Newspaper Page Text
E3 BUSINESS
Jeff Gill | Business reporter
770-718-3408 | jgill@gainesvilletimes.com
The Times, Gainesville, Georgia
Saturday, November 10, 2018
Keystone XL pipeline halted for review
BY MATTHEW DALY
Associated Press
WASHINGTON - In a setback
for the Trump administration, a
federal judge has blocked a permit
for construction of the Keystone
XL oil pipeline from Canada and
ordered officials to conduct a new
environmental review.
Environmentalists and tribal
groups cheered the ruling by a U.S.
district judge in Montana, while
President Donald Trump called
it “a political decision” and “a
disgrace.”
The 1,184-mile pipeline would
begin in Alberta and shuttle as
much as 830,000 barrels a day of
crude oil through a half dozen states
to terminals on the Gulf Coast.
Trump has touted the $8 billion
pipeline as part of his pledge to
achieve North American “energy
dominance” and has contrasted
his administration’s quick approval
of the project with years of delay
under President Barack Obama.
The Trump administration has
not said whether it would appeal the
new ruling. The State Department
said it was reviewing the decision,
but declined further comment, cit
ing ongoing litigation.
The pipeline was first proposed
by Calgary-based TransCanada in
2008. It has become the focal point
of a decade-long dispute that pits
Democrats, environmental groups
and Native American tribes who
warn of pollution and increased
greenhouse gas emissions against
business groups and Republicans
who cheer the project’s jobs and
potential energy production.
U.S. District Judge Brian Mor
ris put a hold on the project late
Thursday, ruling that the State
Department had not fully consid
ered potential oil spills and other
impacts as required by federal law.
He ordered the department to com
plete a new review that addresses
issues that have emerged since
the last environmental review was
completed in 2014.
New topics include the cumu
lative effects on greenhouse gas
emissions of Keystone XL and a
related pipeline that brings oil
from Canada; the effects of current
oil prices on the pipeline’s viability;
updated modeling of potential oil
spills; and the project’s effect on
cultural resources of native tribes
and other groups along the pipe
line’s route.
The review could take up to a
year to complete.
Environmentalists and Native
American groups had sued to stop
the project, citing property rights
and possible spills.
Becky Mitchell, chairwoman of
Northern Plains Resource Council,
a plaintiff in the case, said her orga
nization is thrilled with the ruling.
“This decision sends TransCan
ada back to the drawing board,”
Mitchell said, calling the ruling
“the results of grassroots democ
racy in action, winning for water
and people.”
TransCanada said in a statement
that it was reviewing the judge’s
54-page decision. “We remain com
mitted to building this important
energy infrastructure project,”
TransCanada spokesman Terry
Cunha said.
Environmental groups declared
victory and predicted the long-
delayed project will never be built.
The court ruling “makes it clear
once and for all that it’s time for
TransCanada to give up on their
Keystone XL pipe dream,” said
Doug Hayes, a senior attorney with
the Sierra Club, the nation’s largest
environmental group.
After years of legal fights, Obama
rejected a permit for the pipeline
in 2015. The company responded
seeking $15B in damages.
Trump signed executive actions
to again advance construction of
the project in 2017.
TransCanada announced plans
to start construction in 2019, after
a State Department review ordered
by Morris concluded major envi
ronmental damage from a leak
is unlikely and could quickly be
mitigated. Morris determined the
review was inadequate.
Medicare expands access to
in-home support for seniors
Veterans entitled
to student loan
repayment rights
PABLO MARTINEZ MONSIVAIS I Associated Press
The U.S. Medicare Handbook is photographed Thursday, Nov. 8, in Washington.
BY RICARDO
AL0NS0-ZALDIVAR
Associated Press
WASHINGTON - Medi
care is experimenting with a
new direction in health care.
Starting next year, seniors
in many states will be able
to get additional services
such as help with chores
and respite for caregivers
through private Medicare
Advantage insurance plans.
There’s a growing recog
nition that such practical
help can have a meaning
ful impact on patients’ well
being — and reduce some
costs for taxpayers.
The newly covered ser
vices are similar to what
people might need if they
required long-term care,
said Howard Gleckman,
a senior researcher at the
nonpartisan Urban Institute
think tank.
“It begins to break down
the wall between long-term
care and Medicare, which,
with very few exceptions,
has never paid for long-term
care,” Gleckman said.
Change is starting slowly.
Policymakers have yet to
figure out how to bring simi
lar benefits to traditional
Medicare, still the choice of
2 out of 3 seniors.
The new services will be
offered by Medicare Advan
tage plans in more than 20
states next year, and that’s
expected to grow over time.
