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posted on 25 September 2017

Early Headlines: Asia Stocks Mixed, Dollar Up, Oil And Gold Down, Climate Catastrophes, New Travel Ban, Health Bill Revised, Maria Still In Play, More Brexit Struggles, Merkel Weakened But Still Elected, And More

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Early Bird Headlines 25 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.25

  1. India is the top source of international migrants, with one-in-twenty migrants worldwide born in India.
  2. India is also one of the world’s top destinations for international migrants.
  3. India has one of the world’s lowest emigration rates.
  4. India receives more remittances from migrants than any other country.
  5. India’s religious minorities have been more likely to migrate internationally.

U.S.

  • Trump announces new travel restrictions on 8 countries (The Hill) President Trump is replacing his controversial travel ban with a targeted list of restrictions that will enhance vetting for nationals from eight countries, senior administration officials announced Sunday. The eight countries on the modified list of countries are Chad, Iran, Libya, North Korea, Somalia, Syria, Venezuela and Yemen.

The officials say these states failed to comply with the U.S. information-sharing requirements that aim to make vetting processes stronger.

Iran, Libya, Syria, Yemen and Somalia are part of the president's initial travel ban, and it has removed its restrictions on Sudan.

Four additional countries have been added to the list of states that do not meet the new American vetting requirements: Iraq, North Korea, Chad and Venezuela.

  • New York's Andrew Cuomo issues pointed call for Puerto Rico relief, says put divisions aside (CNBC) (Econintersect: Playing politics? Perhaps, but this looks like a "gimme".) A delegation of U.S. elected officials is headed to Washington D.C. to urge the federal government to give Puerto Rico the same level of assistance and urgency that it gave to help Texas and Florida in the wake of Hurricanes Harvey and Irma. New York Gov. Andrew Cuomo said at a press conference on Sunday at New York's Javits Center:

"This is going to be a long hard road for Puerto Rico and this is a situation that will require billions of dollars in assistance, and that will have to be done by the federal government."

  • Republican health care bill revised to target key votes (CNN) As the Republican Party's last-ditch effort to repeal Obamacare hangs by a thread, a revised version of the Graham-Cassidy bill was circulated to Senate Republicans on Sunday with the aim of winning over key votes.

Even with the new changes, the task ahead is daunting. GOP Sens. Rand Paul and John McCain have already publicly opposed the bill, and leadership can't afford to lose one more. Plenty of others, including Lisa Murkowski of Alaska and Susan Collins of Maine have made known their deep reservations -- Collins went as far as to say on CNN Sunday morning that it was "very difficult" for her to envision getting to a "yes."

And time is ticking. The vehicle that Republicans are using that allows them to advance a bill without any Democratic support is set to expire at the end of September, making the next several days critical.

Click for large image.

UK

An unkind observer -- and there are a lot of unkind observers of Britain across the EU at the moment -- would conclude that the British want everything about the EU, except European people. This is not a constructive basis for negotiations, but it is also the most conciliatory position May can get past her own party. Faced with a choice of an economic cliff, or a leadership challenge, she is taking the country toward the cliff.

Germany

  • Angela Merkel wins a fourth term in office - but it won’t be an easy one (The Conversation) Angela Merkel will continue as chancellor of Germany. But following an election that saw the rise of smaller parties - most notably the far right - her fourth term will probably be an eventful one in ways she would not wish for. The Union parties (Merkel’s CDU and sister party CSU) finished in top place with just under 33%. They did nevertheless lose almost 9% over their previous election result of 2013. The Social Democratic Party (SPD), coalition partner to the Union parties, finished a distant second, with just over 20% of the vote. For the SPD, this is a historic low: almost 6% down on the last election. Party leader Martin Schulz failed to come up to scratch in a lacklustre campaign.

Four smaller parties have managed to meet the 5% threshold to qualify for seats in parliament.

The right-wing populist party, Alternative for Germany (AfD), achieved a dubious milestone in post-war German history. With a vote share of 12.5%, it will be the first overtly far-right nationalist party to enter the federal parliament.

North Korea

Pyongyang's cyberspies conduct low-cost, high-impact, deniable attacks around the world to harm enemies, disrupt the West and steal money. Financial institutions are particularly at risk of theft as North Korea bleeds funds to support its nuclear program.

The goal for North Korea's cyberattack operations, beyond flying under the radar, is to inflict death by a thousand cuts -- a deliberate and organized disrupt-and-attack approach in line with the country's national strategy. Arguably, the more money and resources North Korea can steal via cyberattacks, the stronger its kinetic military can become.

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