What if Apple were added to the Dow Jones?⇢

Adam Nash:

As of September 17, 2012, AAPL closed at 699.781/share. As it turns out, if Dow Jones had added Apple instead of Cisco in 2009, the index would now be at 16,617.82. Hard to think that hitting all new highs wouldn’t be material for market psychology and the election.

Without Apple, the Dow sits at 13,553.10. It seems silly to me not to include Apple, and it really speaks volumes that a group of people thought Cisco was the way to go.

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‘You Say You Respect Life?’⇢

My friend Randal Cooper, whose life has also been touched by brain cancer, on healthcare reform:

I suppose that when my niece hits twenty-whatever, she’ll have to get her own insurance, and an inoperable brain tumor would fall under the category of “preexisting condition” and wouldn’t have been covered, so the choice would be pay out of pocket for thousands of dollars in scans every year, or take her chances with having a resurgence that could kill her.

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Expired Assault Weapons Ban Would Have Covered Rifle Used In Colorado Shooting⇢

Zack Beauchamp:

One of the principal weapons used by James Eagan Holmes in the horrific Dark Knight Rises shooting would have been subject to a series of sharp restrictions under the now-expired federal Assault Weapons ban. The AR–15 rife carried by Holmes, a civilian semi-automatic version of the military M–16, would have been defined as a “semiautomatic assault weapon” under the Violent Crime Control and Law Enforcement Act of 1994. If the law was still in force, semiautomatic assault weapons would have been outright banned.

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I’m not commenting on this, as I just keep typing the f-bomb over and over in ALL CAPS.⇢

Rep. David Dreier, via Igor Volsky:

And I believe my state of California has a structure in place to deal with pre-existing conditions. It’s a pooling process, which I think is one worthy of consideration, because while I don’t that think someone who is diagnosed with a massive tumor should the next day be able to have millions and millions and millions of dollars in health care provided, I do believe that there can be a structure to deal with the issue of pre-existing conditions.

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On Obamacare’s Popularity

Igor Volsky:

While Americans may not like “Obamacare” — and the political process of passing it — they do support its major provisions and are likely to resist any effort by Republicans to take away their benefits. A recent Reuters/Ipsos poll found that while 56 percent of Americans oppose the law as a whole, 61 percent of respondents favored allowing young adults to stay on their parents’ insurance plans until age 26, 72 percent wish to maintain the requirement that companies with more than 50 workers provide health insurance for their employees, and 82 percent of respondents favored banning insurance companies from denying coverage to people with pre-existing conditions. As more benefits roll out in 2014, it will be increasingly difficult for Republicans to argue for their repeal.

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Upheld

In a 5–4 decision, the Supreme Court today voted to uphold “Obamacare,” a set of laws concerning Americans’ access to healthcare. 1

(The actual name is the “Patient Protection and Affordable Care Act.”)

Chief Justice John Roberts wrote the majority opinion, citing Congress’s power to tax as being legal ground to uphold the laws.

By upholding PPACA, the Supreme Court has allowed the federal government to enforce things like protection for children with preexisting conditions, the patient’s bill of rights and more.

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