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The Obamacare tech team should add another pressing cyber issue to its to-do list. As Mother Jones reports, web secuirty experts warn that that Healthcare.gov (and various state exchanges), the Obamacare websites, has a security flaw that could make sensitive user information, including Social Security numbers, vulnerable to hackers. The website, reportedly, has a coding problem that could allow hackers to deploy a technique called “clickjacking,” where invisible links are planted on a legitimate web page. Using this scheme, hackers could trick users into giving up personal data as they enter it into the web site, potentially placing Americans at risk of identity theft or allowing fraudsters to file bogus health care claims.

 

Via Mother Jones,

…

 

it’s not just the federal exchange that has security problems. Some of the 15 states that have established their own online exchanges aren’t using standard encryption throughout their Obamacare websites—leaving user information at risk.

 

…

 

Here’s the problem: When an American signs up for Obamacare online, they must enter a good deal of personal information to verify identity—including name, Social Security number, phone number, email address, income, and employer—and identifying information for their family members. In the majority of states, Americans will enter this information directly into the Healthcare.gov website.

 

Kyle Wilhoit, a threat researcher at Trend Micro, a Japanese security software company, studied the Healthcare.gov portal with his security team and found a “moderate risk” for hacking due to an easy-to-fix coding problem that leaves the site vulnerable to clickjacking.

 

…

 

“Common clickjacking would be a popular method to attempt to exploit [the site]” says Wilhoit. “Hackers could use this information in the creation of fake identities, fake credit cards, and fake accounts very easily.” He adds that it’s relatively easy to fix, although the fixed code would need to rolled out on multiple Healthcare.gov pages and potentially state websites as well.

 

Asked about clickjacking concerns, the Department of Health and Human Services (HHS) referred Mother Jones to this security statement, which says that Americans don’t need to worry: “If a security incident occurs, an Incident Response capability would be activated, which allows for the tracking, investigation, and reporting of incidents.”

 

…

 

Some state Obamacare sites could be significantly more vulnerable than the federal portal. Healthcare.gov site uses a common form of encryption called Secure Sockets Layer (SSL), which prevents information from being intercepted by a hacker after you click “send” (SSL doesn’t defend against most clickjacking). But the 15 states currently running their own independent Obamacare websites do not have explicit instructions from the HHS to use SSL.

 

…

 

“These state sites…represent more viable targets for direct attack” than the federal data hub, Budd argues. And hackers have been known to target state healthcare programs—last year, over 280,000 Social Security numbers were stolen from Utah’s Medicaid server.

 

…

 

Many security experts argue that Healthcare.gov’s code would quickly improve if it was open source—posted publicly for other programmers to examine, adapt, and improve. In fact, the code for the site was originally supposed to be open source. But HHS removed its code from open-source websites after developers complained they had trouble distinguishing which code belonged to which part of the website. Since then, all of Healthcare.gov’s coding mistakes have happened behind closed doors.

So apart from low sign-up rates, inability to handle visitor volumes, FUBAR Account creation, incorrect pricing guidelines, helpline overload, and security holes… Obamacare is a great success so far

via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/cF7_jSt2Iyc/story01.htm Tyler Durden

Submitted by Bill Bonner via Acting-Man blog,

Alan Greenspan’s Shock Revelation

“We really can't forecast all that well. We pretend that we can but we can't. And markets do really weird things sometimes because they react to the way people behave, and sometimes people are a little screwy.”

 

– Alan Greenspan, speaking this week on “The Daily Show”

 

“Jobs Report Leaves Fed in Doubt,” was a big headline on Wednesday morning. Later in the day came this: “Dow down 54 on jobs concern.” What is the Fed in doubt about? To taper, or not to taper, that is the question. And why should a jobs report make any difference?

Oh, dear reader, where have you been? Don’t you know everyone now sits on the edge of his seat wondering when and how the Fed will back off from its massive QE program? And don’t you know the future of civilization hangs in the balance? On that point, we have a position… a thought… a reaction. Civilization hangs in the balance, but not in the way you think.

 

Asking for Trouble

 We have been trying to introduce a new way of looking at civilization. In short, we’ve tried to make it more civilized. What is the difference between a civilized community and a barbaric one? We have introduced a simple test. The civilized community relies mostly on cooperation and consent. The uncivilized community depends heavily on force and violence.

