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  • Japan’s Nikkei Goes on Wild Ride for Second Day May 24, 2013
    Japan's stock market witnessed a second-straight day of heightened volatility on Friday. […]
  • Earthquake Hits Russian Far East May 24, 2013
    A magnitude 8.2 earthquake struck Russia'a Far East. […]
  • Draghi: 'We Need More, Not Less Europe' May 24, 2013
    Mario Draghi, head of the European Central Bank (ECB) insisted that the euro zone was more stable than a year ago. […]
  • EU Rushes Out Corporate Tax Transparency Law May 24, 2013
    Big companies' tax affairs in Europe are to be opened up to greater public scrutiny, the FT reports. […]
  • Choppy Bond Markets Put Japan Banks on Edge May 24, 2013
    The volatility in the Japanese government debt market has unnerved investors in domestic banks. […]
  • Japan Bulls Unwavered by Market Rout May 24, 2013
    Investor optimism over the outlook for the Japan's stock market remains unshaken. […]
  • P&G Brings Back Lafley to Replace CEO May 23, 2013
    P&G brings back former CEO to replace the person who replaced him. […]
  • Boy Scouts to Admit Gay Youth May 23, 2013
    After years of resistance and internal debate, the Boy Scouts has decided to admit openly gay youths as members. […]
  • Pandora Shares Jump After Revenue Beat May 23, 2013
    Pandora reported revenue and an outlook that beat market expectations. Shares gained in the after-hours. […]
  • Shakeup at Embroiled IRS Unit May 23, 2013
    Lois Lerner, the IRS official at the center of the alleged Tea Party targeting, has been placed on administrative leave. […]
  • Cramer: 2 Laggards Worry Bernanke May 23, 2013
    Bernanke would never admit to it, but Cramer is convinced he’s worried about these two laggards. […]
  • Sears Shares Drop 13% After Big Loss May 23, 2013
    The department-store chain saw its loss more than quadruple, a big miss. Shares fell sharply after-hours. […]
  • House Votes for Market-Based Rates May 23, 2013
    House of Representatives on Thursday voted to switch federal student loan interest rates to a market-based system. […]
  • Google Faces New Antitrust Probe: Report May 23, 2013
    Federal regulators start new antitrust investigation of the company. […]
  • Gap's Earnings Beat Forecasts May 23, 2013
    Clothing-store chain Gap delivered earnings and revenue that beat expectations, an encouraging sign for the retail sector. […]
  • ISS Settles Charges With SEC May 23, 2013
    Institutional Shareholder Services will pay $300,000 to settle civil charges about sharing nonpublic information. […]
  • Expect a Busy Hurricane Season May 23, 2013
    Federal weather forecasters say the 2013 hurricane season could be extremely active and spawn up to 20 tropical storms. […]
  • Apply Here: Rust Belt Tempts Immigrants May 23, 2013
    Rust Belt cities are trying to attract immigrant entrepreneurs to help boost their economies, the Fiscal Times reports. […]
  • Mobile Devices Are Sitting Ducks: Pros May 23, 2013
    Many users don't take steps to protect themselves and their data on their smartphones and tablets. […]
  • Ally Triples Offer for ResCap Claims May 23, 2013
    Putting the issue behind it will help Ally focus on auto lending and repaying the government for a $17 billion bailout. […]

