Category Archives: Anker

Republicans Unveil Their Health Care Plan. It’s a Bloodbath.

by ElizabethDeboer Posted on March 7, 2017

Mother Jones

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Republicans have finally released their shiny new health care plan. It’s pretty much the same as the discussion draft that leaked a couple of weeks ago, and includes the following basic features:

Subsidies (in the form of advanceable tax credits) are age-based, starting at $2,000 for young people and going up to $4,000 for older folks.
The subsidies begin to phase out above incomes of $75,000 ($150,000 for households). This will affect about 10 percent of the population and probably reduces the cost of the bill by about 5 percent.
Obamacare’s Medicaid expansion is frozen in 2020 and then gradually phased out.
The bill allocates about $10 billion per year for high-risk pools run by states. This is far too little to work effectively.
The tax meant to pay for everything was removed.
Insurers are required to cover everyone who applies, even if they have pre-existing conditions. However, if you have a coverage gap longer than two months, insurers can impose a premium surcharge of 30 percent for one year. This “continuous coverage” provision is designed to motivate people to buy insurance, since the bill repeals the individual mandate.
The funding formula for Medicaid is changed to a “per-capita allotment,” which is a fancy way of saying it gets cut.
All the Obamacare taxes on the rich are repealed.

Oh, and the bill includes a one-year ban on funding for Planned Parenthood. Conservatives love this, but it’s also likely to generate some sure no votes in the Senate. Remember that Republicans can only afford two defections in the Senate. Any more than that and their bill fails.

Needless to say, there’s not yet an analysis from the Congressional Budget Office about how much the GOP plan will cost or how many people it will cover. It’s safe to say that on the cost side, it will be a lot cheaper than Obamacare. In fact, since the tax credits are so stingy, it’s likely that very few people in the bottom third of the income spectrum will use them. They leave insurance too expensive for most poor people to afford.

Because of this, my horseback guess is that the Republican plan will be used by about 3 million people, compared to 10 million for Obamacare. The Medicaid expansion will be unchanged for a while, continuing to cover about 10 million people. Total cost for subsidies + high-risk pools + Medicaid expansion will run about $25 billion per year, compared to $100 billion for Obamacare.

Three million is far too small a pool for any kind of successful program, and the pre-existing conditions clause ensures that the pool will be not just small, but very, very heavily weighted toward the very sick. It’s a disaster for insurance companies, who will almost surely refuse to participate.

That’s my guess, anyway. It’s a bloodbath. More detailed analysis from think tankers will be available soon, and the CBO will weigh in eventually too. It’s not going to be pretty.

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Republicans Unveil Their Health Care Plan. It’s a Bloodbath.

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The Dead Pool – 26 February 2017

by SylvestMccord Posted on February 26, 2017

Mother Jones

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Man of the people that he is, Donald Trump likes to pick rich guys for high-level positions in his administration. Unfortunately, that poses a problem:

President Donald Trump’s nominee for Navy secretary, investor Philip Bilden, is expected to withdraw from consideration, sources familiar with the decision told Politico, becoming the second Pentagon pick unable to untangle their financial investments in the vetting process….Like billionaire investment banker Vincent Viola, who withdraw his nomination to be secretary of the Army earlier this month, Bilden ran into too many challenges during a review by the Office of Government Ethics to avoid potential conflicts of interest, the sources said.

To become Secretary of State, maybe all this divesting of huge fortunes is worth it. But Navy Secretary? Probably not.

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The Dead Pool – 26 February 2017

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Donald Trump’s Mystery $50 Million (or More) Loan

by TomokoProud Posted on February 23, 2017

Mother Jones

Among Donald Trump’s debts—the source of some of his most intractable conflicts of interest—is a mystery loan that Trump has not publicly explained. And this means that the president could have a secret creditor to whom he owes tens of millions of dollars.