There has to be a health-
related reason to qualify,
and costs will vary among
plans. In some plans, there’s
no added cost. But limits do
apply. For example, a plan
may cover one day per week
at an adult day care center.
Nearly 23 million Medi
care beneficiaries, or more
than 1 in 3, are expected to
be covered by a Medicare
Advantage plan next year.
The private plans generally
offer lower out-of-pocket
costs in exchange for limits
on choice of doctors and hos
pitals and other restrictions
such as prior authorization
for services.
Medicare Advantage open
enrollment for 2019 ends
Dec. 7. But it’s not easy to
use Medicare’s online plan
finder to search for plans
with expanded benefits, so
beneficiaries and their fami
lies will have to rely on pro
motional materials insurers
mail during open enrollment.
For years, Medicare has
permitted private plans to
offer supplemental ben
efits not covered by the
traditional program. Think
free gym memberships,
transportation to medical
appointments or home-
delivered meals following a
hospitalization.
The new benefits take that
to a higher level, with Medi
care’s blessing.
“It is a big concept, in
the sense that it is offi
cially encouraging plans
to get across the line into
the many, many things that
affect the health and well
being of beneficiaries,” said
Marc Russo, president of
insurer Anthem’s Medicare
business. “I, for one, who
have been in and around
Medicare for decades,
believe it pays.”
Insurers under Anthem’s
corporate umbrella are
offering different packages
in 12 of 21 states where they
operate Medicare plans.
They can include alterna
tive medicine, like acu
puncture, or adult day care
center visits or a helper at
home.
Other major insurers
like UnitedHealthcare and
Humana are participating.
It’s a calculated gamble for
insurers, who still have to
make a profit.
And the limited new bene
fits are no substitute for full
long-term care coverage,
which many people need
for at least part of their lives
and remains prohibitively
expensive. Seniors trying to
get long-term care through
Medicaid, the program
for low-income people,
must spend down their life
savings.
“Medicare policy has not
kept up with the times,” said
Sen. Ron Wyden, D-Ore.,
one of the authors of bipar
tisan legislation seen as a
catalyst for expanded ser
vices through Medicare
Advantage.
Wyden said he’s working
to bring similar options to
traditional Medicare.
The changes represent
a rare consensus at a time
when health care issues are
among the most politically
divisive. Republican and
Democratic lawmakers, as
well as Seema Verma, the
Trump administration’s
Medicare chief, are pulling
in the same direction.
BY ANNA HELH0SKI
NerdWallet
If you’re a veteran with student debt, you have
repayment rights unique to military service mem
bers that can keep you on track and out of default.
How veterans end up with student debt
“Some student are unsure how to fully access
their benefits or what programs they’re eligible
for — that could lead them to borrow and leave
benefits on the table,” says Colleen Campbell,
associate director for postsecondary education at
the Center for American Progress, a public policy
think tank.
Veterans often take out student loans after
exhausting their Post-9/11 GI Bill benefits, which
cover tuition and fees and include a monthly hous
ing allowance and book money. Not everyone uses
their GI Bill benefits, and some don’t qualify for
100 percent tuition coverage.
Get help with repayment
All federal student loan borrowers have access
to repayment options beyond the standard 10-year
plan. Income-driven repayment, for example, caps
your monthly payment at a portion of your income
and extends the length of repayment.
Current service members also may get repay
ment help through branch-specific repayment pro
grams or through the Department of Defense. The
Navy, for example, offers an incentive that pays
off up to $65,000 of a sailor’s federal student loans
in their first three years of active-duty service.
Pause loan payments
Military deferment allows borrowers to postpone
loan repayment while on active duty and immedi
ately after. This applies to federal and private loans.
In addition to military deferment, all borrowers
can get in-school deferment and forbearance in case
of financial hardship.
Get loan forgiveness
Military service can qualify federal loan borrowers
for Public Service Loan Forgiveness, which forgives
the remainder of your loan balance after 120 qualify
ing payments. You must be in the military or working
in the public sector while making each payment.
Borrowers who are totally and permanently dis
abled can have their loans discharged. The Depart
ment of Education identifies those who may be
eligible for loan discharge due to disability by
matching borrowers with student loans to the Veter
ans Affairs database. Eligible borrowers will receive
application details directly from the department and
can learn more on disabilitydischarge.com.
