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What We Read Today 19 July 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:

  • 2017’s Most & Least Energy-Expensive States

  • Private School Is Becoming Out of Reach for Middle-Class Americans

  • The Man Who Got Americans to Eat Trash Fish Is Now a Billionaire

  • Debt Ceiling Concerns Start to Surface in Treasury Bills

  • The Real Impact of Trump’s Foreign Trips Happens After He Leaves

  • Trump Urges Senate GOP to Delay Recess to Repeal Obamacare

  • Donald Trump threatened Dean Heller on health care. Heller was sitting next to him.

  • A cover story and a 'green light': Trump Jr.'s meeting has all the signs of a Russian intelligence operation

  • Trump Travel Ban Must Exempt Grandparents After Top Court Rebuff

  • Eighth person in Trump team meeting linked to money laundering investigation

  • FFS Explains:  how does EU trade work?

  • Latest Dublin housing waiting list will take '180 years to fill'

  • Canadian utility Hydro One to buy Avista for C$6.7 billion

  • And More

Articles about events, conflicts and disease around the world

Global

  • The Real Impact of Trump’s Foreign Trips Happens After He Leaves (Bloomberg)  Donald Trump may be struggling to get things done at home, but in other parts of the world he’s proving a change-maker.  The U.S. president has made two foreign visits of his own choosing in the first six months of his presidency, to the Middle East and Poland. Both had rapid and major consequences, leading his hosts to believe they had American backing for high-stakes moves they had previously hesitated to make.

U.S.

  • Trump Urges Senate GOP to Delay Recess to Repeal Obamacare (Bloomberg)  President Donald Trump told Senate Republicans Wednesday they should stay in Washington until they repeal Obamacare, two days after GOP efforts to enact a new health-care law collapsed.  The president told senators at the beginning of a lunch meeting at the White House.   The president told senators at the beginning of a lunch meeting at the White House:

“We can repeal, but we should repeal and replace, and we shouldn’t leave town until this is complete -- until this bill is on my desk and until we all go over to the Oval Office.  I’ll sign it and we can all celebrate to the American people.  Any senator who votes against debate is really telling America you are fine with Obamacare.”

  • Donald Trump threatened Dean Heller on health care. Heller was sitting next to him. (CNN)  Witness a scene Wednesday at the White House where Trump hosted the entire Republican Senate conference as a way of jawboning them about the health care bill, which appears to be hopelessly stalled.  At the start of the meeting, Trump gave some on-camera remarks in which he talked about the struggles to find consensus on the legislation. Then he said this about Nevada Sen. Dean Heller, who was sitting directly to Trump's right:

"This was the one we were worried about. You weren't there. But you're gonna be. You're gonna be. Look, he wants to remain a senator, doesn't he? And I think the people of your state, which I know very well, I think they're gonna appreciate what you hopefully will do. Any senator who votes against starting debate is really telling America that you're fine with Obamacare. But being fine with Obamacare isn't enough for another reason. Because it's gone. It's failed. It's not gonna be around."

  • Donald Trump Jr.'s meeting with Russians last June bears all the hallmarks of a Russian intelligence operation.

  • The Russian side featured a potential cover story with a "cutout" — a plausible intermediary.

  • "Almost no one is a direct agent of the Kremlin," one expert says, but "anyone can become one."

  • Trump Travel Ban Must Exempt Grandparents After Top Court Rebuff (Bloomberg)   The U.S. Supreme Court dealt a setback to President Donald Trump on his embattled travel ban Wednesday, forcing the administration to accept people with grandparents, cousins and other relatives in the U.S.  The three-sentence order by the justices -- who last month let the president start restricting entry by people from six mostly Muslim countries -- gave Trump a partial win on a separate issue. The court temporarily blocked a lower court ruling that would have opened the way for potentially thousands of refugees to enter the country in the coming months.

That portion of the Supreme Court order applies while the administration appeals on the issue to a federal appellate court in San Francisco.

Justices Clarence Thomas, Samuel Alito and Neil Gorsuch dissented from part of Wednesday’s order, saying they would have let Trump also refuse entry to people with grandparents, cousins and others in the U.S. while the case is on appeal.

EU

Click for large image.

Ireland

  • Latest Dublin housing waiting list will take '180 years to fill' (Independent)   The latest Dublin housing waiting list figures would take 180 years to clear, Sinn Fein Dublin City Councillor Dáithí Doolan has claimed.  According to the latest statistics, which were released today, there are 19,752 people currently on the waiting list to be housed in Dublin. This does not include the 7,509 people currently on Dublin City Council's transfer list which increased by 941 since April.  Councillor Doolan told Independent.ie he believes the current figures are "shocking and damning" as they expose the government's "sleep-walking approach" to the housing crisis.

Canada

Mexico

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

  • 2017’s Most & Least Energy-Expensive States (WalletHub)  In the U.S., energy costs eat between 5 and 22 percent of families’ total after-tax income, with the poorest Americans, or 25 million households, paying the highest of that range. And lower energy prices don’t necessarily equate to savings. Where we live and how much energy we use are a big part of the equation. For instance, although electricity is relatively cheaper in Southern Louisiana, its scorching summer heat raises costs for residents compared with the temperate climate in more energy-expensive Northern California, where heating and cooling units stay idle most of the year.

energy.expense.states.most.least

Source: WalletHub

  • Private School Is Becoming Out of Reach for Middle-Class Americans (Bloomberg)  America's most affluent still go to private schools. They're increasingly alone.  While the enrollment rate for children from middle-income families in U.S. private elementary schools has declined significantly over the last five decades, the level for high-income families has been relatively steady, according to a National Bureau of Economic Research study released this month ― a trend that could come to perpetuate the nation's growing wealth divide.

  • The Man Who Got Americans to Eat Trash Fish Is Now a Billionaire (Bloomberg)  Chuck Bundrant was a college freshman with $80 in his pocket when he drove halfway across the country to Seattle to earn a few bucks fishing. The year was 1961.  And today, Bundrant, the founder and majority owner of Trident Seafoods, is worth at least $1.1 billion, according to the Bloomberg Billionaires Index. His wealth is due to a fair measure of pluck. Back in the early 1980s, he persuaded Americans to eat pollock, then considered a trash fish, at fast-food restaurants and, to this day, Trident ships it -- along with salmon and cod -- to chains including Costco and Safeway.

  • Debt Ceiling Concerns Start to Surface in Treasury Bills (Bloomberg)  When it comes to the debt ceiling, short-term investors aren’t waiting for Treasury Secretary Steven Mnuchin to inform Congress of the exact date the U.S. will run out of cash. Traders are already willing to pay more for bills maturing after Oct. 19 to avoid being caught holding securities vulnerable to a technical default -- in line with Congressional Budget Office forecasts that predict the federal government will hit the debt ceiling around early- to mid-October. Because of the anxiety surrounding the debt limit, bills maturing Oct. 19 are yielding 1.08 percent, versus 1.07 percent for securities due Oct. 26.


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