JBS CEO Art Thompson's weekly news video update for October 15-21, 2012.
After 42 years of building an immense real estate and time share company, with 7,000 employees and revenues of $1 billion, its owner is close to giving it all up and, in his words, “calling it a day.” David Siegel, the owner of Westgate Resorts, started his company out of his garage in the early 1970s and, working full time including weekends and holidays, slowly built the company into a powerhouse which, in 2007, just before the real estate crash, employed more than 12,000 people and served more than 3 million customers a year.
ObamaCare’s employer mandate was supposed to guarantee that most Americans would obtain health insurance through their employers. But for those workers least able to afford insurance on their own — service employees paid on an hourly basis — the law may well be having precisely the opposite effect, as companies simply reduce the number of employees who must be covered by cutting hours.
A video posted by the Obama campaign clearly shows that ObamaCare was based on Romneycare — and inadvertently shows that both are the products of socialist activists. By Michael Tennant
President Barack Obama has been saying for months that Republican presidential nominee Mitt Romney plans to slash Medicare spending, thereby denying senior citizens healthcare, but that Obama himself will save and strengthen it. According to journalist Bob Woodward, however, Obama has admitted in private that he plans to cut the program by $250 billion over 10 years; he just won’t say so in public because that would be “bad politics.”
The earthquake and tsunami that hit Japan in March 2011 continue to claim lives more than a year and a half later, not from the damaged Fukushima nuclear power plant, but from forced evacuations in areas that received insignificant amounts of radiation.
While record numbers of Americans are migrating to the disability rolls, new data show that more than a quarter of the cases observed between 2006 and 2010 were improperly awarded. In an 18-month investigation launched by the U.S. Senate’s Permanent Subcommittee on Investigations, auditors found that about 25 percent of the 300 sampled disability cases were granted benefits “without properly addressing insufficient, contradictory and incomplete evidence.”
Taxpayers are funding a “public relations” marketing contract to promote ObamaCare worth almost $1 million so far that will include working with Hollywood to promote the controversial federal healthcare takeover in popular TV shows. Critics blasted the deal as an effort to use propaganda to drum up support for Obama’s deeply unpopular signature statute, which polls show a majority of Americans hope to repeal.
With the help of the Pacific Legal Foundation, small businessman Matt Sissel argues that the majority opinion from Chief Justice John Roberts kills the Affordable Care Act because it did not originate in the House of Representatives.
The California Senate passed a bill September 6 that would make it legal for non-physician medical professionals such as midwives to perform abortions under a statewide training program. The measure now awaits Democratic Governor Jerry Brown's signature.