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Time Warner beats estimates, raises dividend
Carlyle Group swings to loss, plans buyback
BP CEO: Oil to start rebalancing in late 2016
Deutsche Bank rallies on debt buyback report
European stocks snap 7-day losing streak
Oil hovers above $28 | Dollar falls vs. yen
SolarCity shares plunge on soft forecast
What to expect from Whole Foods earnings

What to look at when Twitter reports after the bell
The Twitter signal that’s giving investors hope
Facebook, Amazon are the keys to this market
Tech money makers can’t make up for losers

A break for zombie-fighting Amazon developers

REIT bonus targets at heart of Brixmor scandal

Burberry sues, says J.C. Penney copied its designs
Hermès sales up 15% on euro, Asian demand

Feds have removed a roadblock to driverless cars

Recipe for less boring Oscar acceptance speeches
Is James Bond’s Pinewood Studios for sale?

Why is everyone freaking out about ‘CoCos’?
Convertible bonds are alluring as stocks fall

If you’re bullish on oil, Chevron and Exxon are buys here
If you’re bullish on oil, these stocks are buys

Social Security in the crosshairs: replacement rates again
Stage is being set for cuts to Social Security

Tricky tax issues you should know about this year

Supreme Court halts Obama’s emissions plan
White House forecasts best growth in years
Obama proposes $4.1 trillion federal budget

Portland Trail Blazers guards Damian Lillard and C.J. McCollum live with ... mom
Meet the NBA stars who live with their mothers

Why you should consider retiring abroad
The best places to retire abroad — with friends
Finding the best places to retire abroad
Expat retirees: how life has turned out

The sad truth of why retirement
is a myth


Is it wise to hold onto cash reserves?

Strategists argue stocks need a true purge

IRS says identity thieves breached its systems
How to know if your tax preparer is a crook
Tax software firm warns of data breach
White House's lesson about online security

The 6 Most Shorted NYSE Stocks: Short Sellers Pile on Alcoa, Freeport-McMoRan Again
Short sellers pile on Alcoa, Freeport-McMoRan
24/7 Wall St.: Short sellers retreat from Nasdaq

Tesla earnings: Model 3 spending, Model X sales in focus
Tesla earnings: Model 3 spending, Model X

Cheap oil may make OPEC dominant again
Existential threat to Russians and Saudis: Lynn

Will oil get so cheap, it won’t pay to extract it?


/conga/frontpage.html 367591

Markets »