Stock Exchange Highlights
V
NYSE
12,537.52 -84.52
B Nasdaq
W 7,406.90 -123.98
Gainers (S2
Name Last
OR MORE)
Chg %Chg
Gainers ($2 or more)
Name Last Chg %Chg
Revlon 28.61
HertzGI 19.41
TriumphGp 21.89
Gafisa rs 6.45
RubiconPrj 4.36
RngrEnS n 7.70
Acornlnt rs 20.20
MidstPet 8.80
ChOnlEd n 8.77
QntmDSS rs 2.85
+6.81 +31.2
+3.12 +19.2
+2.27 +11.6
+.55 +9.3
+.37
+.60
+1.44
+.63
+.59
+.18
+9.3
+8.5
+7.7
+7.7
+7.3
+6.7
Losers (S2 or more)
Name
Last Chg %Chg
OverSh rs 2.20
Yelp 31.93
Adientn 21.52
Superiorlnd 7.29
BristowGp
BridgptEd
PG&E Cp
Tredgar
Pyxuslnt
7.72
7.82
39.92
16.75
15.38
AmRenAs n17.50
-.90 -29.0
-11.57 -26.6
-7.31 -25.4
-2.45 -25.2
-2.32 -23.1
-2.14 -21.5
-7.88 -16.5
-3.18 -16.0
-2.88 -15.8
-2.77 -13.7
Most Active ($1 on more)
Name Vol (00) Last Chg
GenElec 2732477
FordM 521990
BkofAm 432560
Weathflntl 430534
AT&T Inc 399914
Ambev 371459
ChesEng 369820
Vale SA 354208
EnCanag 316278
CntryLink 286658
8.58 -.52
9.38 -.08
28.52 -.35
1.13 -.08
30.69 -.35
4.24 +.08
3.63 +.09
14.60 -.57
8.85 +.14
18.91 -2.17
Diary
Advanced
Declined
Unchanged
Total issues
New Highs
New Lows
Volume
890
1,900
101
2,891
53
100
3,963,598,343
TwistBio n
ProDex
PyxisTnkr
Autolus n
RockwIlM
LogicBio n
Beyondsp n20.21
Ubiquiti 111.13
Immuron n 9.06
UnvEIc 36.80
25.00
12.08
2.22
48.01
4.38
15.11
+6.00
+2.78
+.45
+9.12
+.79
+2.31
+3.06
+16.59
+1.30
+5.13
+31.6
+29.8
+25.4
+23.5
+22.0
+18.0
+17.8
+17.5
+16.8
+16.2
Losers ($2 or more)
Name
Last Chg %Chg
MoneyGrm 2.27
InnerWkgs 4.24
ApollEnd rs 3.95
NetIUEPS 4.84
AsureSftw h 7.75
ViveveMd n 2.32
NantKwst n 2.75
ViewRay n 6.63
SprtnNash 16.59
NewAgeB n 3.60
-2.20 -49.2
-2.80 -39.8
-1.80 -31.3
-2.16 -30.9
-3.29 -29.8
-.93 -28.6
-.97 -26.1
-2.12 -24.2
-5.23 -24.0
-1.09 -23.2
Most Active ($1 or more)
Name Vol (00) Last Chg
AMD
Novelion rs
ActivsBIiz
Apple Inc
Microsoft
MicronT
Finisar
Cisco
Intel
Qualcom
-.17
+.46
-7.78
857686 21.03
354779 1.71
345393 55.01
343176 204.47 -4.02
320101 109.57 -2.18
260792 39.11 -1.33
237305 21.79 +2.91
220056 47.11 -1.33
48.11 -.88
56.72 -1.33
217527
217414
Diary
Advanced
Declined
Unchanged
Total issues
New Highs
New Lows
Volume
716
2,185
165
3,066
39
122
2,322,666,515
Stocks of Local Interest
Name Ex
YTD
Div Yld PE Last Chg %Chg
AFLAC S
1.04
2.3
14
45.04
-.17
0.0
HeliosM rs
.02
100.0
AT&T Inc
2.00
6.5
6
30.69
-.35
-21.1
Hershey
2.89
2.7
24
108.58
+1.51
-4.3
AbbottLab
1.12
1.5
31
72.79
-.17 +27.5
HertzGI
19.41
+3.12
-12.2
ActivsBIiz
.34
.6
31
55.01
-7.78
-13.1
HomeDp
4.12
2.2
24
185.99
-2.01
-1.9
AMD
21.03
-.17+104.6
Intel
1.20
2.5
18
48.11
-.88
+4.2
Altria
3.20
5.0
20
63.42
-1.95
-11.2
IBM
6.28
5.1
9
123.54
+.16
-19.5
Apple Inc
2.92
1.4
24
204.47
-4.02
+20.8
JohnJn
3.60
2.5
20
145.34
+.04
+4.0
ATMOS
1.94
2.0
18
96.69
+.85
+12.6
Lowes
1.92
2.0
20
96.82
-2.65
+4.2
AutoZone
17
793.87
-5.07
+11.6
McDnlds
4.64
2.5
28
185.94
+.46
+8.0
AveryD
2.26
2.5
26
92.00
-1.62
-19.9
Merck
2.20
2.9
28
