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Russian Opposition Leader Alexei Navalny Detained Upon Return to Moscow The Wall Street JournalAlexey Navalny detained on return to Moscow five months after being poisoned CNNKremlin foe Alexei Navalny detained on his return to Russia Fox NewsNavalny is detained upon returning to Moscow for first time since poisoning Washington PostAlexey Navalny leaves Germany on Russia-bound jet five months after being poisoned CNN
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Citigroup Inc. said Friday it had net income of $4.6 billion, or $2.08 a share, in the fourth quarter, down from $5.0 billion, or $2.15 a share, in the year-earlier period. Revenue fell 10% to $16.5 billion from $18.4 billion. The FactSet consensus was for EPS of $1.34 and revenue of $16.7 billion. The revenue decline was due to lower revenues in global consumer banking, institutional clients group and corporate, the bank said in a statement. Net income fell due to lower revenue, higher costs and a higher tax rate, which was partly offset by lower cost of credit. Chief Executive Michael Corbat said full-year revenues were flat, despite the "massive economic impact of COVID-19." The bank had $676 billion in loans as of quarter end, down 3% from the year-earlier period. Deposits stood at $1.3 trillion, up 20%. Revenue from the global consumer banking business rose 11% to $4.7 billion. Revenue at the institutional clients group fell 1% to $9.3 billion, as treasury and trade solutions, investment banking and corporate banking revenue fell, offsetting strength in fixed income markets, equity markets and the private bank. Investment banking revenue fell 5% to $1.3 billion, as strong growth in equity underwriting was more than offset by lower revenue in M&A and debt underwriting. Equity underwriting revenue rose 83% to $438 million, while debt underwriting fell 16% to $617 million. Markets and securities revenues rose 13% to $4.5 billion, as fixed income markets revenue fell 7% to $3.1 billion and equity markets revenue rose 57% to $810 million. Corporate banking revenue were a negative $85 million, after positive $542 million a year ago. Citi shares fell 1.7% premarket, and have fallen 15% in the last 12 months, while the Dow Jones Industrial Average has gained 7%.
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 Topic: PoliticsTechnology
Making any phone or tablet able to read the vital signs is the sort of innovation that could bring down healthcare costs
Several former Democratic contenders have promoted single payer health care under the name "Medicare for All." While I'm not old enough for Medicare, I have lived for several decades under the Canadian system and several decades under the U.S. system. In addition, I spend 2-3 months/year in Europe and have had to make access as a tourist to the systems in the UK, Germany and France. The attraction of the single payer systems, with their much lower costs per citizen and equal or superior health outcome scores, are hard to resist. At the same time, many voters are concerned at having a government agency run their health care, or elimination of the free market system which works so well in so many areas. The current US system is deeply broken, and does not much resemble a free market system, if it ever did. So the political push for a single payer system has become stronger.
It's not going to happen soon. Biden has won the nomination (though only Sanders seems not to know it), and even if he somehow won, most analysts expect it's pretty unlikely the Democrats would win control of the Senate in 2020. If they do win control of the White House, the historic
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