50.47MDow Volume:
Avg Vol: 130.29M
Unchanged
161
Decliners
2070
Advancers
4077
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,010 -4 0.03%
Nasdaq
/quotes/zigman/12633936/realtime 4,321 +52 1.21%
S&P 500
/quotes/zigman/3870025/realtime 1,863 +11 0.59%
GlobalDow
/quotes/zigman/629063/realtime 2,091 +6 0.30%
Gold
/quotes/zigman/33772884/delayed 1,195 -4 0.31%
Oil
/quotes/zigman/2260836/delayed 27.87 -0.07 0.25%
FTSE 100
/quotes/zigman/3173262/delayed 5,672 +40 0.71%
DAX
/quotes/zigman/2380246/delayed 9,017 +138 1.55%
CAC 40
/quotes/zigman/3173214/delayed 4,061 +64 1.59%
FTSE MIB
/quotes/zigman/1482176/delayed 16,714 +801 5.03%
IBEX 35
/quotes/zigman/2759620/delayed 8,144 +216 2.73%
Stoxx 600
/quotes/zigman/2380150/delayed 315 +6 1.87%
Asia Dow
/quotes/zigman/6959860/realtime 2,459 -12 0.48%
Nikkei 225
/quotes/zigman/5986735/delayed 15,713 -372 2.31%
Hang Seng
/quotes/zigman/2622475/delayed 19,288 +105 0.55%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 23,759 -262 1.09%
Singapore
/quotes/zigman/1709939/delayed 2,582 -41 1.57%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 0.00 0.42%
Yen
/quotes/zigman/16008150/realtime/sampled 113.82 -1.30 1.13%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 +0.00 0.07%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 +0.00 0.30%
DXY Index
/quotes/zigman/1652083/delayed 96.24 +0.18 0.19%
WSJ $ Idx
/quotes/zigman/41508961/realtime 89.16 -0.12 0.13%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.72 0.00 0.15%
German 10y
/quotes/zigman/15866409/realtime 0.24 +0.01 2.52%
Italy 10yr
/quotes/zigman/15866497/realtime 1.64 -0.04 2.37%
Spain 10yr
/quotes/zigman/15866444/realtime 1.72 -0.06 3.62%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.42 +0.00 0.13%
Japan 10yr
/quotes/zigman/15866525/realtime 0.01 +0.04 165.64%
Crude Oil
/quotes/zigman/2260836/delayed 28 0 0.25%
Gold
/quotes/zigman/33772884/delayed 1,195 -4 0.31%
Corn
/quotes/zigman/25518691/delayed 360 -1 0.28%
DJIA F
/quotes/zigman/48241424/delayed 15,956 -3 0.02%
S&P F
/quotes/zigman/43106711/delayed 1,858 +10 0.51%
Silver
/quotes/zigman/32655632/delayed 15 0 1.32%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 102.28 2.74 2.75%
AAPL /quotes/zigman/68270/composite 95.25 0.26 0.27%
GOOG /quotes/zigman/59527964/composite 690.52 12.41 1.83%
BAC /quotes/zigman/190927/composite 12.14 -0.06 -0.49%
C /quotes/zigman/5065548/composite 37.72 0.21 0.56%
F /quotes/zigman/264304/composite 11.37 0.02 0.22%
T /quotes/zigman/398198/composite 36.45 -0.20 -0.55%
BP /quotes/zigman/247026/composite 28.14 -0.21 -0.74%
GE /quotes/zigman/227468/composite 28.43 0.15 0.53%
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Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.96% 11.62%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.35% 14.12%
Airline 15.17% 15.17% 15.10%
Cash Back 15.26% 15.26% 15.27%
Reward 15.28% 15.28% 15.14%
Instant Approval 18.21% 18.21% 18.00%
Bad Credit 22.88% 22.88% 22.73%
Source:CreditCards.com

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Encore
A blog about living in and planning for retirement

Does Obamacare ‘Cut’ $716 Billion From Medicare?

I mentioned before last night’s debate that Mitt Romney’s critique of President Obama’s health-care reforms might focus on the number $716 billion. I was unexpectedly prescient: By my count, based on a transcript, Romney cited the number 10 times, including twice in his closing statement. (“If the president were to be re-elected, you’re going to see a $716 billion cut to Medicare.”) The president never specifically rebutted this claim (then again, he didn’t rebut much of anything in what seemed like a fairly flat performance.) But is the Republican candidate using the statistic accurately?

Romney’s number comes from a Congressional Budget Office report about the impact of the Affordable Care Act on Medicare. During the campaign, the GOP has represented the figure as cuts in benefits to seniors; the president’s camp, and various independent commentators, say the number represents cost reductions stemming from reforms in the way doctors and hospitals are paid. The fact-checkers’ verdict? PolitiFact.com, the Pulitzer-winning organ of the Tampa Bay Times, called it a “half-truth”; other major daily papers, including The New York Times and the Chicago Tribune, judged Romney’s use of the number to be somewhat misleading. (Interestingly enough, as of this writing the Trib’s article about the statistic appeared beneath a relatively large banner ad for the Obama campaign; earlier today, it was under a Romney banner.)

The Washington Examiner offers an interesting counterpoint, arguing that the reduction in money paid to insurers and hospitals “will inevitably result in less coverage and higher premiums for current recipients.” There’s some merit to that argument, though I’m not sure the outcome is inevitable. But that didn’t appear to be the point that Romney was trying to make last night.

Comments

We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

Comments (5 of 15)

View all Comments »
    • Hello AnnaSaenz, what Obama is not telling you is that obamacare will be restricted plan and not for you to go as you please.
      Furthermore, if your illness is diagnosed as incurable, you will not get any more treatments and will be left to die.

      Obama is the biggest liar that America ever had as president.
      Your vote is insignificant to save obamacare, it will be dismantled by the congress next year, whether you like it or not, because it will cost to much money to run it. This country is broke because of Obama policies and borrowing money and then wasting it.

