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Centene Corp., an insurer, saw a significant drop in its shares after releasing a projection for its Medicaid program that disappointed investors. The company stated that membership in the Medicaid program for low-income individuals would be around 13 million this year, lower than its previous forecast of 13.6 million members by the end of 2024. This decrease in membership means that Centene will collect less in premiums, putting pressure on its medical-loss ratio. Despite this, the company affirmed its guidance for adjusted earnings in 2024, although it suggested that Wall Street's expectations for the quarterly pace might be too optimistic. Higher costs in the Medicaid business are being offset by strong performance in the company's health insurance exchange segment, as well as reductions to other expenses and investment income. [Extracted from the article]

(Bloomberg) -- Centene Corp. shares fell the most in a year after the insurer released a projection for members in its Medicaid program that disappointed investors.Membership in the joint state-federal health program for low-income people will be about 13 million this year, the insurer said at the Wells Fargo Healthcare Conference. The company had earlier forecast 13.6 million members by the end of the year.Centene also affirmed its guidance for 2024 adjusted earnings of greater than $6.80 a share.Shares fell as much as 9.3%, their biggest intraday loss since June 2023.©2024 Bloomberg L.P.By John TozziReported by Author [Extracted from the article]

The article discusses the rising prices of electricity in South Africa and how it is deepening the divide between the rich and the poor. While wealthy households and businesses are able to afford clean-energy solutions like solar panels, the poor are facing increased costs and power cuts. The city of Johannesburg has implemented prepaid meters, which have disproportionately affected the poor. Critics argue that the city is not effectively implementing free electricity services for the indigent population, and the new charges were imposed without proper consultation. The article highlights the challenges faced by residents in poorer areas, including power outages, crime, and the difficulty of accessing government assistance. [Extracted from the article]

A report from the Commonwealth Fund, an independent health research foundation, found that women in US states with severe abortion restrictions were more than twice as likely to die in or around childbirth compared to states with greater access to abortion. The report examined 32 measures of women's health, including access to care and mental health services, and focused on data from 2021 and 2022. The US has higher rates of both infant and maternal mortality compared to other countries, and these disparities may worsen as access to maternal care becomes more limited. The report also highlighted staffing shortages and the closure of labor and delivery services in rural areas as contributing factors to the lack of care. The extension of postpartum health coverage under Medicaid and the use of telehealth and nurse-midwife programs were suggested as potential solutions to address the maternal health care gap. [Extracted from the article]

Donald Trump has chosen JD Vance as his running mate for the Republican presidential ticket. Vance, a venture capitalist-turned-senator, gained national attention for his embrace of populist politics. At 39 years old, Vance represents a potential generational shift for the party and offers a fresh voice to Republican efforts to appeal to white working-class voters. Trump's selection of Vance comes after a failed assassination attempt at a campaign rally, highlighting the importance of the vice president's role. Vance's selection bypassed other Republican colleagues and aligns with Trump's protectionist trade policies. Democrats have criticized Vance, questioning his populist credentials and claiming that he would harm middle-class American families. [Extracted from the article]

Donald Trump has chosen JD Vance as his running mate for the Republican presidential ticket. Vance, a venture capitalist-turned-senator, gained national attention for his embrace of populist politics. At 39 years old, Vance represents a potential generational shift for the party and could help Republicans appeal to white working-class voters. However, his selection has drawn criticism from Democrats, who argue that Vance's economic policies would harm middle-class families. [Extracted from the article]

Donald Trump has chosen JD Vance as his running mate for the Republican presidential ticket. Vance, a venture capitalist-turned-senator, gained national attention for his embrace of populist politics. At 39 years old, Vance represents a potential generational shift for the party and could help Republicans appeal to working-class voters. The announcement comes after a failed assassination attempt at a campaign rally, highlighting the importance of the vice president's role. Vance's selection shows Trump's influence over his father and the potential role of Trump's children in a future administration. [Extracted from the article]

Vertex Pharmaceuticals Inc. has filed a lawsuit against the US government in order to gain permission to pay for fertility treatments for individuals who receive the company's gene therapy. The therapy, called Casgevy, is used to treat sickle cell disease and beta thalassemia, but the high-dose chemotherapy required can render patients infertile. Vertex wants to cover the cost of additional treatments to protect patients' reproductive ability, but the US government views this as an illegal inducement. The lawsuit aims to overturn the government's position and allow patients on government health programs to receive the necessary fertility treatments. [Extracted from the article]

