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20 июля, 17:44

Revive, don’t repeal: Three steps to fix Obamacare

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Print section Print Rubric:  With health-care reform stalled, Republicans must now make the Affordable Care Act work Print Headline:  Revive, don’t repeal Print Fly Title:  American health care UK Only Article:  standard article Issue:  Britain faces up to Brexit Fly Title:  Revive, don’t repeal ONLY a madman would build America’s health-care system from scratch. Its mix of private insurance, government-provided care and endless regulations is complicated, expensive and fails many vulnerable Americans. The Affordable Care Act, Barack Obama’s health-care law, is part of the mess. Yet those who passed it knew it was a grubby compromise. In America’s divided government, they reasoned, politicians must build on what already exists. Following the travails this week of their latest attempts to “repeal and replace” Obamacare, Republicans must come to a similar realisation (see article). They are too divided to sweep away the status ...

20 июля, 17:44

Redesigning the North American home: The outlines of NAFTA 2 emerge

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Print section Print Rubric:  Canada and Mexico face a tricky renegotiation of their trade agreement with the United States Print Headline:  Redesigning the North American home Print Fly Title:  NAFTA UK Only Article:  standard article Issue:  Britain faces up to Brexit Fly Title:  Redesigning the North American home Location:  WASHINGTON, DC Main image:  20170722_AMD001_0.jpg FOR months President Donald Trump has veered between threatening to terminate the North American Free-Trade Agreement (NAFTA) and merely proposing to bring it “up to date”. On July 17th, in a letter to Congress, the United States trade representative, Robert Lighthizer, made the administration’s intentions clearer. They are closer to revision than destruction, which is a relief for Mexico and Canada, the United States’ ...

20 июля, 17:44

Bello: Latin America’s disappointing economic growth

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Print section Print Rubric:  Latin America’s commodity hangover has been compounded by political uncertainty Print Headline:  The long squeeze Print Fly Title:  Bello UK Only Article:  standard article Issue:  Britain faces up to Brexit Fly Title:  Bello SCAN the Latin American newspapers and it is hard to find much sign of a convincing economic recovery. True, Brazil’s industrial production is perking up after a two-year slump. Mexico’s energy reform is starting to pay off, at last, with a big new oil discovery by an international consortium. And Peruvian restaurateurs celebrated “National Char-roasted Chicken” day on July 16th, hoping to dispatch a million birds, up from last year’s 720,000. Otherwise, animal spirits are in short supply. After five years of deceleration and one of recession, Latin America should register modest economic growth of 1-1.5% this year, according to forecasters. The picture varies from country to ...

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20 июля, 17:44

A debt rollercoaster: Credit growth in China is causing jitters

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Print section Print Rubric:  Reining in credit growth may not be as scary as some people fear Print Headline:  The debt rollercoaster Print Fly Title:  The economy UK Only Article:  standard article Issue:  Britain faces up to Brexit Fly Title:  A debt rollercoaster Location:  HONG KONG Main image:  20170722_CNP002_0.jpg “COASTER through the Clouds” in Nanchang, a city in the southern province of Jiangxi, is China’s tallest and fastest rollercoaster (see picture). It carries terrified customers up to heights of 78 metres and down again at speeds reaching 130kph. The ride towers above an amusement park built by Dalian Wanda, a Chinese property-and-entertainment conglomerate, which has aspired to outdo Disney’s resort in Shanghai. But this month the group said it was selling 13 such projects and ...

20 июля, 17:44

Charlemagne: Emmanuel Macron is revitalising the European Union—and dividing it

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Print section Print Rubric:  Emmanuel Macron is both revitalising the European Union, and dividing it Print Headline:  Sea change Print Fly Title:  Charlemagne UK Only Article:  standard article Issue:  Britain faces up to Brexit Fly Title:  Charlemagne Main image:  20170722_EUD000_0.jpg LIFE comes at you fast in the European Union. Barely a year ago, with the wounds from the refugee crisis still gaping, Donald Tusk, the president of the European Council, could be heard warning that a British vote to quit the EU threatened to bring about the collapse of western civilisation. In half the countries on the continent, snarling populists eager for European disintegration were terrifying the pro-EU establishment. Yet over the past few months, gloom has turned to sunshine. In June Mr Tusk declared that he had never felt so optimistic about the EU. Much of the credit ...

20 июля, 17:44

Re-redistribute: The ideology behind Republicans’ health-care bill

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Print section Print Rubric:  The ideology behind the Republicans’ health-care bill Print Headline:  Re-redistribute Print Fly Title:  Republican ideas UK Only Article:  standard article Issue:  Britain faces up to Brexit Fly Title:  Re-redistribute Location:  WASHINGTON, DC Main image:  Oath keepers in the Senate Oath keepers in the Senate REPUBLICANS presented their efforts to overhaul the Affordable Care Act, which flopped this week, as a necessary response to a failing law. They frequently say the individual market, in which those who do not get health insurance through their employers can buy it for themselves, is collapsing. Premiums rose by an average of 22% in 2017. So many insurers have given up on the market that about a third of counties have only one left; 38 are at risk of having no ...

