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.
South Korean shares retrace losses as Park ofter to step down (CNBC) South Korean shares retraced losses late Tuesday afternoon, as investors reacted to a televised speech by President Park Geun-hye offering to step down through a legal process, according to reports. (See more under South Korea, below.) Share across Asia were mixed on Tuesday.
Oil prices fall as Russia says will not attend OPEC meeting (Reuters) Oil prices fell over 1 percent on Tuesday on market jitters over whether producer cartel OPEC would be able to hammer out a meaningful output cut during a meeting on Wednesday, aimed at reining in a global supply overhang and propping up prices. Non-OPEC oil production giant Russia confirmed on Tuesday that it would not attend the OPEC gathering, but added that a meeting between the group and non-affiliated producers at a later stage was possible. Brent crude futures LCOc1 were trading at $47.69 per barrel at 0741 GMT, down 55 cents, or 1.14%, from their last close (Monday). U.S. West Texas Intermediate crude futures CLc1 were down 51 cents, or 1.06%, at $46.58 a barrel.
We May Not Know If Trump’s Foreign Business Deals Violate the Constitution (ProPublica) The question of whether President-elect Donald Trump will run afoul of federal conflict-of-interest rules or the Constitution because of his extensive foreign investments has been the subject of intense scrutiny among legal and ethics scholars. But it seems that the answere to the question may simply be we do not know. There are two reasons for this: One is that the disclosures required from presidents are limited. The other is that Trump has refused to voluntarily release his tax returns or other business details, a significant break from presidential administrations dating back to Jimmy Carter. And Trump won’t have to file a comprehensive annual report of his assets, income, gifts and stock portfolio until May 2018, according to U.S. Office of Government Ethics requirements.
Tom Price is Trump's pick for health secretary (Reuters) President-elect Donald Trump is set to announce Republican Representative Tom Price of Georgia, an orthopedic surgeon and vociferous critic of the Affordable Care Act, as health and human services secretary, two sources told Reuters. If confirmed by the Senate, Georgia's Price, 62, will play a major role in overhauling the health care insurance law better known as Obamacare, the signature domestic legislative achievement of President Barack Obama.
Annoyed Dems dismiss recount as ‘waste of time’ (The Hill) Democrats are unenthusiastic about the recount effort being mounted by Jill Stein of the Green Party, seeing it as a futile effort that serves only to distract opponents of President-elect Donald Trump’s policy and personnel decisions. Some Democrats even come close to echoing Trump’s charge that re-tallying votes from the presidential race is just a “scam" being advanced by Stein, who has raised more than $6 million to fund potential recounts in Wisconsin, Michigan and Pennsylvania, three states critical to the Republican nominee’s win.
The Washington Post’s Propaganda about Russian Propaganda (William K. Black, New Economic Perspective) WKB has contributed to GEI. Econintersect: We have reported on this story twice before, but Prof. Black offers an exposition of exemplary clarity and thoroughness, as one would expect from one of the world's top white-collar crime experts. Read this essay to fully understand how amateurish the WaPo appears to be in this situation. Prof. Black links to the Glenn Greenwald article we listed yesterday.
The US corporate media, its strings pulled by the modern version of the Central Intelligence Agency’s old Operation MOCKINGBIRD media influencing operation, is laughably accusing Russia of generating «fake news» to influence the outcome of the American presidential election.
Fat patients will miss out on surgery, NHS decides (The Times) Hospitals could deny routine operations to obese patients and smokers after new rationing plans were approved by senior National Health Service officials. A decision yesterday to place restrictions on some patients in Yorkshire who need non-urgent surgery is likely to encourage health commissioners elsewhere in the country to follow suit, doctors have warned. Overweight people who did not lose weight would be prevented from undergoing surgery for up to 12 months while smokers would be forced to wait for six months if they did not quit.
Theresa May to unveil boardroom crackdown on private big business(The Guardian) Theresa May is to promise a crackdown on boardroom excess at large privately owned businesses as she unveils proposals intended to hold corporate Britain to account. The prime minister said the government would look at ways to bring privately owned companies under a regime that could mimic the one imposed on major stock market companies. May proposes to put limits on executive compensation in line with company performance after recent corporate collapse scanfals have revealed abuses.
British security forces are too good for Isis, suspect claims (The Times) British security services are so proficient that Islamic State terrorists who attacked Brussels and Paris made no plans to carry out atrocities in the UK, an alleged accomplice told police. Mohamed Abrini, known as the man in the hat, said in a police interview that superior “observation techniques" made Britain more difficult to attack and that France was the primary enemy of ISIS.
Iranian vessel points weapon at U.S. helicopter: officials (Reuters) A small Iranian Islamic Revolutionary Guard vessel pointed its weapon at a U.S. military helicopter in the Strait of Hormuz on Saturday, two U.S. defense officials told Reuters on Monday, an action they described as "unsafe and unprofessional". The incident is the latest in a series of similar actions by Iranian vessels this year, but the first reported since Republican Donald Trump won the U.S. presidential election on Nov. 8. During his campaign, Trump vowed that any Iranian vessel that harassed the U.S. Navy in the Gulf would be "shot out of the water," if he was elected. Trump is due to take office on Jan. 20.
"China has been cutting back the number of workers from North Korea it allows in by tightening checks on potential visiting workers and making the paperwork more difficult."
South Korea's Park asks parliament to find way for her to step down (Reuters) South Korean President Park Geun-hye on Tuesday asked parliament to find a way for her to give up power and decide when she should step down amid an influence-peddling scandal, but the opposition said she was just trying to avoid impeachment. Park, 64, had apologized twice previously but until now resisted mounting public calls to quit, even as lawmakers readied to mount impeachment proceedings.
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