Ed’s Daily Notes for December 5th   2 comments

Washington Post: Few uninsured young people say they’ll sign up for Obamacare

Obamacare is dead if this is true:

Fewer than one-third of young, uninsured Americans say they are leaning toward enrolling in a health-care plan under the new Obamacare exchanges, according to a new poll — a number that, if it holds, would present huge problems for the new law.

In order to keep costs down, the Affordable Care Act relies on younger, healthier people signing up for coverage to offset the costs for older, sicker Americans.

But a Harvard University Institute of Politics poll shows just 29 percent of uninsured 18-to-29-year olds say they will definitely (13 percent) or likely (16 percent) enroll in the Obamacare exchanges. When the question describes the law as the “Affordable Care Act” rather than Obamacare, just 25 percent say the are leaning toward enrolling or will enroll.

Without the healthy young people, health insurance in 2015 will become much more expensive for everyone, as insurance companies adjust to the older and sicker pool of insureds they have. As insurance gets more expensive, even fewer healthy young people will get it, and the problem will just exacerbate after that.

New York Times: Google Puts Money on Robots, Using the Man Behind Android

Yet another reason I own Google stock:

If Amazon can imagine delivering books by drones, is it too much to think that Google might be planning to one day have one of the robots hop off an automated Google Car and race to your doorstep to deliver a package?

Google executives acknowledge that robotic vision is a “moonshot.” But it appears to be more realistic than Amazon’s proposed drone delivery service, which Jeff Bezos, Amazon’s chief executive, revealed in a television interview the evening before one of the biggest online shopping days of the year.

Over the last half-year, Google has quietly acquired seven technology companies in an effort to create a new generation of robots. And the engineer heading the effort is Andy Rubin, the man who built Google’s Android software into the world’s dominant force in smartphones.

The company is tight-lipped about its specific plans, but the scale of the investment, which has not been previously disclosed, indicates that this is no cute science project.

At least for now, Google’s robotics effort is not something aimed at consumers. Instead, the company’s expected targets are in manufacturing — like electronics assembly, which is now largely manual — and competing with companies like Amazon in retailing, according to several people with specific knowledge of the project.

Bloomberg: China Mobile Moves Closer to IPhone With License for 4G

Big news for Apple fans:

China Mobile Ltd. won state approval to start commercial service on the world’s largest fourth-generation wireless network, clearing a key hurdle to offering Apple Inc.’s iPhone to its 759 million subscribers.

The world’s biggest phone company and two smaller domestic carriers received 4G licenses yesterday from China’s Ministry of Industry and Information Technology. China Mobile will deploy TD-LTE technology to promote faster downloads as it tries to push customers toward higher-priced voice and data plans. Shares rose to the highest in six weeks.

Starting services on a 4G network using global standards may help China Mobile win over handset makers, including Apple, that hadn’t supported its homegrown 3G standard. The high-speed network was scheduled to reach 100 cities covering 500 million people this year, potentially weighing on the company’s earnings for years as it tries to lure users with enticements such as subsidies for new devices.

“With the expense of setting up the 4G network, there is going to be pressure to load the network and encourage customers to migrate faster than they normally would,” Tucker Grinnan, a Hong Kong-based analyst with HSBC Holdings Plc., said by phone. “The start of 4G service will mean more pressure on profits.”

China Mobile signed a deal with Apple to start offering the iPhone later this month, the Wall Street Journal reported, citing a person it didn’t identify.

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Posted December 5, 2013 by edmcgon in News, Politics, Stocks, Technology

2 responses to “Ed’s Daily Notes for December 5th

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  1. It’s that time of year for all the experts to begin weighing in on what will happen in the coming year.

    “When asked how concerned they are about a bubble in the U.S. stock market in 2014, 44 percent of the advisors said they were “somewhat concerned.” Additionally, when questioned if they expected a significant correction for U.S. stocks in the year ahead, 40 percent said yes, believing it would be in the 10 percent range.” http://www.cnbc.com/id/101239829

    So ……… Do I sell now and wait for the 10% or more pull back to buy back or do I hold? Do I believe these same experts who were calling for a similar pull back 12 months ago but instead everyone watched the market go up 20+%. How much do I save if the market goes up another 5% and then pulls back 10% and I nail the bottom with buy orders? These are rhetorical questions but then again if you have a comment I will be interested in your thoughts.

    Where will the market be on June 30, 2014 and where will the market be on Dec. 31, 2014?
    If there is a significant pull back, how much?
    Where should you have your money: Industrials lead the pack for the last 3 months being up 9.53%?
    Are dividend or growth or value or what the place to be in 2014?

    Too much for my small brain to think about. Think I will go get the brakes on our SUV maintained.

    • Latetom,
      10%, while still painful, isn’t terrible. The 50+% fall from 2007-2009, THAT is what you should worry about!

      As long as the Fed is pumping money, we should be ok. I’m not even fully sold on the idea that tapering will have an impact, although I am being cautious.

      If the U.S. decides to default on it’s debt, all bets are off.

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