Two economists reported Tuesday in a Wall Street Journal op-ed that President Joe Biden is cutting Medicare benefits through the so-called Inflation Reduction Act, which cuts payments for prescription drugs for seniors.
President Biden has accused Republicans of scheming to cut Medicare. In fact it is his signature legislation, the Inflation Reduction Act, that will lead to benefit cuts and premium increases for seniors. Medicare’s popular drug-coverage program is headed for a painful amputation.
The private plans participating in Medicare’s prescription-drug program, known as Part D, currently draw on three sources of revenue to finance prescriptions: out-of-pocket payments from patients, premium payments made by plan members, and subsidies from the federal government. In 2025, under the Inflation Reduction Act, both government subsidies and out-of-pocket payments by patients are scheduled to be cut sharply. The difference will have to be made up by premiums. But the statute inhibits this third revenue source, which is also subsidized, from increasing more than 6%. That’s hardly enough to cover inflation, let alone compensate for the other two revenue losses.
Iran and Turkey have started trading electricity for a first time, says an Iranian Energy Ministry official, amid Iran’s plans to launch power exports to European countries via the Turkish grid.
A spokesman of Iran’s state electricity company Tavanir said on Wednesday that Iran and Turkey had started trading 600 megawatts (MW) of electricity after successfully synchronizing their power grids.
Mostafa Rajabi said electricity trading between Iran and Turkey uses a modern technology that will protect electricity transfer between the two countries from frequency disruptions.
Rajabi said under the power trading arrangement between Iran and Turkey, each side will supply electricity to the partner power grid for 3.5 days of the week, adding that the amount of electricity traded could increase if the current pilot project is successful.
The Russian State Duma at its Wednesday session approved the second reading of a bill banning propaganda of non-traditional sexual relations, pedophilia and information capable of causing someone to seek gender reassignment surgery.
About 400 legislators, including Duma Speaker Vyacheslav Volodin, are among the bill’s authors. As Volodin noted during the meeting, the bill is being approved exclusively in the interests of Russians. "We should do everything in order to protect our children and those who want to lead a normal life," he emphasized.
The document provides for a ban on propaganda of non-traditional relations, pedophilia as well as a ban on disseminating information about LGBT in the media, on the internet, and in commercials, books and movies. It also includes a ban on statements which may induce teenagers to gender reassignment surgery on the Internet, in the media and in books, audiovisual services, movies and commercials.
As of 10:12 AM eastern US time on Wednesday, there is an ongoing and massive missile attack by the Russian Armed Forces on Ukraine. Air Raid Alert Sirens are sounding in all the red colored areas on the map above. What is known at 16:00 (Moscow Time):
In the afternoon, the RF Armed Forces again launched a series of strikes on targets on Ukrainian territory. The targets were once again elements of the country's energy infrastructure.
Kiev: a series of missile arrivals and explosions. TETs-5 in Vydubychi and TETs-6, which were already the target of attacks in October, were preliminarily hit.
In the left-bank part of the city, power outages began, water supply was completely lost, and the metro stopped working.
Nikolaev: explosions in the city, the city is de-energized. Local resources reported problems at the South Ukrainian NPP and an emergency shutdown of power units, which indirectly indicates the defeat of the 750 kV substation.
Odessa: explosions in Belyavsky district, power supply was lost throughout the region.
A St. Louis chiropractor could face more than $500 billion in civil penalties through a federal lawsuit that alleges that he profited from selling vitamin D and zinc products in violation of the COVID-19 Consumer Protection Act.
US/Western regimes abhor truth and full disclosure.
Where they go, so do their MSM co-conspirators.
Nothing they report on major issues can be taken at face value.
Mind-manipulating fake news is their stock and trade.
The self-styled newspaper of record, NYT, has been featuring state-approved fake news over the real thing since the mid-19th century.
By supporting Nazified Ukraine’s war on what’s now Russian territory since spring 2014, the Times and other MSM hit rock bottom.
In its latest fake news edition, the Times continued to pretend that battered and beaten Ukraine is advancing against overpowering Russian firepower.
