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Oct 28, 2015

The Guardian | World | Australian Politics - October 28, 2015: Doctors warn against US-style system as changes to health insurance signaled

theguardian.com

Doctors warn against US-style system as changes to health insurance signaled

Daniel Hurst
 
The Turnbull government is paving the way for changes to “inefficient” regulation of health insurance in Australia, prompting doctors to warn against moving towards a US-style system where private funds play a much greater role in primary care services.
The health minister, Sussan Ley, said she would soon seek public feedback on private health insurance so the government could frame policies to “deliver the best value for consumers first and foremost”.
Ley signalled that the health department-led review could have a broad focus, although she sought to avoid buying into specific options, including whether the government was still aiming to eventually wind back Labor’s decision to save the budget billions of dollars by means testing the private health insurance rebate.
Insisting she did not have a predetermined view of what the review should recommend, Ley indicated the process would explore “opportunities to amend unnecessary and inefficient regulation which adds costs for the consumer”.
“Consumers are becoming increasingly concerned with the value for money - or lack thereof – they are currently receiving from their private health insurance products, as are taxpayers, with an annual $6bn investment,” she told the National Press Club in Canberra on Wednesday.
“Everything is going to be on the table in terms of how people might want the system to look or how they may want it not to look, what changes they may support and what changes they may not like.”
Changes to regulatory burdens could “free up private health providers to offer consumers the best-value services available”, Ley said.

GATA | THE GATA DISPATCH - October 28, 2015: Austrian Central Bank Won't Answer Questions About Its Exec's Remark on Gold Intervention.

Austrian central bank won't answer questions about its exec's remark on gold intervention

Submitted by cpowell on Wednesday, October 28, 2015.October 28, 2015
Freelance financial journalist Lars Schall reports today that the Austrian central bank has refused to answer his questions about the assertion last week by the bank's executive director, Peter Mooslechner, that Asian central banks are using their gold reserves to intervene secretly in the gold and currency markets, an assertion reported to you here:
http://www.gata.org/node/15878
Schall writes that he received today the following reply from the head of the Austrian central bank's press office, Christian Gutlederer: "Sorry, we are not going to answer your questions. We never comment on our investment strategy and trading."
Schall's updating on the issue is posted at his Internet site here:
http://www.larsschall.com/2015/10/27/again-and-again-no-answers-from-cen...
Schall had sent these questions to Mooslechner:
-- Can you elaborate on the trading of gold by central banks and their use of gold for market intervention?
-- Exactly which central banks are doing this trading and intervention, what are its purposes, objectives, and results, and what markets are involved?
-- Are this trading and intervention public and announced or are they secret and surreptitious?
-- Are this trading and intervention undertaken directly by central banks or through intermediaries?
-- If this trading and intervention are undertaken through intermediaries, who are they?
-- Should markets and citizens generally have the right to know about this trading and intervention?
-- And how do you know about it, Herr Mooslechner?
Schall did not ask the Austrian central bank to "comment on our investment strategy and trading."

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

WSJ | Forex Closing on October 28, 2015.

The Wall Street Journal Forex Closing
Major Currencies
Wednesday, October 28, 2015
Last
US$ vs.
Americas in US$ per US$ % chg
Argentina peso 0.1049 9.5287 0.13
Brazil real 0.2558 3.9094 0.54
Canada dollar 0.7581 1.3192 -0.59
Chile peso 0.001454 687.80 -0.01
Colombia peso 0.0003423 2921.00 -0.95
Ecuador US dollar 1 1 unch
Mexico peso 0.0601 16.6380 0.56
Peru new sol 0.3051 3.2773 -0.08
Uruguay peso 0.03399 29.4200 -0.14
Venezuela bolivar 0.15859045 6.3056 0.01
 
Asia-Pacific

WSJ | Major Indexes Closing on October 28, 2015.

The Wall Street Journal Major Indexes Closing
Major Indexes 5:45 p.m. EDT 10/28/15
  Last Chg % Chg
DJIA* 17779.52 198.09 1.13
DJ Transportation Average* 8070.08 6.52 0.08
DJ Utility Average* 582.77 -7.76 -1.31
Nasdaq* 5095.69 65.55 1.30
Nasdaq 100* 4678.58 39.34 0.85
S&P 500* 2090.35 24.46 1.18
S&P 400 Mid-Cap* 1453.57 28.92 2.03
S&P 600 Small-Cap* 698.55 18.72 2.75
DJ Total Stock Market* 21632.46 293.62 1.38
NYSE Composite* 10538.20 138.02 1.33
NYSE Financial* 6570.57 115.75 1.79
Russell 2000* 1178.72 33.42 2.92
NYSE MKT Composite* 2316.64 49.08 2.16
KBW Bank* 74.86 2.54 3.51
PHLX Gold/Silver* 54.09 -0.48 -0.88
PHLX Housing Sector* 233.01 4.36 1.91
PHLX Oil Service* 177.42 5.68 3.31
PHLX Semiconductor* 677.21 11.50 1.73
* at close
See All Major U.S. Indexes

CMI Spot Prices as of Close of Trading in New York on October 28, 2015.

