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As a congressman, Georgia Republican Tom Price has been thwarted in his hopes to repeal the Affordable Care Act and transform Medicare into a voucher-like program for future participants. Now, as President-elect Donald Trump’s choice to run the Department of Health and Human Services, Price will wield great power as Trump’s top health policy adviser and preside, Republicans hope, over the dismantlement of President Barack Obama’s signature health care law. Price, 62, carries himself with a surgeon’s confidence and possesses deep knowledge of health policy. He is one of very few Republicans to actually propose a replacement for Obamacare, and...

President-elect Donald Trump has selected Georgia Rep. Tom Price, a leading critic of President Barack Obama’s sweeping health care law, to head the Department of Health and Human Services, according to a person familiar with the decision. If confirmed by the Senate, Price will play a central role in Republican efforts to repeal and replace the current health care law. Trump has pledged to move quickly on overhauling the landmark measure, but has been vague about what he hopes to see in a replacement bill. …

WASHINGTON — President-elect Donald J. Trump has selected Representative Tom Price, a six-term Republican congressman from Georgia who has led opposition to the Affordable Care Act, to be secretary of health and human services, according to a transition team official. Mr. Price, an orthopedic surgeon, has been a severe critic of the health law, saying it interferes with the ability of patients and doctors to make medical decisions. And he says that events have borne out his warnings. “Premiums have gone up, not down,” Mr. Price said recently. “Many Americans lost the health coverage they were told time and time...

The top exec at an oil trading company thinks the era of crude trading at over $100 a barrel might never return, and the stuff could remain between $40 and $60 for as long as the next 10 years. "You have to believe that there is a possibility that you will not necessarily go back above $100, you know, ever," Ian Taylor, Chief Executive Officer of Vitol Group BV, told Bloomberg. His company is the world's largest independent oil trader. Instead of any significant increase or decrease, the exec believes crude could hit $45 to $50 a barrel in the...

The Russian economy's heavy reliance on energy, plus Western sanctions imposed because of Moscow's role in the Ukraine conflict, have left the country in its worst financial position since the depths of the global financial crisis eight years ago...About half of Russia's annual budget relies on revenues from its prodigious production of oil and gas,...

<p>Turkish police were Monday hunting a man who sprayed a teahouse in the northwest of the country with bullets after he took umbrage for being charged "double" for a glass of traditional tea.</p> <p>A fight erupted between the man and the owner of the teahouse in Kocaeli province near Istanbul when he was asked to pay two Turkish liras (about 65 US cents) for a glass of tea -- usually sold for half that price at teahouses across the country.</p>

When Gravity Payment's CEO Dan Price announced on April 13 that he would raise the minimum wage of his staff to $70,000 a year, the story went beyond viral: it took the media, especially the part of it which has been obsessing with income and wealth inequality which in the aftermath of Piketty would be most of it, by meteoric storm. Not only that, but the soon to be lionized young chief executive doubled down on this story of "purest of corporate nobility" by announcing he would cut his own compensation of $1.1 million to offset the cost.

Rep. Steve Scalise told supporters in a conference call Sunday evening that he has the votes to win the race for majority leader, according to sources on the call.The Louisiana Republican, currently the majority whip, sent an email to supporters Sunday saying he had a "big announcement." Speaker John Boehner (R-Ohio) is considering moving back the election, a move that would give conservatives time to find someone to oppose Scalise and Rep. Tom Price (R-Ga.), who is also running for the post.

This show is from February, was this guest correct? listen in to find out! Jim Lacamp, Sr. VP of Investments at UBS talks about declining oil prices and likely price trends in 2015.

There goes crude oil again. On Tuesday morning, West Texas Intermediate crude futures in New York fell 4% to as low as $43.03 per barrel. Brent crude, the international benchmark, was also lower, near $50 per barrel, after on Monday having its biggest one-day jump in a month. We got OPEC's latest monthly production numbers Tuesday morning, and they showed that production surged to a three-year high in July. The 12-member oil cartel has overshot its production target for at least a year in a bid to maintain its market share. After what seemed like a recovery in prices around...

A new Foreign Military Intelligence (GRU) report circulating in the Kremlin today is saying that United States Secretary of State Hillary Clinton was injured, and a top US Navy Seal Commander killed when their C-12 Huron military passenger and transport aircraft crash landed nearly 3 weeks ago in the Iranian city of Ahvaz near the Iraqi border. Iranian intelligence agents quoted in this GRU report confirm that the C-12 Huron aircraft is still in their possession in Ahvaz, but will only admit that the plane was “forced to land because of technical problems.” The US Navy Seal member reported killed...

