Tag Archives: total

Health Care Systems Are Expensive. Deal With It.

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

How much would a single-payer universal health care system cost in the United States? You don’t need to do anything very complicated to get a ballpark figure. Here’s the arithmetic:

Total spending on health care in the US is $3.2 trillion
Of that, $1.5 trillion is already funded by federal and state programs. That leaves additional required spending of $1.7 trillion.
A universal system will still require some copays and other out-of pocket expenses. Figure $200 billion or so. That leaves $1.5 trillion

So that’s it. A universal health care system in the US would require about $1.5 trillion in additional government spending. If you want to make heroic assumptions about how much a single-payer would save, go ahead. But nobody serious is going to buy it. If we’re lucky, a good single-payer system would slow the growth of health care costs over the long term, but it’s vanishingly unlikely to actually cut current costs.

There was a lot of surprise today about an estimate that a single-payer plan for California would have a net additional cost of about $200 billion. But California has 12 percent of the nation’s population, and 12 percent of $1.5 trillion is $180 billion. So that estimate is right in the ballpark of what you should expect. Short of some kind of legislative miracle, there’s really no way around this. Health care is expensive.

View the original here: 

Health Care Systems Are Expensive. Deal With It.

Posted in Anker, FF, GE, LG, ONA, Uncategorized, Venta | Tagged , , , , , , , , , | Comments Off on Health Care Systems Are Expensive. Deal With It.

Trump’s Tax Return Suggests He’s the Most Incompetent Billionaire in the Nation

Mother Jones

<!DOCTYPE html PUBLIC “-//W3C//DTD HTML 4.0 Transitional//EN” “http://www.w3.org/TR/REC-html40/loose.dtd”>

Tonight’s exciting news: David Cay Johnston somehow got hold of the first page of Donald Trump’s 2005 federal tax return. He released it on the Rachel Maddow show tonight:

Here are Trump’s major sources of income:

Interest income: $9 million
Business income: $42 million
Capital gains: $32 million
Rental income: $67 million
Miscellaneous: $2 million
Total: $152 million

After a writeoff of $103 million, his adjusted gross income clocked in at $49 million. His taxable income came in at $31 million and his tax bill for this was $5 million. That’s a tax rate of about 3 percent. Ka-ching!

Sadly for Trump, the Alternative Minimum Tax kicked in, which meant he had to pay $38 million in taxes. I guess it’s no wonder that Trump doesn’t think very highly of the Alternative Minimum Tax.

Without more pages from his tax return, there’s a limit to what we can learn from this. Trump’s income of $150 million fits fairly well with the estimates I’ve seen. But I will add one thing.

Trump’s total investment income was $108 million, and Trump claims to be worth $5 billion or so, depending on what day you ask him. That means he earned a return on his assets of about 2 percent. In 2005! During the housing bubble! I’m no tax expert, and maybe he had hundreds of millions in capital gains that he didn’t realize that year. Who needs more than $150 million in income, after all? It still seems pretty low, though, and if Trump really did earn a return of only 2 percent he is, by long odds, the most incompetent billionaire in the country.

Alternatively, of course, Trump is actually worth about $1-2 billion and he earned something like a 5-10 percent return. Take your pick.

Original source:  

Trump’s Tax Return Suggests He’s the Most Incompetent Billionaire in the Nation

Posted in FF, GE, LAI, LG, ONA, Uncategorized, Venta | Tagged , , , , , , , , | Comments Off on Trump’s Tax Return Suggests He’s the Most Incompetent Billionaire in the Nation

People can’t get enough of Tesla’s new batteries

People can’t get enough of Tesla’s new batteries

By on 8 May 2015commentsShare

World’s chillest billionaire Elon Musk announced this week that demand for his new energy storage devices is “crazy off-the-hook.”

According to Bloomberg Business, Musk’s new home- and utility-scale battery business, Tesla Energy, has already received about $800 million in reservations — an impressive number, given that Musk just unveiled Tesla Energy a week ago. But Bloomberg warns that, for now, it’s just a number:

Before anyone gets too excited, it’s important to note the biggest caveat: reservations don’t necessarily convert to sales. That’s especially true for the home storage batteries sold under the name Powerwall. Anyone can go online and place a reservation, years in advance, with no money down and no commitment to buy. To reserve a Tesla Model X vehicle, by contrast, requires $5,000 up front. Tesla declined to clarify what constitutes a “reservation” for a business or utility-scale project.

Still, the buzz is encouraging. Since the whole point of Tesla Energy is, essentially, to hurry us to the day we can all live in a solar-powered utopia, it’s good to know that the demand for said utopia is high enough to sell out these new batteries through mid-2016. (To their credit, utility companies have also been working on better batteries; they just haven’t had much success — they also lack the charisma of Musk, a.k.a. the real life Iron Man.)

Here’s a taste of what that $800 million number includes:

The Powerwall home batteries designed to be paired with rooftop solar systems received 38,000 reservations, according to Musk’s comments during Wednesday’s earnings call.
Some customers order more than one battery, with an average reservation amounting to somewhere from 1.5 to two batteries. Musk described the total demand as “more like 50,000 or 60,000” batteries in early reservations. Let’s call it 55,000 batteries.
The Powerwall comes in two designs sold at different prices: $3,000 and $3,500 each. Let’s split the difference: $3,250 apiece.
Total Powerwall Orders So Far: $178.8 million.