The Times, other MSM and regimes they serve consistently ignore US-orchestrated and directed state terror by dominant Ukrainian Nazis, notably against residential communities and Russia’s Zaporozhye NPP.
Have you checked on the health of your investments lately? If not, you may be surprised to find out where things currently stand. As the “everything collapse” accelerates, trillions upon trillions of dollars of wealth is being wiped out. Many that thought that they were financially set for the rest of their lives are now in panic mode as asset values rapidly crumble. Just look at what happened to Sam Bankman-Fried. He was worth 16 billion dollars coming into this month, and now the value of his assets has been “reduced to zero”. In fact, when you factor in all the money that he owes to creditors, it is likely that his net worth is actually less than zero.
FTX’s “first day” affidavit has finally hit the docket (22-11068, U.S. Bankruptcy Court for the District of Delaware), and what this reveals, among other things, is that the so-called “auditing” process behind the failed cryptocurrency exchange was severely lacking at best.
The left-wing radical behind the heavily criticized 1619 Project took to Twitter to mock an Asian activist who raised concerns about subway safety in New York City — and as you might guess, lapdog leftists who follow Nikole Hannah-Jones on the social media platform were only too eager to pile on after her.
A failed Republican candidate for a state House seat in South Dakota has had a tumultuous time the last few weeks. First, he lost the midterm election race to his own mother, and now he has been accused of viciously raping a woman multiple times in a bar bathroom.
A former soldier used the training he learned in the U.S. Army to help subdue the suspect in the horrific shooting at a gay nightclub in Colorado Springs over the weekend, saving perhaps "dozens and dozens of lives."
Prior to the epic collapse of his crypto exchange company, FTX founder Sam Bankman-Fried made a name for himself as a Democrat megadonor, second only to leftist billionaire George Soros in the last election cycle. Democrat lawmakers are now facing pressure to return millions of dollars in political donations, particularly as FTX faces scrutiny for the possible misuse of funds and defrauding customers.
A Walmart store manager in Chesapeake, Virginia, went on a shooting spree late Tuesday night, killing seven people including himself. One witness claimed the shooter had targeted other managers and was laughing in the process.
David French is at it again. The conservative commentator whose screeds against white evangelical voters have become as commonplace on Sundays as hymns and communion has been busy lately doing what he does best: chastising Christians and blaming Donald Trump for America’s woes.
A man pictured with a Nazi flag at the Freedom Convoy may have been planted by a Liberal-friendly PR firm, according to a lawyer representing Freedom Convoy organizers.
Brendan Miller, the lawyer representing Freedom Corp., has claimed that an employee of Liberal-connected PR firm Enterprise Canada, Brian Fox, was seen with a Nazi flag during the protests earlier this year.
This shocking announcement seems to have confirmed the suspicions of many; that the participants seen carrying Nazi flags were actually part of a false flag operation concocted by the Liberal government to smear peaceful protesters.
Miller told the Public Order Emergency Commission (POEC) on Monday that the person holding a Nazi flag on the first weekend of the Freedom Convoy was Brian Fox of the crisis communications firm Enterprise Canada.
If you were unprepared during the Texas power crisis of 2021, learn from your mistakes and start prepping today. Don’t wait until the next disaster before you get more food and water for your stockpile.
If you’re worried about a winter power outage in your area, learn how to effectively stay warm without power so you can keep your family safe and comfortable after disaster strikes. (h/t to TheSurvivalMom.com)
Well, if there was any doubt former Twitter heads were lovers of all things woke…
New Twitter CEO Elon Musk shared a video on Tuesday showing a closet filled with #StayWoke t-shirts that he discovered at Twitter HQ —hundreds of shirts with the slogan available in multiple colors.
Musk seemingly finds the whole thing hilarious.
According to Not The Bee, “The phrase ‘Stay Woke’ was mainstreamed after the Ferguson riots in 2014, when the media ran with the lie that black teen Michael Brown said ‘Hands up, don’t shoot’ before he was brutally murdered by a white cop.”
“The truth, of course, is that Brown was attacking the officer and never said those words, but the word ‘woke’ was used as a badge of honor for the new cult that wanted to use Brown’s death as a flashpoint to give America a communist makeover.”