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World News / Re: Ukraine 4
« Last post by Hoodat on Today at 05:44:55 am »
Russian Orlon-10 surveillance drone taken down by Ukrainian Yak-52.


https://twitter.com/NOELreports/status/1784253644646318248
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Politics/Government / Re: California to try State Run Health Care - Again
« Last post by DB on Today at 04:53:32 am »
They just don't learn...

Controlling costs was the excuse for the heavy regulation of home and car insurance. Now they've got a major insurance crisis with carrier after carrier exiting the state.

When what they do causes problems, they'll just do more to "fix it".

Better to watch from a distance...

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Politics/Government / California to try State Run Health Care - Again
« Last post by HikerGuy83 on Today at 04:42:51 am »
https://ktla.com/news/california/california-lawmakers-once-again-introduce-universal-healthcare-bill/

California lawmakers have once again introduced a universal health care bill after unsuccessful attempts in the past. 

The bill’s latest iteration, formally known as AB 2200, would establish the framework for a single-payer, state-run coverage system called CalCare to control health care costs for all Californians.

While I am not opposed to the idea, it's clear to me that CA will not do this well.

And for a state already in trouble, this can't be good.

If they control costs they will lose doctors.
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The Fed didn't flip.  They never said they would cut rates.  That was wishful thinking pushed by investors and brokers.  Do not expect any rate cut between now and election day.

You don't think they'd do it to help the Democrats for the election? It is all about timing... Too soon and the inflation that comes with it will kick in before the election. Too late and the burst of spending will be after the election... I think they'd burn down the country to keep Democrats in power.
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I will assume you are from Kentucky.  I grew up in a neighboring coal state.


I could not disagree more.  Government needs to stay the hell out instead of doing its usual failure at picking winners and losers.


I am more interested in the number of people who are harmed by ag subsidies.


How did those Solyndra subsidies turn out?  And when did Intel become so broke that they needed the government to build a plant for them?  Intel can afford their own plant.  And any plant requiring subsidies from the government isn't really viable to begin with.  Check back in five years and we'll see if that plant still has 10-14k jobs paying $135k.  I will bet you dollars to donuts that they will not.  In fact, I would be surprised if that plant is even open five years from now.

The sudden burst of chip maker subsidies is due to China threatening Taiwan. They're building fabrication facilities 24/7 in Arizona and other places to move critical high-end chip making out of Taiwan as quickly as possible.
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