...and even insurance companies got in on the act. US health insurers sued the government for denying their claims—apparently failing to see any irony—saying that they are owed $12 billion for losses in connection to Obamacare's "risk corridors."
I couldn't help chortling in court today when the attorney for a bunch of US health insurers complained that there was nothing more pernicious than an insurance program that won't pay what's promised. HA! Americans would have had a good laugh if cameras were allowed in the courtroom. But they are not
I couldn't help chortling in court today when the attorney for a bunch of US health insurers complained that there was nothing more pernicious than an insurance program that won't pay what's promised. HA! Americans would have had a good laugh if cameras were allowed in the courtroom. But they are not so few got a chance to see insurers fighting the US government for allegedly promised funds and experiencing what the insured feel when dealing with health institutions.
China confirmed the Wuhan coronavirus can pass between people. The pneumonia-like virus has infected more than 200 people in six Chinese cities and in four countries, just ahead of the Lunar New Year holiday travel season.Quartz
The UN expects global unemployment to rise for the first time in nearly a decade. The international organization’s report also found 473 million people are currently struggling to find work that can finance their needs in a world of growing inequality.the Guardian
An impeachment trial in the Senate
Trump called impeachment hearings “an affront to the Constitution.” The US president’s legal team issued a 110-page brief, arguing that Trump shouldn’t have been impeached because he didn’t commit a criminal offense. The brief called for a quick acquittal in the Senate, where proceedings begin on Tuesday.NBC News
Alexander Hamilton dispensed of Trump’s impeachment defense in 1788. The current president and his defenders' contentions about impeachable offenses were anticipated and addressed in the seminal 18th century essay "Federalist No. 65."Quartz
Trump claims to love originalism. But his impeachment defense doesn't reflect a genuine understanding of the Constitution or the founding fathers' original thinking on impeachment, despite his avowed interest and respect.
I took a look at Federalist No. 65, Alexander Hamilton's seminal essay on impeachment
I took a look at Federalist No. 65, Alexander Hamilton's seminal essay on impeachment that happens to debunk Trump's current defenses and shows his comparisons with criminal trials are bogus.
The next level of gaming
A third of the world plays video games. As the global gaming industry grows, it’s influencing much more than ever how we spend our free time. This week’s membership field guide takes a look at the state of gaming and its impact on our lives from entertainment to government and health care. ✦Quartz
Everyone wants in on your finances
What's going on at Davos?
Trump's $3.4 million Davos bill will be his highest yet. The US president’s trip to the World Economic Forum is just two days long, but taxpayers will be shelling out millions to pay for his car rentals and hotel costs. The total doesn’t include security costs, salaries, or flights aboard Air Force One.Quartz
You're more likely to find a North American at Davos than a woman. Just 24% of attendees are women—which is, admittedly, an improvement over last year's 22% and 2014's 15%. The World Economic Forum has vowed to double the percentage of women at Davos by 2030.Quartz
The Lunar New Year in Hong Kong
Cross-border movements ahead of Brexit
The UK gets a post-Brexit financial bump. One thousand firms from the EU plan to set up offices in Britain to continue serving local customers, a sign the country remains attractive as a financial services hub—despite the hard departure prime minister Boris Johnson has negotiated.Reuters
How to fix the US childcare system
Give every family $15,000. That’s the main argument in a new book by Elliot Haspel, an education policy expert and former teacher. Like public K-12 education, fire departments, and roads, childcare should be treated as a public good—and free of charge.Quartz
The 2020 US presidential election has made clear that America's defective childcare system has reached a breaking point. And while you'll find many people to tell you how and why it got to be this way, there are few who will give you concrete solutions to fix it. Elliot Haspel, ed policy advocate and
The 2020 US presidential election has made clear that America's defective childcare system has reached a breaking point. And while you'll find many people to tell you how and why it got to be this way, there are few who will give you concrete solutions to fix it. Elliot Haspel, ed policy advocate and author of a new book on the issue—Crawling Behind: America’s Childcare Crisis and How to Fix It—is one of them.