    • To AnnaSaenz,

      You can vote for whom ever you like, but obamacare will not cover what you think will cover. There will be restrictions on cancer treatments for 6 months only and if that does not cure you, the panelinst will prescribe you RED pills for your demise.

      You are all brain washed by Obama lies after lies. There is no such thing as free lunch with Obama, obamacare may cost you your life.

    • What kind of question is this?
      Of course it cuts $716 billion over 2013–2022 and then some by reducing the payments, medical tests and number of times you can visit a doctor and will increase the deductibles.

      The seniors are screwed under Obama.

    • Both the debate and the critique are not helpful. Ultimately, the question is how do we provide the best care (not the most care) to the largest number of our seniors? Is our primary objective to provide only a modicum of care to those who couldn’t or didn’t save for retirement? Do we provide unlimited (or nearly so) to seniors with serious health issues that will escalate the cost for the rest of those in the plan? Do we want a senior health care system that decides winners and losers based on your earnings and savings during your working years and your relative health in your retirement? Invariably, Obama’s plan takes money away from providers and insurance companies, who just as predictably, cry foul. Culturally we need to find a balance between demands for greed and demands for charity.

    • So the government is lying about Medicare costs?, Like they are lying about the unemployment rate? which is over 10%. Or is Obama lying, or don’t they know at all and it is a hoax

About Encore

  • Encore examines the changing nature of retirement, from new rules and guidelines for financial security to the shifting identities and priorities of today’s retirees. The blog also explores news that affects retirement, from the Wall Street Journal Digital Network and around the web. Lead bloggers are reporter Catey Hill and senior editor Jeremy Olshan. Other contributors include The Wall Street Journal’s retirement columnists Glenn Ruffenach and Anne Tergesen; the Director for the Center for Retirement Research at Boston College, Alicia Munnell; and the Director of Research for Pinnacle Advisory Group, Michael Kitces, CFP.

MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

New York Markets Close in:

need to know
Time Warner beats estimates, raises dividend
Carlyle Group swings to loss, plans buyback
BP CEO: Oil to start rebalancing in late 2016
Deutsche Bank rallies on debt buyback report
European stocks snap 7-day losing streak
Oil hovers above $28 | Dollar falls vs. yen
SolarCity shares plunge on soft forecast
What to expect from Whole Foods earnings

What to look at when Twitter reports after the bell
The Twitter signal that’s giving investors hope
Facebook, Amazon are the keys to this market
Tech money makers can’t make up for losers

A break for zombie-fighting Amazon developers

REIT bonus targets at heart of Brixmor scandal

Burberry sues, says J.C. Penney copied its designs
Hermès sales up 15% on euro, Asian demand

Feds have removed a roadblock to driverless cars

Recipe for less boring Oscar acceptance speeches
Is James Bond’s Pinewood Studios for sale?

Why is everyone freaking out about ‘CoCos’?
Convertible bonds are alluring as stocks fall

If you’re bullish on oil, Chevron and Exxon are buys here
If you’re bullish on oil, these stocks are buys

Social Security in the crosshairs: replacement rates again
Stage is being set for cuts to Social Security

Tricky tax issues you should know about this year

Supreme Court halts Obama’s emissions plan
White House forecasts best growth in years
Obama proposes $4.1 trillion federal budget

Portland Trail Blazers guards Damian Lillard and C.J. McCollum live with ... mom
Meet the NBA stars who live with their mothers

Why you should consider retiring abroad
The best places to retire abroad — with friends
Finding the best places to retire abroad
Expat retirees: how life has turned out

The sad truth of why retirement
is a myth


Is it wise to hold onto cash reserves?

Strategists argue stocks need a true purge

IRS says identity thieves breached its systems
How to know if your tax preparer is a crook
Tax software firm warns of data breach
White House's lesson about online security

The 6 Most Shorted NYSE Stocks: Short Sellers Pile on Alcoa, Freeport-McMoRan Again
Short sellers pile on Alcoa, Freeport-McMoRan
24/7 Wall St.: Short sellers retreat from Nasdaq

Tesla earnings: Model 3 spending, Model X sales in focus
Tesla earnings: Model 3 spending, Model X

Cheap oil may make OPEC dominant again
Existential threat to Russians and Saudis: Lynn

Will oil get so cheap, it won’t pay to extract it?


