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posted on 04 December 2015

Early Headlines: Global Stocks Decline, Euro Surges, U.S. Health Spending Rises, Senate Passes Obamacare Repeal, 2016 Not Any Easier For Greece And More

Written by Econintersect

Early Bird Headlines 03 December 2015

Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.


This is an abbreviated report with limited discussion. The entire original post was lost in a system crash just before publishing and the editor cannot forgo any more sleep to recreate it.


  • Global stocks hit, euro shines after ECB wrong-foots traders (Reuters) Asian shares joined a global markets slump on Friday after the European Central Bank's stimulus package fell well short of markets' high expectations, sending the euro rocketing to its biggest one-day surge in nearly seven years. European shares were poised for further declines, with financial spreadbetters expecting Britain's FTSE 100 .FTSE to fall 0.6%, and France's CAC40 .FCHI and Germany's DAX .GDAXI to open down 0.8%. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 0.8%, extending losses for the week to 0.3%.

  • The 11 countries that haven't made pledges for climate deal (Associated Press) Some are at war, others recovering from natural disasters and some are simply ideologically opposed to the climate deal taking shape in U.N. talks outside Paris. Only 11 countries haven't submitted pledges for the envisioned agreement, including conflict-ridden Syria, reclusive North Korea and socialist Latin American countries who say it's up to the West to clean up the world's carbon pollution.

  • Molten Salts Might Provide Half-Price Grid Energy Storage (MIT Technology Review) Hat tip to Rob Carter. We have listed this important article before but mention it again with Mr.Carter's alert. What is important in this process is that lower efficiency of thermal energy storage with molten salts vs. photoelectric storage with batteries may be more than offset by lower cost.


  • U.S. Health Spending Up Most Since '07, Fueled by Obamacare (Bloomberg) U.S. health-care spending jumped 5.3% last year, the biggest increase since President Barack Obama took office, as millions of people gained insurance coverage under Obamacare. Econintersect: For the 6 years 2009 through 2014 healthcare expenditures have been between 17.3% and 17.5% of GDP, the first time that healthcare costs have not grown for a significant period of time since the years 1992-1999 when they held around 13.5% of GDP for 8 years.



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