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Fisher Storms on the Horizon Part 11 of 18 |
| By Webmaster,
on September 25, 2008 06:21 PM
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Views : 30 |
Favoured : 6 |
Published in : The News, Delta Sites |
Please sit tight while I walk you through the The Definitive Guide to Swing Trading math of Medicare. As you may know, the program comes in three parts: Medicare Part A, which covers hospital stays; Medicare B, which covers doctor visits; and Medicare D, the drug benefit that went into effect just 29 months ago. The infinite-horizon present discounted value of the unfunded liability for Medicare A is $34.4 trillion. The unfunded liability of Medicare B is an additional $34 trillion. The shortfall for Medicare D adds another $17.2 trillion. The total? If you wanted to cover the unfunded liability of all three programs today, you would be stuck with an $85.6 trillion bill. That is more than six times as large as the bill for Social Security. It is more than six times the annual output of the entire U.S. economy.
Why is the Medicare figure so large? There is a mix of reasons, really. In part, it is due to the same birthrate and life-expectancy issues that affect Social Security. In part, it is due to ever-costlier advances in medical technology and the willingness of Medicare to pay for them. And in part, it is due to expanded
Last update: September 25, 2008 06:21 PM
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Selling Our Services to the World Part 17 of 17 |
| By Webmaster,
on September 25, 2008 11:42 AM
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Views : 27 |
Favoured : 7 |
Published in : The News, Delta Sites |
We in Dallas, like you here in Chicago, are working diligently to sell our services to the rest of the world. Progressive cities all over this great country are making yet another sweeping transitionthis time, to thinking and acting globally in the services arenathat promises to pave a path that will allow us to remain the worlds premier economy for many, many years to come.
Charlie, let me conclude by going back to my books and quoting another CharlieCharles Eliot, who was Harvards president for 40 years. He once said, Books 1 Option Trading are the quietest and most constant of friends; they are the most accessible and wisest of counselors and the most patient of teachers. I hope that in the essay you will find in the little, accessible book that is our annual report some wise counsel and a quiet but reassuring ray of sunshine for this otherwise dark and impatient world.
Last update: September 25, 2008 11:42 AM
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Federal Reserve and Monetary Policy Part 5 of 13 |
| By Webmaster,
on September 24, 2008 09:42 PM
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Views : 28 |
Favoured : 7 |
Published in : The News, Delta Sites |
Occasionally the public feared that banks would not or could not honor the promise to redeem these notes. Believing that a particular banks ability to pay was questionable, a large number of people in a single day would demand to have their banknotes exchanged 1 Option Trading for gold or silver. This was called a bank run, and the fear that these runs created often spread, causing runs on other banks and general financial panic.
Runs and Financial Panic. During a run, even the healthiest and most conservative bank could not redeem all of its notes at once. Banks then, just as now, used most of the money deposited with them to make loans. As a result, the money was not sitting in the banks vaults but was circulating in the community. In other words, the banks may have been solvent but not liquid. So when a bank run occurred, many times a bank had to close because it could not exchange the large number of notes presented in a single day.
Bankers tried to prepare for increasing depositor withdrawals by building up their reserves of gold or silver and by restricting credit. They stopped making loans, and panic ensued Last update: September 24, 2008 09:42 PM
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