74.86
-.62
+33.0
BB&T Cp
1.62
3.2
15
50.76
+.63
+2.1
MicronT
3
39.11
-1.33
-4.9
BP PLC
2.38
5.8
22
41.24
-.03
-1.9
Microsoft
1.84
1.7
45
109.57
-2.18
+28.1
BkofAm
.60
2.1
14
28.52
-.35
-3.4
NorflkSo
3.20
1.9
26
170.32
-2.03
+17.5
BamesNob
.60
8.8
6.83
-.13
+1.9
Novelion rs
1.71
+.46
-45.2
Boeing
6.84
1.9
34
369.34
-1.43
+25.2
OfficeDpt
.10
3.1
9
3.25
-.12
-8.2
BrMySq
1.60
3.0
53
53.39
+.58
-12.9
PG&E Cp
2.12
5.3
6
39.92
-7.88
-11.0
CSX
.88
1.2
10
70.66
-1.01
+28.4
Penney
22
1.34
-.11
-57.6
CaesarsEnt ...
8.51
-.50
-32.7
PepsiCo
3.71
3.2
34
117.48 +1.42
-2.0
CampSp
1.40
3.6
14
38.97
+.77
-19.0
Pfizer
1.36
3.1
18
44.28
+.43
+22.3
Caterpillar
3.44
2.7
12
126.91
-4.48
-19.5
PhilipMor
4.56
5.1
22
89.18
-.30
-15.6
CntryLink
2.16
11.4
8
18.91
-2.17
+13.4
Primerica
1.00
.9
14
117.61
-1.29
+15.8
ChesEng
6
3.63
+.09
-8.3
ProctGam
2.87
3.1
23
92.41
+1.05
+.6
Chevron
4.48
3.7
25
119.51
+.15
-4.5
Qualcom
2.48
4.4
56.72
-1.33
-11.4
Cisco
1.32
2.8
24
47.11
-1.33
+23.0
RegionsFn
.56
3.2
15
17.24
-.43
-.2
Citigroup
1.80
2.7
11
65.76
-2.02
-11.6
SiriusXM
.05
.8
35
6.21
+15.9
CocaCola
1.56
3.1
94
49.68
+.35
+8.3
SouthnCo
2.40
5.1
22
46.81
+.23
-2.7
ConAgra
.85
2.5
17
34.39
-.07
-8.7
SunTrst
2.00
3.1
11
63.53
+.19
-1.6
Cummins
4.56
3.2
40
143.07
-3.18
-19.0
SynovusFn 1.00
2.7
13
37.69
-.33
-21.4
DenburyR
2.95
-.04
+33.5
3M Co
5.44
2.7
28
201.10
-2.97
-14.6
Disney
1.68
1.4
16
118.00 +2.00
+9.8
Torchmark
.64
.7
7
86.92
-.57
-4.2
DowDuPnt
1.52
2.6
19
58.68
-.76
-17.6
Tyson
1.20
1.9
11
62.08
+.58
-23.4
EnCana g
.06
.7
15
8.85
+.14
-33.6
UtdCmBks
.64
2.5
15
25.84
+.38
-8.2
Equifax
1.56
1.5
18
102.12
+.13
-13.4
UPS B
3.64
3.3
18
109.51
-1.99
-8.1
ExxonMbl
3.28
4.1
15
80.87
-.02
-3.3
VerizonCm
2.41
4.1
7
58.46
+.19
+10.4
Finisar
21.79 +2.91
+7.1
Vodafone
1.82
9.7
18.79
-.30
-41.1
FordM
.60
6.4
5
9.38
-.08
-24.9
WalMart
2.08
2.0
25
105.56
+.68
+6.9
FrptMcM
.20
1.8
7
11.35
-.58
-40.1
Weathflntl
1.13
-.08
-72.9
GenElec
.48
5.6
8.58
-.52
-50.9
WeisMk
1.24
2.6
11
47.35
-.18
+14.4
GenuPrt
2.88
2.9
22
100.61
-.47
+5.9
WellsFargo 1.72
3.2
13
53.04
-.12
-12.6
HP Inc
.56
2.2
9
25.00
-.50
+19.0
Yelp
18
31.93
-11.57
-23.9
Haverty
.72
3.4
22
21.40
-.19
-5.5
YumBrnds
1.44
1.6
32
90.72
+.26
+11.2
Name Ex
YTD
Div Yld PE Last Chg %Chg
Stock Footnotes: g = Dividends and earnings in Canadian dollars, h = Does not meet continued-listing standards. If = Late filing
with SEC. n = New in past 52 weeks, pf = Preferred, rs = Stock has undergone a reverse stock split of at least 50 percent within the
past year, rt = Right to buy security at a specified price, s = Stock has split by at least 20 percent within the last year, un = Units, vj
= In bankruptcy or receivership, wd = When distributed, wi = When issued, wt = Warrants. Fund Footnotes: m - Multiple fees are
charged, usually a marketing fee and either a sales or redemption fee. Source: The Associated Press. Sales figures are unofficial.
