The nation’s commercial banks and savings institutions reported a 13% rise in net income in the third quarter, hitting a record as institutions’ profits soared and expenses moderated.

Read the Full Article: Source – Wall Street Journal
Time For Truth: (Wall Street Journal) – U.S. Banks Report Record Profit in Third Quarter

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A mother holds her infant son Luke during a visit with him at Lily’s Place, a treatment center for opioid-dependent newborns in Huntington, West Virginia, October 19, 2015.

The rates of babies in rural American areas born with symptoms of opioid withdrawal has skyrocketed, illustrating another symptom of the ongoing opioid epidemic spreading through parts of the United States.

Read the Full Article: Source – CNBC
Time For Truth: (CNBC) – Rising number of rural American babies born with opioid withdrawal

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Death awaits all of us, but how patiently? To unlock the mystery of when we’re going to die, start with an actuary.

Specializing in the study of risk and uncertainty, members of this 200-year-old profession pore over the data of death to estimate the length of life. Putting aside the spiritual, that’s crucial information for insurance companies and pension plans, and it’s also helpful for planning retirement, since we need our money to last as long we do.

Read the Full Article: Source – Bloomberg
Time For Truth: (Bloomberg) – Americans Are Dying Faster. Millennials, Too

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The federal government collected $3.27 trillion in taxes in fiscal year 2016, according to the latest monthly Treasury Department statement. The federal government ran a deficit of $587 billion despite the record revenue.

Treasury receipts include tax revenue from individual income taxes, corporate income taxes, social insurance and retirement taxes, unemployment insurance taxes, excise taxes, estate and gift taxes, customs duties, and other miscellaneous items.

Read the Full Article: Source – Free Beacon
Time For Truth: (Free Beacon) – Government Collects $3.27 Trillion in Taxes in Fiscal Year 2016

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A growing number of people in Obamacare are finding out their health insurance plans will disappear from the program next year, forcing them to find new coverage even as options shrink and prices rise.

At least 1.4 million people in 32 states will lose the Obamacare plan they have now, according to state officials contacted by Bloomberg. That’s largely caused by Aetna Inc., UnitedHealth Group Inc. and some state or regional insurers quitting the law’s markets for individual coverage.

Read the Full Article: Source – Bloomberg
Time For Truth: (Bloomberg) – More Than 1 Million to Lose Obamacare Plans as Insurers Quit

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