20 июля, 17:44

Buttonwood: Could bond funds break the market?

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Print section Print Rubric:  A sell-off of corporate bonds could lead to a breaking-point for the market Print Headline:  The bonds that break Print Fly Title:  Buttonwood UK Only Article:  standard article Issue:  Britain faces up to Brexit Fly Title:  Buttonwood Main image:  20170722_FND001_0.jpg GOOD generals know that the next war will be fought with different weapons and tactics from the last. Similarly, financial regulators are right to worry that the next crisis may not resemble the credit crunch of 2007-08. The last crisis arose from the interaction between the market for mortgage-backed securities and the banking system. As investors became unsure of the banks’ exposure to bad debts, they cut back on their lending to the sector, causing a liquidity squeeze. Since then, central banks have insisted that commercial banks improve their capital ratios to ...

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20 июля, 17:44

Stepping up to the plate: KKR, a private-equity giant, lays out its succession plan

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Print section Print Rubric:  KKR lays out a succession plan in an industry still largely unprepared for the future Print Headline:  Stepping up to the plate Print Fly Title:  Private equity UK Only Article:  standard article Issue:  Britain faces up to Brexit Fly Title:  Stepping up to the plate Location:  NEW YORK Main image:  20170722_fnp501.jpg IN MOST four-decade-old firms run by greying co-founders, investors would have long since demanded clarity on succession. But private equity works differently: the industry has been dominated by its pioneers ever since its origins in the 1970s. So an announcement on July 17th about its future leadership by KKR, one of the world’s largest private-equity firms, puts it a step ahead of its rivals. Its aim of ensuring that the firm has the right structure ...

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20 июля, 13:03

Britain and the European Union: The six flavours of Brexit

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Print section Print Rubric:  The EU offers many menus, from Norwegian to Turkish. But Britain cannot expect to choose à la carte Print Headline:  The six flavours of Brexit Print Fly Title:  Britain and the European Union UK Only Article:  standard article Issue:  Britain faces up to Brexit Fly Title:  Britain and the European Union Main image:  20170722_BRD001_0.jpg JUST over a year has passed since Britain voted to leave the European Union and Theresa May subsequently became prime minister. Nearly four months have elapsed since Mrs May invoked Article 50 of the EU treaty, setting a two-year deadline for Brexit that will expire on March 30th 2019. The clock is ticking. And at first blush there has been much activity: a big speech by Mrs May at Lancaster House in January; several government white papers; bills introduced in Parliament; and the start of formal ...

20 июля, 12:49

Indicators: Retail sales, producer prices, wages and exchange rates

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Print section UK Only Article:  standard article Fly Title:  Indicators Article body images:  20170722_INT600.png Published:  20170720 Source:  Online extra Enabled

14 июля, 18:08

The Senate’s health bill: Trumpcare, version three

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Main image:  IS THE Senate’s revised health-care proposal a good bill? And will it pass? Ideally these two questions would be related. But this is sausage-making, so they are not. Let’s take the first one first.If you want something approaching universal health-care coverage, there are three ways to do it. One is for the government to tax citizens and then use revenue to fund their care (the single-payer model). The second is to subsidise people to buy coverage. This only works if the subsidies are generous enough for the decision to buy insurance to be a no-brainer. The third is to compel people to buy insurance, by law or by a fine.At the moment America does all three. Veterans, the elderly, the poor and inhabitants of reservations for native Americans all have versions of the single-payer system, via the Veterans Health Administration, Medicare, Medicaid and the Indian Health Service. The care people receive from these programmes is often poor, but that’s another story. Since the passage of the Affordable Care Act, aka Obamacare, the federal government has also subsidised people to buy insurance and introduced fines for those who do not. The result of this mixed system has been a decline in the number of people who have no health insurance, from a high of 18% in 2013 to 12% now, according to ...

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13 июля, 18:21

The other handover: An illustrious Hong Kong container firm sells to China

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Print section Print Rubric:  An illustrious Hong Kong company sells to a mainland rival Print Headline:  The other handover Print Fly Title:  Container shipping UK Only Article:  standard article Issue:  Liu Xiaobo’s death holds a message for China Fly Title:  The other handover Location:  HONG KONG Main image:  Terminal value Terminal value STONECUTTERS ISLAND in Hong Kong used to be a favoured habitat for poisonous snakes and eye-catching birds such as the white-bellied sea eagle. Thanks to Hong Kong’s rapid development, it is no longer so hospitable. Its sky is full of gantry cranes, stacking 20-foot-long shipping containers in multicoloured tessellations, like giant Lego bricks. A cluster of decorative containers, daubed in graffiti, line the perimeter of container terminal eight, which is ...