[…]

Musk said the company has received 2,500 reservations for the commercial-scale batteries and that the typical installation comes with “at least 10 Powerpacks.” So that’s 25,000 units totaling 2.5 million kilowatt hours.
Musk used Twitter last week to disclose pricing for the Powerpack at $250 per kilowatt hour.
Total Powerpack Orders So Far: $625 million.

So most of the money has actually come from the commercial market. According to Bloomberg, Tesla has so far been working with Target, Amazon, Southern California Electrdic, and the Texas-based utility OnCor.

With such high demand, Musk said, Tesla could easily devote its entire Gigafactory — slated to open sometime next year, ahead of its original 2017 goal — to the storage devices. Unfortunately, he said, the company already promised two-thirds of the facility to electric vehicle batteries.

“We should try to make the factory bigger,” he added — probably with a wry smile and nonchalant shrug.

A bigger factory sounds great, Elon, but maybe keep the name Gigafactory — Yottafactory just doesn’t have the same ring to it.

Source:
Tesla’s Battery Grabbed $800 Million in Its First Week

, Bloomberg Business.

Share

Please

enable JavaScript

to view the comments.

Get Grist in your inbox

Source: 

People can’t get enough of Tesla’s new batteries

Posted in Anchor, FF, GE, LG, Mop, ONA, Radius, solar, solar power, Uncategorized | Tagged , , , , , , , , , , | Comments Off on People can’t get enough of Tesla’s new batteries

Gnc Total Lean Shake, Vanilla Bean, 1.7 Pounds

[amzn_product_post]

Tagged , , , , , , , , | Comments Off on Gnc Total Lean Shake, Vanilla Bean, 1.7 Pounds

Getting off oil, protecting our land

Getting off oil, protecting our land

Posted 21 February 2013 in

National

A recent study that purports to show the conversion of grassland to corn and soybean crops is not only off the mark, but it also distracts from the real threat facing our nation’s land.

The study, published in the proceedings of the National Academies of Science, relies on hard-to-interpret satellite imagery to come up with estimates, which are, by the authors’ own admission imprecise.

The Renewable Fuels Association takes the study to task in this blog post:

A recently published study in the Proceedings of the National Academies of Science suggests that native grasslands in Iowa, Minnesota, Nebraska, North Dakota, and South Dakota have been converted to cropland to facilitate increased corn and soybean plantings between 2006 and 2011. The study’s findings stand in stark contrast to U.S. Department of Agriculture (USDA) acreage data, which show increased corn and soybean acres in the region have occurred via crop switching, not cropland expansion. Further, the extremely high rate of error associated with the satellite imagery used by the authors renders the study’s conclusions highly questionable and irrelevant to the biofuels policy debate.

And there are some key facts to consider:

Total planted cropland in the five states in 2011 was the lowest since 1995. Total planted acres in 2011 for the five-state area were 3.6% below the 10-year average (2001-2010).
While North Dakota planted 540,000 more acres to corn in 2011 than in 2006, total acres planted to all crops in the state actually fell 3.25 million acres (15%) between 2006 and 2011. Total planted crop acres in 2011 were also lower in Minnesota. This strongly suggests the expansion in corn area took place on land previously planted to other crops.
Data from USDA show that the increase in corn and soybean acres in the five-state region was primarily achieved via crop switching rather than cropland expansion. That is, farmers increased corn/soybean plantings on land previously planted to hay, wheat, and other crops. Indeed, USDA shows total crop acres in the five-state region actually declined 2.1% from 2006 to 2011.

While this study leaves us with more questions than answers, here is what we do know is happening on America’s prairies: the relentless hunt for fossil fuels is having a devastating effect on land, air and water. Developing shale oil in the Dakotas for example is poisoning the soil and water, while “flaring” – or burning excess natural gas, a byproduct of extracting oil from rock formations – is spewing carbon dioxide into the air.

Meanwhile, American farmers are working hard to make the most out of their farms, often producing multiple, beneficial products out of each acre, including renewable fuel and animal feed. Production has become increasingly more efficient, with higher yields resulting in more crops without significantly expanding land use.

At the same time, advanced biofuels present the opportunity to use marginal lands for perennial energy crops – such as switchgrass – in ways that are compatible with land conservation. A study last month from researchers at Michigan State and the Pacific Northwest National Laboratory found that using marginal lands to produce biofuel from plants like grasses could yield as much as 215 gallons per acre along with “substantial greenhouse gas mitigation.”

If we are serious about protecting our natural resources, we need to address our addiction to oil and support clean alternatives like renewable fuel.

Back to Blog Home
Share:

Join the Fight

Renewable fuel is more important than ever – driving economic growth in communities that need it, improving our nation’s energy security and attracting millions in new technology dollars to invest in America’s future.

Pledge to Support Renewable Fuel

Fuels
See original article:

Getting off oil, protecting our land

Posted in alo, Anchor, ATTRA, GE, PUR, Uncategorized | Tagged , , , , , , , , , | Comments Off on Getting off oil, protecting our land