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  • The Coal Stock Bottom Has Passed [View article]
    Sure Obama will veto. Obama is spitting on the face of americans. Jobless rate climbing everyday.
    Sep 21, 2012. 06:15 PM | 1 Like Like |Link to Comment
  • The Coal Stock Bottom Has Passed [View article]
    Big today tomorrow. Senate will determine if EPA needs to be overthrown.
    Sep 21, 2012. 12:09 AM | 1 Like Like |Link to Comment
  • Shell (RDS.A) will forge the hull of a floating liquefied natural gas plant in South Korea by year's end that will be the world’s largest vessel, weighing six times the biggest aircraft carrier. ~5K workers will build the factory to produce LNG off Australia's northwest coast in a $13B project that also will shield Shell from rising costs it would have to pay at the country’s onshore plants. [View news story]
    Obama passed executive order to block export of NG. Well, he is a fan of bankruptcies. We will soon see bunch of bankruptcies in NG sector if price does not recover.
    Sep 20, 2012. 06:48 PM | 1 Like Like |Link to Comment
  • The Coal Stock Bottom Has Passed [View article]
    More boolcrap from someone drinking Obama coolaide. BTW, Obama passed executive order barring NG export in few cases.
    Sep 20, 2012. 04:49 AM | 1 Like Like |Link to Comment
  • Eurozone flash Markit manufacturing PMI 46 in Sep vs 45.1 in Aug, manufacturing output 45.5 vs 44.4, services 46 vs 47.2, composite output 45.9 vs 46.3 and hits 39-month low. "The eurozone downturn gathered further momentum in September, suggesting that the region suffered the worst quarter for three years," says Markit. The flash PMI is consistent with GDP of -0.6% in Q3, "sending the region back into a technical recession." (PR[View news story]
    I guess french people who voted for socialist Hollande would think again.
    Sep 20, 2012. 04:17 AM | Likes Like |Link to Comment
  • French flash Markit Manufacturing PMI 42.6 in September vs 46 in August and hits 41-month low. Manufacturing output 39.8 vs 45.3, services 46.1 vs 49.2, composite output 44.1 vs 48. While private-sector output plummeted, "new business and employment also showed accelerated declines," says Markit. "Yet more weak PMI data points firmly towards a contraction in Q3." (PR[View news story]
    Sorry state. Socialist nightmare after Hollande won. This is the future of US under socialist Obama.
    Sep 20, 2012. 04:16 AM | 4 Likes Like |Link to Comment
  • Obamacare is facing a backlash. 6M Americans, or roughly 2% of the current population, are going to wind up paying a penalty for failing to have health insurance when the impact of the 2010 health-care overhaul law is felt in 2016. That's more than previously projected, according to the CBO. 85% of the increase stems from changes in baseline projections since April 2010. The other 15% is due to the recent Supreme Court decision that upholds the law, but tells states they won’t be required to beef up their Medicaid programs. [View news story]
    well said.
    Sep 20, 2012. 03:40 AM | Likes Like |Link to Comment
  • BofA (BAC) is speeding up its staff-reduction program and plans to slash 16,000 jobs by the year-end to leave it with 260,000 workers, the WSJ reports. The cuts are part of "Project BAC," which aims to bring savings of $8B a year by 2015. Most of the layoffs will probably come in BofA's consumer ops, with the bank intending to close 200 branches on top of the 178 it shut in 2011. [View news story]
    So much for Obama's bailouts and secret loans.
    Sep 20, 2012. 03:23 AM | Likes Like |Link to Comment
  • Obamacare is facing a backlash. 6M Americans, or roughly 2% of the current population, are going to wind up paying a penalty for failing to have health insurance when the impact of the 2010 health-care overhaul law is felt in 2016. That's more than previously projected, according to the CBO. 85% of the increase stems from changes in baseline projections since April 2010. The other 15% is due to the recent Supreme Court decision that upholds the law, but tells states they won’t be required to beef up their Medicaid programs. [View news story]