A French historian first introduced the word “civilization” less than 300 years ago. Since then there has been much argument about what it means. We enter the fray gingerly, but sure of ourselves. It only makes sense on our terms. A civilized community is peaceful; a barbaric one is not.

“Okay, Bill,” you may be saying to yourself. “I’ll give you that one… I guess. But what the hell difference does it make? What has it got to do with the jobs report?” Good questions. Glad you asked.

We know from bitter experience that trying to force economies to do what you want is a thankless task. Markets are fundamentally based on free exchange, cooperation, trust and trade. Force them in one direction or another and you are just asking for trouble.

As Alan Greenspan described this week, in an interview with John Stewart on “The Daily Show,” people are a little “screwy” from time to time. Which means they don’t necessarily go along with your central planning, no matter how good you think it is.

But still economists insist that, if they are allowed to monkey around with it, they can make an economy better. This is occasionally true. Said occasion is usually when they have already messed it up. By withdrawing some of their planning and programs, they may allow it to recover. Otherwise, there is no example in history where force has been successfully applied to economics.

 

Compounding Errors

But that doesn’t stop the PhDs from trying. The jobs report showed about 60,000 jobs missing – fewer jobs than economists had projected. Now, the erring economists will most likely compound their error by continuing to try to force the economy to do their bidding – force up the rate of consumer price increases and force down the number of Americans out of work.

If they really wanted to increase employment, that would be easy enough. They would encourage the feds to withdraw some of the laws that bully employers (health insurance… EEOC threats… overtime, etc.)… or some of the schemes that make it easy for potential employees to remain unemployed (disability… unemployment benefits… food stamps). As far as we know, those things are not on the table.

What is on the table is more QE. With regards to QE, the poles of possibility are as follows:

1. QE does nothing important. If this were so, there would be no reason to keep it.
2. QE is essential to the economy. If this were so, they couldn’t get rid of it… no matter what the jobs report says.

Most likely, QE lies somewhere in between… perhaps lost in the horse latitudes. It probably has little effect on the real economy. That is why the jobs report is so disappointing. But it probably has a great effect on the financial economy. That’s why the Dow sets new record highs almost every session.

The Fed is probably stuck with QE. Were it to stop, the stock market would likely tumble and the “wealth effect” the PhDs have been aiming for would quickly turn into a poverty effect.

Janet Yellen couldn’t stand it. She believes the Fed should use all its available weapons to force the economy to do what she wants it to do. She won’t be able to stand by, dagger in hand, when the market turns its back on her. Instead, she will stab.

And the Fed, which has lived by the sword of QE, will probably die by it too.

via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/MhPx3EJl_3E/story01.htm Tyler Durden

Submitted by Bill Bonner via Acting-Man blog,

Alan Greenspan’s Shock Revelation

“We really can't forecast all that well. We pretend that we can but we can't. And markets do really weird things sometimes because they react to the way people behave, and sometimes people are a little screwy.”

 

– Alan Greenspan, speaking this week on “The Daily Show”

 

“Jobs Report Leaves Fed in Doubt,” was a big headline on Wednesday morning. Later in the day came this: “Dow down 54 on jobs concern.” What is the Fed in doubt about? To taper, or not to taper, that is the question. And why should a jobs report make any difference?

Oh, dear reader, where have you been? Don’t you know everyone now sits on the edge of his seat wondering when and how the Fed will back off from its massive QE program? And don’t you know the future of civilization hangs in the balance? On that point, we have a position… a thought… a reaction. Civilization hangs in the balance, but not in the way you think.

 

Asking for Trouble

 We have been trying to introduce a new way of looking at civilization. In short, we’ve tried to make it more civilized. What is the difference between a civilized community and a barbaric one? We have introduced a simple test. The civilized community relies mostly on cooperation and consent. The uncivilized community depends heavily on force and violence.

A French historian first introduced the word “civilization” less than 300 years ago. Since then there has been much argument about what it means. We enter the fray gingerly, but sure of ourselves. It only makes sense on our terms. A civilized community is peaceful; a barbaric one is not.

“Okay, Bill,” you may be saying to yourself. “I’ll give you that one… I guess. But what the hell difference does it make? What has it got to do with the jobs report?” Good questions. Glad you asked.

