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Atlantic hurricanes lose sway over oil and gas

Apple Watch debut stronger than thought: IDC
Apple to host Sept. 9 product event
Apple closes in on Fitbit in wearables

Craft beer acquisition by Duvel — stay small, stay beautiful
Firestone is latest U.S. brewer to join the Duvel family

Instead of flavored vodka, flavored sake?

Never use a market order when stocks are selling off
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Lack of fear means this correction isn’t finished

Most imposing stock ‘wall of worry’ in 5 years

John Bogle sees promise in market pullbacks
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Why you should worry and be happy that stocks aren’t a sure bet
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A sign for Moody's rating agency is displayed at the company headquarters in New York, September 18, 2012.  AFP PHOTO/Emmanuel Dunand        (Photo credit should read EMMANUEL DUNAND/AFP/GettyImages)
ADP debt-funded buyback raises Moody’s ire

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More frustration with Clinton on email issue
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China may be in worse shape than most of us think
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These are the best jobs for millennials
These are the best jobs for millennials


How momentum investing could go out of style
Momentum investing could be going out of style

Tesla Model S scores 103 on 100-point scale
Tesla Model S scores 103 on 100-point scale
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Markets »

67.18MDow Volume:
Avg Vol: 111.57M
Unchanged
181
Decliners
2121
Advancers
4215
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 16,624 -31 0.19%
Nasdaq
/quotes/zigman/12633936/realtime 4,820 +8 0.16%
S&P 500
/quotes/zigman/3870025/realtime 1,986 -2 0.11%
GlobalDow
/quotes/zigman/629063/realtime 2,369 +8 0.36%
Gold
/quotes/zigman/662444/delayed 1,134 +11 0.99%
Oil
/quotes/zigman/2331095/delayed 45.27 +2.71 6.37%
FTSE 100
/quotes/zigman/3173262/delayed 6,248 +56 0.90%
DAX
/quotes/zigman/2380246/delayed 10,299 -17 0.17%
CAC 40
/quotes/zigman/3173214/delayed 4,675 +17 0.36%
FTSE MIB
/quotes/zigman/1482176/delayed 21,994 -208 0.93%
IBEX 35
/quotes/zigman/2759620/delayed 10,353 +63 0.61%
Stoxx 600
/quotes/zigman/2380150/delayed 363 +1 0.28%
Asia Dow
/quotes/zigman/6959860/realtime 2,798 +45 1.64%
Nikkei 225
/quotes/zigman/5986735/delayed 19,136 +562 3.03%
Hang Seng
/quotes/zigman/2622475/delayed 21,612 -226 1.04%
Shanghai
/quotes/zigman/1859015/delayed 3,232 +149 4.82%
Sensex
/quotes/zigman/1652085/delayed 26,392 +161 0.61%
Singapore
/quotes/zigman/1709939/delayed 2,956 +11 0.36%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 -0.01 0.57%
Yen
/quotes/zigman/16008150/realtime/sampled 121.34 +0.31 0.26%
Pound
/quotes/zigman/16008140/realtime/sampled 1.54 0.00 0.06%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.72 0.00 0.00%
DXY Index
/quotes/zigman/1652083/delayed 96.09 +0.32 0.34%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.46 +0.19 0.22%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.19 +0.00 0.00%
German 10y
/quotes/zigman/15866409/realtime 0.75 +0.00 0.17%
Italy 10yr
/quotes/zigman/15866497/realtime 1.91 -0.02 0.80%
Spain 10yr
/quotes/zigman/15866444/realtime 2.06 +0.01 0.26%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.85 -0.02 0.96%
Japan 10yr
/quotes/zigman/15866525/realtime 0.38 -0.01 2.48%
Crude Oil
/quotes/zigman/2331095/delayed 45 +3 6.37%
Gold
/quotes/zigman/662444/delayed 1,134 +11 0.99%
Corn
/quotes/zigman/7599553/delayed 374 -1 0.20%
DJIA F
/quotes/zigman/38649152/delayed 16,573 -77 0.46%
S&P F
/quotes/zigman/30356461/delayed 1,979 -10 0.52%
Silver
/quotes/zigman/3134148/delayed 15 +0 0.82%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 90.78 1.05 1.17%
AAPL /quotes/zigman/68270/composite 112.88 -0.04 -0.04%
GOOG /quotes/zigman/30194416/composite 627.79 -9.82 -1.54%
BAC /quotes/zigman/190927/composite 16.31 -0.13 -0.79%
C /quotes/zigman/5065548/composite 53.12 -0.32 -0.60%
F /quotes/zigman/264304/composite 13.72 0.16 1.18%
T /quotes/zigman/398198/composite 33.26 -0.18 -0.54%
BP /quotes/zigman/247026/composite 33.14 0.11 0.33%
GE /quotes/zigman/227468/composite 25.09 0.08 0.32%
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
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 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
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
Ashley Madison CEO steps down
Amgen gets FDA OK for cholesterol treatment
Student dies after shooting at Savannah State
Icahn discloses stake in Freeport McMoRan
Buzz Aldrin wants to colonize Mars in 25 years
Atlantic hurricanes lose sway over oil and gas

Apple Watch debut stronger than thought: IDC
Apple to host Sept. 9 product event
Apple closes in on Fitbit in wearables

Craft beer acquisition by Duvel — stay small, stay beautiful
Firestone is latest U.S. brewer to join the Duvel family

Instead of flavored vodka, flavored sake?