    Middle class and poor are naive people. Obama is exploiting it to fullest by distorting facts and diverting attention away from facts.
    Sep 19, 2012. 11:58 PM | 1 Like Like |Link to Comment
  • Massive Cyclicals Euphoria [View article]
    DRYS is a good one with exposer to Oil drilling (they own lot of ORIG shares).
    Sep 19, 2012. 11:36 PM | Likes Like |Link to Comment
  • Obamacare is facing a backlash. 6M Americans, or roughly 2% of the current population, are going to wind up paying a penalty for failing to have health insurance when the impact of the 2010 health-care overhaul law is felt in 2016. That's more than previously projected, according to the CBO. 85% of the increase stems from changes in baseline projections since April 2010. The other 15% is due to the recent Supreme Court decision that upholds the law, but tells states they won’t be required to beef up their Medicaid programs. [View news story]
    Now, vote for Obama who is ruining American society for his vote bank.
    Sep 19, 2012. 10:20 PM | Likes Like |Link to Comment
  • Obamacare is facing a backlash. 6M Americans, or roughly 2% of the current population, are going to wind up paying a penalty for failing to have health insurance when the impact of the 2010 health-care overhaul law is felt in 2016. That's more than previously projected, according to the CBO. 85% of the increase stems from changes in baseline projections since April 2010. The other 15% is due to the recent Supreme Court decision that upholds the law, but tells states they won’t be required to beef up their Medicaid programs. [View news story]
    Obamacare contains 20 new or higher taxes on American families and small businesses.
    Arranged by their respective effective dates, below is the total list of all $500 billion-plus in tax hikes (over the next ten years) in Obamacare, where to find them in the bill, and how much your taxes are scheduled to go up as of today:
    Taxes that took effect in 2010:
    1. Excise Tax on Charitable Hospitals (Min$/immediate): $50,000 per hospital if they fail to meet new "community health assessment needs," "financial assistance," and "billing and collection" rules set by HHS. Bill: PPACA; Page: 1,961-1,971
    2. Codification of the “economic substance doctrine” (Tax hike of $4.5 billion). This provision allows the IRS to disallow completely-legal tax deductions and other legal tax-minimizing plans just because the IRS deems that the action lacks “substance” and is merely intended to reduce taxes owed. Bill: Reconciliation Act; Page: 108-113
    3. “Black liquor” tax hike (Tax hike of $23.6 billion). This is a tax increase on a type of bio-fuel. Bill: Reconciliation Act; Page: 105
    4. Tax on Innovator Drug Companies ($22.2 bil/Jan 2010): $2.3 billion annual tax on the industry imposed relative to share of sales made that year. Bill: PPACA; Page: 1,971-1,980
    5. Blue Cross/Blue Shield Tax Hike ($0.4 bil/Jan 2010): The special tax deduction in current law for Blue Cross/Blue Shield companies would only be allowed if 85 percent or more of premium revenues are spent on clinical services. Bill: PPACA; Page: 2,004
    6. Tax on Indoor Tanning Services ($2.7 billion/July 1, 2010): New 10 percent excise tax on Americans using indoor tanning salons. Bill: PPACA; Page: 2,397-2,399
    Taxes that took effect in 2011:
    7. Medicine Cabinet Tax ($5 bil/Jan 2011): Americans no longer able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin). Bill: PPACA; Page: 1,957-1,959
    8. HSA Withdrawal Tax Hike ($1.4 bil/Jan 2011): Increases additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent. Bill: PPACA; Page: 1,959
    Tax that took effect in 2012:
    9. Employer Reporting of Insurance on W-2 (Min$/Jan 2012): Preamble to taxing health benefits on individual tax returns. Bill: PPACA; Page: 1,957
    Taxes that take effect in 2013:
    10. Surtax on Investment Income ($123 billion/Jan. 2013): Creation of a new, 3.8 percent surtax on investment income earned in households making at least $250,000 ($200,000 single). This would result in the following top tax rates on investment income: Bill: Reconciliation Act; Page: 87-93

