Running Out of Other Peoples’ Money


At the end of 2016, the unaffordable Affordable Care Act requires that the state-run Obamacare exchanges operate without any federals subsidy. The Hill reports that states are now trying to find ways to keep the schemes solvent.

A number of states are quietly considering merging their healthcare exchanges under ObamaCare amid big questions about their cost and viability.

Many of the 13 state-run ObamaCare exchanges are worried about how they’ll survive once federal dollars supporting them run dry next year.

Read the whole thing.

The Collapse of the Ruble/The Collapse of Putin


Henry Meyer and Ilya Arkhipov have post over at Bloomberg dealing with the mutual collapse of the ruble and possible slide of Putin’s internal credibility.

The meltdown of the ruble, which has plunged 18 percent against the dollar in the last two days alone, is endangering the mantra of stability around which Putin has based his rule. While his approval rating is near an all-time high on the back of his stance over Ukraine, the currency crisis risks eroding it and undermining his authority, Moscow-based analysts said.

This strikes me as very dangerous.

Read the whole thing.