CBO: Obamacare Will Spend More, Tax More, and Reduce the Deficit Less Than We Previously Thought

CBO: Obamacare Will Spend More, Tax More, and Reduce the Deficit Less Than We Previously Thought

CBO: Obamacare Will Spend More, Tax More, and Reduce the Deficit Less Than We Previously Thought

Posted: 26 Jul 2012 06:30 PM PDT

Earlier this week, the Congressional Budget Office released its revised estimates of what Obamacare will cost, now that the Supreme Court has weighed in. As I read the report, it occurred to me to ask: how have the CBO's estimates changed over time? It turns out that, even when you compare the years that are common to each CBO report, a clear trend emerges. Today, the CBO believes that Obamacare will spend more money, raise more tax revenue, and reduce the deficit less than the agency thought in 2010. And things could get worse.


More empty stomachs in North Korea as Kim plans reforms

Posted: 26 Jul 2012 10:38 PM PDT

SEOUL (Reuters) - Talk that North Korea's young leader plans to reform the broken economy is already having an impact. It's helping send rice prices even further out of the reach of most families in one of the world's most under-fed societies.

Insight: Cautious on Syria, Obama moves to help rebels

Posted: 26 Jul 2012 10:11 PM PDT

U.S. President Obama speaks at Cabinet Meeting at the White House in WashingtonWASHINGTON (Reuters) - In his first year in office, U.S. President Barack Obama sent a letter to Syrian President Bashar al-Assad seeking a new start to a long-strained relationship. In his third year, Obama demanded that Assad step down. Now, nearing the end of his first term, with a presidential election looming in November, Obama is moving cautiously toward greater support for Syrian rebels, as international diplomatic efforts that had been Obama's first preference falter. ...

U.S. fears Syria preparing for massacre in Aleppo

Posted: 26 Jul 2012 10:28 PM PDT

Syrian refugees and local residents protest against Syrian President Assad in front of the Syrian Embassy in Amman, after performing night prayers during the holy month of RamadanAMMAN/BEIRUT (Reuters) - President Bashar al-Assad's forces renewed a ground and aerial bombardment of Aleppo on Friday, extending efforts to crush rebels in Syria's commercial capital in what the United States said it feared could become a massacre. Insurgents targeted army roadblocks and security installations, with both sides avoiding close-quarters warfare in the city of 2.5 million people, Syria's biggest urban centre. The U.S. ...

Insight: Cautious on Syria, Obama moves to help rebels

Posted: 26 Jul 2012 10:11 PM PDT

WASHINGTON (Reuters) - In his first year in office, U.S. President Barack Obama sent a letter to Syrian President Bashar al-Assad seeking a new start to a long-strained relationship.

U.S. fears Syria preparing for massacre in Aleppo

Posted: 26 Jul 2012 11:02 PM PDT

AMMAN/BEIRUT (Reuters) - President Bashar al-Assad's forces renewed a ground and aerial bombardment of Aleppo on Friday, extending efforts to crush rebels in Syria's commercial capital in what the United States said it feared could become a massacre.

Protesters blockade Mexico's biggest TV station

Posted: 26 Jul 2012 08:50 PM PDT

Protesters take part in a 'symbolic blockade' in front of broadcaster Televisa organized by student movement "Yo Soy 132" against Mexico's president-elect Enrique Pena Nieto in Mexico CityMEXICO CITY (Reuters) - Thousands of protesters on Thursday blockaded the studios of Mexico's most popular TV network, accusing it of biased coverage of the July 1 presidential election. Shouting "Tell the truth," the demonstrators, including students and union workers, stopped employees entering the offices of the Televisa studios in Mexico City although they allowed others to leave. The protesters allege that Televisa supported Enrique Pena Nieto, who won the election by almost 7 percentage points over leftist Andres Manuel Lopez Obrador. ...

Shhh, Don't Tell The Supermarkets: We're Unknowingly Drawn To The Center When Choosing Products

Posted: 26 Jul 2012 05:23 PM PDT

If you've ever spent time scratching your head in front of the row of washing detergents or the various iterations of orange juice, then walked off with one, but not really known why you made that choice, then read on. Chances are, you probably opted for the item slap bang [...]


Astronomers Discover A Solar System Similar To Our Own

Posted: 26 Jul 2012 05:21 PM PDT

Astronomers using NASA's Kepler space telescope have discovered a solar system where the planets orbit the star similar to the way they do in our own solar system. This is the first time such planets have been discovered.


