A tax or not a tax, that is the question

 

~ Under the Affordable Care Act (ACA), individuals who choose not to buy health insurance in 2014 or after will need to make a “shared responsibility payment,” which is called a “penalty” in the ACA.

~ While I agree with most of the Court’s holdings, I do not agree with the finding that the penalty is a tax and is therefore constitutional.

 
~ In my opinion, the Supreme Court’s ruling on the ACA is unfortunate, as it could legitimize less transparency in legislating rather than more…. Continue at source:

A tax or not a tax, that is the question

Tablets and the next tech bubble

On the last day of the second quarter, the major indexes tracked global markets sharply higher today after a two-day summit in Brussels resulted in a plan to ease borrowing costs in Europe. The Dow rose 277 points, the Nasdaq gained 85, and the S&P 500 added 33. Twenty-nine of the Dow’s 30 components gained ground, with JPMorgan Chase (JPM) the sole laggard, slipping 0.42%. Volume was moderate, and advancers led decliners by about six to one on both the NYSE and the Nasdaq. The prices of Treasuries fell, while gold futures added 3.4% to $1,604.20 an ounce. Oil futures spiked 9.3% to $84.96 a barrel.

 

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Tablets and the next tech bubble

How stable is cable? (podcast)

Video subscriptions to cable companies have stagnated. Yet, some cable companies have managed to deliver pleasant earnings surprises. And growth. That’s nice. How are they doing it, and what’s the opportunity for investors? Here to explain is Ann Miletti, managing director and lead portfolio manager with the Core Equity team at Wells Capital Management.

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How stable is cable? (podcast)

Pushed toward a step in the right direction

Chief Portfolio Strategist Dr. Brian Jacobsen, CFA, CFP®, and Chief Equity Strategist John Manley share their thoughts on this week’s European Union summit.

Although details are lacking, which we should be used to by now with these summits, today’s news from Europe seems to be a step in the right direction. Instead of having the European Stability Mechanism (ESM) lend money to governments, who then would need to recapitalize their banks, the ESM is going to bypass the national governments and inject capital directly into the banks. This should help governments’ balance sheets from getting leveraged up as they attempt to bailout their overly leveraged banks.

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Pushed toward a step in the right direction

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