Stock Market Indexes
Dow Jones industrials
Close: 25,989.30
Change: -201.92 (-0.8%)
27,200
26,400
25,600
24,800
26,280
25,200
24,120 10 DAYS
M
J J
A
S
0
N
52-Week
Net
YTD
12-mo
High
Low
Name
Last
Chg
%Chg
%Chg
%Chg
26,951.81
23,242.75
Dow Industrials
25,989.30
-201.92
-.77
+5.14
+10.96
11,623.58
9,420.16
Dow Transportation
10,517.21
-143.45
-1.35
-.90
+10.69
778.80
647.81
Dow Utilities
738.23
-5.50
-.74
+2.05
-2.47
13,637.02
11,820.33
NYSE Composite
12,537.52
-84.52
-.67
-2.12
+1.74
8,133.30
6,630.67
Nasdaq Composite
7,406.90
-123.98
-1.65
+7.29
+9.72
1,309.73
1,118.69
S&P 100
1,237.35
-11.73
-.94
+4.58
+8.50
2,940.91
2,532.69
S&P 500
2,781.01
-25.82
-.92
+4.02
+7.70
2,053.00
1,769.25
S&P MidCap
1,882.54
-19.61
-1.03
-.95
+3.11
30,560.54
26,293.62
Wilshire 5000
28,668.12
-294.44
-1.02
+3.14
+7.07
1,742.09
1,436.43
Russell 2000
1,549.49
-28.72
-1.82
+.91
+5.03
Mutual Funds
Name
Total Assets
Obj ($Mlns) NAV
Total Return/Rank
4-wk 12-mo 5-year
Pet
Load
Min Init
Invt
Vanguard 500ldxAdmrl
LB 247,729
257.52
-3.2
+9.8/A
+11.7/A
NL
10,000
Vanguard TtlSMIdxAdmrl
LB 199,057
69.24
-3.4
+9.3/B
+11.2/A
NL
10,000
Vanguard TtlSMIdxInv
LB 127,316
69.22
-3.4
+9.2/B
+11.1/B
NL
3,000
Vanguard TtlnSIdxInv
FB 126,316
16.15
-3.5
-7.5/C
+2.5/B
NL
0
Vanguard TtlSMIdxIns
LB 119,661
69.26
-3.4
+9.3/B
+11.2/A
NL 5
000,000
Vanguard Insldxlns
LB 116,372
254.07
-3.2
+9.8/A
+11.7/A
NL 5
000,000
Vanguard InsIdxInsPlus
LB 101,648
254.09
-3.2
+9.8/A
+11.7/A
NL100,000,000
Vanguard TtlnSIdxInsPlus
FB 94,240
108.03
-3.5
-7.4/C
+2.6/B
NL100,000,000
Fidelity Contrafund
LG 91,385
12.93
-5.1
+9.4/D
+12.5/B
NL
0
Vanguard TtBMIdxAdmrl
Cl 85,528
10.24
0.0
-2.3/C
+1.9/C
NL
10,000
Fidelity 500ldxlnsPrm
LB 84,712
97.37
-3.3
+9.7/A
+11.7/A
NL
0
Vanguard WlngtnAdmrl
MA 84,654
72.14
-1.9
+4.4/A
+7.9/A
NL
50,000
Cl -Intermediate-Term Bond, FB -Foreign Large Blend, IH -World Allocation, LB -Large Blend, LG -Large Growth,
LV -Large Value, MA -Moderate Allocation, WS -World Stock, Total Return: Chng in NAV with dividends reinvested.
Rank: How fund performed vs. others with same objective: A is in top 20%, E in bottom 20%. Min Init Invt: Minimum
$ needed to invest in fund. Source: Morningstar.
