Doctors driven to bankruptcy

Doctors driven to bankruptcy.

What is amazing about this article about the recent spike in doctors filing for bankruptcy is how it somehow never mentions Obamacare at all. The closest the author comes is a mention of “changing regulations.” How informative!

If the author was a good journalist, which he isn’t, it should have been self evident that the advent and effects of Obamacare has to be included in this story, if only to give it the proper context.

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The coming Obamacare chaos

The coming Obamacare chaos.

The article is a very detailed summary of the many problems caused by Obamacare, from increased unemployment to loss of healthcare insurance to higher premiums to higher debt. Everyone should read it. However, the most important question is laid out in the very first paragraph:

The biggest political problem faced by so-called โ€œliberalsโ€ and so-called โ€œprogressivesโ€ in President Obamaโ€™s second term is how to prevent voters from holding them politically responsible as the public comes to realize how badly they were lied to during the first Obama term to win passage of Obamacare.

It is going to be the number one priority of all Democratic politicians and their allies in the mainstream press to somehow find a way to blame Republicans for Obamacare. The question will be whether they will succeed.

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The scientists who attempted to re-invent Michael Mann’s hockey stick global warming graph and were caught fudging their data have admitted their data is worthless

The scientists who attempted to re-invent Michael Mann’s hockey stick global warming graph and were caught fudging their data have essentially admitted that their data is worthless.

This is what they say in a FAQ they have added to their paper:

Q: What do paleotemperature reconstructions show about the temperature of the last 100 years?

A: Our global paleotemperature reconstruction includes a so-called “uptick” in temperatures during the 20th century. However, in the paper we make the point that this particular feature is of shorter duration than the inherent smoothing in our statistical averaging procedure, and that it is based on only a few available paleo-reconstructions of the type we used. Thus, the 20th century portion of our paleotemperature stack is not statistically robust, cannot be considered representative of global temperature changes, and therefore is not the basis of any of our conclusions. [emphasis mine]

They are basically admitting that the data used to create the temperature rise of their hockey stick during the past 100 years is unreliable and therefore useless for scientific purposes. Which raises the question: Why did they publish it in the first place? See especially this analysis of this paper and the press’s reaction to it by climate scientists Roger Pielke.

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North Korea says it has authorized plans for nuclear strikes against the United States.

Bad: North Korea says it has authorized plans for a nuclear strike against the United States.

But, while Pyongyang has successfully carried out test nuclear detonations, most experts think it is not yet capable of mounting a device on a ballistic missile capable of striking US bases or territory. Mounting tension in the region could however trigger incidents on the tense and heavily-militarised border between North and South Korea. There was no immediate American reaction to the North’s latest statement, but US Defense Secretary Chuck Hagel said Pyongyang represented a “real and clear danger” to the United States and to its allies South Korea and Japan. [emphasis mine]

Right now North Korea almost certainly cannot hit the U.S. with an ICBM. However, South Korea and Japan are very very very exposed.

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North Korea on Wednesday closed access to the Kaesong Industrial Park, a joint factory zone with South Korea.

Bad news: North Korea on Wednesday closed access to the Kaesong Industrial Park, a joint factory zone with South Korea.

Experts on the Korean situation had noted that we shouldn’t take seriously the harsh language coming out of North Korea as long as Kaesong was in operation. Thus, this news is very bad indeed.

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An audit of California’s fiscal state has found it to be $127 billion in the red.

The day of reckoning looms: An audit of California’s fiscal state has found it to be $127 billion in the red.

Were California’s state government a business, it would be a candidate for insolvency with a negative net worth of $127.2 billion, according to an annual financial report issued by State Auditor Elaine Howle and the Bureau of State Audits. The report, which covers the fiscal year ending June 30, 2012, says that the state’s negative status — all of its assets minus all of its liabilities — increased that year, largely because it spent more than it received in revenue. [emphasis mine]

None of this is a surprise. California voters chose Jerry Brown and the Democrats to lead them into more debt.

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