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Zigg

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  • Complying with tighter fracking regulations on federal lands will cost $253,839 per well, says EOG Resources (EOG), Wyoming and Utah, citing a study from John Dunham & Associates. That's well above the $11,833 that the Bureau of Land Management estimates, and would cost natural gas producers a total of $1.5B-$1.62B a year. [View news story]
    I'd rather have clean drinking water
    Sep 9, 2012. 07:53 AM | 6 Likes Like |Link to Comment
  • The Affordable Care Act actually discourages small businesses from growing, says TheStreet.com's Robert Weinstein. Buried within 2,700 pages of the Act is a requirement that businesses provide all employees with "acceptable" health insurance coverage, but exempts businesses with 49 or fewer full time employees. For small business owners, this is a glaring disincentive not to grow beyond 49 employees as a result of the costs and additional regulations companies face with 50 or more.  [View news story]
    Don't feed the troll
    Jul 8, 2012. 08:19 AM | Likes Like |Link to Comment
  • Germany indicates that it could drop its opposition to eurozone bonds, a banking union and other ideas if EU governments agree to give up more sovereignty to Europe, the WSJ reports. Germany is "willing to play ball" in a grand design, an official says; however, Angela Merkel is still publicly objecting to eurobonds.  [View news story]
    FIXED
    "if EU governments agree to give up more sovereignty to Germany"
    Jun 4, 2012. 07:34 AM | Likes Like |Link to Comment
  • Trying to keep its biggest client happy, Treasury has allowed the PBOC a direct link to the U.S. bond auction system, reports Reuters, making the Chinese central bank the only one on the planet that can bypass primary dealers and buy U.S. paper directly. The move should allow China to keep its bidding habits quite a bit more secretive.  [View news story]
    the "republic" lol
    May 21, 2012. 07:51 PM | Likes Like |Link to Comment
  • More on Valve: Apple (AAPL) CEO Tim Cook reportedly paid a visit to the gaming service's Bellevue, WA headquarters today, igniting speculation about his intentions. It's hard to imagine Apple, with its proprietary hardware focus, being interested in Valve's rumored plans to build a console for third-party OEMs. Might Apple, with its existing and rumored TV ambitions, be interested in buying Valve, whose Steam service is an app store for PC games?  [View news story]
    app store for PC and MAC games
    Apr 13, 2012. 05:46 PM | 1 Like Like |Link to Comment
  • With the GOP and the Democrats looking to end various tax breaks to finance tax cuts, a new Congressional report shows that exemptions amount to over $1T/year - around the same amount as the budget. The biggest breaks are those for employer-provided health insurance and pensions, which are forecast to reach $164.2B and $162.7B respectively in 2014.  [View news story]
    You must have misplaced that magic wand somewhere in fantasy land
    Mar 25, 2012. 01:31 PM | 1 Like Like |Link to Comment
  • People in their 20's are carrying average debt loads of $45K, according to a PNC survey, with education loans topping the list. Servicing much of this debt is about to get harder as the interest charged on government-subsidized Stafford loans is scheduled to jump on July 1 to 6.8% from 3.4%.  [View news story]
    I would think a lot of people will get the loans deferred by going back to school (and adding more debt).
    Mar 20, 2012. 08:17 AM | 1 Like Like |Link to Comment
  • The Obama Administration says it's cutting the mortgage fees charged by the FHA’s refinancing program as part of its attempt to boost the ailing housing market. The move, which doesn't need Congressional approval, will help an estimated 2M-3M borrowers each save around $1,000 a year on average. (PR)  [View news story]
    Refinancing FHA mortgages now usually results in a higher monthly mortgage payment. FHA fees for insurance and closing were increased (in 2009 or 2010). Unlike regular mortgages, FHA's are stuck: higher monthly payments vs even higher monthly payments.

    Permitting FHA's to refinance should be a net positive b/c people would be less likely to default and the gov't wouldn't need to pay back the banks.
    Mar 7, 2012. 07:58 AM | Likes Like |Link to Comment
  • House Republicans link the extension of the payroll tax cut to the swift approval of TransCanada's (TRP) Keystone oil pipeline. President Obama has already said he'll have none of it, but John Boehner declares that the "the American people can't wait" for the jobs the pipeline would bring.  [View news story]
    so much for state's rights...
    Dec 8, 2011. 11:19 PM | Likes Like |Link to Comment
  • France will slash its budget deficit by 20% in 2012 from €113B ($156B) this year, PM Francois Fillon says, with half the savings coming from spending cuts and the rest from increasing state revenue. The government could reportedly announce the measures tomorrow. "Reality has struck," Fillon says. Really, has it?  [View news story]
    "Really, has it?"

    The increasing number of cutesy editorials on the posts are getting annoying.
    Nov 6, 2011. 07:25 AM | 4 Likes Like |Link to Comment
  • A bipartisan Senate committee proposal would maintain spending on highways, bridges and transits at current levels plus inflation for two years, although there's just one snag: the plan doesn't say how it will close the $12B gap between the amount needed and the revenue from the gasoline tax that helps pays for such expenditure. Oops.  [View news story]
    "Oops."

    The increasing number of cutesy editorials on the posts are getting annoying.
    Nov 6, 2011. 07:24 AM | 4 Likes Like |Link to Comment
  • Mounting evidence that sugary drinks and fatty foods lead to addiction could spark the most important consumer safety battle since cigarettes. One-third of U.S. adults and 17% of children are obese - adding about $150B to healthcare costs and shaving anywhere from 2-10 years off people's lives.  [View news story]
    maybe we can stop subsidizing the foods that kill us and cost parity with healthy foods can occur

    http://lat.ms/vKNdBl
    Nov 5, 2011. 11:58 PM | 2 Likes Like |Link to Comment
  • The White House reveals details of its student loan relief plan a day ahead of Pres. Obama's announcement. Monthly payments for some students will be reduced to 10% of discretionary income, debt balances will be forgiven after 20 years of payments, and some students can consolidate their loans with government loans into a single payment with a reduced interest rate.  [View news story]
    It's not the "useless" degree that the issue, it's the fact that the tuition is the same regardless of degree. $30K for arts or business. (and there's an artificial floor on tuition b/c of stafford loan limits). It would be more reasonable to have different tuition rates for different degrees, and schools would likely specialize in different areas instead of the monolithic, inflexible giga-universities we have now.
    Oct 25, 2011. 10:02 PM | 2 Likes Like |Link to Comment
  • Wealthy Americans react harshly to critics, such as the Wall Street protesters, because they "realize, deep down, how morally indefensible their position is," Paul Krugman writes. They "got rich by peddling complex financial schemes that... helped push us into a crisis whose aftereffects continue to blight the lives of tens of millions of their fellow citizens."  [View news story]
    What do you think would happen to the unemployment rate when all the troops are brought home and let go from the service?

    What happened to Rome when the legions came back?
    Oct 10, 2011. 09:20 PM | Likes Like |Link to Comment
  • All the anti-government rhetoric has made us forget just how much the government has done to improve our lives, MarketWatch's Rex Nutting writes. From the Golden Spike to, literally, the moon, he says much of what makes America great could never have been delivered solely through private enterprise.  [View news story]
    Space wasn't about a political pissing contest - it was about securing space as defense against communist space assets
    Sep 27, 2011. 11:00 PM | 1 Like Like |Link to Comment
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