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What We Read Today 06 January 2017

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).

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Topics today include:

  • Arctic Temperatures Reach Extremes

  • American Workers Still have Globally High Wages

  • 37 Million More People have Healthcare Coverage than in 2011

  • Only About 3% of American Affected by Obamacare Rising Premiums

  • Older Americans Now Retiring in Droves

  • Mass Shooting at Fort Lauderdale - Hollywood Airport

  • U.S. Manufacturing Output has Increased in Irregular Timeline Pattern Since 2000

  • London Underground Tube Strike Likely

  • Israel Cuts UN Funding

  • Turkey Dismisses Another 6,000 Public Employees

  • Another Key District in Mosul Retaken from ISIS

  • U.S. Intel Identifies Specific Russians in Hacking Probe

  • And More

Articles about events, conflicts and disease around the world

Global

Click for large image.
arctic.temps

labor.costs.major.countries

U.S.

  • Health Insurance Coverage in the United States: 2015 (U.S. Census Bureau)  The number of Americans without healthcare coverage in 2011 was approximately 47 million; in 2015 it was approximately 27 million.  The U.S. population increased from 2011 to 2015 by approximately 10 million - that means about 37 million gained healthcare coverage between 2011 and 2015.

healthcare.uninsured.2008.2015

obamacare.who.is.affected

  • Older Americans Are Retiring In Droves (Financial Advisor)  The number of Americans aged 65 or older without a disability that aren't in the labor force rose by 800,000 in the fourth quarter of 2016, marking the resumption of a long-standing trend: the exodus of their generation from the work force and into retirement.  For more than five years, the six-month trend for this figure -- a significant demographic source of downward pressure on the headline labor force participation rate -- had been heading higher, before plateauing for most of 2016. The labor force participation rate for this cohort tanked by a full percentage point, to 23.6 percent, in the final quarter of the year.  Data on flows in and out of the labor force back up this story, with the six-month trend in Americans moving from employment to outside the workforce (a loose proxy for retirements) notably accelerating since October.  Whether a larger share of senior citizens had previously been incented to remain in their jobs by higher wages or by a need to keep working in order to rebuild their nest eggs after the financial crisis is still an open question. But the recent non-farm payroll reports affirm that the secular trend of rising retirements can only be delayed for so long.

  • BSO: 5 dead, 8 hurt after shooting at FLL (WSVN Channel 7 News Miami)   A passenger on a flight that landed at Fort Lauderdale-Hollywood International Airport opened fire in a baggage claim area, Friday afternoon, killing at least five people and injuring eight others, authorities said.  FLL officials said the shooting took place in the lower level baggage claim area, in Terminal 2, at around 12:55 p.m., Friday.  By 1 p.m., one subject was in custody.

  • Manufacturing Sector: Real Output (Federal Reserve Bank of St. Louis)  U.S. real manufacturing output (real = inflation adjusted) has increased more than 16% since the beginning of this century, 28% since the beginning of 2002, and 33% since the middle of 2009.  But manufacturing jobs and wages have not been increasing (see next article).

Click for larger image.

Click for larger image.

UK

  • Last-ditch talks over Tube strike arranged (BBC News)  Last-ditch talks aimed at averting a strike, which is expected to cause major disruption on London Underground (LU), will take place on Saturday.  Workers from the RMT and the Transport Salaried Staffs' Association (TSSA) unions are scheduled to walk out for 24 hours from 18:00 GMT on Sunday.  Conciliation service Acas said representatives from both unions and LU will attend, despite the RMT suggesting earlier that all discussions were over.  The dispute is over staffing numbers.  Transport for London (TfL) has warned the majority of central London Tube stations will be closed and there will be "limited services" in outer London, if the strike goes ahead.

Israel

Turkey

  • Turkey dismisses 6,000 more workers in post-coup crackdown (Reuters)   Turkey dismissed more than 6,000 more police, civil servants and academics under emergency rule on Friday, continuing a purge in the wake of a failed coup last July, according to decrees issued in the Official Gazette.  The decrees ordered the dismissal of 2,687 police officers, 1,699 officials from the justice ministry, 838 from the health ministry, more than 630 academics and 135 officials from the religious affairs directorate.  They also stated that individuals overseas who are being sought by the Turkish authorities might have their citizenship removed if they fail to return within three months.  Some 120,000 people have been suspended or dismissed since the coup, although thousands of them have since been restored to their posts. More than 41,000 have been jailed pending trial out of 100,000 who have faced investigation.

Iraq

  • Mosul battle: Iraqi troops 'take key district' from IS (BBC News)   Iraqi forces have made fresh progress in the battle against so-called Islamic State (IS) in Mosul, reportedly taking a key district in the city's east.  Elite troops captured al-Muthana following night-time fighting, an army spokesman said, putting them in a position to take higher ground nearby.  It comes days after Iraqi forces began the second phase of a push to conquer the last major IS stronghold in Iraq.  About two-thirds of east Mosul has been retaken since October, officials say.

Russia

  • U.S. intel report identifies Russians who gave emails to WikiLeaks - officials (Reuters)   The CIA has identified Russian officials who fed material hacked from the Democratic National Committee and party leaders to WikiLeaks at the direction of Russian President Vladimir Putin through third parties, according to a new U.S. intelligence report, senior U.S. officials said on Thursday.  The officials, who spoke on condition of anonymity, said the Central Intelligence Agency and others have concluded that the Russian government escalated its efforts from discrediting the U.S. election process to assisting President-elect Donald Trump's campaign.  The intelligence assessment was presented to President Barack Obama on Thursday and will be briefed to Trump on Friday. Trump has rejected the broad intelligence community's assessment that Russia staged cyber attacks during the election campaign to undermine Democratic rival Hillary Clinton.  Russia has rejected the hacking allegations.

Other Scientific, Health, Political, Economics, and Business Items of Note - plus Miscellanea

atlantic.currents

employment.growth.2009.2016.dec

investment.returns.since.election.day.2017.jan.04


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