The following is a rundown of the day’s news drawn from other media sources with topics curated just for Money and Markets readers: Obamacare, personal freedom and safety, politics, the Federal Reserve and more!
Obamacare Enrollment Numbers Brutally Low
The federal health-care exchange signed up less than 27,000 people. Meanwhile, nearly 7 million people are expected to lose the insurance plans President Obama said they could keep.
Republicans Mock ObamaCare Enrollment
Speaker John Boehner (R-Ohio) said the news is good reason for President Obama to honor his promise to keep their current health-insurance plans if they like them.
Historically Black College Says Obamacare Forced Them to Cancel Student Health Plans
The Director of the Bowie State University Wellness Center said that the university decided it would not be worth it to provide student health insurance given how expensive it would be to do so under the new regulations.
Sebelius: “Marketplace Is Working, and People Are Enrolling”
Sebelius said she did not find it discouraging that people have gone through the process but not purchased a plan. People will visit the site multiple times before making a decision, she said.
Pelosi Claims Nearly 5 Times More Signed up Than Numbers Show
Rep. Nancy Pelosi (D-Calif.) tweeted out a claim that 1 million people have applied and are eligible to get insurance through the Obamacare marketplace and 500,000 have already secured coverage.
3 Students Shot Near Brashear High School
The victims were reportedly walking to a car that was parked on Crane Avenue, about a block away, when the shooting started. None of the victims’ injuries are believed to be life-threatening.
Police Use Taser on Suspect for 42 Seconds; Internal Investigation Launched
The incident was caught on a cell-phone camera by a bystander. The victim says too much force was used to subdue him.
Gang of Teens Playing Disturbing Game of ‘Knock Out The Jew’
Brooklyn Assemblyman Dov Hikind said the attacks are not muggings. It’s not about money. He said the victims are being attacked because they are Jews.
Tina Turner Formally Relinquishes U.S. Citizenship
She’s fluent in German, the report said, and she declared that she no longer has any strong ties to the United States “except for family, and has no plans to reside in the United States in the future.”
Buchanan Cosponsors U.S. Freedom Act
The USA FREEDOM Act would end bulk collections of communications between individuals who are not the subject of an investigation and reform the Foreign Intelligence Surveillance Court.
Former Fed Official: ‘I’m Sorry for QE’
“The central bank continues to spin QE as a tool for helping Main Street. But I’ve come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time.”
Yellen Says U.S. Economy Still ‘Far Short’ of Pre-Crisis Levels
Janet Yellen will say the U.S. economy is performing “far short” of its potential at her confirmation hearing on Thursday in prepared remarks that justify continued monetary stimulus.
Russian Lawmaker Who Wants to Outlaw U.S. Dollar Calls it a Ponzi Scheme
The bill would partially revive a Soviet-era ban on the dollar. It would prohibit Russians from holding dollars in the country’s banks, and banks would be unable to carry out transactions in the dollar.
Another U.S. City Mulls Bankruptcy Due to Soaring Wages and Pensions
A bankruptcy filing by Desert Hot Springs, a city of 26,000 about 110 miles east of Los Angeles, would make it the third California city along with San Bernardino and Stockton to seek court protection from creditors.
Italy Investigates Apple for Alleged Tax Fraud
Milan prosecutors say Apple failed to declare to Italian tax authorities 206 million euros in 2010 and 853 million euros in 2011, one of the sources said, confirming a report by Italian magazine L’Espresso.
The Money and Markets Team