He advocates for every family in America to receive a yearly $15,000 credit to invest in the care option of their choice, including staying at home with their child if they choose. I talked to Haspel about the mechanics of his plan for a Universal Child Development Credit, and about why its details matter less than the message it sends: That society should invest in the young at a time when they are most primed to learn.
I am fascinated by the going assumption that all services needs to be provided by taxpayers. In the next ten years, the number of people available to be tax payers is going to be in parity with those needing funds. In ten years, per the US Census, 20% of the US population will be under the age of 18
I am fascinated by the going assumption that all services needs to be provided by taxpayers. In the next ten years, the number of people available to be tax payers is going to be in parity with those needing funds. In ten years, per the US Census, 20% of the US population will be under the age of 18, 23% will be over the age 65. This means 43% of the population is probably not working or working for excellent wages. Those who are working will be required to pay for another person as we are almost in parity with those who cannot work.
There are three choices that remain: we take care of our own; we combine resources based on common interests (aka the non-profit or church based solutions); or we accept the solutions provided by government. Note: this will have to apply to the care of our children and our parents.
All about the coronavirus
Coronavirus has spread to six cities in four countries. The spike in cases of the pneumonia-like illness comes as China prepares for the lunar new year holiday, one of its busiest travel seasons.Quartz
How to snub Jeff Bezos, Modi-style
The Modi government snubbing Amazon's chief is just bad business. The e-tailing giant comes with its issues but Jeff Bezos' company has also done India much good, bringing innovation and creating jobs. Forgetting that could prove costly.Quartz India
Juxtapose this with India's boycott of palm oil purchases from Malaysia, and it becomes clear that political agenda is getting in the way of good economics.
Atleast the US-China trade war has economics at its core. India's snub to foreign firms and sovereign countries based on political considerations is just bad economics.
This government is an unending festival of pettiness. The grave danger this unique trait of its was posing to India's society and politics till now is now spreading to its economy. Rahul Bajaj was spot on.
The impact of Amazon on India's economy needs to be fully analyzed. What's good fo Amazon may not be what is best for India.
A more efficient supply chain and distribution network could seriously disrupt society by eliminating multiple layers of distribution ,suppliers and manufacturers. What will
A more efficient supply chain and distribution network could seriously disrupt society by eliminating multiple layers of distribution ,suppliers and manufacturers. What will be benefit to India if the labor markets are disrupted and if prices rise to protect corporate profit margins?
I don't have any idea what any of the answers are but despite the politicians and media there are plenty of qualified people in India who will be studying these issues.
The Luanda Leaks expose looting
Western advisors helped an Angolan autocrat's daughter amass and shield a shadowy fortune. Leaked documents, shared with Quartz and other media, detail how major consulting, accounting, and law firms helped Isabel dos Santos build an empire on insider deals, preferential loans, and public money.Quartz Africa
This is one example... interested in more? Read “Moneyland” by Oliver Bullough - a comprehensive and insightful view into how the system works and who benefits from it.
Kleptocrats eventually find ways to funnel their money where it makes more money: Wall St, London, etc... And there is an entire value
Kleptocrats eventually find ways to funnel their money where it makes more money: Wall St, London, etc... And there is an entire value chain set up to enable and reap the rewards of this money coming into the market.
Building a better workplace
Infosys president Ravi Kumar has some tips. The future belongs to those who can learn to learn, learn to unlearn, and learn to relearn, Kumar says. Here are three points to ponder as we try to help the workforce learn better.Quartz
Be sure to share in the laughter
A social activist’s radical plan to use human relationships to fix the broken economyQuartz
The sorry state of US dental insurance led to the rise of direct-to-consumer orthodontiaQuartz
Here’s a smarter way to save money and energy in your homeQuartz
Will Nirmala Sitharaman’s budget let Indian aviation fly again?Quartz India
Indians spent over 3.5 hours on their smartphones every day in 2019Quartz India
African countries are trying to work together to stop a borderless fake drug problemQuartz Africa
Like unchecked growth, economic decline too can have environmental fallouts in IndiaQuartz India
Who’s in Davos? A brief summary in tables and mapsQuartz
Zomato flags off 2020 with a sumptuous Uber Eats orderQuartz India
The confidential list of everyone attending the 2020 World Economic Forum in DavosQuartz