Donald Trump has chosen JD Vance as his running mate for the Republican presidential ticket. Vance, a venture capitalist-turned-senator, gained national attention for his embrace of populist politics. At 39 years old, Vance represents a potential generational shift for the party and could help Republicans appeal to working-class voters. The announcement comes after a failed assassination attempt on Trump, highlighting the importance of the vice president's role. Vance's selection bypassed other Republican colleagues and is seen as a move to rally Trump's supporters and boost his presidential bid. [Extracted from the article]

Vertex Pharmaceuticals Inc. has filed a lawsuit against the US government seeking permission to pay for fertility treatments for patients who receive their gene therapy. The therapy, called Casgevy, requires high-dose chemotherapy which can render patients infertile. Vertex wants to cover the cost of additional treatments to protect patients' reproductive ability, but the US government views this as an illegal inducement. The risk of infertility is a major concern for patients considering gene therapies, and finding ways to mitigate side effects without increasing costs is a challenge for companies in the field. If Vertex succeeds in court, it could also benefit its competitor, Bluebird Bio Inc., which offers a similar gene therapy for sickle cell disease. [Extracted from the article]

A heat wave is currently affecting large parts of the US and Canada, posing risks to human health and infrastructure. Heat-related illnesses and deaths have been on the rise due to climate change, and certain groups, such as the elderly, homeless, and those with chronic health conditions, are particularly vulnerable. To stay safe during a heat wave, it is important to know your risk profile, use air conditioning when possible, limit outdoor time, dress appropriately, stay hydrated, recognize the signs of heat illness, and check on vulnerable individuals. [Extracted from the article]

Michigan's largest health insurer, Blue Cross Blue Shield of Michigan, will no longer cover weight-loss drugs from Novo Nordisk and Eli Lilly in many of its plans starting in January. This decision will impact nearly 10,000 people who are currently on these medications. The insurer cited concerns about the drugs' effectiveness, safety, and cost as reasons for dropping coverage. While GLP-1 obesity drugs are growing in popularity, their high cost has led insurers to limit their coverage. Medicaid plans in some states cover these drugs, but even that has been controversial. Blue Cross Blue Shield of Michigan is also implementing new restrictions to limit the use of these drugs in its large group plans. Novo Nordisk expressed disappointment in the decision, while Lilly argued that denying coverage for obesity medications can have negative health consequences. [Extracted from the article]

Michigan's largest health insurer, Blue Cross Blue Shield of Michigan, will no longer cover weight-loss drugs from Novo Nordisk and Eli Lilly in many of its plans starting in January. This decision will impact nearly 10,000 people who are currently on these medications. The insurer cited concerns about the drugs' effectiveness, safety, and cost as reasons for dropping coverage. While GLP-1 obesity drugs are growing in popularity, their high cost has led insurers to limit their coverage. Medicaid plans in some states cover these drugs, but even that has been controversial. Blue Cross Blue Shield of Michigan is also implementing new restrictions to limit the use of these drugs in its large group plans. Novo Nordisk expressed disappointment in the insurer's decision, as it goes against the trend of expanding coverage for these medications. [Extracted from the article]

Michigan's largest health insurer, Blue Cross Blue Shield of Michigan, will no longer cover weight-loss drugs from Novo Nordisk and Eli Lilly in many of its plans starting in January. The decision was made based on considerations of efficacy, safety, access, and cost. The popularity of GLP-1 obesity drugs has been increasing, but their high cost has led insurers to limit coverage. While some Medicaid plans and the US Medicare program do not cover these drugs for obesity, they are covered for diabetes. The decision by Blue Cross Blue Shield of Michigan has disappointed Novo Nordisk, as they believe coverage for these drugs should be expanded. [Extracted from the article]

Michigan's largest health insurer, Blue Cross Blue Shield of Michigan, will no longer cover weight-loss drugs from Novo Nordisk A/S and Eli Lilly & Co. in many of its plans. The decision is based on considerations of efficacy, safety, access, and cost. The popularity of GLP-1 obesity drugs like Novo's Wegovy and Lilly's Zepbound has been increasing, but their high prices have led insurers to limit their coverage. While some Medicaid plans cover these drugs, there has been controversy surrounding their inclusion. The article does not provide specific information on the number of affected patients or safety concerns. [Extracted from the article]

