This Is Really Cool -- No Pun Intended -- A Two-Fer For The Kennedy Clan

Trading at new highs today: AXAS (again), BK (again), BP, CFN, CHK (hmmm?), DVN, EPD (nice), LNg, NOV, OKE, PAA, PSX. 

Disclaimer: this is not an investment site. Do not make any investment decisions based on what you read here or what you think you may have read here.

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For the Kennedy children and grandchildren who might never get to see snow again, here's another opportunity, and as a "two-fer": a skiing vacation in Australia. What's not to like?

News.com.au is reporting:

It's here. The megablizzard. Snowpocalypse now. This baby has been on the weather charts all week and it’s howling its way through the Australian Alps as you read this.

Experienced weather watchers are calling it the storm of the century. They’re saying it could snow on and off, but mostly on, for the next 10 days. And now the megablizzard has arrived.

The NSW resorts of Thredbo and Perisher received 40cm and 50cm respectively overnight. Hotham, Falls Creek and Mt Buller (pictured at the linked site) in Victoria all reported similar totals.

A spokesman for Thredbo confirmed to news.com.au that as of about 3:30 p.m. (local time), 80cm of snow had now fallen in the past 24 hours. “It’s an incredible amount for June, I’m not sure it’s a record, but it has set us up for the rest of the season,” he said.

By the way, 80 cm of snow = 31 inches of snow.

I can't make this stuff up. Ah, yes, global warming. Ya gotta love it.  And speaking of global warming, I gotta get on my bike and get home before it starts raining again.

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Train Wreck

 Over at The Daily Signal, Sharyl Attkisson has an incredible, in-depth story on the "train wreck" some refer to as ObamaCare.

With a fist pump, President Obama hoped to have 26 million newly insured for healthcare. It turns out that the number is probably 4 million, and many of them will make not make monthly premium payments past the first six months. Of those, even fewer will renew if the premiums are higher as expected. And then, of course, there is "the big sting." The IRS computers have identified thousands of ObamaCare applications that do not match other federal data bases (a euphemism for "IRS Forms 1042"). The IRS will send a nice letter to these folks for an explanation.

This tells me all I need to know about how successful the program was in signing up paying customers:

Nobody from the White House responded to repeated requests for comment. A spokesman for CMS said there were no plans to release figures on paid enrollment, even though health policy analyst Robert Laszewski says the administration could provide the number in days or even hours if it wanted to.

The nice thing: folks living healthy life-styles who used to qualify for less expensive health insurance will not subsidize those who live unhealthy life-styles. If you fall into the former group, the next time you visit Wal-Mart, take a look around to see all the folks your health care premium dollars are subsidizing.  Even The Los Angeles Times is reporting that ObamaCare subsidies are on track to cost billions this year.

A streetcar known as Desire. A trainwreck known as Obamacare.