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Jerry Brown Proposes New Health Care Tax

Jerry Brown watch (Justin Sullivan / Getty)

On Thursday, California Governor Jerry Brown proposed a tax in his new budget that would tax all health plans, replacing California’s current tax that only taxes health plans that participate in Medi-Cal, the state’s Medicaid plan.

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China crash (Andy Wong / Associated Press)

China New Year: Stocks Crash, Gold Jumps

China welcomed the New Year with a 7 percent stock market crash that was so intense that government authorities suspended trading across the nation. Markets around the world plunged, with Asia and Europe down -3 percent, U.S. markets down 1.7

John Moore/AP

Saudi Arabia Pumps Oil Before Iran Sanctions Lifted

Fearing a flood of crude oil when the Iran sanctions are lifted in the next few months, Saudi Arabia is pumping an extra 1.5 million barrels a day and signing long-term export contracts at low prices in a desperate effort to grab cash flow and avoid bankruptcy.