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posted on 15 December 2017

Early Headlines: Asia Stocks And Dollar Down, Oil And Gold Nearly Flat, Net Neutrality Gone, Polls Against Mueller, Trump And Putin Talk, China Still Bldg In So China Sea, And More

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Early Bird Headlines 15 December 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, published Monday, Wednesday and Friday, 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.dec.15

U.S.

  • Rubio Now Against GOP Tax Bill Unless It Expands Child Tax Credit (Daily Beast) After weeks of waffling, Sen. Marco Rubio (R-FL) on Thursday told Senate leaders he now opposes the Republicans’ tax plan unless it expands the child tax credit, The Washington Post reported. Rubio and Sen. Mike Lee (R-UT) proposed an expansion of that tax credit - aimed at helping the working poor - but it was rejected by the Senate in the previous version of the bill that passed through the chamber. Lee has not yet indicated whether he still supports the bill.

  • FCC votes to repeal net neutrality rules (The Hill) The Federal Communications Commission (FCC) has voted to repeal its landmark net neutrality protections, capping off a months-long campaign by the agency’s Republicans to deregulate the broadband industry. The FCC voted 3-2 along party lines Thursday to scrap its 2015 Open Internet Order as Democratic lawmakers and dozens of activists protested outside.
  • Here's who'll benefit, and who might not, if net neutrality is repealed as expected (Los Angeles Times) Here are the lists:

Winners

  • Internet service providers
  • Large content providers
  • Connection sensitive services

Losers

  • Startups
  • Small companies

To Be Determined

  • Consumers

When asked if Mueller has a conflict of interest “as the former head of the FBI and a friend of James Comey," 54 percent responded that the “relationship" between the two amounts to a conflict of interest, including 70 percent of Republicans, 53 percent of independents and 40 percent of Democrats.

Comey succeeded Mueller as FBI director and the two have been described as “brothers in arms" for their working relationship, which dates back to the early 2000s, although the extent of their personal relationship is unclear.

EU

  • New rules take effect in January that could have big implications for the finance industry
  • Various asset classes will now have a new set of standards for executing trades
  • Concerns are being raised that analyst research could be restricted by the rules

Russia

The call came Thursday, after Putin used his annual news conference to praise the U.S. financial markets’ rise and other “quite serious achievements" under Trump, whom he said he was on first-name terms with. The Russian president also dismissed as “spy-mania" allegations of his collusion with the Trump campaign and suggested the FBI has been drugging the whistle-blower who led to Russia’s Olympics ban.

North Korea

Graham told The Atlantic in an interview published Thursday he believes there is "a three in 10 chance we use the military option" if the country conducts another long-range ballistic missile test. He said the odds Trump attacks jump to "70 percent" if North Korea detonates another nuclear bomb.

China

  • While focus is on North Korea, China continues South China Sea buildup: think tank (Reuters) Chinese activity has involved work on facilities covering 72 acres (29 hectares) of the Spratly and Paracel islands, territory contested with several other Asian nations, according to the Asia Maritime Transparency Initiative of Washington’s Center for Strategic and International Studies. The report cited satellite images.

fiery.cross.reef

Chile

characterized by a substantial decline in GDP growth rate, with the Chilean economy growing at a slower rate than Latin American and global growth rates. If from 1990 to 1999 our economy grew an average of 6.4 percent annually, from 2000 to 2009 this expansion only reached an annual 4 percent, and has been declining.

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