• BBC Front Page

  • Japanese stocks see further falls May 24, 2013
    Shares in Japan have fallen again, adding to the global sell-off in shares seen on Thursday. […]
  • India soldiers die in Kashmir ambush May 24, 2013
    Three soldiers are killed in an ambush by suspected militants in the Pulwama district of Indian-administered Kashmir, officials say. […]
  • Stockholm riots throw spotlight on Swedish inequality May 24, 2013
    Riots highlight Sweden's inequalities […]
  • Woolwich attack 'hard to prevent' May 24, 2013
    Preventing the killing of a British soldier on a London street would have been "incredibly hard", MI6's former head of counter-terrorism says. […]
  • Obama defends 'just' drones war May 24, 2013
    President Obama defends the use of drones as a "just war" of self-defence against deadly militants, and a campaign that has made America safer. […]
  • VIDEO: One-minute World News May 24, 2013
    Watch the latest news summary from BBC World News. International news updated 24 hours a day. […]
  • US road bridge falls into river May 24, 2013
    Three people have been rescued after part of a road bridge collapsed into the Skagit River in the US state of Washington, officials say. […]
  • Richard III buried in 'untidy grave' May 24, 2013
    The remains of King Richard III, discovered under a city car park, were buried in a "hastily dug, untidy grave", researchers reveal. […]
  • Kirk approves Scottish coronations May 24, 2013
    The Church of Scotland's General Assembly approves a call to crown monarchs in both England and Scotland, should Scotland becomes independent. […]
  • Was there genocide in Guatemala? May 24, 2013
    Fresh tussle over legacy of Guatemala's civil war […]
  • Japan PM Abe heads to Burma May 24, 2013
    Japanese Prime Minister Shinzo Abe heads to Burma for economic talks - in the first visit by a Japanese PM since 1977. […]
  • Boat pair killed by generator fumes May 24, 2013
    A mother and daughter who died after falling ill on a boat in the Lake District were killed by generator fumes, an investigation finds. […]
  • 'Active' US hurricane season seen May 24, 2013
    US forecasters predict an "active or extremely active" Atlantic hurricane season of seven to 11 hurricanes, up from the average of six. […]
  • Bombers hit Niger barracks and mine May 24, 2013
    Suicide bombers target a military camp and a French-run uranium mine in north-western Niger leaving at least 20 people dead, officials say. […]
  • Foul weather hits US tornado cleanup May 24, 2013
    Recovery efforts in an Oklahoma city hit by a huge tornado are hampered by thunderstorms, as the first victim's funeral is held. […]
  • US Boy Scouts to allow gay members May 24, 2013
    The Boy Scouts of America organisation votes to accept openly gay scouts, after a divisive campaign pitting liberals against some religious groups. […]
  • Sex education 'must counter porn' May 24, 2013
    In an age when "extremely violent and sadistic imagery is two clicks away", school sex education is struggling to keep pace, suggests a study. […]
  • Quiz of the week's news May 24, 2013
    The Magazine's weekly quiz of the news, 7 days 7 questions. […]
  • Ecuador satellite space crash fears May 24, 2013
    Space engineers in Ecuador are trying to establish if the country's only satellite has been damaged in a crash with space debris. […]
  • India IPL cricket fans despair over spot-fixing claims May 24, 2013
    India cricket fans distraught over IPL fixing claims […]

• Human Events News Feed

  • Holder personally authorized Fox News surveillance
    It keeps getting worse.The post Holder personally authorized Fox News surveillance appeared first on Human Events. […]
    John Hayward
  • IRS and military: unlikely to scale back any time soon
    There has been a subtle shift in America from honoring our military and its necessary role to a more Sparta-like embrace of militarism.The post IRS and military: unlikely to scale back any time soon appeared first on Human Events. […]
    Steven Greenhut
  • Target of London machete attack identified as 25-year-old father with a 2-year-old son
    Meanwhile, US media finds itself comically incapable of identifying his murderers.The post Target of London machete attack identified as 25-year-old father with a 2-year-old son appeared first on Human Events. […]
    John Hayward
  • Issa: Petraeus said what Administration wanted
    The most critical question.The post Issa: Petraeus said what Administration wanted appeared first on Human Events. […]
    Allan H. Ryskind
  • Is Christian Persecution just a ‘myth’?
    Today’s persecution is a clear indicator of yesterday’s persecutionThe post Is Christian Persecution just a ‘myth’? appeared first on Human Events. […]
    Raymond Ibrahim
  • Stockholm is burning
    More fun with machetes, as a police shooting ignites rage at a fading welfare state.The post Stockholm is burning appeared first on Human Events. […]
    John Hayward
  • The other NRA sets up $1B stick up of gas stations, convenience stores
    Restaurants, FDA about to slam non-restaurants with new Obamacare rules.The post The other NRA sets up $1B stick up of gas stations, convenience stores appeared first on Human Events. […]
    Neil W. McCabe
  • Solution to London machete terror attack: ban uniforms
    When you're pulling troops of your own streets, the enemy is winning.The post Solution to London machete terror attack: ban uniforms appeared first on Human Events. […]
    John Hayward
  • Low-skilled Worked Get Raw Deal Under Obamacare
    Obamacare's architects seem to misunderstand the concept of insurance. The post Low-skilled Worked Get Raw Deal Under Obamacare appeared first on Human Events. […]
    Michael Barone
  • Obama May Survive, but Scandals a Blow to Left
    Republicans should not lose focus.The post Obama May Survive, but Scandals a Blow to Left appeared first on Human Events. […]
    David Harsanyi

