China Knows How to Take Away Your Health Insurance

A sobering thought in the potential role of AI in health insurance. In a nutshell, you take away Obamacare provisions for covering everybody, and the means to pay for it via the individual mandate, we will be left with only healthy and wealthy people with insurance. Those who need insurance simply won’t be able to afford health insurance premiums, even if they find an insurer willing to accept them as a customer.

I wonder how many people who voted for this anti-Obamacare Trump Administration are now on the path of being without health insurance?

-Dr. Moore

China Knows How to Take Away Your Health Insurance
https://www.bloomberg.com/view/articles/2019-06-14/china-knows-how-to-take-away-your-health-insurance

Stop Trump on Trade

This article points out two glaring hypocrisies in Congress:

1. The Republican profession of “free markets” vs. support of this Administration’s trade war and associated restrictions.

2. The Republican complaints of presidential overreach during the Obama presidency vs. silence on the matter as Trump routinely invokes emergencies and executive orders to circumvent the very congress they say shouldn’t be circumvented.

All are subject to hypocrisy – Democrat, Republican, Independent, and so on. I am not saying other party members are perfect. But Bloomberg does point out some glaring hypocrisies that have damaged, are damaging, and will further damage the United States. I echo the sentiment that Congress should stop playing politics, choose the right actions, and do the job our taxes are paying then to do.

-Dr. Moore

Stop Trump on Trade
https://www.bloomberg.com/view/articles/2019-05-31/mexico-tariffs-trump-s-latest-move-on-trade-is-dangerous

This Japanese Toaster Costs $270. It Only Makes One Slice at a Time

On a lighter subject… To think I’ve been toasting bread incorrectly my entire life. Let me know if you buy one – so I can come over and try a slice.

This Japanese Toaster Costs $270. It Only Makes One Slice at a Time
https://www.bloomberg.com/news/articles/2019-05-16/this-japanese-toaster-costs-270-it-only-makes-one-slice-at-a-time

Trump Mulls 6-Month Window for EU, Japan to Curb Auto Sales – Bloomberg

One paragraph in this Bloomberg article boggles the mind:

`A report by the Commerce Department had found that America’s innovation capacity “is now at serious risk as imports continue to displace American-owned production.” Trump was facing a May 18 deadline to make a decision on auto tariffs. “The lag in R&D expenditures by American-owned firms is weakening innovation and, accordingly, threatening to impair our national security,’’ according to the draft executive order.’

So, US companies under-invest in R&D, put out lower quality and/or undesirable cars, Americans buy quality and desirable cars from companies that do invest in R&D (BMW, Toyota), and now we need to apply tariffs to the cars Americans purchase because of “national security”??? Meanwhile, we de-invest in education at home and restrict immigration of hard working and skilled labor. Oh, and American consumers bear the costs of tariff’s (see this article: HTML).

Pardon the pun here, but I hope that vision will clear and delusion will subside in “2020.”

-Dr. Moore

https://www.bloomberg.com/news/articles/2019-05-15/trump-weighs-6-month-deadline-for-eu-japan-to-curb-auto-exports

Trump Mulls 6-Month Window for EU, Japan to Curb Auto Sales

Jenny LeonardMay 15, 2019, 6:24 PM PDT
Photographer: Qilai Shen/Bloomberg

David J. Moore, Ph.D.
Associate Professor of Finance
California State University, Sacramento
david.j.moore

These Are the Highest Paying Jobs for the Class of 2019

More evidence why I actively incorporate R programming in the curriculum now and python in the future. It was good to see some students take advantage of the option to use R during the final exam today. May they retain and develop some of the knowledge and familiarity with dat analysis.

-Dr. Moore

These Are the Highest Paying Jobs for the Class of 2019
https://www.bloomberg.com/news/articles/2019-05-15/big-data-skills-earn-high-pay-for-today-s-college-graduates

Yes, Trump Tariffs Are Costing Billions. No, China Isn’t Paying

More on trade wars and tariffs. Is there a better way to address the disagreements between the two countries? Or should we try to figure out how to profit from what could be a prolonged trade war?

I bet US hedge funds are already on top of that approach…

Yes, Trump Tariffs Are Costing Billions. No, China Isn’t Paying https://www.bloomberg.com/news/articles/2019-05-07/trump-china-tariffs-who-pays

Explainer: Who pays Trump’s tariffs – China and other exporters or U.S. customers? – Reuters

This article does a pretty good job of explaining who pays tariffs. What is not discussed is what the US government does with tariff revenue. While investing in education or healthcare would be a nice idea, the US budget deficit is so large ($310 billion, https://www.bloomberg.com/news/articles/2019-03-05/u-s-budget-deficit-widens-77-percent-as-revenue-declines) that an extra 10 or 20 billion in tariffs won’t solve the deficit problem.

Anybody buy a washing machine lately?

https://www.reuters.com/article/us-usa-trade-tariffs-explainer/explainer-who-pays-trumps-tariffs-china-and-other-exporters-or-u-s-customers-idUSKCN1SB0UF