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GEG Commentary

Canada: Ontario’s New Government to Abandon Socialist ‘Basic Income’ Experiment

August 2, 2018 Daily Wire 2

‘Universal basic income’ is a socialist scheme that takes money from taxpayers and redistributes it to mostly non-taxpayers. Stockton, a city in California, will spend $900,000 over 18 months to subsidize 100 residents with $500 monthly. [We expect the program to become permanent in California, however, because legislators there do not care if a program is too expensive or unsustainable so long as it gets them elected.] […]

Money

Las Vegas: MGM Sues Victims of Mass Shootings and Denies Responsibility!

July 18, 2018 ZeroHedge 0

MGM is claiming that a 2002 federal law extends liability protection to any company that uses ‘anti-terrorism’ technology or services that can prevent and respond to mass violence, and MGM hired security for the concert that was certified by the Department of Homeland Security.  A victims’ attorney says that only the security company is protected from liability under the federal law and MGM is still on the hook for liability.  […]

Health

Health Insurance Rates to Skyrocket after Federal Court Ruling against Obamacare that Takes Money from the Healthy to Fund High-Cost Plans

July 11, 2018 ZeroHedge 1

The Trump administration is halting billions in payments to health insurance companies after a federal court in New Mexico ruled that the federal government was using an inaccurate formula for allocating payments from the risk adjustment program of Obamacare that takes funds from plans with lower-risk healthy enrollees and gives it to plans that cover people who need more care and are expected to have high medical costs.  […]

Money

Haiti: Protesters Rioted as Government Attempted to Raise Fuel Prices, 4 Dead, Americans Still Stranded

July 9, 2018 Time 0

Haiti: Riots erupted after the government attempted to raise fuel prices. At least three people are dead. Protesters tried to set a hotel on fire that had 120 American guests. Multiple Christian youth groups from the US are stranded, while dozens more remained marooned at the airport, unable to return to their hotels or other accommodations due to the blockage of streets and lack of transportation. […]

Money

US on Brink of Trade War as Trump Announced $50 Billion in Tariffs Against Chinese Imports

June 15, 2018 Newsmax 1

President Trump is following through on his threat to implement tariffs on $50 billion in Chinese imports, and China has vowed to retaliate. The tariffs are in response to an investigation that accused China of stealing US intellectual property in order to dominate the development of advanced technology. The US imported $505 billion of goods from China last year and exported about $130 billion, leaving a 2017 deficit of $376 billion. […]