The Supreme Court is probably about to hand congressional Republicans a once-in-a-lifetime chance to eradicate the Obamacare contagion from the body politic, but the GOP has been typically timorous concerning whether to take advantage of this opportunity. A refreshing exception to this poltroonery has been Tom Price, Chairman of the House Budget Committee. Price, who practiced medicine in Atlanta for twenty years before coming to Congress, has not only introduced an eminently viable replacement for the imploding health care “reform” law, but has also said he won’t support proposed legislation that would temporarily extend Obamacare subsidies that SCOTUS deems illegal....

Right now the oil market is totally focused on finding a bottom for oil prices. However, according to OPEC's Secretary-General Abdulla al-Badri we've already hit bottom. Not only that, but he sees a real possibility that oil prices could explode higher to upwards of $200 per barrel in the future. He's far from the only one that sees a return of triple-digit oil prices. Finding a bottom: According to recent comments by the Secretary-General when he was in London, the oil market doesn't need to look for oil prices to bottom as the market has already bottomed. Instead, he offered...

RUSH: This is a good point here. A story by Alex Pollock at Real Clear Markets: "Why Did No One Predict the Oil-Price Collapse?" This interests me. "We have just had a free fall in one of the most important prices in the world-the price of oil. Looking back, we are keenly aware that it dropped about 60% from its 2014 high to its recent low. Although some people thought the price of oil would go down, nobody (at least nobody that I can find) publicly predicted anything like this big a drop. Why? Oil prices went from $108 a...

(WASHINGTON, December 29, 2014) Average gas prices in two states – Missouri ($1.93) and Oklahoma ($1.98) – have dropped below $2.00 per gallon for the first time since 2009. The national average has fallen 95 days in a row for a total of $1.06, and prices have plummeted $1.38 (nearly 40 percent) since the start of June. The national average price for regular unleaded gasoline is $2.29 per gallon, and motorists are saving 11 cents per gallon compared to one week ago, 49 cents compared to one month ago and $1.02 per gallon compared to this same date last year....

The collapse of the oil price has snared its first West Australian victim with Red Fork Energy losing the support of its major lender. The Perth-based company drills shale rock onshore in the United States, producing oil and gas. But it is completely exposed to the US shale industry, which analysts say has become unviable at current oil prices. The oil price has tumbled 40 per cent in recent months, dragging down the value and margins of oil and gas producers. Red Fork's major lender, Guggenheim Corporate Funding, called in the receivers this week

WTI has now dropped over $2 today with December futures trading below $75 for the first time in over 4 years... "unequivocally good news" right?

$75 dollars a barrel – that’s the price crude oil would have to hit for frackers in North Dakota’s Bakken fields to feel pressure to slow new production, according to Greg Zuckerman, author of “The Frackers” and a special reporter at the Wall Street Journal. “All these guys have hedged. They’ve got production [and] they’ve already got the acreage. They’re not gonna stop but maybe they’ll kind of slow new stuff.” Fracking in other parts of the country, though, is likely to be much more resilient. In Texas’s Eagle Ford and Permian basin, Zuckerman says oil prices would have to...

Longtime Dallas County Commissioner John Wiley Price and his top assistant were arrested Friday morning by the FBI on federal bribery conspiracy charges. An indictment filed Wednesday and unsealed Friday morning lists the following charges against Price, who was taken into custody about 8 a.m.: Conspiracy to Commit Bribery Concerning a Local Government Receiving Federal Benefits Deprivation of Honest Services by Mail Fraud and Aiding and Abetting Conspiracy to Defraud the Internal Revenue Service Subscribing to a False and Fraudulent U.S. Individual Income Tax Return "The indictment unsealed today alleges that for more than a decade, in a shocking betrayal...

It's not just beef, pork, shrimp, eggs, and orange juice... Submitted by Michael Snyder of The Economic Collapse blog, Do you think that the price of food is high now? Just wait. If current trends continue, many of the most common food items that Americans buy will cost more than twice as much by the end of this decade. Global demand for food continues to rise steadily as crippling droughts ravage key agricultural regions all over the planet. You see, it isn't just the multi-year California drought that is affecting food prices. Down in Brazil (one of the leading exporters...