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posted on 30 July 2017

Early Headlines: Socialism In Scandinavia, Top Std Of Living Countries, Trump To Defund Ocare?, Italy's Lost Youth, Sharif Picks Brother, Xi Says World Not Safe, And More

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Early Bird Headlines 30 July 2017

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.

early-bird-301-180


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Global

  • Nordic Socialism Is Realer Than You Think (Matt Bruenig, Politics) Hat tip to Yves Smith, Naked Capitalism. When policy commentators talk about the Nordic economies, they tend to focus on their comprehensive welfare states. And for good reason. Denmark, Finland, Norway, and Sweden are home to some of the most generous welfare systems in the world. Each has an efficient single-payer health care system, free college, long parental leave, heavily subsidized child care, and many other social benefits too numerous to list here. But these countries are also socialist in the running of their economies in general, a fact that is often not acknowledged.

nordic.socialism.01

nordic.socialism.02

nordic.socialism.03

nordic.socialism.04

  1. Australia
  2. Sweden
  3. Canada
  4. Norway
  5. Switzerland
  6. United States
  7. Denmark
  8. Netherlands
  9. Iceland
  10. UK
  11. New Zealand
  12. Finland
  13. Austria
  14. Luembourg
  15. Ireland
  1. Norway
  2. Australia
  3. Denmark
  4. Switzerland
  5. Canada
  6. Sweden
  7. New Zealand
  8. Finland
  9. United States
  10. Iceland
  11. Netherlands

middle.class.by.country

U.S.

  • Health Care Fails and the Reckoning Begins (Washington Monthly) How will the GOP be able to get Dems to collaborate on health care after all that has transpired? This author says that is the only way left to avoid a health care disaster and to go anywhere with the rest of their agenda.
  • 13 Trump scandals you forgot about (Politico) Has there ever been another president who could survive what Donald Trump has gone through?
  • Trump Makes Tweeted Threat to End Obamacare Insurance ‘Bailouts’ (Bloomberg) President Donald Trump threatened to end key Affordable Care Act subsidies to health insurance companies that help make insurance accessible to poorer Americans, a move that may critically destabilize health exchanges if it went ahead.

The administration has previously floated the idea to halt subsidies that help insurers offset health-care costs for low-income Americans, called a cost-sharing reduction, or CSR. In a tweet on Saturday, Trump hinted at ending that program.

EU

  • Facing trade war with Trump, Europe rediscovers its swagger (Politico) Trump could hardly have chosen a worse moment to threaten to slap tariffs on the European steel industry. The EU trade officials staring him down on the other side of the Atlantic are more confident and assertive than they have been in years. Catalyzed by securing political agreement on a huge trade pact with Japan, they are now relishing the prospect of a tit-for-tat trade war they think they cannot lose.
  • Collateral Damage: U.S. Sanctions Aimed at Russia Strike Western European Allies (Counterpunch) Do they know what they are doing? When the U.S. Congress adopts draconian sanctions aimed mainly at disempowering President Trump and ruling out any move to improve relations with Russia, do they realize that the measures amount to a declaration of economic war against their dear European “friends"? Whether they know or not, they obviously don’t care. U.S. politicians view the rest of the world as America’s hinterland, to be exploited, abused and ignored with impunity.

Under U.S. sanctions, any EU nation doing business with Russia may find itself in deep trouble. In particular, the latest bill targets companies involved in financing Nord Stream 2, a pipeline designed to provide Germany with much needed natural gas from Russia.

By the way, just to help out, American companies will gladly sell their own fracked natural gas to their German friends, at much higher prices.

That is only one way in which the bill would subject European banks and enterprises to crippling restrictions, lawsuits and gigantic fines.

UK

“It seems that the United Kingdom still have to come to terms with their negotiating mandate and this is happening at a time when the clock is ticking."

Italy

Click for large image.

italy.generational.pain

Qatar

  • Qatar Hires Washington Influence Firm Founded by Trump's Ex-Campaign Manager (Bloomberg) Qatar has hired a Washington influence firm founded by former top campaign aides to President Donald Trump and another specialized in digging up dirt on U.S. politicians, signaling it wants to challenge Saudi Arabia's massive lobbying efforts in America's capital amid a diplomatic dispute among Arab nations.

Hiring a firm once associated with former Trump campaign manager Corey Lewandowski, who left it in May over a dispute with his partners, shows Qatar wants access to a White House with close ties to Saudi Arabia. The firm retains Barry Bennett, a Trump campaign adviser, as well as others with ties to the president.

Pakistan

  • Nawaz Sharif picks brother Shahbaz as successor (The Hindu) Pakistan’s ousted Prime Minister Nawaz Sharif on Saturday picked his brother and Punjab province Chief Minister Shahbaz Sharif as his successor and nominated former Petroleum Minister Shahid Khaqan Abbasi as interim Prime Minister for 45 days. Mr. Sharif said in an address to party legislators in Islamabad:

“Now that I have left the Prime Minister’s Office, I propose the name of Shahbaz Sharif as Prime Minister. But it will take some time as he has to contest election on a National Assembly seat. So for an interim period, Shahid Khaqan Abbasi has agreed to become the Prime Minister."

India

  • Give Nifty, take Doklam! Stellar show of Indian stocks leaves Chinese green in envy (The Economic Times) Hat tip to Sanjev Kulkarni. The Nifty50, up 20% year-to-date, is the source of a bigger grudge for the Chinese than Doklam, or so it seems! Chinese people on social media are talking more grudgingly about the Nifty’s stellar show this year than the tense war of words between the two nuclear powers over Doklam, a narrow plateau lying in the tri-junction region of Bhutan, India and China. It is a disputed territory claimed by both Bhutan and China and India and China are engaged in a tense standoff in this dispute.

China

  • Speech comes hours after Trump blasts China over North Korea

  • Xi has overseen most sweeping changes to military since 1950s

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