Obamacare: Taxes & States: A Taxing State!

  ‘Side Effects: States Will Feel the Effects of Obamacare’

By Kathryn Nix, The Heritage Foundation / 4-08-10

The national health reform rammed through Congress is giving state officials headaches. Writing in The Wall Street Journal, Indiana Governor Mitch Daniels outlines several problems states will have to deal with as a result of Obamacare.  For example, Daniels now faces the prospect of terminating a popular insurance program for low-income Indiana residents. The “Healthy Indiana Plan” includes health savings accounts that have been widely popular with the program’s participants. Due to new health care law, however, Indiana will most likely have to dump the “Healthy Indiana” enrollees into Medicaid.

Moreover, the Legislature will probably have to hike state taxes. Though federal funds will cover–initially—the medical cost of expanding Medicaid rolls, the states must cover the additional administrative costs. And the feds won’t cover the extra health costs forever. In later years, states have to pick up the tab of expanding benefits as well. At the end of the day, the Medicaid expansion will prove far more costly than “Healthy Indiana.”

Continue Reading . . .

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  • Fear of art sale sparked by Detroit emergency manager asking for appraisal
    DETROIT (Reuters) - As part of his efforts to solve Detroit's financial crisis, the city's emergency manager Kevyn Orr has asked for an appraisal of the collection at the Detroit Institute of Arts, sparking fears in artistic and philanthropic circles that he means to auction off the city's artistic jewels. […]
  • Bridge collapses in Washington state, sending cars into river
    OLYMPIA, Washington (Reuters) - Part of a four-lane freeway bridge over a river in a rural area north of Seattle collapsed on Thursday, sending vehicles and people into the frigid water below, authorities said. […]
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  • Boy Scouts of America votes to end century-old ban on gay scouts
    GRAPEVINE, Texas (Reuters) - The Boy Scouts of America voted on Thursday to lift a century-old ban on openly gay scouts in a major victory for gay rights activists, but the decision means a sea of change for an organization that depends heavily on faith-based groups. […]
  • Pentagon sees doubled cost for rocket launch program
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  • Father of Chechen shot by FBI says he thinks son was tortured
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  • Boy Scouts of America vote ends long-standing ban on gay scouts
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  • Father of Chechen shot by FBI says he thinks son was tortured
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  • In deeply religious Oklahoma, prayer brings solace after tornado
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  • Lawsuits seek more than U.S. acknowledgement of drone killings
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  • Obama orders review of guidelines for probing journalists
    WASHINGTON (Reuters) - President Barack Obama said on Thursday he directed Attorney General Eric Holder to conduct a review of Department of Justice guidelines for investigations that involve journalists and report back by early July. […]
  • California reveals prices for health insurance under Obamacare
    LOS ANGELES (Reuters) - California unveiled prices on Thursday that consumers will pay for a selection of health plans offered through the state under the Affordable Care Act, providing a glimpse into how health care reform may look as it is rolled out across the nation. […]
  • Parents sue Pittsburgh Zoo over toddler's mauling death
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  • Maine Medicaid expansion passes but governor sets veto
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  • Local lawyer named to corruption fighting Chicago prosecutor job
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• UPI News

  • McCain out of touch with Senate GOP, Cruz says
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  • Stockholm suburbs beset by 5th night of violence
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  • Zeta leader admits killing ICE agent in Mexican ambush
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  • Man pleads guilty to manslaughter of pedophile
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