New York City has experienced a job boom since Mayor Eric Adams took office in 2022, with the city regaining all the jobs lost during the pandemic. However, the majority of the jobs added in the past year have been in the low-paying field of home health care, which is primarily funded through publicly funded health programs like Medicaid. Without the growth in home health care, the city's private-sector jobs would have actually contracted. The increase in home health care jobs is attributed to a state policy change in 2015 that loosened eligibility rules for Medicaid benefits. While some argue that the program provides paid work for caregivers who would be doing the work anyway, others are concerned about the strain on the state's finances and the potential for fraud. The growth in home health care jobs has also highlighted the challenges that other sectors of the city's economy still face in recovering from the pandemic. [Extracted from the article]

Chilean President Gabriel Boric is facing challenges in fulfilling his campaign promise to forgive $12 billion in student loans. Boric plans to introduce a proposal on college debt in September, but officials have shifted their wording from "forgiveness" to "solution." Supporters argue that salaries in Chile are too low to repay college debts, while opponents believe forgiveness benefits those who are already privileged. Boric's situation is similar to US President Joe Biden's student debt relief plans, which were struck down by the Supreme Court. The government has been vague on details of the proposal, but Finance Minister Mario Marcel assures that it will be fair and responsible. Boric's identity as a progressive politician who led protests for affordable education adds to the struggle, as he has faced challenges in turning promises into reality due to a lack of support in congress. The ruling coalition is divided on the loan forgiveness issue, with concerns about supporting debtors and uncertainty about financing. The main student loan program in Chile, known as the Credit with State Endorsement (CAE), has faced design problems and has outstanding loans of $11.9 billion. Boric's promise could impact around 896,000 people in repayment and 540,000 in default. The program has mainly benefited students in private universities, institutes, and training centers, with a higher proportion of beneficiaries belonging to the richest quintile. However, those who are late on payments tend to earn less, and the average debt per person is $7,300. [Extracted from the article]

UnitedHealth Group Inc. faced criticism from Utah state health officials for claiming that it had repaired systems following a cyberattack when the officials were still experiencing problems. The cyberattack, which occurred on UnitedHealth's subsidiary Change Healthcare, disrupted the movement of patient data and billions of dollars among doctors, pharmacies, and insurance companies. Medicaid officials felt that UnitedHealth's communications about the restoration of systems were overly optimistic. While UnitedHealth stated that the crisis was largely over, some doctors are still facing the after-effects of the attack, and federal officials are monitoring the situation closely. [Extracted from the article]

Nigeria's inflation rate has increased for the 16th consecutive month in April due to higher electricity tariffs and transport costs. This raises the possibility of another interest rate hike by the central bank's monetary policy committee. The annual inflation rate rose slightly to 33.7%, lower than economists' estimates. Core inflation and food price growth also increased. The high inflation rate and expectations of further increases may lead to a hike in borrowing costs. The central bank has already raised interest rates to a record high to control inflation and strengthen the naira. [Extracted from the article]

Nigeria's inflation rate has increased for the 16th consecutive month in April due to higher electricity tariffs and transport costs. This raises the possibility of another interest rate hike by the central bank's monetary policy committee. The inflation rate reached 33.7%, lower than expected, with core inflation at 26.8% and food price growth at 40.5%. The high inflation rate and expectations of further increases may lead to a hike in borrowing costs. The central bank governor has stated that interest rates will remain high to control inflation. [Extracted from the article]

The IRS has launched a pilot program in 12 states that allows eligible taxpayers to file their taxes directly through the IRS website for free. This program aims to simplify the tax-filing process and reduce reliance on private tax-filing services like TurboTax. The article explores the rise of TurboTax and the complexity of the US tax-filing system, as well as the government's decision to partner with private tax filing companies. The success of the pilot program will be measured based on user satisfaction and the number of people who use the direct file option. Critics of the program include Republicans and tax preparation companies, who are concerned about the cost and the IRS's reputation. TurboTax acknowledges the potential long-term risk to their business but downplays the immediate impact of the program. [Extracted from the article]

