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What We Read Today 20 September 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:

  • Jack Ma Says Stop Looking to Manufacturing Growth for Jobs

  • Asian Privilege?

  • Nicaragua to sign Paris deal, leaving US, Syria as only countries opposed

  • Yellen Says Fed Is Monitoring Banks for Harm From Equifax Breach

  • Blue Cross warns GOP repeal bill 'undermines' pre-existing condition rules

  • Trump: 'Very good chance' Congress repeals ObamaCare 

  • Witnesses yell 'he can't hear you' as cop shoots deaf man

  • Bloomberg: Border wall 'impossible to build'

  • Hurricane Maria Batters Puerto Rico

  • Maria has reached the Virgin Islands and Puerto Rico - 20Sep2017

  • Germany Has Third World Internet

  • More than 200 dead after magnitude 7.1 quake strikes Mexico; 'death toll will rise'

  • And More

Articles about events, conflicts and disease around the world

Global

  • Nicaragua to sign Paris deal, leaving US, Syria as only countries opposed (The Hill)  The Nicaraguan government is preparing to join the Paris climate agreement, making Syria the only country not to be a party to the deal and the United States the only nation determined to pull out of it.  Nicaragua President Daniel Ortega told local media this week that the country is preparing to sign the deal, under which nations determine individual greenhouse gas reduction plans.

U.S.

  • Yellen Says Fed Is Monitoring Banks for Harm From Equifax Breach (Bloomberg)  The Federal Reserve is working with the banks it supervises to guard against fraudulent transactions and other potential harm stemming from the “very serious” Equifax Inc. data breach, Chair Janet Yellen said Wednesday.  Consumers should monitor their credit reports and personal finances in response to Equifax’s disclosure that personal information on 143 million Americans may have been compromised, Yellen said at a news conference in Washington. The Fed is working to ensure banks take appropriate actions if fraudulent transactions are found or if data is contaminated, she said.

  • Blue Cross warns GOP repeal bill 'undermines' pre-existing condition rules (The Hill)  See also next article. The Blue Cross Blue Shield Association warned against a new GOP ObamaCare bill on Wednesday, saying it would "undermine" protections for pre-existing conditions.  The bill would allow states to repeal ObamaCare rules that prevent people with pre-existing conditions from being charged higher premiums.  The Blue Cross Blue Shield Association said in a statement:

"The bill contains provisions that would allow states to waive key consumer protections, as well as undermine safeguards for those with pre-existing medical conditions." 

  • Trump: 'Very good chance' Congress repeals ObamaCare (The Hill)  President Trump on Wednesday voiced confidence that the latest Republican plan to repeal ObamaCare could become law.   “It has a very good chance,” Trump told reporters when asked if the proposal will pass.  See also preceding article.

  • Witnesses yell 'he can't hear you' as cop shoots deaf man (ABC News)  Oklahoma City police officers who opened fire on a man in front of his home as he approached them holding a metal pipe didn't hear witnesses yelling that he was deaf, a department official said Wednesday.

  • Bloomberg: Border wall 'impossible to build' (The Hill)  Former New York City Mayor Michael Bloomberg (I) said Wednesday that President Trump's proposed border wall with Mexico is "not very practical" and "almost impossible to build". 

  • Hurricane Maria Batters Puerto Rico (Bloomberg)  Hurricane Maria ripped through Puerto Rico, causing potentially billions of dollars in damage and threatening to continue the population exodus that helped push the island into bankruptcy.  Maria made landfall in the southeastern part of the U.S. territory Wednesday with winds reaching 155 miles (249 kilometers) per hour, knocking out electricity across the island. The storm flooded parts of downtown San Juan, downed trees and ripped the roofs from homes. Puerto Rico has little financial wherewithal to navigate a major catastrophe, given its decision in May to seek protection from creditors after a decade of economic decline, excessive borrowing and the loss of residents to the U.S. mainland.  For the latest from Sig Silber:  Maria has reached the Virgin Islands and Puerto Rico - 20Sep2017 (uodated as of 3:00 pm EDT).

Germany

germany.internet

Mexico

  • More than 200 dead after magnitude 7.1 quake strikes Mexico; 'death toll will rise' (ABC News)  More than 200 people, including 21 schoolchildren, are dead after a magnitude 7.1 earthquakerocked central Mexico on Tuesday afternoon, hitting on the 32nd anniversary of the biggest quake to strike the country's capital.  Yesterday's earthquake was centered about 75 miles southeast of Mexico City and caused extensive damage, leveling at least 44 buildings, including homes, schools and office buildings, according to Mexican President Enrique Pena Nieto, who did a flyover of the city Tuesday afternoon.

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

  • Jack Ma Says Stop Looking to Manufacturing Growth for Jobs (Bloomberg)  Alibaba Group Holding Ltd. Chairman Jack Ma, who wooed President Donald Trump earlier this year with a pledge to help create 1 million new U.S. jobs by 2021, said people should stop looking to manufacturing to drive economic growth.  While the rapid speed of technological change is understandably causing concern about the future, Ma called on leaders to embrace the promise of advances like artificial intelligence to span whole new industries.  Ma thinks the world economy is moving from large companies to smaller companies.  There will still be giants but many more small enterprises.

  • Asian Privilege? (TwitterEconintersect:  May we suggest Asian Exceptionalism?

household.income.byethnicity


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