Insurers to cover mental illness

In a step towards reducing myths and stigma associated with mental illness, the insurance regulator today asked insurers to cover mental illness under medical insurance policy, treating it at par with physical illness. In a circular, the Insurance Regulatory and Development Authority today asked insurers to make provision for medical insurance for treatment of mental […]

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Comments on July Housing Starts

by Bill McBride on 8/16/2018 11:01:00 AM Earlier: Housing Starts at 1.168 Million Annual Rate in July Housing starts in July were disappointing once again, and starts for May and June were revised down.  However this was just the second month of disappointing starts, and most of the decline was in multi-family starts that are […]

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MBA: Mortgage Delinquency Rate decreased in Q2

by Bill McBride on 8/16/2018 10:34:00 AM From the MBA: Mortgage Delinquencies Down in 2nd Quarter of 2018 The delinquency rate for mortgage loans on one-to-four-unit residential properties fell to a seasonally adjusted rate of 4.36 percent of all loans outstanding at the end of the second quarter of 2018. The delinquency rate was down […]

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Trump thinks his tariffs are saving the US steel industry

President Donald Trump believes his divisive metals tariffs will save the American steel industry — despite any pain the duties have caused so far. In an interview Wednesday with The Wall Street Journal, the president contended that his trade actions would reduce foreign competition and boost a flagging industry. While steel prices may temporarily be […]

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Housing Starts at 1.168 Million Annual Rate in July

by Bill McBride on 8/16/2018 08:40:00 AM From the Census Bureau: Permits, Starts and Completions Housing Starts:Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,168,000. This is 0.9 percent above the revised June estimate of 1,158,000, but is 1.4 percent below the July 2017 rate of 1,185,000. Single-family housing starts […]

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US jobless claims fall for a second straight week

The number of Americans filing for unemployment benefits fell for a second straight week last week, suggesting no impact yet on the labor market from ongoing trade tensions between the United States and its trading partners. Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 212,000 for the week ended Aug. 11, […]

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How to Be Happy (Ep. 345)

The U.N.’s World Happiness Report — created to curtail our unhealthy obsession with G.D.P. — is dominated every year by the Nordic countries. We head to Denmark to learn the secrets of this happiness epidemic (and to see if we should steal them).

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