Sebelius Tasked With Health Care Policy Reform

March 3, 2009

WASHINGTON (Reuters) – President Barack Obama named Kansas Governor Kathleen Sebelius on Monday to lead his ambitious health reform effort, kicking off a week focused on revamping an inefficient healthcare system whose cost he fears is hurting the U.S. economy.

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As REOs Expand, Empty Houses Overwhelm the Neighborhood

March 3, 2009

Report digs further into “growing number of bank-owned properties in foreclosure scarring neighborhoods across the country,” as bank-owned foreclosed properties sit in limbo, driving down property values with “blight, vandalism and neglect” even more as banks ignore the problem (they’ve got bigger ones on their hands).

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Kaus: Card Check Policy Details Even Worse Than Thought

March 3, 2009

Card Check policy details horrify Mickey Kaus, particularly the installation of arbitrators from the Federal Government with the power to order around employers and unions in horrible fashion. Imagine a bureaucrat with the power to tell any business what wages, job categories, organization and hierarchy have to be, no matter what.

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Post-Recession US Auto Market to be Half its Former Size

March 3, 2009

CIBC Chief Economist Jeff Rubin warns that car industry in the US has undergone fundamental changes, a “correction that will yank 25 million cars off American roads over the next five years and kill 200,000 more jobs as half the country’s 51 auto plants are permanently shut down.” Industry consultant calls the report “Alarmist.”

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Orrin Hatch's Drug Firm Links Questioned

March 3, 2009

Typical DC big Pharma shell game: there are all these difficult limits these days. Instead of giving donations to me, give cash to my charity, hire my son as a lobbyist. Charities can be delinquent in filings in ways campaigns can’t, and Senators won’t be able to say no to my son. It’s perfect!

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The Late Great Global Warming Problem?

March 3, 2009

“Climate is known to be variable,” as Discovery’s scientists conceded, but “according to a new study, global warming may have hit a speed bump and could go into hiding for decades.” They don’t know why temps have “flatlined,” but they know “”When the climate kicks back out of this state, we’ll have explosive warming.”

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WH Commitment to Technology, Transparency Hits Snags

March 3, 2009

Obama’s campaign team intended to revolutionize POTUStech, leveraging their web communications via mass e-mail updates, text messaging, and other campaign tools. But it turns out that the WH, never designed to be a campaign HQ, doesn’t have such tools at their disposal, and much of the info they want to collect is legally dicey.

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Ron Kirk Latest Obama Cabinet Nominee With Unpaid Taxes

March 3, 2009

“Andrei, you mean to tell me you’ve lost another submarine?” At some point one has to consider that perhaps this really is a massive reason why politicians are always talking about raising taxes on the rich to compensate for tax shelters and non-payment: perhaps they assume everyone is doing it because they do it themselves?

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With Dow Below 7K, How Low Can We Go?

March 3, 2009

Henry Blodget crunches the numbers. Megan McArdle comments: “You should see [housing market] plunge to about 50% of the historical price-to-rent ratio, which has generally stood around 1.1…With rents falling, that means housing prices would drop at least another third if they overshoot badly on the downside.”

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POTUS's Secret Letter to Russia Offered Missile Defense Rollback

March 3, 2009

First big leak of the new Foggy Bottom leadership? Essential subtext: Medvedev gets to scrap the interceptor system by proxy if they pressure Iran to stop building nuclear warheads and ballistic missiles. Official sources say “no direct quid pro quo,” but in reality it sounds like the direct opposite.

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