    Capital Gains
    Dividends
    Other*
    2012
    15%
    15%
    35%
    2013+
    23.8%
    43.4%
    43.4%

    *Other unearned income includes (for surtax purposes) gross income from interest, annuities, royalties, net rents, and passive income in partnerships and Subchapter-S corporations. It does not include municipal bond interest or life insurance proceeds, since those do not add to gross income. It does not include active trade or business income, fair market value sales of ownership in pass-through entities, or distributions from retirement plans. The 3.8% surtax does not apply to non-resident aliens.
    11. Hike in Medicare Payroll Tax ($86.8 bil/Jan 2013): Current law and changes:

    First $200,000
    ($250,000 Married)
    Employer/Employee
    All Remaining Wages
    Employer/Employee
    Current Law
    1.45%/1.45%
    2.9% self-employed
    1.45%/1.45%
    2.9% self-employed
    Obamacare Tax Hike
    1.45%/1.45%
    2.9% self-employed
    1.45%/2.35%
    3.8% self-employed

    Bill: PPACA, Reconciliation Act; Page: 2000-2003; 87-93
    12. Tax on Medical Device Manufacturers ($20 bil/Jan 2013): Medical device manufacturers employ 360,000 people in 6000 plants across the country. This law imposes a new 2.3% excise tax. Exempts items retailing for <$100. Bill: PPACA; Page: 1,980-1,986
    13. High Medical Bills Tax ($15.2 bil/Jan 2013): Currently, those facing high medical expenses are allowed a deduction for medical expenses to the extent that those expenses exceed 7.5 percent of adjusted gross income (AGI). The new provision imposes a threshold of 10 percent of AGI. Waived for 65+ taxpayers in 2013-2016 only. Bill: PPACA; Page: 1,994-1,995
    14. Flexible Spending Account Cap – aka “Special Needs Kids Tax” ($13 bil/Jan 2013): Imposes cap on FSAs of $2500 (now unlimited). Indexed to inflation after 2013. There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children. There are thousands of families with special needs children in the United States, and many of them use FSAs to pay for special needs education. Tuition rates at one leading school that teaches special needs children in Washington, D.C. (National Child Research Center) can easily exceed $14,000 per year. Under tax rules, FSA dollars can be used to pay for this type of special needs education. Bill: PPACA; Page: 2,388-2,389
    15. Elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D ($4.5 bil/Jan 2013) Bill: PPACA; Page: 1,994
    16. $500,000 Annual Executive Compensation Limit for Health Insurance Executives ($0.6 bil/Jan 2013). Bill: PPACA; Page: 1,995-2,000
    Taxes that take effect in 2014:
    17. Individual Mandate Excise Tax (Jan 2014): Starting in 2014, anyone not buying “qualifying” health insurance must pay an income surtax according to the higher of the following

    1 Adult
    2 Adults
    3+ Adults
    2014
    1% AGI/$95
    1% AGI/$190
    1% AGI/$285
    2015
    2% AGI/$325
    2% AGI/$650
    2% AGI/$975
    2016 +
    2.5% AGI/$695
    2.5% AGI/$1390
    2.5% AGI/$2085

    Exemptions for religious objectors, undocumented immigrants, prisoners, those earning less than the poverty line, members of Indian tribes, and hardship cases (determined by HHS). Bill: PPACA; Page: 317-337
    18. Employer Mandate Tax (Jan 2014): If an employer does not offer health coverage, and at least one employee qualifies for a health tax credit, the employer must pay an additional non-deductible tax of $2000 for all full-time employees. Applies to all employers with 50 or more employees. If any employee actually receives coverage through the exchange, the penalty on the employer for that employee rises to $3000. If the employer requires a waiting period to enroll in coverage of 30-60 days, there is a $400 tax per employee ($600 if the period is 60 days or longer). Bill: PPACA; Page: 345-346
    Combined score of individual and employer mandate tax penalty: $65 billion/10 years
    19. Tax on Health Insurers ($60.1 bil/Jan 2014): Annual tax on the industry imposed relative to health insurance premiums collected that year. Phases in gradually until 2018. Fully-imposed on firms with $50 million in profits. Bill: PPACA; Page: 1,986-1,993
    Taxes that take effect in 2018:
    20. Excise Tax on Comprehensive Health Insurance Plans ($32 bil/Jan 2018): Starting in 2018, new 40 percent excise tax on “Cadillac” health insurance plans ($10,200 single/$27,500 family). Higher threshold ($11,500 single/$29,450 family) for early retirees and high-risk professions. CPI +1 percentage point indexed. Bill: PPACA; Page: 1,941-1,956


