US loses AAA Rating

Re: WTF does other countries health care have to do with S&P ratings?

Aug. 16, 2011, 2:48 p.m. EDT
Merkel, Sarkozy plan tax, can eurozone bond idea

Markets react with disappointment; euro, stocks drop
By Sue Chang, MarketWatch
SAN FRANCISCO (MarketWatch) — German Chancellor Angela Merkel and French President Nicolas Sarkozy on Tuesday pledged to bolster the governance of the eurozone and proposed a new euro-zone council as part of their commitment to defend the euro, according to media reports.
Th
e two heads of state proposed European Council President Herman van Rompuy to lead the new council for two and a half years. The group will meet at least twice a year and more if needed, the reports said.
Merkel and Sarkozy said they also plan to propose in September a tax on financial transactions and a new measure to require all 17 members of the euro zone to balance their public finances before summer of 2012, the Wall Street Journal said. Read more on Merkel and Sarkozy at WSJ.com
However, the leaders rejected issuing euro-zone bonds, noting that the bonds will not resolve Europe’s problems nor help to restore confidence. The idea of euro bonds had gained traction in the financial markets as a possible weapon to tackle the euro-zone debt woes.
The French president stressed “a complete unity of views” with Merkel over the two countries’ desire to support the euro and to assume certain responsibilities, Reuters said.
Click to expand...
[more]
http://www.marketwatch.com/story/merkel-sarkozy-plan-tax-can-eurozone-bond-idea-2011-08-16
 
Re: WTF does other countries health care have to do with S&P ratings?

Now if Angela Merkel and France's President Nicolas Sarkozy can speak some good words?
:o
High pressure on Sarkozy-Merkel euro zone talks

On Tuesday August 16, 2011, 7:46 am EDTBy Leigh Thomas and Yann Le Guernigou
PARIS (Reuters) - The leaders of France and Germany meet for high-pressure talks on Tuesday to discuss what further measures they can take to shore up investor confidence in the euro zone following a dramatic market sell-off last week.
President Nicolas Sarkozy and German Chancellor Angela Merkel are under pressure to show financial markets they are in agreement on doing more to shore up the embattled currency union -- or risk watching the euro zone unravel.
http://finance.yahoo.com/news/High-...66.html?x=0&sec=topStories&pos=2&asset=&ccode=
 
WTF does other countries health care have to do with S&P ratings?

Scrappy said:
HA HA! Which ones of those countries do you have personal experience with regarding the health care they provide?
Click to expand...

James48843 said:
Canada, France, Germany, and the United Kingdom.

(My sister is a nurse anesthesist in a major medical center in London, Ontario Canada. They don't normally have such a thing in Canada- it's new to them. My sister was trained here in the U.S. and moved to Ontario years ago to practice this speciality, which is in demand there as they just recently started having nurses do this in Canada).

And you?
Click to expand...

RealMoneyIssues said:
Civilian or Military???
Click to expand...

James48843 said:
Some of both.
Click to expand...

Quite an interesting exchange. The original question was about "personal experience". Nothing against your sister but she isn't you. At least I don't think she is. I believe the question was intended to ask if you were ever the health care recipient under any of the mentioned countries' programs. If so did you have to use the program? If so what was you experience?

You never really answer any questions. At least since I have been on this MB. So how about you tell us what you do now, why you have personal knowledge of the great health care systems of "Canada, France, Germany and the United Kingdom" and where and when you did military service?

Inquiring minds would like to know. It would add to your credibility.

I myself have been a direct recipient of the UK NHS while in the US military at a remote location in Scotland. I suspect that some funds changed hands between the UK and US under the then current SOFA. I still have the card. I never tried to use it when I went back to the UK as a tourist. It would have been an interesting experiment to see if it still worked. Fortunately, I didn't get sick.

Let us have some details James zip code, how and when did you personally experience the mentioned countries health care systems?

When and where was this military service?

PO
 
Scrappy said:
HA HA! Which ones of those countries do you have personal experience with regarding the health care they provide? :notrust:
Click to expand...

Canada, France, Germany, and the United Kingdom.


(My sister is a nurse anesthesist in a major medical center in London, Ontario Canada. They don't normally have such a thing in Canada- it's new to them. My sister was trained here in the U.S. and moved to Ontario years ago to practice this speciality, which is in demand there as they just recently started having nurses do this in Canada).



And you?
 
HA HA! Which ones of those countries do you have personal experience with regarding the health care they provide? :notrust:

Legal prostitutes receive weekly "healthcare" and make 3 times my annual salary...................SO! :cheesy:

James48843 said:
Here are the S&P rated "AAA" countries remaining:



Note that every single one of them have very good national health care programs.

Every single one.

Click to expand...
 
Here are the S&P rated "AAA" countries remaining:

(and , incidentialy, their ratings by the World Health Organization on Health Care. The U.S. rated 37th overall.

Canada -30
Denmark - 34
Finland - 31
France - 1
Germany - 25
Hong Kong- (12th when counted seperately from China)
Isle of Man -(not rated)
Liechtenstein-(not rated)
Netherlands - 17
Norway- 11
Singapore- 6
Sweden- 23
Switzerland- 20
United Kingdom- 18
Click to expand...


Note that every single one of them have very good national health care programs.

Every single one.

 
Last edited:
RealMoneyIssues said:
More reason to revolt and require that we install a socialist government, or communist if that doesn't work...
Click to expand...

I can certaily agree to the revolt if need be being a child of the 60's, but I stop short, and I am not suggesting, we install a government be it socialist or worst case communistic. My point was that maybe a modicum of socialism must have some benifit to a socitywhich I feel it does.
 
An intreesting factoid:

Now that the US is rated AA+, the 6-8 countries who remain rated AAA would be referred to by many as socialist countries. Does anyone here find that odd?
 
Silverbird's Revised Financial News Headline: S&P Tries to Redeem Itself But Only Looks Like Captain Obvious
 
RealMoneyIssues said:
According to Bloomberg reporting, there are many other things that S&P will downgrade as government owned instruments can't have a rating better than the parent.

Interesting, more pain to come?
Click to expand...

Because Uncle Sam is essentially the guarantor on Fannie and Freddie (maybe not technically but that is the perception) anything that affects Uncle's credit affects them. This effect is already rolled into the market downturn. For the great unwashed out there though this sounds really scary and the media reporting causes even more panic selling which causes even more panic selling. Answer is Probably!
 
You must log in or register to reply here.
Back
Top