18 December 2015



Today’s Issue Cluster: US Health Insurance

BOJ – Befuddles With Surprise Move
Butter – Meltdown as US Spot Price Plummets Most in 11 Years
Coal – Mass Layoffs in China Threaten Unrest


MAJOR DATA POINTS

Germany – Dec: Ifo business confidence dips; 108.7 from 109.0 / AFP

US – Dec: Markit services falls to 12-month low; 53.7 from 56.1 / m


MARKETS



ECONOMICS

Japan – Abe Debuts New Social Programs to Help Economy WSJ *

Japan – Ends ‘love hotels’ affair in favour of hostels FT *


POLITICS & FISCAL POLICY

Japan – Income tax reform next on Tokyo’s to-do list N


MONETARY POLICY

BOJ – Japan Tankan survey eases pressure FT / b *

BOJ – Befuddles With Surprise Move WSJ / FT / NYT / B / WSJ


FINANCE

Japan – Mega Banks are Mega Cheap WSJ *


REAL ESTATE



LABOR & EDUCATION

Japan – Unemployment falls to 20-year low FT / WSJ *

Japan – Abe calls for steady minimum wage rises FT

Japan – Tokyo’s Test: Policy vs. Demographics wsj


SERVICES



MANUFACTURING



TECH



TRADE & TRANSPORTATION



COMMODITIES

Butter – Meltdown as US Spot Price Plummets Most in 11 Years B *

Honey – Canada production jumps to 9-year high CBC


ENERGY & ENVIRONMENT

Coal – Worst Days Behind It as Archaic Grid Crimps Gas Growth B *

Coal – ‘Clean’ technology fails to capture world’s attention AP

Coal – Pit Closure Marks Dying Embers of UK Industry WSJ / FT / WSJ / FT *

Coal – Mass Layoffs in China Threaten Unrest NYT *

Coal – Alberta and BC suffering from severe downturn G&M

Coal – Write-down on MT plant slashes value 87% AP

Coal – Some See Long-Term Decline NYT

Coal – Hard to Dethrone in Asia WSJ * *

Coal – Australia riding train despite climate pleas AFP


HEALTH

Insurance – Penalties Will Cost More Than Coverage for Millions B / NYT *

Insurance – Official Makes Tweaks as Insurer Complaints Grow B *

Insurance – The Woman Who Has 13 Months to Bolster Obamacare B *

Insurance – UnitedHealth Says It Should Have Stayed Out of ACA B / Hill

Insurance – Obamacare’s Fate May Rest on Patience of Aetna, Anthem B

Insurance – Hospitals Feel Pain as UnitedHealth Eyes Obamacare Exit B *

Insurance – Lone profitable ACA co-op losing millions AP

Insurance – Regulation may hurt other firms, but health thrives on it E *

Insurance – CBO projects 2m fewer jobs under ObamaCare hill

Insurance – Obamacare and the Cockroaches nyt *

Insurance – Rubio Quietly Undermines Affordable Care Act NYT / AP

Insurance – Senate Votes to Repeal Obamacare NYT

Insurance – Congress Readies Blows to Obama’s Health Care Law NYT / B

Insurance – Obamacare Supporters Make Case for Big Changes wsj


ENDNOTE

A strange strip of Fukushima Prefecture, Japan motw * *


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