    Read more: http://bit.ly/OFTRq5
    Sep 19, 2012. 10:19 PM | 2 Likes Like |Link to Comment
  • Obamacare is facing a backlash. 6M Americans, or roughly 2% of the current population, are going to wind up paying a penalty for failing to have health insurance when the impact of the 2010 health-care overhaul law is felt in 2016. That's more than previously projected, according to the CBO. 85% of the increase stems from changes in baseline projections since April 2010. The other 15% is due to the recent Supreme Court decision that upholds the law, but tells states they won’t be required to beef up their Medicaid programs. [View news story]
    Here’s a rundown of seven ObamaCare tax hikes that affects anyone earning BELOW $250k (I meant for upper middle class and lower).

    No. 1. The Individual Mandate Excise Tax. Starting in 2014, anyone not buying “qualifying” health insurance must pay an income tax surtax. It goes up each year until 2016 and beyond when a couple would pay a tax of the higher of $1,360 or 2.5% of adjusted gross income.

    No. 2. The Over-The-Counter Drugs Trap. Since Jan. 1, 2011, employees with health savings accounts, flexible spending accounts or health reimbursement accounts have no longer been able to use pre-tax funds stashed in these accounts to buy over-the-counter medicines for allergy relief and the like without a doctor’s prescription (there’s an exception for insulin).

    No. 3. The Healthcare Flexible Spending Account Cap. Starting Jan. 1, 2013, employees will face a $2,500 cap on the amount of pre-tax salary deferrals they can make into a healthcare flexible spending account. There is no cap under current law. In light of the new cap, employee benefits groups are lobbying for Congress to modify the use-it-or-lose-it rule that means employees forfeit unused funds in their accounts at the end of the plan year


    No. 4. The Medical Itemized Deduction Hurdle. Starting Jan. 1, 2013, taxpayers who face high medical expenses will only be allowed a deduction for expenses to the extent they exceed 10% of adjusted gross income, up from 7.5% now. Taxpayers 65 and older can still use the old 7.5% threshold through 2016. For how to score the medical expense deduction before 2013, click here.

    No. 5. The Health Savings Account Withdrawal Penalty. Since Jan. 1, 2011, taxpayers who withdraw money from health savings accounts for non-medical expenses before age 65 face a 20% penalty, up from 10% before.

    No. 6. The Indoor Tanning Services Tax. Since July 1, 2010, folks using indoor tanning salons face a new 10% excise tax. This one hasn’t been bringing in as much revenue as anticipated.

    No. 7. The Cadillac Health Insurance Plan Tax. Starting in 2018, there will be a new 40% excise tax on taxpayers who are covered by high-cost health insurance plans (with premiums at or above $10,200 for a single or $27,500 for a family). Insurers or employers who are self-insured will pay the tax, but it is expected to trickle down to mean higher costs for consumers.
    Sep 19, 2012. 10:18 PM | Likes Like |Link to Comment
  • Obamacare is facing a backlash. 6M Americans, or roughly 2% of the current population, are going to wind up paying a penalty for failing to have health insurance when the impact of the 2010 health-care overhaul law is felt in 2016. That's more than previously projected, according to the CBO. 85% of the increase stems from changes in baseline projections since April 2010. The other 15% is due to the recent Supreme Court decision that upholds the law, but tells states they won’t be required to beef up their Medicaid programs. [View news story]
    How many of you actually know what Obamacare actually means ? Its a 200 page document.
    Sep 19, 2012. 07:32 PM | 1 Like Like |Link to Comment
  • The Shale Gas Boom Is Destroying Railroads [View article]
    Read this: http://bit.ly/P0O1LN
    http://bit.ly/T5ObI3

    CNBC support Obama. What happens to socialists government, we all know. Euro is doomed for very same reason.
    Sep 19, 2012. 07:00 PM | 1 Like Like |Link to Comment
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