According to Trump’s financial disclosure records and various news reports, Trump is carrying hundreds of millions of dollars in debt. These transactions could provide his creditors with leverage over the new commander-in-chief. Moreover, it would be difficult for Trump to refinance or modify the terms of his various loans without raising suspicion that he is receiving favorable treatment because of his position. (Imagine a bank gives him a good rate. Would this suggest it might receive preferential treatment from the US government Trump heads?) Because Trump has refused to release his tax returns, it’s impossible for the public to know exactly how much he owes and to whom. And Trump never kept his campaign promise to reveal all his creditors and obligations.

The financial disclosure form he filed last year did note more than a dozen loans totaling at least $713 million. But the full amount could be more. And buried in the paperwork is a puzzling debt that ethics experts say could suggest that Trump has a major creditor he has not publicly identified.

According to the disclosure, in 2012, Trump borrowed more than $50 million from a company called Chicago Unit Acquisition LLC. (The true value of the loan could be much higher; the form requires Trump only to state the range of the loan’s value, and he selected the top range, “over $50,000,000.”) Elsewhere in the same document, Trump notes that he owns this LLC. That is, he made the loan to himself. There’s nothing necessarily unusual about that.

Here’s where the situation gets odd. With Trump owning the Chicago Unit Acquisition LLC—and the LLC being owed $50 million or more by Trump—this company should be listed on Trump’s disclosure as worth at least that much, unless it has debt offsetting this amount. Yet on Trump’s latest disclosure form, Chicago Unit Acquisition is not listed at all. The disclosure rules say that any asset worth more than $1,000 must be noted. So this is the mystery: Why is this Trump-owned firm that holds a $50 million-plus note from Trump not worth anything?

The answer could be that Chicago Unit Acquisition has its own debts that cancel out its value, says Kathleen Clark, a law professor at Washington University in St. Louis, who specializes in government and corporate ethics. In other words, Trump’s LLC could owe $50 million and possibly much more to one or more creditors that have not been disclosed to the public. Though the president essentially could be on the hook to some entity or some person for over $50 million, the financial disclosure rules do not require Trump to list the loans and liabilities of companies he owns. (He only has to reveal his personal loans.)

“I think the American people are at risk because we don’t know know with whom Donald Trump is entangled financially,” Clark says. “If I owe a lot of money to someone, I will probably want to do what I can to keep that person or institution happy. We don’t know the terms of this debt and we don’t know whether Donald Trump will be tempted to look out for his own financial interest in addressing the concerns of his creditor, whoever that is.”

A recent Wall Street Journal article noted that Trump pays a minimum of $4.4 million a year in interest in connection with his loan from Chicago Unit Acquisition LLC. His disclosure form states he pays the prime interest rate plus 5 percent for this loan. (Consequently, Chicago Unit Acquisition would have at least that much in annual revenue, though none is reported.) And the Journal report deepened the mystery. It noted that it had paid two research firms to search for paperwork connected to this loan, but both came up empty-handed.

In a 2016 interview with the New York Times, Trump briefly addressed the loan. He said that he had purchased the debt, via Chicago Unit Acquisition, from a group of banks he had previously borrowed from. Jason Greenblatt, the Trump Organization’s chief legal officer, would not discuss with the Times why Trump had not simply retired the debt and instead was continuing to pay interest on it. “I am not sure it’s appropriate for us to discuss our sort of internal financial reasoning behind transactions in the press,” Greenblatt told the Times. “It’s really personal corporate trade secrets, if you will. Neither newsworthy or frankly anybody’s business.”

On his 2015 disclosure form, Trump did list Chicago Unit Acquisition LLC as having a value, putting it at between $1,000 and $25,000—still substantially lower than the sum Trump reports owing to it. When the Times asked Trump why Chicago Unit Acquisition LLC was valued so low on his financial disclosure, he replied, “We don’t assess any value to it because we don’t care. I have the mortgage. That is all there is. Very simple. I am the bank.”