Milosevic ex-ally to become Serbia's PM

Posted: 26 Jul 2012 08:17 PM PDT

Serbia's prime minister designate, Ivica Dacic, front, speaks to members of the parliament in Belgrade, Serbia, Thursday, July 26, 2012. Dacic, the wartime spokesman of late strongman Slobodan Milosevic, who has shifted away from the former patron but has also kept some of his trademark features, is set to become Serbia's new prime minister on Thursday, triggering unease despite his proclaimed pro-EU policies. (AP Photo/ Marko Drobnjakovic)As Serbia's parliament prepared to elect Ivica Dacic as prime minister, the former wartime spokesman for Slobodan Milosevic tried to dispel concern that his government could push this country back into the nationalism of the late strongman's era.

Can a New Kind of Fast Food Bring Healthy Green Eating to the Masses?

Posted: 26 Jul 2012 04:55 PM PDT

English: McDonalds' sign in Harlem. (Photo credit: Wikipedia) Mike Roberts, a former CEO of McDonalds, has a new restaurant called Lyfe Kitchen that he hopes will make fast food healthy and green. An excellent article in Wired details his plans, the heart of which is a stunning amount of technology that reinforces [...]


Borderlands Is Free To Play On Steam This Weekend Only

Posted: 26 Jul 2012 04:40 PM PDT

Video Borderlands 2 launches September 18th. Confession: I never played the first one, I'm ashamed to say, but I aim to remedy this tomorrow because Borderlands: Game of the Year Edition is free to play on Steam through Sunday the 29th. That's the full game plus the DLC: Borderlands: The Zombie Island of Dr. Ned Borderlands: [...]


Protesters blockade Mexico's biggest TV station

Posted: 26 Jul 2012 09:08 PM PDT

MEXICO CITY (Reuters) - Thousands of protesters on Thursday blockaded the studios of Mexico's most popular TV network, accusing it of biased coverage of the July 1 presidential election.

It's Pretty Much America's Pool

Posted: 26 Jul 2012 06:56 PM PDT

With the U.S. swim team projected to win 12 gold medals and 28 overall in London, it appears to be almost as dominant in the sport as China is in table tennis.


Twitter suffers second outage in five weeks

Posted: 26 Jul 2012 07:38 PM PDT

Twitter blames data centre problems for brief global outage a day before Olympics kick-off.


Enough Already! "Some Music That I Used To Love," A Meta-Parody of Gotye Parodies

Posted: 26 Jul 2012 04:22 PM PDT

Video A couple of weeks ago I curated a set of  videos lampooning Gotye's "Somebody That I Used To Know," and I thought I was done. Enough Already! But no good deed goes unpunished. Now there is a parody video that references all of the other parody videos: Darth Vader, the [...]


Texas Entrepreneurs Tell President Obama: 'I Built This'

Posted: 26 Jul 2012 04:13 PM PDT

Don't tell these folks they should thank government for what they have.


US fears Syria planning massacre in Aleppo

Posted: 26 Jul 2012 09:57 PM PDT

The US says it appears that forces loyal to the Syrian President are "lining up" for an attack on the city of Aleppo.


China-Canada oil deal raises political hackles in Washington

Posted: 26 Jul 2012 10:10 PM PDT

A woman walks past the entrance of the headquarters of China National Offshore Oil Corp in BeijingWASHINGTON (Reuters) - The U.S. government should block a bid by China's state oil company CNOOC for Canadian oil company Nexen until China's government provides fair access for U.S. companies that want to invest in China, a top Democratic senator plans to tell Treasury Secretary Timothy Geithner on Friday. In a draft letter obtained by Reuters, Charles Schumer, the Senate's No. ...

Exclusive: Colombia plans 185.5 trillion pesos in spending in 2013 - source

Posted: 26 Jul 2012 06:51 PM PDT

CARTAGENA, Colombia (Reuters) - Colombia plans budgetary spending for next year of 185.5 trillion pesos ($103 billion), 12.2 percent higher than in 2012, a senior government source told Reuters on Thursday. Latin America's fourth-largest economy expects growth to stay steady in 2013 at 4.8 percent, the same level as the expansion target for this year as a cycle of rate hikes begins to cool the Andean nation's gross domestic product. The senior government source gave no details on the budget, which the finance minister is expected to present on Friday. ...


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