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‘100 Million’ On Obamacare?; NSA Can’t Police Itself; Drug Market Will Dive As ACA Fails; Postponing Retirement By 20 Years To Make Ends Meet; How Banksters Handle Government Default; Census ‘Faked’ Jobs Numbers During 2012 Campaign – Tuesday Morning News Roundup 11-19-2013

November 19, 2013 by  

Here is a collection of some of the stories making the Internet rounds this morning. Click the links for the full stories.

  • President Barack Obama told a conference-call audience of progressive volunteers on Monday evening that ‘more than 100 million Americans’ – in a nation of less than 314 million – have successfully signed up for health insurance via the Affordable Care Act. That number is at odds with reality, but Obama didn’t skip a beat or make any effort to correct himself, and his next comments did little to clear up the mistake. Source: Daily Mail…

 

  • The National Security Agency reported its own violations of surveillance rules to a U.S. intelligence court and promised additional safety measures to prevent similar missteps over and over again, according to more than 1,000 pages of newly declassified files about the federal government’s controversial program of collecting every American’s phone records during the past seven years. Source: NBC News…

 

  • Potential shortfalls in enrollment for President Barack Obama’s health-care overhaul would put a 30 percent dent in projections for U.S. prescription-drug sales in 2017, a report from IMS Health Inc. shows. Source: Bloomberg… 

 

  • Call it the new American nightmare: Running out of money in retirement is scaring the hell out of record numbers of older workers, forcing them to stay in the workforce. Now 80 is the new 60 when it comes to retirement. Many older workers who finally clock out have sharply underestimated their financial needs in retirement, raising the specter of personal financial disaster. Source: New York Post…

 

  • As the United States threatened to default on its debt last month, major U.S. banks set up war rooms, spent many millions of dollars on contingency planning and, in some cases, even prepared to underwrite federal government benefits. Source: Reuters…

 

  • In the home stretch of the 2012 presidential campaign, from August to September, the unemployment rate fell sharply — raising eyebrows from Wall Street to Washington. The decline — from 8.1 percent in August to 7.8 percent in September — might not have been all it seemed. The numbers, according to a reliable source, were manipulated. And the Census Bureau, which does the unemployment survey, knew it. Source: New York Post…

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