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posted on 22 September 2017

Early Headlines: Asia Stocks And Dollar Down, Oil Mixed, Gold Flat, Opponents Speak Out On GOP Health Care Bill, Flint Water Crushed Conception, May's Brexit Reboot, China Credit Rating Cut, And More

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Early Bird Headlines 22 September 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.

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Global

asia.pac.2017.sep.22

U.S.

  • Home Prices Soar in Disaster-Prone Areas (Bloomberg) U.S. counties at the greatest risk of hurricanes, earthquakes, and other catastrophes have seen the fastest home-price appreciation, a new report says.

“Flexibility with reduced funding is a false choice. I will not pit seniors, children, families, the mentally ill, the critically ill, hospitals, care providers, or any other Nevadan against each other because of cuts to Nevada’s healthcare delivery system proposed by the Graham-Cassidy amendment."

  • Medicaid directors oppose Graham-Cassidy Obamacare overhaul (Washington Examiner) State Medicaid directors are opposing a Republican Obamacare overhaul bill that would greatly restructure the federal-state healthcare program for the poor in their jurisdictions. The National Association of Medicaid Directors said Thursday that the bill would impose significant challenges to states, chiefly that they would shoulder too much risk under the legislation. The group is the latest stakeholder to oppose the measure, joining doctors, insurer and hospital groups skeptical of what is considered by Republicans their last chance to overhaul Obamacare.

flint.conception

conception.mich.map

UK

  • May to Reboot Brexit Plan by Requesting Transition Period (Bloomberg) U.K. Prime Minister Theresa May will on Friday propose a period of transition after Brexit takes effect in March 2019, aiming to give certainty and clarity to companies worried about the looming split. In a much-anticipated speech in Florence, Italy, May will seek a time-limited implementation phase that the BBC reported will run for two years. The goal is to maintain trade ties to the U.K.’s biggest market so as to give businesses time to adjust to the new regime. A transition period would also protect companies from being hit with unwieldy tariffs and regulations overnight, if no long-term trade deal has been struck by Brexit day in 2019.

North Korea

  • Trump Boosts North Korea Sanctions, Adding Economic Pressure (Bloomberg) U.S. President Donald Trump ordered new sanctions on individuals, companies and banks doing business with North Korea as he sought to further isolate the regime and increase economic pressure for it to curb its weapons programs.

Trump added that China is ordering banks to stop dealing with Kim Jong Un’s regime, but it was unclear if he was referring to a new development or the People’s Bank of China’s Sept. 11 statement it had instructed banks and other financial entities to suspend accounts subject to sanctions under a United Nations Security Council resolution. China is North Korea’s largest trading partner and its main ally.

  • North Korea Says Actions May Include Pacific H-Bomb Test (Bloomberg) North Korea struck back at U.S. President Donald Trump’s threats to destroy it, with Kim Jong Un warning of the "highest level of hard-line countermeasure in history" and his foreign minister suggesting that could include testing a hydrogen bomb in the Pacific Ocean. Foreign Minister Ri Yong Ho spoke to reporters on Thursday in New York, where he is attending the United Nations General Assembly. He said in remarks broadcast on South Korean TV that the countermeasures flagged by Kim might refer to a “strongest-ever" ground-level test of a hydrogen bomb in the Pacific.

Click for large image.

China

  • S&P Cuts China’s Credit Rating, Citing Risk From Debt Growth (Bloomberg) S&P Global Ratings cut China’s sovereign credit rating for the first time since 1999, citing the risks from soaring debt, and revised its outlook to stable from negative. The sovereign rating was cut by one step, to A+ from AA-, the company said in a statement late Thursday. The analysts also lowered their rating on three foreign banks that primarily operate in China, saying HSBC China, Hang Seng China and DBS Bank China Ltd. would be unlikely to avoid default should the nation default on its sovereign debt.

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