Never use a market order when stocks are selling off
Schwab site hit by outages in busy trade stretch
Lack of fear means this correction isn’t finished

Most imposing stock ‘wall of worry’ in 5 years

John Bogle sees promise in market pullbacks
A strategy to make money in this crazy market
Record $29.5 billion yanked from stock funds

Roubini: Better early warning system is needed

Why you should worry and be happy that stocks aren’t a sure bet
Both worry, be happy that stocks aren’t a sure bet

A sign for Moody's rating agency is displayed at the company headquarters in New York, September 18, 2012.  AFP PHOTO/Emmanuel Dunand        (Photo credit should read EMMANUEL DUNAND/AFP/GettyImages)
ADP debt-funded buyback raises Moody’s ire

Democratic leaders frustrated by Clinton’s handling of email issue
More frustration with Clinton on email issue
Poll shows Biden running stronger than Clinton
Trump: I’m OK with raising taxes on myself

Poland looks next to turn against the EU

China wins the Battle of Mountain Pass
China just undermined the U.S. Defense Department

China may be in worse shape than most of us think
What should China do to fix its economy?
Analysts dismiss fears of a China hard landing
‘Loch Ness monster’ and China's mystery rally

These are the best jobs for millennials
These are the best jobs for millennials


How momentum investing could go out of style
Momentum investing could be going out of style

Tesla Model S scores 103 on 100-point scale
Tesla Model S scores 103 on 100-point scale
Elon Musk retweets slow-driving Tesla owner
Colbert should ask Elon Musk, Kalanick this
$400,000 supercar goes up in flames

How to cope when you’re suddenly uninsured

/conga/frontpage.html 353591

Markets »

67.16MDow Volume:
Avg Vol: 111.57M
Unchanged
180
Decliners
2118
Advancers
4219
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 16,621 -34 0.20%
Nasdaq
/quotes/zigman/12633936/realtime 4,820 +8 0.16%
S&P 500
/quotes/zigman/3870025/realtime 1,985 -2 0.12%
GlobalDow
/quotes/zigman/629063/realtime 2,369 +8 0.36%
Gold
/quotes/zigman/662444/delayed 1,134 +11 0.98%
Oil
/quotes/zigman/2331095/delayed 45.28 +2.72 6.39%
FTSE 100
/quotes/zigman/3173262/delayed 6,248 +56 0.90%
DAX
/quotes/zigman/2380246/delayed 10,299 -17 0.17%
CAC 40
/quotes/zigman/3173214/delayed 4,675 +17 0.36%
FTSE MIB
/quotes/zigman/1482176/delayed 21,994 -208 0.93%
IBEX 35
/quotes/zigman/2759620/delayed 10,353 +63 0.61%
Stoxx 600
/quotes/zigman/2380150/delayed 363 +1 0.28%
Asia Dow
/quotes/zigman/6959860/realtime 2,798 +45 1.64%
Nikkei 225
/quotes/zigman/5986735/delayed 19,136 +562 3.03%
Hang Seng
/quotes/zigman/2622475/delayed 21,612 -226 1.04%
Shanghai
/quotes/zigman/1859015/delayed 3,232 +149 4.82%
Sensex
/quotes/zigman/1652085/delayed 26,392 +161 0.61%
Singapore
/quotes/zigman/1709939/delayed 2,956 +11 0.36%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 -0.01 0.56%
Yen
/quotes/zigman/16008150/realtime/sampled 121.34 +0.31 0.26%
Pound
/quotes/zigman/16008140/realtime/sampled 1.54 0.00 0.06%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.72 +0.00 0.01%
DXY Index
/quotes/zigman/1652083/delayed 96.10 +0.33 0.35%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.46 +0.20 0.22%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.18 0.00 0.08%
German 10y
/quotes/zigman/15866409/realtime 0.75 +0.00 0.17%
Italy 10yr
/quotes/zigman/15866497/realtime 1.91 -0.02 0.80%
Spain 10yr
/quotes/zigman/15866444/realtime 2.06 +0.01 0.26%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.85 -0.02 0.96%
Japan 10yr
/quotes/zigman/15866525/realtime 0.38 -0.01 2.48%
Crude Oil
/quotes/zigman/2331095/delayed 45 +3 6.39%
Gold
/quotes/zigman/662444/delayed 1,134 +11 0.98%
Corn
/quotes/zigman/7599553/delayed 374 -1 0.20%
DJIA F
/quotes/zigman/38649152/delayed 16,575 -75 0.45%
S&P F
/quotes/zigman/30356461/delayed 1,979 -10 0.52%
Silver
/quotes/zigman/3134148/delayed 15 +0 0.78%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 90.74 1.01 1.13%
AAPL /quotes/zigman/68270/composite 112.98 0.06 0.05%
GOOG /quotes/zigman/30194416/composite 627.98 -9.63 -1.51%
BAC /quotes/zigman/190927/composite 16.32 -0.13 -0.76%
C /quotes/zigman/5065548/composite 53.14 -0.31 -0.57%
F /quotes/zigman/264304/composite 13.73 0.17 1.22%
T /quotes/zigman/398198/composite 33.22 -0.22 -0.66%
BP /quotes/zigman/247026/composite 33.14 0.11 0.33%
GE /quotes/zigman/227468/composite 25.10 0.09 0.34%
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
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 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
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  • /quotes/zigman/627449/realtime DJIA-0.47%
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