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Break out the Victory Gin! Yellen says there'll be full employment by 2016!


Federal Reserve Chair Janet Yellen said on Wednesday the economy was making "very meaningful progress", adding it was "quite plausible" it would be back to near full employment by the end of 2016.

Also, there will be growth in the spring: Read below the fold...

ObamaCare: ObamaCare's mental health coverage

One of ObamaCare's features not often touted is that mental health coverage is one of the essential benefits. Unfortunately, mental health coverage has all of ObamaCare's other coverage problem, except moreso. About the benefits:

Long-awaited improvements in insurance coverage for mental conditions and addictions are expected to become more widely available this year as a result of two major steps that the Obama administration has taken.

The president’s signature Affordable Care Act includes mental health care and substance abuse treatment among its 10 “essential” benefits, which means plans sold on the public health care exchanges must include coverage.

In addition, rules to fully carry out an older law — the Mental Health Parity and Addiction Equity Act of 2008 — were issued in November, after a long delay. The parity law says that when health insurance plans provide coverage for mental ailments, it must be comparable to coverage for physical ailments. For instance, plans cannot set higher deductibles or charge higher co-payments for mental health visits than for medical visits, and cannot set more restrictive limits on the number of visits allowed.

So far, so good. So, knowing what we know about ObamaCare, what would be the first question to ask? Read below the fold...

"Drunken frat boy rapist" business model creates problems for Dartmouth

(Of course, the drunken frat boys go into finance so the endowment, but still.) WaPo:

Dartmouth College’s president lamented Wednesday that the Ivy League school’s promising future “is being hijacked by extreme behavior,” including sex assaults, parties with “racist and sexist undertones,” and a campus culture in which “dangerous drinking has become the rule and not the exception.”

Then the behavior isn't "extreme" but normal, right?

Philip J. Hanlon, a Dartmouth alumnus who took office in June, said such problems were taking a toll on the image of the 245-year-old college in Hanover, N.H. Applications to Dartmouth fell 14 percent this year, the sharpest drop in two decades, and the federal government has launched an investigation of issues related to sexual harassment and sexual violence there.

Good. Read below the fold...

Back from the brink in Ukraine?

Open dynastic looting at NYU

I hate to quote the NY Post, but since they got the story:

New York University’s controversial penchant under President John Sexton for doling out real-estate perks to top professors and executives also extended to his son.

Jed Sexton, whose sole affiliation with NYU was his status as the president’s son, for years enjoyed a spacious faculty apartment while the university experienced a “severe” housing shortage, The Post has learned.

In spring 2002, NYU ordered that a pair of one-bedroom apartments normally reserved for law school faculty be combined into a lavish, two-story spread in the heart of Greenwich Village, property records show.

The Harvard-educated Sexton, who was a 33-year-old aspiring actor at the time, shared the new duplex with his newlywed wife, Danielle Decrette, for the next five years, according to documents and people briefed on the situation.

How cozy! Read below the fold...

Dammit, I missed the blood moon

But on the bright side, it's raining, so all the winter crud is being washed away. Optimism! Read below the fold...


Going down to the 40s tonight; about 50 degrees lower than I'm used to (modulo air con, which I turned off at night). Read below the fold...

Tweet of the day (2)

Tweet of the day

Should I upgrade to OS X 10.9.2?

In the past, I would have upgraded automatically. Now, I'm not so sure. OS X has stability and quality problems it didn't use to have, basically since iOS features began to invade it. Read below the fold...

Paul Krugman, not knowing what he's saying, says it

Krugman writes:

One thing I learned from reporting on the Madoff affair was the term “affinity fraud”: people are easily duped by con men who seem to be like them, to be their kind of people.

Look, I don't have to point out why this is so funny, right? Read below the fold...

"I'm Done Making My Kid's Childhood Magical"

Not that I'm qualified by experience to speak, except to note that this is an excellent rant. Re-arranged slightly:

Today, parents are being fed the idea that it benefits children to constantly be hand in hand, face to face, "What do you need my precious darling? How can I make your childhood amazing?" You can't walk through Pinterest without tripping over 100 Indoor Summer Craft Ideas, 200 Inside Activities for Winter, 600 Things To Do With Your Kids In The Summer. 14 Million Pose Ideas For Elf on The Shelf. 12 Billion Tooth Fairy Strategies. 400 Trillion Birthday Themes.

This is how I remember childhood too: Read below the fold...

To the NSA on #heartbleed: Any way you look at it, you lose

This seems to be my day for quoting Kevin Drum:

Heartbleed is a Sucking Chest Wound in the NSA's Reputation
I'm honestly not sure which would be worse. That the NSA knew about this massive bug that threatened havoc for millions of Americans and did nothing about it for two years. Or that the NSA's vaunted—and lavishly funded—cybersecurity team was completely in the dark about a gaping and highly-exploitable hole in the operational security of the internet for two years. It's frankly hard to see any way the NSA comes out of this episode looking good.

"Looking good"? Read below the fold...


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