CMI Gold & Sliver

Spot Prices as of traditional New York closing times

Wednesday, October 28, 2015


Gold

Today Change Week Ago Month Ago Year Ago
$1,177.90 +$10.80 $1,168.60 $1,132.90 $1,224.65

Silver

Today Change Week Ago Month Ago Year Ago
$16.33 +$0.44 $15.75 $14.57 $17.28

Platinum

Today Change Week Ago Month Ago Year Ago
$1,014.90 +$23.10 $1,008.80 $924.50 $1,270.90

Palladium

Today Change Week Ago Month Ago Year Ago
$687.75 +$7.90 $677.90 $652.75 $801.50

Gold/Silver Ratio

72.14

WSJ | Biggest Decliners Closing on October 28, 2015.

NYSE Biggest Percentage Decliners | Nasdaq | Arca | Composite
Wednesday, October 28, 2015 - 4:46 pm ET
  Issue(Roll over for charts and headlines) Price Chg % Chg Volume
1 Installed Building Products (IBP) $21.57 -3.52 -14.03 885,207
2 Intrepid Potash (IPI) 4.10 -0.65 -13.68 5,996,345
3 Rubicon Project (RUBI) 14.42 -2.11 -12.76 2,845,216
4 EverBank Financial (EVER) 18.30 -2.08 -10.21 3,482,711
5 Eros International (EROS) 15.35 -1.72 -10.08 2,238,886
6 AAC Holdings (AAC) 23.76 -1.96 -7.62 659,193
7 Rite Aid (RAD) 8.06 -0.61 -7.04 242,114,334
8 Startek (SRT) 3.45 -0.26 -7.01 9,139
9 Commercial Metals (CMC) 15.24 -1.13 -6.90 5,174,896
10 Cellcom Israel (CEL) 7.25 -0.52 -6.69 67,306

WSJ | Most Actives Closing on October 28, 2015.

The Wall Street Journal Most Actives Closing
Most Active Stocks by Volume
4:46 pm ET 10/28/2015
NYSE
Issue Volume Price Chg % Chg
Rite Aid (RAD) 242,114,334 $8.06 -0.61 -7.04
Bank of America (BAC) 145,664,345 17.28 0.88 5.37
Twitter (TWTR) 88,729,548 30.87 -0.47 -1.50
General Electric (GE) 70,882,950 29.39 -0.07 -0.24
Vale ADR (VALE) 40,406,999 4.24 -0.06 -1.40
Itau Unibanco Holding ADR (ITUB) 38,043,549 6.80 0.07 1.04
Ford Motor (F) 34,339,375 14.97 0.23 1.56
Pfizer (PFE) 34,143,657 35.45 0.46 1.31
Alcoa (AA) 33,152,257 8.99 0.26 2.98
Freeport-McMoRan (FCX) 32,013,700 11.78 0.17 1.46
Barrick Gold (ABX) 31,780,723 7.69 0.14 1.85
Petroleo Brasileiro ADR (PBR) 28,392,103 4.79 0.09 1.91
Sprint (S) 27,946,699 5.01 0.13 2.66
Boston Scientific (BSX) 27,778,306 18.40 1.58 9.39
AT&T (T) 27,355,787 33.42 0.21 0.63
SunEdison (SUNE) 25,556,096 7.80 0.71 10.01
Charles Schwab (SCHW) 25,160,335 30.94 1.09 3.65
Alibaba Group Holding ADR (BABA) 24,889,473 82.35 2.91 3.66
Kinder Morgan (KMI) 23,423,044 27.74 0.46 1.69
Citigroup (C) 23,312,357 54.73 2.12 4.03
Banco Bilbao Vizcaya Argentaria ADR (BBVA) 23,140,203 9.09 0.20 2.25
Chesapeake Energy (CHK) 21,945,184 6.97 0.25 3.72
American International Group (AIG) 21,635,627 63.89 2.97 4.88
Kinross Gold (KGC) 20,852,123 2.17 -0.11 -4.82
Banco Santander ADR (SAN) 20,805,201 5.70 0.06 1.06
 
Nasdaq