A Short History Of American Panics, Recessions, Depressions (2)

Dow Jones IndexBlah blah blah can’t remember what we did and then we went for supper at Ciao Italia! A couple of additional considerations occur to me. There is a conceptual flaw in defined benefit plans in that the funding requirements assume that the company will continue in business and be able to make actuarily required contributions to the fund in order to provide the pensions promised to its employees. I recall reading recently that only three companies from the Dow Industrials in the 1930s survive today or are still in the Dow Jones Industrials: GE, Exxon and one other. The Dow Jones Industrial averages reached an all-time high of 18,292 in May, 2015.

The plans provided by many employers charge excessive administrative fees and offer investment options in mutual funds that are operated more for the benefit of the mutual fund company rather than for the benefit of the employee investors. All of these companies are small to medium family owned companies with reputation and good connection in corridor of power. Small Project – These are typical projects of small to medium scale real estate developer companies. They’ve also hacked industrial targets like oil, gas, and telecommunications companies.

Morpho, a.k.a. Wild Neutron, is a well-funded group that has executed dozens of high profile hacks since 2011 on tech, pharmaceutical, and investment companies. They’ve also compromised very common computer systems often with physical access or cooperation with network or hardware companies. They are known to force companies to insert vulnerabilities into their own systems for TAO to exploit.

But due to cost savings from the Affordable Care Act and lower healthcare expenses, Medicare’s trust fund will now remain stable until the year 2030 without cutting benefits. The Affordable Care Act requires insurance companies to spend at least 80% of collected premiums on healthcare. As a result, millions of Americans have received refunds from their health insurance companies.

I’m quite sure Forbes, the Washington Post, Dow Jones, Gallup Poll and the Wall Street Journal are not pro-Obama publications. Democrats proposed a bill to take tax incentives away from companies for outsourcing jobs to other countries. As the chart in the BI article illustrates, the spike in part-time employment happened long before passage of the ACA and many years before the implementation of the actual employer mandate.Dow Jones Index

Dow Jones Index