“Whether or not Mr. Trump cares or not about a liability is irrelevant to his obligation to disclose information on the Form 278,” says Norm Eisen, who was a top ethics attorney in the Obama administration and who now co-chairs Citizens for Responsibility and Ethics in Washington. “Questions about the apparent inconsistency in how the loan was and is treated on his disclosures are legitimate, and a normal president would provide additional information to clear them up.”

Alan Garten, Trump’s personal attorney, did not respond to a request for comment, nor did the White House.

Richard Painter, who served as the chief ethics lawyer in the George W. Bush administration and who co-chairs CREW with Eisen, says if there are no loans offsetting the value of Chicago Unit Acquisition, Trump’s disclosure form should list the outstanding debt as an asset. “None of the underlying assets or liabilities of the LLC owned by Trump need to appear on the 278—just its net value and Trump’s ownership in it,” Painter says. “That is one of the reasons the form is incomplete. If the LLC is owed money, that is a positive; if it owes money, that is a negative, for determining its value.”

Either Trump’s disclosure report is incomplete or there could be a hidden creditor, Eisen and Painter assert. If Trump were to release his tax returns, as all other major presidential candidates have done in recent decades, they point out, he could clear up the matter by providing information on his interest payments. (Eisen and Painter have filed a lawsuit against Trump alleging that the president has violated the Emoluments Clause of the Constitution by maintaining a number of beneficial financial relationships with foreign governments.)

“Without more information, we cannot properly assess the import of this entry, or of the changes in how it was reported,” Eisen says. “We need those additional details, including to assess possible conflicts. It may well be the case that the answers lie in Mr. Trump’s tax returns, but he has refused to provide them. This is yet another transparency failure on the part of the president.”

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Donald Trump’s Mystery $50 Million (or More) Loan

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Racism was a big factor in the Flint water crisis, a new report explains.

by RenatoHanger Posted on February 17, 2017

In December, when Musk got stuck in traffic, instead of leaning on the horn or flipping off the other drivers, he decided to build a new transportation system. An hour later, Max Chafkin writes in Bloomberg Businessweek, “the project had a name and a marketing platform. ‘It shall be called The Boring Company,’” Musk wrote.

Musk told employees to grab some heavy machinery and they began digging a hole in the SpaceX parking lot. He bought one of those machines that bores out tunnels and lays down concrete walls as it goes. It’s named Nannie.

Musk is the grown-up version of the kid who decides to dig to China: He doesn’t pause to plan or ask what’s possible, he just grabs a stick and starts shoveling. Maybe that’s the approach we need. As Chafkin points out, “Tunnel technology is older than rockets, and boring speeds are pretty much what they were 50 years ago.” And Bent Flyvbjerg, an academic who studies why big projects cost so much, says that the tunneling industry is ripe for someone with new ideas to shake things up.

Musk is a technical genius. But the things that make tunnels expensive tend to be political — they have to do with endless hearings before local government councils and concessions to satisfy concerned neighbors and politicians. For that stultifying process, at least, Musk’s new company is aptly named. If Musk figures out how disrupt local land-use politics, it would mean he’s smarter than anyone thinks.

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Racism was a big factor in the Flint water crisis, a new report explains.

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The Great Backyard Bird Count is losing feathers due to climate change.

by LudieVosper Posted on February 17, 2017

In December, when Musk got stuck in traffic, instead of leaning on the horn or flipping off the other drivers, he decided to build a new transportation system. An hour later, Max Chafkin writes in Bloomberg Businessweek, “the project had a name and a marketing platform. ‘It shall be called The Boring Company,’” Musk wrote.

Musk told employees to grab some heavy machinery and they began digging a hole in the SpaceX parking lot. He bought one of those machines that bores out tunnels and lays down concrete walls as it goes. It’s named Nannie.

