Markets News 

Turkey’s central bank promises ‘all necessary measures’ to save its financial system amid lira collapse

“The Central Bank will closely monitor the market depth and price formations, and take all necessary measures to maintain financial stability, if deemed necessary,” the TCMB said” writes Business Insider Australia for businessinsider.com. Turkish banks will be allowed to borrow foreign exchange deposits in one-month maturities, in addition to one-week maturities.”In the framework of intra-day and overnight standing facilities, the Central Bank will provide all the liquidity the banks need,” the TCMB said.SYDNEY, AUSTRALIA — The Central Bank of the Republic of Turkey (TCMB) has pledged to maintain stability in…

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Americans looking for long overdue healthcare cost relief must speak out in favor of these new plans with their voices and their wallets.

“Can short-term and association-style health plans, recently permitted by the Trump administration, help reduce healthcare expenses for ordinary Americans?” reports washingtonexaminer.com. Today, the average worker pays almost $1,400 more per year for employer-sponsored health insurance than he did five years ago.Currently, healthcare is prohibitively expensive, with the average household spending at least 7 percent of take-home pay on health insurance alone.In 2014, rising prices forced more Americans to substitute their expensive complete coverage for short-term insurance. Source: washingtonexaminer.com Share This:

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Trump’s new short-term health insurance rule is a major victory for young people and working families

“Under the new rule, people will be allowed to purchase short-term, limited-duration health insurance plans for periods as long as 12 months” writes Ap Photo Darron for washingtonexaminer.com. Last Wednesday, Health and Human Services Secretary Alex Azar announced a finalized rule granting consumers greater access to affordable health insurance policies.Short-term health insurance plans are significantly cheaper than most Obamacare plans because they don’t include many of the costly essential health benefits mandated under federal law and because they are sold for a limited duration.It’s great to finally have a presidential…

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Alex Azar denies HHS is ‘sabotaging’ Obamacare, which he calls flawed

“The administration on Wednesday finalized a new regulation that expands the duration of short-term plans from 90 days to 12 months” writes Ap Photo Alex for washingtonexaminer.com. A short-term plan is cheaper than a plan sold on Obamacare’s insurance marketplace on the individual market because it can offer fewer benefits than an Obamacare plan.New efforts to expand the duration of short-term plans and access to association health plans, he said, will not cause people to flee Obamacare’s exchanges, as numerous experts have predicted. “The ACA is sabotaging itself by its…

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Trump’s plan to reshape the healthcare system without repealing Obamacare is coming together

“President Donald Trump’s plan to reshape Obamacare without repealing the law continued Wednesday, as his administration rolled out its final plan to expand the use of skinny, short-term health insurance coverage” writes Bob Bryan for businessinsider.com. Short-term plans represent the latest step in the Trump administration’s aim to reshape the healthcare system despite the failure of the GOP’s attempts to completely repeal Obamacare:.  Source: businessinsider.com Share This:

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Trump agrees to let insurers sell cheaper health plans than ObamaCare

“The Trump administration on Wednesday said it will allow insurers to sell short-term health care plans as a cheaper option to ObamaCare but the policies will not cover maternity care, prescription drug costs or pre-existing conditions” reports nypost.com. The administration expects about 600,000 people to enroll in a short-term plan in 2019, with as many as 200,000 dropping out of ObamaCare to take advantage of the cheaper coverage.According to estimates, the administration said short-term plan premiums could be about a third of the cost of comprehensive coverage – about $160…

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Trump extends short-term plans offered as a way out of Obamacare

“The Trump administration has said that people who fall into this category are unlikely to leave their Obamacare plans” writes Ap Photo Alan for washingtonexaminer.com. Six million additional people are also expected to enroll in another option, known as association health plans, beginning Sept. 1. Source: washingtonexaminer.com Share This:

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This startup aims to fill a major gap in the financial life of freelancers

“Among the insurance products Freelancers Union offers is long-term disability insurance from mutual life insurance company Guardian” writes Jacob Passy for marketwatch.com. Trupo, which launched Tuesday, is a new insurance company that specializes in short-term disability insurance for freelancers and other self-employed people.Paying for short-term disability insurance, therefore, could free up freelancers to put their savings toward other purposes including retirement, Horowitz said.Members can still get insurance coverage through Freelancers Union, though the plans are run by other companies.The company is co-owned by Freelancers Union, a non-profit organization providing advocacy,…

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News Stocks 

There’s a simple way to profit if one of Wall Street’s most-feared recession signals is triggered soon

“If the yield curve inverts, expect the bears to come out to play” writes Akin Oyedele for businessinsider.com. Reuters There’s no recession indicator more talked about right now than a yield curve inversion.Wall Street has been captivated as the curve, which plots the difference between long and short-term bond yields, has slid to its lowest levels since the financial crisis.But it signals downturns because it shows the Federal Reserve is raising interest rates too aggressively, lifting short-term yields above long-term ones.CLSA finds that bond proxies, stocks with bond-like yields, have…

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‘There Is No Alternative’ trade loses luster as short-term bond yields hit 10-year high

“The trade “does have a bit of legs to it,” said Kim Rupert, managing director of global fixed income analysis for Action Economics” writes Jeff Cox for cnbc.com. In particular, the three-month Treasury bill’s yield crossed 2 percent recently, the first time that has happened in more than a decade.After a decade in which short-term cash and equivalents earned next to nothing, that part of the market has now begun to pick up and offer legitimate returns for those looking for safety in an uncertain environment.Short-term government debt has been…

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