When we explained yesterday the next steps in the Dilma Rousseff impeachment process, we predicted that "Brazil's problems are only just starting" for several reasons, chief among them being that the man who is now Brazil's next active president, Michel Temer, is almost as unpopular as the president he is replacing, and is stained by scandals of his own.
Submitted by Mish Shedlock of MishTalk
Healthcare insurers are already taking it on the chin. Some insurers got out of the healthcare business entirely, others stopped coverage in multiple states due to mounting losses.
What happened is healthy individuals, especially millennials decided to opt out of Obamacare. Those who opted in after having been denied coverage previously were high-cost individuals.
Adding fat to the fire, a federal court ruled today that “cost sharing reductions” to insurers are unconstitutional payments.
Following today's Brazilian Senate vote, which as reported earlier was expected to vote overwhelmingly to endorse Dilma Rousseff's impeachment and did just that in a 55-22 vote, Rousseff appealed to the public in a televized broadcast and condemned the move to impeach her as a "coup" and a "farce", denying she has committed any crimes.
When most Americans think about agriculture, they picture a small mom and pop farm with a few hundred acres and a small group of happy cows. Few realize that small agricultural enterprises are far from the norm today: as Leah Douglas wrote for Pacific Standard yesterday, “just four companies control 65 percent of pork slaughter, 84 percent of cattle slaughter, and 53 percent of chicken slaughter. Milk production is largely shaped by one large processor, Dean Foods, and one large cooperative, Dairy Farmers of America.” What are the practical results of this?
Ever since he officially took office on May 9, London's first Muslim mayor Sadiq Khan wasted no time in criticizing and attacking Donald Trump's proposed Muslim ban. Several days ago, the presumptive candidate told the New York Times that he was happy to see Mr Khan elected, saying it could be "very, very good." However, the pleasantry was not returned, and instead Khan said Trump's "ignorant" view of Islam could make both Britain and the US less safe, which ironically implies more potential terrorist attacks by Muslims in both the US and the UK.