Musk is the grown-up version of the kid who decides to dig to China: He doesn’t pause to plan or ask what’s possible, he just grabs a stick and starts shoveling. Maybe that’s the approach we need. As Chafkin points out, “Tunnel technology is older than rockets, and boring speeds are pretty much what they were 50 years ago.” And Bent Flyvbjerg, an academic who studies why big projects cost so much, says that the tunneling industry is ripe for someone with new ideas to shake things up.

Musk is a technical genius. But the things that make tunnels expensive tend to be political — they have to do with endless hearings before local government councils and concessions to satisfy concerned neighbors and politicians. For that stultifying process, at least, Musk’s new company is aptly named. If Musk figures out how disrupt local land-use politics, it would mean he’s smarter than anyone thinks.

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The Great Backyard Bird Count is losing feathers due to climate change.

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Elon Musk has started digging a tunnel under Los Angeles.

by CharlaCapasso Posted on February 16, 2017

In December, when Musk got stuck in traffic, instead of leaning on the horn or flipping off the other drivers, he decided to build a new transportation system. An hour later, Max Chafkin writes in Bloomberg Businessweek, “the project had a name and a marketing platform. ‘It shall be called The Boring Company,’” Musk wrote.

Musk told employees to grab some heavy machinery and they began digging a hole in the SpaceX parking lot. He bought one of those machines that bores out tunnels and lays down concrete walls as it goes. It’s named Nannie.

Musk is the grown-up version of the kid who decides to dig to China: He doesn’t pause to plan or ask what’s possible, he just grabs a stick and starts shoveling. Maybe that’s the approach we need. As Chafkin points out, “Tunnel technology is older than rockets, and boring speeds are pretty much what they were 50 years ago.” And Bent Flyvbjerg, an academic who studies why big projects cost so much, says that the tunneling industry is ripe for someone with new ideas to shake things up.

Musk is a technical genius. But the things that make tunnels expensive tend to be political — they have to do with endless hearings before local government councils and concessions to satisfy concerned neighbors and politicians. For that stultifying process, at least, Musk’s new company is aptly named. If Musk figures out how disrupt local land-use politics, it would mean he’s smarter than anyone thinks.

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Elon Musk has started digging a tunnel under Los Angeles.

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Sell-by dates are expiring.

by RobCedillo Posted on February 16, 2017

In December, when Musk got stuck in traffic, instead of leaning on the horn or flipping off the other drivers, he decided to build a new transportation system. An hour later, Max Chafkin writes in Bloomberg Businessweek, “the project had a name and a marketing platform. ‘It shall be called The Boring Company,’” Musk wrote.

Musk told employees to grab some heavy machinery and they began digging a hole in the SpaceX parking lot. He bought one of those machines that bores out tunnels and lays down concrete walls as it goes. It’s named Nannie.

Musk is the grown-up version of the kid who decides to dig to China: He doesn’t pause to plan or ask what’s possible, he just grabs a stick and starts shoveling. Maybe that’s the approach we need. As Chafkin points out, “Tunnel technology is older than rockets, and boring speeds are pretty much what they were 50 years ago.” And Bent Flyvbjerg, an academic who studies why big projects cost so much, says that the tunneling industry is ripe for someone with new ideas to shake things up.

Musk is a technical genius. But the things that make tunnels expensive tend to be political — they have to do with endless hearings before local government councils and concessions to satisfy concerned neighbors and politicians. For that stultifying process, at least, Musk’s new company is aptly named. If Musk figures out how disrupt local land-use politics, it would mean he’s smarter than anyone thinks.

See original article here: 

Sell-by dates are expiring.

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Whole Foods is finally getting its comeuppance.

by RachelAirey Posted on February 15, 2017

The notoriously pricey grocery chain will close nine stores after six consecutive quarters of plummeting same-store sales. It seems $6 asparagus-infused water and bouquets of California ornamental kale just aren’t flying off the shelves.

