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The United States of America may potentially be on the precipice of a Greek-style debt crisis within a few years, and our economy is increasingly looking like it may be at risk of entering another recession – and theFinancial Crisis 2.0 could make the Great Recession look tame. Simply put, the Fed and Treasury have bloated their balance sheets to such grotesque levels to fight the deflationary forces sparked in the economy as a result of the housing collapse that there will be no more temporary “smoke-and-mirrors” fiscal and monetary options to circumvent another downturn.Certainly, the Fed will likely give QE3…QE4…QE5, a shot if the economy becomes completely unglued, but similar to what has occurred in Japan for the last 20 years, it will not work. We have already seen what Mr. [Read the full article] I have long argued that the impact of the Affordable Care Act is not nearly as big of a deal as opponents would have you believe. At the end of the day, the law is – in the main – little more than a successful effort to put an end to some of the more egregious health insurer abuses while creating an environment that should bring more Americans into programs that will give them at least some of the health care coverage they need.There is, however, one notable exception – and it(TM)s one that should have a long lasting and powerful impact on the future of health care in our country.That would be the provision of the law, called the medical loss ratio, that requires health insurance companies to spend 80% of the consumers(TM) premium dollars they collect"85% for large group insurers"on actual medical care rather than overhead, marketing expenses and profit. [Read the full article] In the late 1940s Dora Hutchinson, heir to the Chase Manhattan Bank fortune, commissioned Pereira & Luckman, architects famous for the Los Angeles International Airport and Pereira specifically for the Kennedy Center’s Studio Theater and the Transamerica Pyramid Building, to build a house just outside the heart of Los Angeles, CA. Once completed in 1951, the wealthy socialite used the house to throw massive who’s who parties for Hollywood, hosting the A-list likes of Lucille Ball and Ava Gardner, and shooting off fireworks to signal Happy Hour to her neighbors. After several years Hutchinson fled the West Coast for her hometown of New York, leaving the party palace behind. But rather than sell, she found a long-term tenant: crooner-turned actor, Frank Sinatra. [Read the full article] 
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