Daily Digest: February 25, 2015
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Today’s Featured Story…
Fight at US Supreme Court over health law affects Illinois
From the Southern: A case being heard at the U.S. Supreme Court next week challenges health insurance subsidies for more than 270,000 Illinois residents and many more people in states that did not set up their own insurance exchanges under President Barack Obama's health overhaul.
Yellen backs Obama stance against adding currency language to trade bills
From Market Watch: Federal Reserve Chairwoman Janet Yellen said she strongly supports the White House position against adding currency manipulation to a Pacific trade agreement.
World stocks near all-time highs after Fed signals
From Reuters: World stocks were within touching distance of an all-time high on Wednesday as investors cheered signals from Federal Reserve Chair Janet Yellen that the U.S. central bank would not rush into raising interest rates. Markets, still on high after the euro zone agreed to extend Greece's aid deal, were given a further lift as slightly better-than-expected Chinese factory activity data helped ease concerns about the extent of the country's economic slowdown.
Right-to-work and Illinois
From the Chicago Tribune: For more than six decades, talk of a right-to-work law — which backers say would make Illinois more competitive for jobs — was largely irrelevant here. Of the six border states eager to poach companies away from Illinois, only Iowa had a law that forbade making employment contingent on joining or paying dues to a union. Illinois wasn't at a big labor-law disadvantage to most of its neighbors.
What Clever Robots Mean for Jobs
From the Wall Street Journal: But recent advances—everything from driverless cars to computers that can read human facial expressions—have pushed experts like Mr. Brynjolfsson to look anew at the changes automation will bring to the labor force as robots wiggle their way into higher reaches of the workplace. They wonder if automation technology is near a tipping point, when machines finally master traits that have kept human workers irreplaceable.
Defying GOP, Obama vetoes Keystone XL pipeline bill
From the Chicago Tribune: Defying the Republican-run Congress, President Barack Obama rejected a bill Tuesday to approve construction of the Keystone XL oil pipeline, wielding his veto power for only the third time in his presidency.
Harry Reid takes the stage in the DHS fiasco
The Washington Post says: For years, they complained that the Republican minority had tied the chamber in knots. But now, just weeks into their stint in the minority, Democrats are brazenly using the same knot-tying procedures.
Outside the Box…
Former Marine found guilty in 'American Sniper' trial
From Fox News: A former Marine was found guilty late Tuesday of the 2013 shooting deaths of former Navy SEAL Chris Kyle, the author of "American Sniper," and his friend Chad Littlefield. It took an Erath County, Texas jury less than two hours to convict Eddie Ray Routh of capital murder. State District Judge Jason Cashon sentenced Routh to life in prison without the possibility of parole. Prosecutors had not sought the death penalty in the case. Routh's defense team said they would appeal the conviction.