There’s a bitter green irony here: The organic products the chain popularized are now more popular than ever, just not at Whole Foods. Americans bought three times more organic food in 2015 than in 2005. But now, superstores like Kroger, Walmart, and Target are selling organic food at reasonable prices that threaten Whole Foods’ claim to the all-natural throne.

To compete in a crowded lower-cost organic market, the company launched a new chain in April 2016: 365 by Whole Foods Market, aka Whole Foods for Broke People. The 365 stores are cheaper to build, require less staff, and offer goods at lower prices.

Whole Foods may have a squeaky clean image, but that doesn’t square with its labor practices. The company has historically quashed employees’ attempts to unionize, and it sold goat cheese produced with prison labor until last April.

Still, if you’ve a hankering for “Veganic Sprouted Ancient Maize Flakes,” we’re pretty sure that Whole Foods has that market cornered.

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Whole Foods is finally getting its comeuppance.

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What would it mean to “modernize” the Endangered Species Act?

by PaulinaGehlert Posted on February 15, 2017

The notoriously pricey grocery chain will close nine stores after six consecutive quarters of plummeting same-store sales. It seems $6 asparagus-infused water and bouquets of California ornamental kale just aren’t flying off the shelves.

There’s a bitter green irony here: The organic products the chain popularized are now more popular than ever, just not at Whole Foods. Americans bought three times more organic food in 2015 than in 2005. But now, superstores like Kroger, Walmart, and Target are selling organic food at reasonable prices that threaten Whole Foods’ claim to the all-natural throne.

To compete in a crowded lower-cost organic market, the company launched a new chain in April 2016: 365 by Whole Foods Market, aka Whole Foods for Broke People. The 365 stores are cheaper to build, require less staff, and offer goods at lower prices.

Whole Foods may have a squeaky clean image, but that doesn’t square with its labor practices. The company has historically quashed employees’ attempts to unionize, and it sold goat cheese produced with prison labor until last April.

Still, if you’ve a hankering for “Veganic Sprouted Ancient Maize Flakes,” we’re pretty sure that Whole Foods has that market cornered.

See the original post – 

What would it mean to “modernize” the Endangered Species Act?

Posted in alo, Anchor, Anker, FF, G & F, GE, LAI, Landmark, LG, ONA, organic, Ringer, solar, Sprout, Uncategorized | Tagged , , , , , , , , | Comments Off on What would it mean to “modernize” the Endangered Species Act?

Dumb management of fisheries costs us up to $83 billion a year.

by Candace29H Posted on February 15, 2017

The notoriously pricey grocery chain will close nine stores after six consecutive quarters of plummeting same-store sales. It seems $6 asparagus-infused water and bouquets of California ornamental kale just aren’t flying off the shelves.

There’s a bitter green irony here: The organic products the chain popularized are now more popular than ever, just not at Whole Foods. Americans bought three times more organic food in 2015 than in 2005. But now, superstores like Kroger, Walmart, and Target are selling organic food at reasonable prices that threaten Whole Foods’ claim to the all-natural throne.

To compete in a crowded lower-cost organic market, the company launched a new chain in April 2016: 365 by Whole Foods Market, aka Whole Foods for Broke People. The 365 stores are cheaper to build, require less staff, and offer goods at lower prices.

Whole Foods may have a squeaky clean image, but that doesn’t square with its labor practices. The company has historically quashed employees’ attempts to unionize, and it sold goat cheese produced with prison labor until last April.

Still, if you’ve a hankering for “Veganic Sprouted Ancient Maize Flakes,” we’re pretty sure that Whole Foods has that market cornered.

See original – 

Dumb management of fisheries costs us up to $83 billion a year.

Posted in alo, Anchor, Anker, FF, G & F, GE, LAI, Landmark, LG, ONA, organic, Ringer, solar, Sprout, Uncategorized | Tagged , , , , , , , | Comments Off on Dumb management of fisheries costs us up to $83 billion a year.