Wednesday Morning Briefing: How Trump transformed U.S. refugee program
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September 12, 2018
Reuters News Now
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Highlights
Refugees admitted to the United Statesfrom the small European nation of Moldova now outnumber those from Syria by three to one, although the number of Syrian refugees worldwide outnumbers the total population of Moldova. Our latest Special Report looks at how the Trump administration is reshaping the U.S. refugee program.
Hurricane Florence,on track to become the first Category 4 storm to make a direct hit on North Carolina in six decades, howled closer to shore, threatening to unleash pounding surf, days of torrential rain and severe flooding.
Appleis expected to blast further past the $1,000 price barrier when it launches new iPhones today, but Wall Street is most intrigued by how deep into its larger-than-ever lineup prices hikes may go.
World
Turkey's central bankis expected to raise interest rates tomorrow to calm a currency crisis, but forecasts for the scale of the increase vary widely as the bank balances concerns over lira weakness with worries about an economic slowdown.
Commentary:The unnamed insiders who claim to be working clandestinely to resist Trump are not heroes, says Peter Van Buren, a State Department veteran. “No one should join the government to do only things they think are personally right; one serves the United States, and takes an oath to a Constitution."
What is ‘shadow banking’? Why do many think it poses some risk ten years after the 2008 financial crisis? Asia Finance Editor Jennifer Hughes explains in the latest installment of our multimedia series that reflects on what has changed in the ten years since Lehman Brothers’ fall.
Barney Frank helped craft the post-crisis rules that put banks back on track. In one of our latest podcasts, he talks with John Foley about how politics has made the system more fragile, why populism thrived on the right but fizzled on the left, and what it was like to be one of the few openly gay lawmakers.
In the run-up to the 2008 financial crisis, millions of amateur investors kept adding fuel to the overheating U.S. housing market by betting on quick profits in hotspots like Las Vegas or Miami. A decade later, house-flipping is making a comeback, but this time in some Rust Belt cities the last boom passed by.
