Russia Flexes; Obamacare Helps The Really, Really Poor; Fed Ignores Global Growth; The Cash-Only Housing Recovery; North Korea’s Take On Free Speech – Thursday Morning News Roundup 8-29-2013

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Here is a collection of some of the stories making the Internet rounds this morning. Click the links for the full stories.

 

  • Russia will “over the next few days” be sending an anti-submarine ship and a missile cruiser to the Mediterranean as the West prepares for possible strikes against Syria, the Interfax news agency said on Thursday. Source: Agence France-Presse…

 

  • Republicans have long blamed President Obama’s signature health care initiative for increasing insurance costs, dubbing it the “Unaffordable Care Act.” Turns out, they might be right. A single wage earner must make less than $20,000 to see his or her current premiums drop or stay the same under Obamacare, an independent review by National Journal found. That’s equivalent to approximately 34 percent of all single workers in the U.S. seeing any benefit in the new system. Source: National Journal…

 

  • The U.S. Federal Reserve has told Asia, Latin America, Africa and Eastern Europe to drop dead, a crucial error that has high-stakes implications for the economy of the U.S. and elsewhere. Emerging markets are half the world economy, according to IMF data. The “power ratio” is no longer 1:2, it is 1:1. Yet U.S. policymakers continue to dismissively comment that the emerging market rout is not the Fed’s problem. “Other countries simply have to take that as a reality and adjust to us,” said Dennis Lockhart, the Atlanta Fed chief. Source: The Telegraph…

 

  • More Americans are buying homes in all-cash deals, according to several recent studies. But real- estate experts say this increase may not be a good sign for the health of the housing market. A report by Goldman Sachs last week estimated that cash sales now accounted for 57% of all residential home sales versus 19% in 2005. Source: MarketWatch…

 

  • Hyon Song-wol, a singer, rumoured to be a former lover of North Korean leader Kim Jong-un, is said to have been arrested on Aug 17 with 11 others for violating laws against pornography. All 12 were machine-gunned three days later, with other members of North Korea’s most famous pop groups and their immediate families forced to watch. The onlookers were then sent to prison camps, victims of the regime’s assumption of guilt by association, the reports stated. Source: The Telegraph…

 

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