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posted on 08 October 2017

Early Headlines: Nate Storms Ashore, Market Bubbles, Trump Health Deal With Dems?, Fracking Waste, Boris J In Trouble?, China's Wall Of Local Gov Debt, And More

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Early Bird Headlines 08 October 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 Market Bubbles (The Daily Shot) Here is an illustration of what many consider to be “market bubbles."


  • Trump says open to temporary healthcare reform deal with Democrats (Reuters) U.S. President Donald Trump said on Saturday he would be open to cutting a one-year or two-year deal with Democratic rivals as a way to kick-start reform of the nation’s healthcare system, a key campaign pledge made by Trump and the Republican Party. Republicans fell short several times this year in their drive to repeal former President Barack Obama’s signature domestic legislation, formally known as the Affordable Care Act, a promise the party has campaigned on for seven years.
  • Trump Implies Vets Suffering From PTSD 'Can’t Handle' War (NBC News) Donald Trump has come under fire for comments he made during a Q&A with retired veterans Tuesday morning. Speaking with the Retired American Warriors PAC in Virginia, the Republican nominee suggested veterans suffering from PTSD are not “strong" and “can’t handle" the stresses of war.
  • Why American gun laws are likely to get looser, not tighter, even after Las Vegas: Analysis (The Star) Hat tip to Roger Erickson. Guns are as American as apple pie:

Aside from a possible move on bump stocks, accessories that are little known even to many gun owners, the Republicans who control Congress are almost certain to take no action after the deadliest mass shooting in modern U.S. history. President Donald Trump, who just five years ago applauded Barack Obama’s call for stricter gun control after the Sandy Hook elementary school massacre, now presents himself as an unwavering champion of the constitutional right to bear arms.

  • Far away from any witnesses, my small town is being poisoned by fracking waste (The Guardian) In a tiny south-eastern Ohio town in the Appalachian foothills, the Hazel Ginsburg Well is holding waste from out-of-state fracking operations - a sludge of toxic chemicals and undrinkable water.
  • Hurricane Nate makes landfall at U.S. Gulf Coast (Reuters) Hurricane Nate made landfall near the mouth of the Mississippi River as a Category 1 storm packing winds of 85 miles per hour on Saturday night, threatening parts of Louisiana, Mississippi and Alabama with torrential rain and potential flooding. Nate, the fourth major storm to strike the United States in less than two months, killed at least 30 people in Central America before entering the warm waters of the Gulf of Mexico and bearing down on the U.S. South. It has also shut down most oil and gas production in the Gulf. New Orleans avoided the brunt of the storm: The National Hurricane Center (NHC) downgraded its warning for New Orleans to a tropical storm. For latest details follow Sig Silber who posts regular in depth updates, the latest: Nate Still Dangerous - 08Oct2017.

Click for large image.


  • May signals possible demotion of Boris Johnson - report (Reuters) Prime Minister Theresa May signalled in an interview that she might demote Foreign Secretary Boris Johnson, a Sunday newspaper said, after she faced an open rebellion from within her party this week. The Sunday Times said it asked May about her plans for Johnson, who has professed loyalty but is accused by some of the prime minister’s allies of undermining her by putting forward his own vision for Britain’s exit from the European Union. The paper quoted May as replying, in what it called a signal that she was prepared to bring in new ministers to her cabinet and axe those who had caused her problems:

“It has never been my style to hide from a challenge and I‘m not going to start now. I‘m the PM, and part of my job is to make sure I always have the best people in my cabinet, to make the most of the wealth of talent available to me in the party."

Saudi Arabia

  • Gunman attacks Saudi security forces at gate of Jeddah royal palace (Reuters) Two Saudi guards were shot dead and three others injured on Saturday morning when a man drove up to the gate of the royal palace in Jeddah and began shooting, the interior ministry said in a statement carried by state news. Royal Guards killed the gunman, who was identified in the statement as Mansour al-Amri, a 28-year-old Saudi national.



  • Two more staffers leave National Inquiry into Missing and Murdered Indigenous Women and Girls (The Star) Two more staff members have left the National Inquiry Into Missing and Murdered Indigenous Women and Girls, just a day after the inquiry named a new executive director. According to a public statement released late Saturday by chief commissioner Marion Buller, director of research Aimeé Craft and lead commission counsel Susan Vella are no longer with the inquiry. The departures were announced after the inquiry posted an announcement on social media late Friday saying that Debbie Reid had been named the inquiry’s new executive director.

The loss of the two senior staffers are part of a series of high profile resignations the inquiry has faced in the last thirteen months. Those departures include Michele Moreau, who resigned as executive director in June and inquiry commissioner Marilyn Poitras, a Metis lawyer from Saskatchewan, who resigned in July.


  • Indigenous woman registers to run for Mexican presidency in 2018 (Reuters) An indigenous woman backed by Mexico’s rebel Zapatista movement registered on Saturday to run as an independent candidate in next year’s presidential election, adding to a growing list of hopefuls bucking established political parties. Maria de Jesus Patricio Martinez is the spokeswoman for the National Indigenous Congress, the political arm of the Zapatista National Liberation Army (EZLN), and in May was picked to be the group’s 2018 presidential candidate.

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