In a growing number of states, Medicaid directors have come to believe they could save money by housing the homeless. The federal government is providing money to find out if they’re right. There’s good reason to think this is an experiment worth trying. The idea arose from two developments. First, Obamacare’s drastic expansion of eligibility for Medicaid coverage has ...
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UAE’s carbon capture project commendable
The UAE is stepping up use of innovative technologies to bring about reduction in its carbon footprint. On Saturday, it started a carbon capture, utilization and storage (CCUS) project that will take out 800,000 metric tons of carbon dioxide annually. The technology will not just capture CO2, but also enhance oil recovery and liberate gas. This facility is one ...
Read More »High Court doesn’t care if the people want Brexit
Striking a blow against popular sovereignty by referendum, the U.K. High Court of Justice held on Thursday that Britain can’t leave the European Union without an act of Parliament. Because British constitutional thought is so different from its U.S. and European equivalents, the decision will be difficult for the U.K.’s Supreme Court to overturn. It’s now much more likely ...
Read More »Anonymous trolls are what’s crippling Twitter
I love Twitter. I use it every day. I’ve made a number of friends using the service, and often have interesting exchanges with an even larger number of colleagues and smart people. It has been essential to my career; it’s hard to imagine doing my job without Twitter or some similar tool for connecting with the public. But Twitter Inc. ...
Read More »This bull market has room to keep on running
Barry Ritholtz Are we in a short-term cyclical bull market, one that is already long in the tooth and coming to an end? Or are we in the early years of a secular bull market, one that might last a decade or more? The answer could have a significant impact on how your portfolios perform during the next few ...
Read More »The real national embarrassment for US
However this election turns out, the 2016 campaign for the White House will undoubtedly be remembered for its vulgarity, mean-spiritedness and mendacity. It has been a national embarrassment. But a parallel failing is less noticed: the unwillingness of both candidates — Hillary Clinton and Donald Trump — to come to grips with national problems that are staring them in ...
Read More »No one cares what economists have to say about Trump
This week, there have been not one, but two open letters by some of the most eminent economists in the U.S., urging the American public not to vote for Donald Trump. One letter, published in the Wall Street Journal, was signed by 370 economists, including eight Nobel prize winners. It slams Trump for questioning the accuracy of economic data, ...
Read More »US needs ugly pictures on cigarette packs, too
Graphic images of diseased lungs, rotting teeth and people smoking through tracheotomy holes aren’t the best way to sell cigarettes. Which is exactly why they feature so prominently on cigarette packs in dozens of countries — and should in the U.S. as well. More than seven years ago, Congress mandated such labels, covering at least half of the fronts ...
Read More »UK, India must chalk out a fresh trade deal
The High Court ruling that a parliamentary nod is required to trigger Article 50 — the formal procedure for the UK to leave the EU — may have come as a shock for the British government, but Prime Minister Theresa May has said that her government was confident of winning the appeal against the verdict in the Supreme Court ...
Read More »What Brexit does and doesn’t say about American election
As the U.S. election campaign nears its climax, Donald Trump is amping up his claim that the failure of opinion polls to predict the U.K.’s June vote to leave the European Union presages a similar surprise in his favor on Tuesday. While there are some lessons to be learned from the Brexit referendum, other conclusions aren’t backed by the ...
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