We know from bitter experience that trying to force economies to do what you want is a thankless task. Markets are fundamentally based on free exchange, cooperation, trust and trade. Force them in one direction or another and you are just asking for trouble.

As Alan Greenspan described this week, in an interview with John Stewart on “The Daily Show,” people are a little “screwy” from time to time. Which means they don’t necessarily go along with your central planning, no matter how good you think it is.

But still economists insist that, if they are allowed to monkey around with it, they can make an economy better. This is occasionally true. Said occasion is usually when they have already messed it up. By withdrawing some of their planning and programs, they may allow it to recover. Otherwise, there is no example in history where force has been successfully applied to economics.

 

Compounding Errors

But that doesn’t stop the PhDs from trying. The jobs report showed about 60,000 jobs missing – fewer jobs than economists had projected. Now, the erring economists will most likely compound their error by continuing to try to force the economy to do their bidding – force up the rate of consumer price increases and force down the number of Americans out of work.

If they really wanted to increase employment, that would be easy enough. They would encourage the feds to withdraw some of the laws that bully employers (health insurance… EEOC threats… overtime, etc.)… or some of the schemes that make it easy for potential employees to remain unemployed (disability… unemployment benefits… food stamps). As far as we know, those things are not on the table.

What is on the table is more QE. With regards to QE, the poles of possibility are as follows:

1. QE does nothing important. If this were so, there would be no reason to keep it.
2. QE is essential to the economy. If this were so, they couldn’t get rid of it… no matter what the jobs report says.

Most likely, QE lies somewhere in between… perhaps lost in the horse latitudes. It probably has little effect on the real economy. That is why the jobs report is so disappointing. But it probably has a great effect on the financial economy. That’s why the Dow sets new record highs almost every session.

The Fed is probably stuck with QE. Were it to stop, the stock market would likely tumble and the “wealth effect” the PhDs have been aiming for would quickly turn into a poverty effect.

Janet Yellen couldn’t stand it. She believes the Fed should use all its available weapons to force the economy to do what she wants it to do. She won’t be able to stand by, dagger in hand, when the market turns
its back on her. Instead, she will stab.

And the Fed, which has lived by the sword of QE, will probably die by it too.

via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/MhPx3EJl_3E/story01.htm Tyler Durden

First: we are not suggesting Japan’s army is comprised of radioactive mutants – perhaps just those stationed within 10 kilometers of the Fukushima gift that keeps on giving alpha through gamma rays. We are merely saying that if one takes Abe’s latest deluded ramblings that Japan is “ready to counter China’s power” literally instead of merely more nationalistic bluster by a prime minister whose first term ended in the runs (literally), then the demographically crippled island nation that has a soaring food and energy inflation problem, sliding wages and radiation that comes in 100,000+ RDA dosage increments, would be well advised to have a few invincible X-Men in its army’s ranks if indeed it has any intention of taking on China. Because as Walter Sobchak would say, “this is not Man(churia).”

What else did the not so big man, with the very big ego (supposedly because he thinks doing Goldman’s reflationary bidding helps anyone besides Goldman’s year end bonus pool), say? Some very strange things – from the WSJ:”Japanese Prime Minister Shinzo Abe said he envisions a resurgent Japan taking a more assertive leadership role in Asia to counter China’s power, seeking to place Tokyo at the helm of countries in the region nervous about Beijing’s military buildup amid fears of an American pullback.” He added that “many nations were concerned that China was  attempting to use force to change the status quo in Asia, adding that  Tokyo’s role as the region’s leader is to urge Beijing not to follow such a path.“

Uhm, did he say “Tokyo’s role as the region’s leader“? Precisely in what is Tokyo a leader any more? Imported Chinese smog? Unsolicited gamma radiation? Goughing at the pump? Sex doll sales? That pretty much covers Tokyo’s current leadership areas in the region. Sadly, it is this kind of sociopathological self-delusion (and denial) that is the mark of the Japanese government, and why not only was Fukushima a guaranteed outcome (and has now become the worst radioactive catastrophe in history, nearly three years after the explosion), but why day by day, Japan’s society is slowly sinking into the Pacific. Mostly metaphorically, but also literally.

The absolutely hilarious snippets from the sociopath continue:

In an exclusive, wide-ranging interview with The Journal, Mr. Abe also defended his program of economic reforms against growing criticism that the package lacks substance—though he offered few details of new programs, or a timetable, that anxious foreign investors have been seeking.d

What can one say but LOL. But the funniest stuff was naturally reserved for how this feeble, mutagenic David is approaching the Chinese goliath.

“There are concerns that China is attempting to change the status quo by force, rather than by rule of law. But if China opts to take that path, then it won’t be able to emerge peacefully,” he added.

 

“So it shouldn’t take that path, and many nations expect Japan to strongly assert that. And they hope that as a result, China will take responsible action in the international community.”

 

Mr. Abe, whom China has criticized as attempting to whitewash Japan’s wartime actions and beef up its military, also said countries in the region shared concerns over Beijing’s arms buildup.

 

“It’s not just Japan. Many countries have expressed concerns over the increase in China’s military spending which is not transparent,” he said.

Actually it is just Japan, because unlike Japan which still lives in the 80s and thinks it is a superpower, still thinks the Nikkei 30000 is just within reach, still thinks it can restart its 30 or so nukes, still thinks that buying Rock Center was a brilliant idea, and the Walkman and Trinitron are the second coming of the iPod, the other countries in the region know to keep their mouth shut when it’s good for them.

We are far more amused and impressed by China’s resilience to putting Abe in his place. Then again, it is just as easy to bleed Japanese society dry by exchanging China’s massive trade surplus for Japanese labor on ever more-devalued terms.

In retrospect, perhaps it really is not too late for Japan to get that radioactive mutant army, because at the rate things are going that will very soon be its only hope…

via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/wsXhVB0HtV0/story01.htm Tyler Durden

First: we are not suggesting Japan’s army is comprised of radioactive mutants – perhaps just those stationed within 10 kilometers of the Fukushima gift that keeps on giving alpha through gamma rays. We are merely saying that if one takes Abe’s latest deluded ramblings that Japan is “ready to counter China’s power” literally instead of merely more nationalistic bluster by a prime minister whose first term ended in the runs (literally), then the demographically crippled island nation that has a soaring food and energy inflation problem, sliding wages and radiation that comes in 100,000+ RDA dosage increments, would be well advised to have a few invincible X-Men in its army’s ranks if indeed it has any intention of taking on China. Because as Walter Sobchak would say, “this is not Man(churia).”

What else did the not so big man, with the very big ego (supposedly because he thinks doing Goldman’s reflationary bidding helps anyone besides Goldman’s year end bonus pool), say? Some very strange things – from the WSJ:”Japanese Prime Minister Shinzo Abe said he envisions a resurgent Japan taking a more assertive leadership role in Asia to counter China’s power, seeking to place Tokyo at the helm of countries in the region nervous about Beijing’s military buildup amid fears of an American pullback.” He added that “many nations were concerned that China was  attempting to use force to change the status quo in Asia, adding that  Tokyo’s role as the region’s leader is to urge Beijing not to follow such a path.“

Uhm, did he say “Tokyo’s role as the region’s leader“? Precisely in what is Tokyo a leader any more? Imported Chinese smog? Unsolicited gamma radiation? Goughing at the pump? Sex doll sales? That pretty much covers Tokyo’s current leadership areas in the region. Sadly, it is this kind of sociopathological self-delusion (and denial) that is the mark of the Japanese government, and why not only was Fukushima a guaranteed outcome (and has now become the worst radioactive catastrophe in history, nearly three years after the explosion), but why day by day, Japan’s society is slowly sinking into the Pacific. Mostly metaphorically, but also literally.

The absolutely hilarious snippets from the sociopath continue:

In an exclusive, wide-ranging interview with The Journal, Mr. Abe also defended his program of economic reforms against growing criticism that the package lacks substance—though he offered few details of new programs, or a timetable, that anxious foreign investors have been seeking.d

What can one say but LOL. But the funniest stuff was naturally reserved for how this feeble, mutagenic David is approaching the Chinese goliath.

“There are concerns that China is attempting to change the status quo by force, rather than by rule of law. But if China opts to take that path, then it won’t be able to emerge peacefully,” he added.

 

“So it shouldn’t take that path, and many nations expect Japan to strongly assert that. And they hope that as a result, China will take responsible action in the international community.”

 

Mr. Abe, whom China has criticized as attempting to whitewash Japan’s wartime actions and beef up its military, also said countries in the region shared concerns over Beijing’s arms buildup.

 

“It’s not just Japan. Many countries have expressed concerns over the increase in China’s military spending which is not transparent,” he said.

Actually it is just Japan, because unlike Japan which still lives in the 80s and thinks it is a superpower, still thinks the Nikkei 30000 is just within reach, still thinks it can restart its 30 or so nukes, still thinks that buying Rock Center was a brilliant idea, and the Walkman and Trinitron are the second coming of the iPod, the other countries in the region know to keep their mouth shut when it’s good for them.

We are far more amused and impressed by China’s resilience to putting Abe in his place. Then again, it is just as easy to bleed Japanese society dry by exchanging China’s massive trade surplus for Japanese labor on ever more-devalued terms.

In retrospect, perhaps it really is not too late for Japan to get that radioactive mutant army, because at the rate things are going that will very soon be its only hope…

via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/wsXhVB0HtV0/story01.htm Tyler Durden

A key challenge for most investors is meeting return bogies, but as Citi notes in the following 6 slides, generating a 10% return in this low-yield environment is still possible (aside from riding short-squeezes in #N/A P/E stocks) as long as you have the intestinal fortitude for the kind of leverage required…

 

How to Earn 10% in a Low Yield Environment?

Although less acute than early in the year, a key challenge for at least some investors is meeting return bogies.

How Much Leverage is Needed to Earn 10%?

We looked at how much financial leverage is needed to earn 10% for select assets. Required leverage is certainly higher than the historical norm, but variations across the markets are extraordinary.

How Risky are Levered Positions?

With respect to what could happen to levered positions in a tail scenario (defined as the single worst monthly performance during the post-Lehman period), we find that the most resilient assets tend to be cash corporates.

We also looked at the likelihood of each asset generating a negative outcome, and again cash corporates tend to fair well.

We also looked at the chance of beating a 10% return bogey (post-Lehman era), and once cash corporates look fairly attractive.

And the Winner Is…

For various risk metrics we rank each asset relative to the overall group (from 1 to 13, with 1 being the best). Using the average score for our overall ranking, we find that corporates are compelling.

So there it is, levered loans is the most 'efficient' way to gain 10% on a risky/levered basis – oh aside from the fact that The Fed, just yesterday,. announced it plans to introduce new loan underwriting standards for just that business…

 

Source: Citi

via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/BOEglZRMNfc/story01.htm Tyler Durden

Submitted by Charles Hugh-Smith of OfTwoMinds blog,

As the status quo crumbles, the state responds in the only way it knows: expand control and become increasingly authoritarian.

The Grand Narrative of the 21st century is the legitimization of the authoritarian state. The authoritarian state comes in many ideological flavors, but retains the commonalities of central control. It may label the system it controls communist, socialist or capitalist, but these distinctions are semantic: the authoritarian state controls the system, by one means or another.

Regardless of which version of the 9/11 story you believe or disbelieve, the reality is the same: the U.S. is engaged in an Orwellian global war without end, a war that doesn't just justify monitoring every communication on the planet but actively requires monitoring every communication on the the planet.

The Federal Reserve has extended its control of the U.S. economy, transforming it into a wealth-skimming machine for the top 1/10th of 1% with access to the Fed's credit creation. The Fed claims independence from the U.S. government, but this is also merely semantics: the Fed and U.S. Treasury are simply two facets of the authoritarian state.

We see the same narrative playing out around the world. In socialist France, the central state is extending its control over what little of the economy is still quasi-private; in nominally communist China, any weakening of the economy that can't be papered over with bogus statistics is soon followed by nationalist propaganda hyping one red-button issue or another (Senkaku Islands, etc.) to distract the populace from the increasingly fragile "recovery" in China's asset-bubble-dependent economy.

As the status quo crumbles, the state responds in the only way it knows: expand control and become increasingly authoritarian. This is of course a key dynamic in why things are falling apart: increasing central control only further distorts the mechanisms in the economy that seek equilibrium by self-correcting means.

Why is the authoritarian state illegitimate? Among the many reasons, we can start with three: the authoritarian state is the enemy, always and in all places, of individual liberty and free expression/the free press, and the authoritarian state is intrinsically a failed state, for the mechanisms of centralization and authoritarian control are ontologically destabilizing, regardless of the ideological flavor of the system the state controls.

via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/8G0N9kvcCno/story01.htm Tyler Durden

Things would sure be a lot easier for NSA boss Keith Alexander if we had a dictatorship. Alexander said:

I think it’s wrong that that newspaper reporters have all these documents, the 50,000—whatever they have and are selling them and giving them out as if these—you know it just doesn’t make sense.

We ought to come up with a way of stopping it. I don’t know how to do that. That’s more of the courts and the policymakers but, from my perspective, it’s wrong to allow this to go on ….

(The quote starts at 21:06. But it’s worth watching this failed propaganda attempt from the beginning, to see the bizarre mix of bold-faced lies, pseudo-sincerity and New Age music.)

There’s a little thing called the “Constitution” … but Alexander doesn’t believe in it.

If you don’t count this as a veiled threat, please read this and this.

BONUS:

Proof that NSA Spying Is Not Very Focused On Terrorism

Prominent Liberal Unearths Evidence of New World Order

via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/3KRtbFdoxO0/story01.htm George Washington

While no longer actively engaged in politcs, one of Ron Paul’s crowning achievements while in Congress, was to bring some much needed sunlight to the balance sheet, the activities, and secret bailouts of the Fed, and according to some, was being responsible for the “transaprency, openness, and forward guidance” approach to monetary policy. The paradox here, as the whole Taper – Non Taper shocking episode provied, is that the Fed itself is now caught in a reflexive Catch 22, and no longer can “renormalize” and extricate itself from its policy through “guidance” without in the process destroying everything it has achieved during the prior period of central planniing.

Still, despite Ron Paul’s unsung accomplishments there is much more to be done to expose just how actively the NY Fed’s trading desk participates in the fixing of the S&P500’s closing price day after day. For that, he will need the help of his son, Rand. Which is why as the Sunshine State News reports, “Sen. Rand Paul, R-Ky., is ramping up his opposition to President Barack Obama’s nomination of Janet Yellen to chair the Federal Reserve. Paul is teaming up with the Campaign for Liberty, chaired by his father former U.S. Rep. Ron Paul, R-Texas, to stand in opposition to Yellen and push legislation taking aim at the Fed.”

On Thursday, the Campaign for Liberty announced a video on the subject featuring Sen. Paul and John Tate, the president of the group.

 

“The Senate fight over Barack Obama’s Fed chair nominee is just around the corner,” Norm Singleton, the vice president of policy for the Campaign for Liberty, wrote supporters on Thursday. “And Senator Rand Paul has vowed to block the nomination until Harry Reid brings ‘Audit the Fed’ to the floor for a vote. This will be the fight of our lives — but this is our moment!

Will Paul and Paul succeed in getting some traction in the Democrat governed senate: the same Democrats who loathed the Fed when it was only in the news over how many trillions in bank bailouts it provided, but love it now that it is best known for monetizing the US deficit and funding various insolvent welfare programs? We doubt it, but we wish the luck.

Sadly, it is now far too late to change strategy and direction, and/or focus on anything besides salvage. Which is why it is perhaps best if Yellen et al are allowed unobstructed access to everything they want to engage in: print $100 billion a month? Fine, do it. Print $1 trillion? $1 quadrillion? Go for it!

If anything, encouraging America’s monetary politburo to hit their Weimar endgoal, is now in everyone’s best interest. Frankly, the reset can’t come fast enough.

Full clip

via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/jDe0A9JuEns/story01.htm Tyler Durden

Having fired a shot across Carl iCahn’s bow yesterday, PIMCO’s Bill Gross has a new target – once again talking his book…

Gross: By the way, I should spend more TIME like Bill Gates too — we all should. He and Melinda are great paragons.

— PIMCO (@PIMCO) October 25, 2013

Perhaps more Americans should spend more time that way… instead of watching every tick in AMZN and dreaming of retirement…

via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/EJU5yR2bHDw/story01.htm Tyler Durden