/conga/frontpage.html 367591

Markets »

50.47MDow Volume:
Avg Vol: 130.29M
Unchanged
161
Decliners
2070
Advancers
4077
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,010 -4 0.03%
Nasdaq
/quotes/zigman/12633936/realtime 4,321 +52 1.21%
S&P 500
/quotes/zigman/3870025/realtime 1,863 +11 0.59%
GlobalDow
/quotes/zigman/629063/realtime 2,091 +6 0.30%
Gold
/quotes/zigman/33772884/delayed 1,195 -4 0.31%
Oil
/quotes/zigman/2260836/delayed 27.86 -0.08 0.29%
FTSE 100
/quotes/zigman/3173262/delayed 5,672 +40 0.71%
DAX
/quotes/zigman/2380246/delayed 9,017 +138 1.55%
CAC 40
/quotes/zigman/3173214/delayed 4,061 +64 1.59%
FTSE MIB
/quotes/zigman/1482176/delayed 16,714 +801 5.03%
IBEX 35
/quotes/zigman/2759620/delayed 8,144 +216 2.73%
Stoxx 600
/quotes/zigman/2380150/delayed 315 +6 1.87%
Asia Dow
/quotes/zigman/6959860/realtime 2,459 -12 0.48%
Nikkei 225
/quotes/zigman/5986735/delayed 15,713 -372 2.31%
Hang Seng
/quotes/zigman/2622475/delayed 19,288 +105 0.55%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 23,759 -262 1.09%
Singapore
/quotes/zigman/1709939/delayed 2,582 -41 1.57%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 0.00 0.42%
Yen
/quotes/zigman/16008150/realtime/sampled 113.82 -1.30 1.13%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 +0.00 0.07%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 +0.00 0.30%
DXY Index
/quotes/zigman/1652083/delayed 96.24 +0.18 0.19%
WSJ $ Idx
/quotes/zigman/41508961/realtime 89.16 -0.12 0.13%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.72 0.00 0.15%
German 10y
/quotes/zigman/15866409/realtime 0.24 +0.01 2.52%
Italy 10yr
/quotes/zigman/15866497/realtime 1.64 -0.04 2.37%
Spain 10yr
/quotes/zigman/15866444/realtime 1.72 -0.06 3.62%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.42 +0.00 0.13%
Japan 10yr
/quotes/zigman/15866525/realtime 0.01 +0.04 165.64%
Crude Oil
/quotes/zigman/2260836/delayed 28 0 0.29%
Gold
/quotes/zigman/33772884/delayed 1,195 -4 0.31%
Corn
/quotes/zigman/25518691/delayed 360 -1 0.28%
DJIA F
/quotes/zigman/48241424/delayed 15,956 -3 0.02%
S&P F
/quotes/zigman/43106711/delayed 1,858 +10 0.51%
Silver
/quotes/zigman/32655632/delayed 15 0 1.32%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 102.32 2.78 2.79%
AAPL /quotes/zigman/68270/composite 95.25 0.26 0.27%
GOOG /quotes/zigman/59527964/composite 690.52 12.41 1.83%
BAC /quotes/zigman/190927/composite 12.14 -0.06 -0.53%
C /quotes/zigman/5065548/composite 37.71 0.20 0.54%
F /quotes/zigman/264304/composite 11.38 0.03 0.26%
T /quotes/zigman/398198/composite 36.45 -0.20 -0.55%
BP /quotes/zigman/247026/composite 28.14 -0.21 -0.74%
GE /quotes/zigman/227468/composite 28.43 0.15 0.53%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.96% 11.62%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.35% 14.12%
Airline 15.17% 15.17% 15.10%
Cash Back 15.26% 15.26% 15.27%
Reward 15.28% 15.28% 15.14%
Instant Approval 18.21% 18.21% 18.00%
Bad Credit 22.88% 22.88% 22.73%
Source:CreditCards.com

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Trending Tickers
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  • /quotes/zigman/41663/composite GLD+0.55%
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