econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



>> Click Here for Historical Wall Post Listing <<

What We Read Today 01 April 2014

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.

  • Healthcare.gov stumbles twice on deadline day (Amy Goldstein, The Washington Post) It may not have been as bad as opening day, but Healthcare.gov kept a consistency at the end day with the opening days: It didn't work as designed. First, it closed for "software problems" for three hours early in the am due and was down again at midday due to "large numbers of customers".

MtGox latest revelations follows an analysis of the block chain by researchers at the University of Zurich that failed to identify such mass theft of bitcoins by means of transaction malleability where the estimate is put at less than 500 rather than the 800,000 suggested by MtGox and therefore as I have alluded to several times since the MtGox debacle began that most of the 'lost' bitcoins or their fiat currency conversion remain with those behind MtGox rather than to have been stolen by outside hackers.

Today there are 13 articles discussed 'beyond the wall'.

private-debt-global-bi-2014-mar-30

  • Exxon: Climate Regulations Don't Threaten the Value of its Reserves (Daniel Gilbert, The Wall Street Journal) Hat tip to Roger Erickson. See also reports from MobilExxon here and here, as well as from Reuters: Exxon sees little climate change risk to assets (Anna Driver). Exxon says that even effective greenhouse gas emission control efforts will still allow consumption of gas and oil to grow for the next 30 years before leveling off. But what is being missed here is the high value of petroleum based resources as raw materials rather than fuel. Could the value of reserves rise even more for chemical manufacturing than for burning? Of course the rate of monetization (sale) of resources will decline as the time of usage is stretched out.

gold-rally-after-bottom-gold-scents-2014-mar-29-600px

  • Student claims college instructor spent months teaching class the 'wrong' course (Courtney Zubowski, KHOU.com) Some formerly 4.0 students complain that instead of "Intro to Chemistry" the instructor taught "General Chemistry". They all flunked. Admittedly they should have been in the correct course and weren't. Any instructor worth a penny will know when students are struggling early in a course and find out why. This instructor apparently did not. But even more disturbing is that none of the 4.0 students could pass general chemistry. That says something about grade values for all the other courses (or content values).

incomedistribution-corp-employ-sole-prop-dolan-2014-mar-27

  • Why The Most Popular Chart In The Profit Margins Debate Is A Complete Disaster (Sam Ro, Business Insider) John Hussman produced the following graph which infers a stock market disaster is coming, bigger than either 2001 or 2008. The problem is that he gets that peak by dividing U.S. corporate profits (almost 75% earned overseas) by U.S. GDP (entirely domestic). RO calls the graph a disaster; it might just as well be called a hoax.

corporate-profits-growth-hussman-sam-ro-2014-mar-31

"I don't think it means anything. ... I think they're cooking the books on this. What kind of insurance will those people actually have? Will they be able to keep the doctor that they want? How much more is it going to cost them? We know that some of the best cancer hospitals in the country want very little to do with people that actually buy this insurance on the Obamacare exchanges."

From HHS (Health and Human Services) Secretary Kathleen Sebelius the following video response:



  • Obamacare has led to health coverage for millions more people (Noam N. Levey, Los Angeles Times) At least 9.5 million previously uninsured people have gotten health insurance since Obamacare started, surveys and reports show. This is the total that have obtained new insurance through Obamacare (at least 1.7 million previously uninsured), expanded Medicaid coverage (4.5 million previously uninsured), children under 26 returning to their parent's policies (3 million) and new (non-Obamacare) private insurance policies. According to an unpublished survey by the Rand Corp., fewer than 1 million who had insurance in 2013 remain uninsured because of policy cancellations. This article contradicts opponents of Obamacare who have stated that Obamacare has resulted in a net reduction of the number of people with health insurance coverage.

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.






Econintersect Behind the Wall



search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
Was Marx Right?
Angst in America, Part 4: Disappearing Pensions
News Blog
Documentary Of The Week: History Of The World From The Beginning Of 'Time'
The Four Factors That Decide How We Feel About Income Inequality
Why Mexican Immigrants Are Healthier Than Their US-born Peers
The US View On Climate Change
Hilarious Security Camera Compilation
Brexit: Whither The Pound?
Is Chinese Growth Overstated?
Trading Ideas Between Countries
Recession To Recovery: A Decade In Perspective
Infographic Of The Day: Visualizing America's Changing Energy Mix
Early Headlines: Asia Stocks Up, Dollar And Oil Down, Gold Stable, Trump Tax Plan Today, Trump Reviews National Monuments, UK Deficit Lowest In 10 Years, China Banking Crisis, Canadian Lumber Tariff, And More
Jesus Christ vs. Confucius
2016 The Worst Year So Far For Syria's Children
Investing Blog
Facebook Is Coming After Snapchat From All Sides
Know Your Energy Sector
Opinion Blog
Squeezing The Philippine Peso
Trump Just Imposed A New Tax On Lumber
Precious Metals Blog
A New Age For Gold
Live Markets
26Apr2017 Market Close: Wall Street Closes In The Red After What First Appeared To Be Another Green Session, WTI Crude Slips Down Into The Low 49 Handle, While Gold Trends Sharply Higher
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government































 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved