About the authorPaul VegasShare the loveHave your say Liverpool fullback Andrew Robertson: Too soon to consider tableby Paul Vegasa month agoSend to a friendShare the loveLiverpool fullback Andrew Robertson says they won’t focus on their Premier League leadership – just yet.The Reds, looking to capture their first ever Premier League title, sit five points clear of reigning champions Manchester City but Robertson claims they will not get carried away.Robertson said, “We’re not looking at the table just yet, there is still a long, long way to go.”Don’t get me wrong, it’s lovely to be five points clear but there are going to be twists and turns this season, as there were last season.”We’ve got off to a good start but it’s about keeping that going and keeping the momentum.”If we keep winning our games, that’s all that matters. But we won’t look at the table until it gets interesting.”
Man Utd boss Solskjaer explains wild touchline behaviourby Paul Vegas23 days agoSend to a friendShare the loveManchester United boss Ole Gunnar Solskjaer has explained his touchline behaviour at the beginning of their 1-1 draw with Arsenal.From the first minute, Solskjaer shouted on dozens of occasions, sometimes leaping from his seat at the back of the bench, and several times appearing to feverishly gesticulate towards players, including Paul Pogba, Andreas Pereira and Jesse Lingard.He shouted and pointed, waved his arms and had several intense discussions with the players near the sideline.The manager later explained to VG: “The first 15-20 minutes we were a little… I think we could have been a little more direct and positive. “I just wanted the boys to seize the moment, because I felt we controlled the first-half without really creating enough.”Sometimes you sit down, but other times you just get that feeling, you need to explain further.” About the authorPaul VegasShare the loveHave your say
Real Madrid goalkeeper Courtois blasts media: Lies and nonsenseby Carlos Volcano14 days agoSend to a friendShare the loveReal Madrid goalkeeper Thibaut Courtois has hit out at reports he’s suffering from ‘anxiety attacks’.Reports has circulated that the goalkeeper had to be taken off during half time of Real Madrid’s Champions League match against Club Brugge due to anxiety, something the club and now player vehemently denied.”I know what it means to be an elite player,” Courtois said. “I’m very happy and I don’t have anxiety problems.”Responsibility from the media is required to not publish lies and nonsense about things like that because at the end of the day, there are people who really suffer from those problems.”I think it’s disrespectful to the player and to the people who are really suffering.”I am happy and training hard and want to give the Real Madrid fans joy.”The people at the [Estadio] Santiago Bernabeu are always a critical audience, we [Real Madrid players] know that, and we will do everything so that they break out in applause.”After the match against Club Brugge, Real Madrid released a statement indicating he had acute gastroenteritis with dehydration and electrolyte imbalance.”I feel good now,” Courtois explained. “It was a strong bout of flu, and not pleasant at all.”Now I have recovered and was able to train almost all of Monday and Tuesday with the team, and did the entire session on Wednesday.”I feel strong again, and had lost a few kilos too.” About the authorCarlos VolcanoShare the loveHave your say
QUEBEC – Quebec is willing to contribute financially to the building of a link connecting Labrador to the island of Newfoundland, Premier Philippe Couillard said Thursday.“Not only are we willing to participate but because of the nation-building character of this project, we believe it would be natural for the federal government to be partnering with us,” Couillard told a news conference alongside Newfoundland and Labrador Premier Dwight Ball.The Quebec premier said it’s too early to say how much the province would give to a project that a study released Wednesday estimates would cost about $1.7 billion and take 15 years to complete.The proposed link would offer increased mobility to Labrador’s 27,000 residents and potentially bring more tourism dollars to communities around Yankee Point in Newfoundland, as well as saving travel time for truck drivers crossing from Quebec.Couillard’s “nation-building” reference came a day after Ball made a similar comment and said the project would benefit all Canadians.On Thursday, Ball repeated that sentiment.“I can imagine a corridor that when you drive from St. John’s, Newfoundland, into Vancouver, going through Route 138 (in eastern Quebec), it’s a significant piece of the infrastructure that would be required to make that work,” he said.“Route 138 would be an important piece of that investment for us and, feeding into a fixed link, would indeed be a nation-building project.”On Wednesday, Ball compared the potential link to P.E.I.’s Confederation Bridge, which was built in the late 1990s.Also on Thursday, Ball and Couillard announced a partnership to develop a mineral-rich area that straddles the provinces’ border.The partnership is aimed at developing the mining potential of the Labrador Trough, a 1,200-kilometre geological belt that holds major deposits of iron and other minerals.Under the agreement, the provinces will collaborate in such areas as geological mapping, transportation infrastructure, telecommunications and labour.Ball said the provinces want to create high-quality jobs and help the region compete for global mining investment dollars.The premiers announced the beginning of talks on co-operation last July.
Take Our Poll CALGARY – When it comes to Canada’s top places to live, the bragging rights go to Ontario.That’s according to Maclean’s magazine which ranked 415 communities across the country.The number one place to live is Burlington, ON while 16 other cities in that province were ranked in the top 20, the other four belonged to B.C.So how did Alberta fare in the rankings? According to the report, only three cities in the province made the top 50: St. Albert at 23, Canmore at 28 and Calgary at 33.FULL RANKINGS “Even though the oil and gas sector has been struggling a little bit in Alberta which has hurt the province in the rankings, Calgary is emerging as a solid pick for a place to live,” said Claire Brownwell with Maclean’s.The rankings take in several factors including affordability, crime stats and wealth and economy.The No. 1 city in Canada is in a hybrid location that gives residents the option to commute or work within its limits https://t.co/xQeE2vDFfh— Maclean’s Magazine (@macleans) August 8, 2019Brownwell said that Calgary’s top draws are urban amenities, entertainment and commute times.“It has the third most bars and restaurants of anywhere in the country in Calgary. It’s population is growing quickly, it’s grown ten per cent over the past five years.”She adds that small towns dominated the list with 31 of the top 50 places having populations under 40,000.While Calgary was able to crack the top 50, the same can’t be said for the Alberta capital, Edmonton was ranked 79th overall.READ MORE: The best community is Canada is…Unfortunately, other nearby communities didn’t rank so well in the report. Airdrie was placed at 346, Cochrane 143 and Strathmore was 308.The community at the bottom of the list: Mountain View County which surrounds the towns of Carstairs, Didsbury and Olds. Do you agree with Maclean’s ranking Calgary as the 33rd best community to live in Canada?YesNo, it’s too lowNo, it’s too highVoteView Results
APTN National NewsAnyone convicted of a crime will soon have to pay the fine or do the time.The Conservative government has proposed amendments to Bill C-37 that will increase victim surcharge fines and make them mandatory.In fact, the changes will double the fines and take away the judge’s ability to waive the fee.The surcharge is supposed to fund provincial programs to help assist victims but it’s been routinely waived by judges in the past.Critics say it will bring further anguish to the lives of the less fortunate.APTN National News reporter Annette Francis has more on the story.
In This Issue… * Risk takers head for the hills… * German Industrial Output soars! * Spending gets out of hand! * Yen runs alongside the dollar… And, Now, Today’s Pfennig For Your Thoughts! Elections Throw Euro Under A Bus… Good day… And a Tom Terrific Tuesday to you! I’m back in the saddle today, just in time for a few meetings today… UGH! I’m just not a “meeting person”… Once you get more than two or three people into a room, it tends to last longer than it should… But that’s just me… I know a lot of people that “live for meetings”… I was overcome with much sadness last night, when the Big Boss Frank Trotter, sent me an email, letting me know that his good friend, Peter Huber, had died. You see, I never met Peter, but we shared emails and a couple of phone calls a few years ago. Peter was diagnosed with kidney cancer, the same time I was diagnosed with the same disease. June 2007… We talked about the side effects of the chemo medicine we both took, and shared ideas of foods that didn’t upset our stomachs… Peter’s cancer spread too quickly, and after 5 years of trying every “new cancer treatment”, he died… I can’t help but fell sadness for his family, and sit here and think about how God has allowed me to go on… OK… sorry for the bummer beginning to today’s letter, but when I have something on my mind, or chest, I have to let it out… Well… last Friday, I sent you into the weekend talking about the elections that had held the euro hostage, that would be held in France and Greece… France got their socialist leader, good for them, I hope they have fun with that… And Greece got a government, no wait, no they didn’t… You see, the Greeks tried to vote in anti-euro leaders, but couldn’t get enough to form a government… Both of these elections couldn’t have gone any worse for the euro… France’s new leader, Hollande, ran on an anti-austerity platform… and for now, that will carry a lot of weight with traders and investors as far as their wanting to take on euro exposure. Of course, history tells us that eventually Hollande will see things along with the Germans… But, maybe, and here’s that phrase I dislike, “this time’s different”… Greece still hasn’t formed a government, so talk about a screwed up country! Sorry, I don’t mean to insult anyone that’s Greek, but come on, the country had a government that was doing the right things, bringing their excessive deficit spending down, but the pain apparently was too much for the citizens… Well, I’ve got news for them… That pain was nothing, compared to being bounced out of the euro! So… with the Big Dog, euro, getting hung out on a line, the footing for the currencies has been very slippery… And with the proxy for global growth, Australia, seeing their central bank debase the Aussie dollar (A$), the rest of the commodity currencies are also in search of terra firma. Gold & Silver have really seen heavy selling… but by whom? We’re not seeing it here on our metals desk… but, we’re not a “bullion bank”, or Big Swinging Metals Dealer, so maybe they’re seeing something different… U.S. stocks are getting their due too… dropping 4 days of the last 5… Which has people running to U.S. Treasuries again… Always running, never caring, that’s the life you live… sage words from the song I’m listening to right now… Red Rubber Ball, by the Cyrkle… Oh, by the way, the U.S. Treasury will auction $72 Billion worth of new Treasuries this week… And, oh, by the way, the U.S. Gov’t is doing their best to provide job security for the Treasury people… In the first 6 months of our fiscal year 2012, the U.S. Gov’t, has spent $1.84 Trillion. For comparison of numbers purpose only… For the entire year of 2001, the U.S. Gov’t spent $1.86 Trillion, which happened to be an all-time record at that time! But this current group will double that all-time record of 2001 this year… Speaking of 2001… I gave a presentation this past weekend to a group of people who had no idea who I was! Well give or take a couple of current Pfennig Readers, it was a new group that would hear things they hadn’t heard before… A lot of them signed up to read the Pfennig, so, welcome to you! The thing I was going to talk about though, was I showed them the U.S. Debt Clock of 2001, when our national debt was $5.7 Trillion… and then showed them the Debt Clock, circa 2012… $15.7 Trillion! The U.S. Gov’t has increased the national debt by $6.7 Trillion in the last 5 years… But the previous 5 years wasn’t exactly good, as the debt was increased $3.3 Trillion… I also told them that in 2001, Chuck had more hair, less weight, and few believers… OK… I’ve got to go on to something else before I explode here and begin throwing things! How could we as a country allow our leaders to do this to us, our kids, and grandkids? But right now… everyone wants to take pot shots at the Eurozone debt crisis, and not pay any attention to the U.S. debt crisis… Look, the Eurozone, as a whole, and the U.S. each contributed about 20% to the global GDP last year, so, it’s not like we’re comparing apples to oranges here… Both of these problems are nothing to ignore… The brightest shining star of the Eurozone, Germany, saw their Industrial Output jump 2.8% in March from Feb, which was 3 times the consensus forecast… And February’s -1.3% decline was revised upward to finish at -.3%, much better… and suggests to me that Germany probably skirted by the recession gauntlet… Well… it looks like Australia is going to turn their modest Budget Deficit of $44 Billion into a Budget Surplus next year… And with that news, the Aussie also announced that bond sales would decrease by 80%! OK… remember when I told you that I had the feeling that Australia was becoming the new Switzerland? Well, if they can pull this off in a time when a lot of countries are finding it difficult to live within their means, then a big feather will be in their cap! And… think about this… reducing their bond sales, will make the rest of the outstanding issues more valuable… Or at least that’s what I learned from the guy that taught me all about bonds, my friend, Ed Bonawitz… Now, Australia’s kissin’ cousin across the Tasman, New Zealand, is going in the opposite direction with their Budget… The N.Z. budget deficit widened in the 9 months through March to NZ$787 Million… Of course, NZ$ 787 Million isn’t exactly $1.2 Trillion, but then New Zealand is much smaller than the U.S. so, that goes back to my thought on comparing the U.S. to the Eurozone… The New Zealand dollar / kiwi has really shown some weakness lately, as it no longer can cling to the coattails of the A$… And now this Budget Deficit isn’t going to sit well with traders… But hey! The Japanese yen is securely back on the rally tracks! See how mixed up the investing world is these days? Japan’s debt is beyond the atmosphere, the U.S.’s debt is up to its eyeballs, but investors seek out these two when the risk takers head for the hills… The Chinese renminbi has been bouncing back and forth, in a very tight range lately… Today, the renminbi is a bit weaker, but that’s a tiny move in the renminbi world… A week has gone by since the U.S. Treasury Sec. Geithner, was in China to urge them to do things more like the U.S. Hopefully, the Chinese will continue to ignore the calls by the U.S. to do things more like them… Years ago, when it was fashionable to kick the Chinese for our Trade Deficit, when all they did was sell us stuff that we ended up buying… I told you all that the currency level of the renminbi was not going to correct our Trade Deficit… our financial meltdown took that task on, and reduced it by a large amount, but the Trade Deficit remains a problem… why? Oil… go ask the OPEC members how many dollars they have in reserve from their oil sales… Why doesn’t the U.S. Treasury Sec. sit down with the OPEC members and see if he can get them to change the way they do things? He’s tried it with China on numerous occasions… OK… I don’t mean to kick sand in the Treasury Secretary’s face… I’ve talked enough about his past at the Fed NY before & after the financial meltdown, that I won’t bore you with repeating all that! The Singapore dollar (S$) continues to remain strong.. The Monetary Authority of Singapore (MAS) gave the wink and nod for further S$ strength, so, when the Chinese renminbi decides to stop trading in a range, and get back on the rally tracks, the S$ will follow along. I see the British pound sterling (pound) continues to surprise me with its strength… Remember, I told you that the U.K. had gone for a double dip recession… and the Bank of England (BOE) had decided to add to their bond buying (stimulus)… But, the pound hangs tough… I guess right now it’s good to not be the euro… The U.S. data cupboard is pretty empty today… So, there’s nothing to look for to drive the markets this morning… I guess they are on their own! Then There Was This… Well.. in keeping with what I talked about above, regarding history with French and German leaders… German Chancellor Angela Merkel told reporters ahead of a meeting that she’ll have with France’s new leader, Hollande, that the fiscal pact is not up for renegotiation… “Merkel said Hollande would visit the German capital shortly after his inauguration as president, expected to take place on May 15, without giving a date for the much-awaited meeting.The German chancellor irked Hollande by openly campaigning for his rival Nicolas Sarkozy, who comes from the same conservative political family as Merkel.During the campaign, Hollande won few friends in Berlin by criticizing Merkel’s insistence on austerity as the way out of the Eurozone debt crisis, seeking to shift the focus to growth.But Merkel told reporters that both budgetary consolidation as well as growth was necessary in Europe and reiterated that the EU’s fiscal pact — aimed at reducing ballooning deficits — was not up for discussion.” Chuck again… this is not what the euro needs right now, or the Eurozone for that matter! They need a united front to implement austerity measures to get deficit spending under control… To recap… The risk takers have all headed for the hills… stocks, currencies, commodities including Gold, Silver and Oil, are all down, and U.S. Treasury yields are falling again… German Industrial Output was very strong in March, and Feb’s number was revised upward, thus suggesting that Germany will not go into recession. Australia announced that they will have a Budget Surplus next year, and reduce bond issuance by 80%! And Japanese yen continues to run alongside the dollar… Currencies today 5/8/12… American Style: A$ $1.0150, kiwi .7910, C$ $1.0030, euro 1.3030, sterling 1.6155, Swiss $1.0850, … European Style: rand 7.8525, krone 5.8040, SEK 6.8250, forint 220, zloty 3.2150, koruna 19.27, RUB 29.68, yen 79.75, sing 1.2465, HKD 7.7615, INR 53.13, China 6.3079, pesos 13.20, BRL 1.9195, Dollar Index 79.73, Oil $96.86, 10-year 1.84%, Silver $29.70, and Gold… $1,629.00 That’s it for today… I had a picture of the EverBank banner that hung in front of the NYSE last week on my desk this morning… Pretty impressive! I did do two Conferences in South Florida while I was gone, but it’s good to be home… Alex finished his Water Polo season in fine fashion scoring 3 goals in a 6-4 victory over a private school that doesn’t lose very often… Next year, he’ll most likely move up to varsity, and play for his older brother! That will be interesting! Thanks to Chris and Mike for picking up the conn on the Pfennig for me those two days, I would have found it difficult to do… Next week I head to Las Vegas for the Money Show, so a week of being at home and then back out… But then I’m finished until late July… So… that’s fine with me, and I’m sure Jennifer, who has to fly solo when I’m gone! And with that, I ask you to hug your kids today, your spouse, parents, etc. and go out and have a Tom Terrific Tuesday! Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837 www.everbank.com
2001. Monster gold bull cycle delivers a 630% advance over the following 10 years.As I pointed out last month, markets cycle. The current range-bound price for precious metals won’t last forever, for the simple reason that they never have, especially in the resource market.If you set your sights on the big picture, you’ll see that in spite of today’s negative emotions, gold’s future prospects will render them a distant memory.Consider some of the likely changes on the horizon and how they will transform the gold market from flat and listless to exciting and profitable…Stock market reversal. The performance of the broader equity markets is probably the biggest reason gold hasn’t attracted the mainstream. But stock markets cycle, too, and a correction is due, perhaps overdue—the S&P is up six straight years and nine consecutive quarters. Margin debt is higher now than it was preceding the 2008 crisis, and corporate profits saw the biggest drop in four years last quarter. Gold will be the benefactor in the reversal, especially since it’s already corrected. Bond market turmoil. As my colleague Dan Steinhart pointed out in The Casey Report, there are currently $3.6 trillion in negative-yield government bonds outstanding today, mostly in Europe and Japan, giving investors zero chance of making money or even breaking even. The sad outcome here is that inflation will massacre the average bond holder.My point is that any reasonable big picture view of the political, financial, and economic trends show that virtually all of those changes will be very positive for gold—and aren’t that far off.It will be a new day for the gold market, one full of rising prices and profitable investment statements.But despite all this evidence, there are those in our industry still calling for gold to fall.Among the loudest is my colleague Harry Dent.He says gold will drop to $700/oz.Of course, I think he is dead wrong.And I bet Harry bullion from my private stores that gold will never drop to that level.He took the bet. And to help you decide who will win (hint: it’s me), Harry and I each put all the research we’ve assembled to form our predictions into a special 18-page report titled Gold: Dead or Alive?For anyone who owns an ounce of gold or single share of mining stock, this is a must-read. And it’s completely free. Click here to get your copy. Currency war backfire. This “race to the bottom” being pursued by global central bankers won’t work long term. At best, countries steal growth from their trading partners. At worst, it can disintegrate into inflation, recession, retaliation, and even war. Currency wars have happened before—twice in the last century alone—and they’ve always ended badly. One guess what asset performs well in a crisis. Silver soaring and outpacing gold’s gains Gold stocks rocking, erasing underwater positions and racking up the profitsThat’s not pie in the sky wishful thinking—it accurately describes the next stage of the gold market, something that will soon visit your portfolio.With the price of gold currently stuck in place, like a stain on the front of your best shirt, and the stocks only teasing us like Lucy holding the football for Charlie Brown, how can I be so sure?Because that’s exactly what happened after every other bear market. For example…1976. Bear market ends, and gold begins a 701% run in less than four years. Recession. The probability of a future recession is 100%. The only question is when and how big. GDP last quarter was barely positive. Any unexpected surprises to the downside for the economy will be especially positive for gold. US dollar reversal. If you’ve grown tired of the dollar’s “strength,” don’t leave the theatre early. Its rise is certainly not sustainable long term, and in time will be forgotten. Nothing stays standard deviations above the norm forever. And eventually the dollar will collapse, because the trajectory of our debt isn’t mathematically sustainable. 1985. Bear cycle ends, bull cycle begins. Gold gains 71.8% over the next three years. Inflation. The emergence of inflation feels far off, but already there are signs it’s picking up. Wages have started to move higher, what is normally the starting point for inflation. Ground beef prices are now at record highs and have more than doubled since 2010—increases like this can’t go unaccounted for indefinitely. Remember, we don’t have to wait for high inflation for gold to move; it’s the onset of inflation, or an unexpected jump in inflation, that will spur gold. Yearning for sunnier skies for your gold investments? How’s this sound…Gold in a decisive bull market, with the price steadily rising Higher interest rates. We’re skeptical that the Fed will actually raise rates, but eventually the market will force rates higher regardless of the Fed. This, in turn, will hurt the real estate market. Meanwhile, those analysts that blindly assume rising rates are negative for gold forget that real rates (nominal interest rate minus inflation) are positive for gold—an almost certain outcome because of…
Some of the largest hospital systems in North Carolina are ending child visitor restrictions put in place to try to reduce the number of flu cases, just as the death toll for the season surpasses 300.A number of hospital systems have announced that restrictions will end Friday morning after being implemented Jan. 12. The list includes Atrium Health, formerly Carolinas HealthCare System, Cone Health, High Point Regional, Novant Health and Wake Forest Baptist Medical Center.”We feel it’s appropriate to lift these temporary visitor restrictions now, since spending time with healthy loved ones, including children, is important for many of our patients,” Larry Givner, professor of pediatric infectious diseases at Wake Forest Baptist, told the Winston-Salem Journal.State health officials reported 29 more flu deaths in North Carolina. There were seven deaths for the week ending March 10, and 22 deaths from previous weeks which were determined to be flu-related.Twice in February, the N.C. Department of Health and Human Services reported 46 deaths in a single week.”While we continue monitoring the influenza virus as it continues to circulate in our area, we’ve seen the rates decrease steadily in the past several weeks,” Givner said.The death toll for the year is 305, making it North Carolina’s deadliest flu season in at least 10 years. Both the 2016-17 and the 2014-15 seasons had 218 flu deaths.The flu season usually ends by the end of March.
President Trump has consistently declared that the Affordable Care Act — commonly referred to as Obamacare — is a broken mess, and after several unsuccessful attempts to repeal the national health care law, he has eagerly anticipated that it will “fail” and “implode.”On Thursday, four cities wielded the president’s remarks against him, in a lawsuit accusing Trump of deliberately undermining his executive obligation to “faithfully execute” the law in violation of the Constitution. It alleges that Trump and his administration “are waging a relentless campaign to sabotage and, ultimately, to nullify the law.” It points to the president’s own statements and actions taken by the Health and Human Services Department to discourage citizens from enrolling in health insurance exchanges. The cities of Baltimore, Chicago, Cincinnati and Columbus, Ohio, contend the government has schemed to destroy the ACA by slashing outreach funding, promoting insurance that does not have to comply with the law and can refuse people who have preexisting conditions, has narrowed the enrollment window, imposed onerous documentation requirements and “misused federal funds for advertising campaigns aimed at smearing the ACA and its exchanges, and spinning false narratives about the efficacy and success of the Act.”An HHS spokeswoman told NPR the department does not comment on pending litigation, but in an interview on Fox News on Thursday, Secretary Alex Azar asserted the insurance law “is still broken.””It does not work because of its own structure,” Azar said. “The premium baseline from which they’re operating is entirely too high and unaffordable for so many people, but under President Trump we’ve brought stabilization there that at least is bringing some relief to individuals.”The cities’ lawsuit follows Wednesday’s changes in regulations that allow insurance-seekers to buy short-term policies for up to three years. The alternative plans may be much cheaper than those offered under the ACA because they’re not required to cover as many medical services and can exclude people with pre-existing conditions.As NPR’s Alison Kodjak reported:”The plans have been a priority of President Trump, who says he wants consumers to have access to cheaper health insurance.”Short-term plans don’t have to meet the Affordable Care Act’s consumer protection and coverage requirements, so many will not cover services such as mental health care or prescription drugs. And insurance companies can deny customers coverage on these plans if they have a pre-existing medical condition and charge people more if they are likely to need medical care.”These policies are aimed at people who earn too much to qualify for federally subsidized health plans, a population HHS estimates will likely be about 200,000 people next year but could grow up to 1.6 million by 2024, according to Kodjak. Meanwhile, the Congressional Budget Office, the nonpartisan research office that estimates the budget effects of policy proposals, expects a larger swath of healthy people — about 2 million — will buy the less expensive plans. That would likely drive up premiums for those on other plans. The complaint argued the administration’s efforts to promote “bare-bones” plans to weaken the exchanges have “violated their constitutional obligation to take care that the ACA is faithfully executed.” “By actively and avowedly wielding executive authority to sabotage the ACA, defendants are not acting in good faith; instead, they have usurped Congress’s lawmaking function, and they are violating the Constitution,” the complaint said.Andy Slavitt, former acting administrator for the Centers for Medicare and Medicaid Services under former President Obama, said insurers have pulled out of the marketplace as a result of the Trump administration’s refusal to guarantee monthly subsidy payments. “There is a specific psychology to the private market. And when you mess with that, as the president has done repeatedly by saying he finally killed Obamacare, that throws the whole thing off,” Slavitt told NPR. Whether or not Trump supports the health care act, he is bound to uphold it, he said. “When I was in the [Obama] administration no one asked me if some law passed by Gerald Ford or Lyndon Johnson or Richard Nixon, was something I wanted to enforce. I was told to make it work for the American public.” Copyright 2018 NPR. To see more, visit http://www.npr.org/.