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Money and Markets: Investing Insights

Money and Markets Daily Reader: Health-Care Website Worse after ‘Fix,’ Shopping Spree Turns Into Killing Spree, Republicans Push for Amnesty

The Money and Markets Team | Wednesday, December 4, 2013 at 10:11 am

The following is a rundown of the day’s news drawn from other media sources with topics curated just for Money and Markets readers: Obamacare, personal security and freedom, and immigration!

Obamacare

Expert: Healthcare.gov Security Risks Even Worse After ‘Fix’
“We found a number of critical exposures that were around sensitive information, the ability to hack into the site, things like that. We reported those issues and none of those appear to have been addressed at all.”

WH Won’t Even Give Classified Briefings on HealthCare.Gov Security Problems
“They could not even provide someone in a classified setting to come up and talk about the breaches that they know have happened,” Rogers said on Fox News on Monday. “That’s just unconscionable.”

Expert Testifies to Congress that Obama’s ‘Ignoring Laws’ Could Lead to Overthrow of Government
“That is certainly something that no one wants to contemplate,” he continued. “If the people come to believe that the government is no longer constrained by the laws then they will conclude that neither are they.”

Obama: We’re Not Repealing Obamacare ‘as Long as I’m President’
Hours earlier, critics led by conservative Republicans on Capitol Hill, said the law’s problems extend far beyond the website and the only solution is to repeal the entire law.

Obamacare Merry-Go-Round: Regulations, Subsidies, Taxes, More Subsidies
Whenever Obama sees a problem, he proposes a regulation. When that regulation hurts someone, he proposes a subsidy. That subsidy, in turn, justifies a new tax or regulation, then more bailouts.

Personal security and freedom

Shopper Sues Macy’s, Says Held in New York Store Jail Cell
The New York Times in 2003 described a private jail in the department store which contains “two chain-link holding cells. People, some of them minors, are led to this room every day, where they are body-searched, photographed and then handcuffed to a long steel bench.”

11-Year-Old & 14-Year-Old Try to Rob Wal-Mart Shopper at Knifepoint
“It’s not like it used to be. The holiday shopping’s not even fun anymore. You have to watch what’s going on around you more than you can actually shop and see what’s going on,” said Desmond Taylor.

California Man Killed Over Playstation Console, Suspect Arrested
Ikenna Uwakah, 22, was shot in his vehicle when he arrived at a meeting place with his girlfriend to make the sale. The girlfriend was not injured and the console was taken, according to the San Francisco Chronicle.

Annapolis Mall Victoria’s Secret Fight Suspects Sought
It started when a 17-year-old girl alleges that two women accused her of “poking her in the eye.” At that point, one woman pushed her to the floor and began punching, and a short time later, the second person began punching her in the head.

Guardian Editor: We’ve Only Published 1% of Snowden Files
Guardian editor Alan Rusbridger on Tuesday vigorously defended his decision to publish a series of articles based on the secret files leaked by Edward Snowden, stating that the right to continue pursuing the story goes to the heart of press freedoms and democracy in Britain.

Immigration

Boehner Prepares to Push Amnesty Bill Through House
Boehner has become a key figure in the immigration debate. He faces immense pressure from immigrant rights activists who want legalization and from House Republicans who are warning him not to pursue legalization until the border is more secure.

New Boehner Hire Supports Path to Citizenship
House Speaker John Boehner’s new staffer in charge of immigration policy has significant experience in drafting immigration legislation and pushing for reform. She wouldn’t be coming to Boehner’s office if House Republicans weren’t serious about doing something on the issue.

Immigration Reform Votes Will be Held After Filing Deadlines Have Passed
An aggressive timeline for passing comprehensive immigration reform may become a reality based on two significant developments on Capitol Hill, sources say.

Cantor Relentless in Push for Amnesty for Illegal Alien Youth
Cantor described the push for the KIDS Act, something that would reportedly legalize the status of illegal aliens who are somehow determined to have been brought to America by no fault of their own.

Rep. Gutierrez: Obama ‘Should Be Expanding His Prosecutorial Discretion’
Gutierrez praised the president’s decision to not to enforce the immigration laws for some children of illegal immigrants, saying that if one of them was dangerous or caused harm, Republicans would hold that person up as an example of how the president’s policy does not work.

Best wishes,

The Money and Markets Team

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