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July 2017
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Wages Too Low, More People On Medicaid After Obamacare

Posted by Mr.Copper @ 10:43 on July 11, 2017

Minnesota and New York have implemented Basic Health Programs (BHPs) established by the Affordable Care Act (ACA) for adults with incomes between 138%-200% Federal Poverty Level FPL.

Federal Poverty Level (FPL)

$12,060 for individuals
$16,240 for a family of 2
$20,420 for a family of 3
$24,600 for a family of 4
$28,780 for a family of 5
$32,960 for a family of 6
$37,140 for a family of 7
$41,320 for a family of 8

Comment: There are simply too many under paid people in the country, because minimum wages was not raised in unison with a postage stamp price or new car price. This was a net tax break (paid by others) for small businesses to replace lost industrial jobs. Raising the Minimum wage would be like a tax hike.

Many businesses that I know can very easily afford to pay more than min wage, but won’t because they don’t have to. The cut throat zero margin businesses that CAN’T survive paying more, should do society a favor and close down. Less competition for the successful ones.

Silver at 15.60 At The Moment, Silver (15.60) Nearly 50 Cents Higher Than Low Of Yesterday,

Posted by Farmboy @ 10:30 on July 11, 2017

Gold holding its own 1209-1210. Miners…? They be puking their guts up. Ugh !

I just added more JNUG. I think we end up higher today in spite of.

One of the Fed Heads (Bainerd?) is speaking today and addressing the ‘New Normal’ on the Fed Balance sheet. Something tells me she will give hints as to how the Fed plans to unravel their 5 trillion. I doubt the markets are going to like anything she says that remotely suggests they are taking away Wall St’s punch bowl.

But just in case I am wrong about a recovery in the PM’s today, I am picking out interior paint colors and wallpaper for my Cardboard Box on the beach. 🙂

oops he forgot to not tell the truth

Posted by ipso facto @ 10:23 on July 11, 2017

Macron says Africa’s main problem is ‘7-8 children per woman,’ social media erupts

French President Emmanuel Macron is in hot water for saying that one of Africa’s main problems is women having too many children. Social media has been grilling him for blaming innocent children rather than Western companies that are “looting” Africa.

Macron addressed African issues during the June 7-8 G20 summit in Hamburg, Germany. However, the video of his speech was released on social media only on Monday.

The president said the African continent’s problems were not economic, ecological, or political, but demographic.

“When countries still have seven to eight children per woman, you can decide to spend billions of euros, but you will not stabilize anything,” he stated.

https://www.rt.com/news/395996-macron-africa-children-main-problem/