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Money and Markets: Investing Insights

Weiss Daily Reader: Twitter Kills Account Critical of Obamacare, Hedge Fund Fined $1.8 Billion, Alzheimer’s Possibly Gets a Cure

The Money and Markets Team | Tuesday, November 5, 2013 at 8:57 am

The following is a rundown of the day’s news drawn from other media sources with topics curated just for Weiss Research readers: Obamacare, personal freedom, immigration, life-saving technology and more.

Obamacare

Twitter Keeps Suspending Account Critical of Obamacare
The Twitter account quickly gained steam and had over 1,000 followers before the company suspended it.

Lawmakers Push to Keep Obama’s Health-Care Pledge
“Many people may find better plans in the marketplaces that offer superior coverage for them at a good value and at a potentially lower cost. But if people want to keep their current plans, they should be able to do so.”

Obama: “What We Said Was You Can Keep It if It Hasn’t Changed Since The Law Passed”
“The bottom line is that we are making the insurance market better for everybody and that’s the right thing to do,” Obama said.

In Virginia, Obamacare Is Central to Cuccinelli’s Closing Argument
“I’m scared to death of what Obamacare is doing to Virginians.”

Affordable Care Act Could Be Further Hamstrung By Shortage Of Doctors
“It will be inferior care. They (patients) will end up going to clinics, to situations where they don’t have their own private physician.”

Business and technology

Twitter Faces Skeptical Investors
Twitter plans to make its Wall Street debut this week and, surprisingly, 52 percent of people ages 18 to 34 say investing in the company’s stock is not a good idea.

Americans Say America is Still No. 1, For Now
When asked which country is “world’s dominant economic power,” 28 percent of Americans chose China, while 59 percent picked the U.S.

Could a Laser Zap Away Alzheimer’s, Parkinson’s and Even CJD? 
Researchers say they have made a discovery that may allow them to eradicate Alzheimer’s disease, Parkinson’s disease and Creutzfeldt-Jakob disease using light therapy.

Hedge-Fund Giant SAC Capital to Pay $1.8 Billion Penalty
The federal government has effectively shut down a hedge fund giant with a deal requiring it to plead guilty to criminal fraud charges and pay a record $1.8 billion, proving that no financial institution is “too big to jail.”

Apple Opening Arizona Plant With 2,000 Workers
“We are proud to expand our domestic manufacturing initiative with a new facility in Arizona, creating more than 2,000 jobs in engineering, manufacturing and construction,” said a spokeswoman for Apple.

Personal safety and freedom

ShotSpotter Detection System Documents 39,000 Shooting Incidents in The District
Computer program analyzes the acoustic signature, classifies the source, pinpoints the suspected location to within a few yards and notifies police.

Civil Rights Leaders React to Virginia Candidate Who Refuses to Shake Opponent’s Hand
“I would hope that his refusal to shake hands had nothing to do with the color of his opponent’s skin,” Dr. Alveda King, the niece of Martin Luther King Jr., said.

Limo Firm Hacked; Politician, Celeb Data Breached
Customers include Donald Trump, who required a new car with a clear front seat; LeBron James, who was picked up at an entrance for athletes at a Las Vegas sports arena; and Colorado Sen. Mark Udall, who was traveling to Boston with golf clubs.

FBI Seeks Video Recognition Technology to Automatically ID Suspects
The desired connect-the-dots abilities include computing the degree of similarity among pedestrians, graffiti designs, buildings in the background of photos, and other recurring images in videos and stills.

Food-Stamp Fraud: Beneficiaries Illegally Sell EBT Cards On Craigslist, Social Media Sites
It’s a welfare fraud scheme costing U.S. taxpayers $750 million a year.

Immigration

Lobbyists for Restaurant Chains Grease Wheels for Immigration Bill
The National Council of Chain Restaurants argued that, despite unprecedentedly high unemployment rates, the industries it represents somehow need more workers.

Two Immigration Protesters Arrested on Capitol Hill
“It is sad these undocumented immigrants come to their congressmen for help and are welcomed by the police,” said Claudia MuÅ„oz, an activist with Texas Undocumented Youth Alliance.

Best wishes,

The Money and Markets’ Team

Previous post: Is the Stock Market Rally About to End? Ask the Bond Market

Next post: What, Me Worry? Yes, Investors, You Ought to Be Scared

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