Ohio lost 112,500 jobs due to trade with TPP countries

(Hat tip: KimR) - Ohio lost 112,500 jobs in 2015 resulting from the United States' trade deficit with countries that are part of the Trans-Pacific Partnership agreement, according to an analysis by the Economic Policy Institute. That places Ohio sixth, in terms of the percentage of jobs lost to trade with TPP countries, among the 50 states and the District of Columbia ranked in the report released Thursday by the liberal Washington, D.C.-based think tank. Read more at Cleveland.com Read More......

UnitedHealth Group: Nation's largest insurer may exit Obamacare due to losses

UnitedHealth Group, the largest insurance company in the U.S., on Thursday slashed its earnings outlook, citing new problems related to Obamacare, and told investors it may exit the program's exchanges. "In recent weeks, growth expectations for individual exchange participation have tempered industrywide, co-operatives have failed, and market data has signaled higher risks and more difficulties while our own claims experience has deteriorated," Stephen J. Hemsley, chief executive officer of UnitedHealth Group, explained in a press release.

Read more at the Washington Examiner
(Hat tip: KimR) Read More......

Undisclosed stress test shows FHA could lose $115 billion

The WSJ reported today (Tuesday, June 4) that the FHA had conducted a previously undisclosed stress test which found FHA losses could hit $115 billion under Federal Reserve bank stress test. FHA chose to not disclose the test’s results or... Read more: AEI Blog

Now, don't go feeling sorry for FHA... it's your money they're losing. --bc Read More......

Top Ten Obamacare Horror Stories the Media are Covering Up

John Nolte at Breitbart News writes, "Because the mainstream media lobbied every bit as hard as Obama to win passage of ObamaCare, they are every bit as invested in doing whatever is necessary to see that it is perceived as a success. Unfortunately for Americans who expect truth from their media, this means the media are having to manufacture a false reality that says ObamaCare is, to steal a phrase, 'doing fine.' ✧ In order to manufacture this phony reality, the media must further sell their blackened soul by violating one of their most cherished principals: reporting on how government policy hits America's weakest the hardest. It's just a fact that the worst fallout of ObamaCare is already landing hard on the working class, who are losing work hours, jobs, and their insurance." Read more at Breitbart... Read More......