lived
happily ever after?
SCAMS “Only
the little people pay taxes.” Leona Helmsley
States are losing $ millions of revenue to tax haven in Delaware
PA has lost $400 million a year because companies have TAX
loophole. GOP claims US corporations have highest tax rate: http://www.nytimes.com/2012/07/01/business/how-delaware-thrives-as-a-corporate-tax-haven.html?pagewanted=all
Taxpayers are NOT protected by DoddFrank so Morgan Chase’s
$20 B losses are just the beginning. Banks can make bad investments with our
money still.
Bankers use email codes to fix interest rates for whole
economies!
"As always, any help wd be greatly appreciated,"
the trader wrote.
"I am going 90 altho 91 is what I should be
posting," came the reply.
This is how they “earn” the big bonuses--$200,000+
Bankers avoid jail even when insider whistleblower wins
lawsuit
Countrywide fired one exec for refusing to make up a legal
document. CEO Mozilo took $ millions after Countrywide bankruptcy. No one went
to jail. Whistleblower waiting.
IAN
41 Watchung Plaza, B242
973.746.2014
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