According to an analysis by the Federal Reserve Bank of St. Louis, the two groups with the least wealth in the US are Black and Hispanic women who have never been married. The study focused on adults who have never been married, excluding those who are divorced or widowed. Among this group, Black women had just 8 cents for every dollar in median wealth owned by White men in 2022, amounting to $3,300 in wealth. Never-married mothers with minor children also had very low levels of wealth, with a median of $3,900. The research also revealed racial disparities, with never-married White women having a median wealth of $31,000, almost ten times that of their Black counterparts. The study emphasizes the long-term consequences of not being able to accumulate wealth, even with equal wages, including challenges in achieving financial security in retirement. [Extracted from the article]

Adrian Rocca, the founder of Fitzrovia, is aiming to change the perception of renting in Canada by building high-end apartment buildings with luxurious amenities. With home prices and borrowing costs becoming unaffordable for many, renting is no longer seen as a temporary solution or only for lower-income individuals. Rocca's company has the most rental units under development in Canada and is partnering with institutional investors, including pension funds, to finance new buildings. While Rocca's luxury developments may not address the housing crunch for low-income individuals, experts believe that increasing supply at the top end of the market can create vacancies in older, cheaper rentals. Rocca also plans to raise funds for low-income housing in the future. [Extracted from the article]

Canada's upcoming budget will focus on housing, with Finance Minister Chrystia Freeland aiming to speed up construction and increase the supply of affordable homes. The budget may include measures such as building homes on government-owned property, offering long-term leases to developers of affordable housing projects, and providing tax incentives to encourage real estate investors to sell buildings to non-profit housing organizations. The government is under pressure to address housing concerns, particularly among younger Canadians, ahead of the 2025 election. The budget may also address challenges faced by young homebuyers, potentially by easing mortgage rules. [Extracted from the article]

Baltimore is implementing a program to sell vacant homes for $1 each in an effort to revitalize neighborhoods affected by crime and disrepair. The program, supported by Mayor Brandon Scott, will offer over 200 city-owned properties to residents who commit to repairing and living in them. The initiative aims to prioritize individual buyers over developers, who will have to pay $3,000 per home. Home repair grants of $50,000 are available, but recipients must be pre-approved for a construction loan. While the program targets a few hundred homes, there are approximately 15,000 abandoned properties in Baltimore, and more may be included in the future. [Extracted from the article]

The Adani Group is building a $2.1 billion airport in Navi Mumbai, India, which is seen as a test of the group's ability to put India on the global aviation map. The airport, designed with a lotus-shaped structure, is expected to start operations in March next year and have a capacity for 20 million passengers annually, with the potential to increase to 90 million by 2032. The project is part of India's larger infrastructure overhaul as it seeks to become a developed nation by 2047. However, the airport will face competition from established international transit hubs and will need to address challenges such as short layovers and passenger flow. The success of the airport is crucial for Mumbai's overall revamp, and plans are in place to create an "aero city" around the new airport to boost non-aviation revenue sources. [Extracted from the article]

The Adani Group is building a $2.1 billion airport in Navi Mumbai, India, which is seen as a test of the group's ability to put India on the global aviation map. The airport, with a capacity for 20 million passengers a year, is expected to start operations in March next year and could eventually handle up to 90 million passengers by 2032. The project is part of a larger infrastructure overhaul in India as Prime Minister Narendra Modi aims to outrun China. However, the airport will face stiff competition from established international transit hubs like Dubai, London, Frankfurt, and Singapore. [Extracted from the article]

The Adani Group is building a $2.1 billion airport in Navi Mumbai, India, as part of the country's infrastructure overhaul. The airport, designed with a lotus-shaped structure, is expected to start operations in March next year and have a capacity for 20 million passengers annually, with the potential to increase to 90 million by 2032. The Adani Group aims to make the Navi Mumbai airport an international transit hub, competing with major airports like Dubai, London, Frankfurt, and Singapore. The success of the airport is crucial to Prime Minister Narendra Modi's vision of India becoming a developed nation by 2047. [Extracted from the article]

Nigeria is currently experiencing a severe cost-of-living crisis, with prices for essential food items doubling in a matter of months. President Bola Tinubu's aggressive reforms, including the removal of fuel subsidies and easing of foreign-exchange controls, have led to high inflation and a 70% devaluation of the naira. As a result, millions of Nigerians are facing extreme poverty and food insecurity. The government is implementing measures such as raising interest rates and distributing grains to address the crisis, but relief is urgently needed. The situation has led to protests, looting of food warehouses, and attacks on trucks transporting food. The crisis is affecting both the poor and affluent Nigerians, with surging prices making it difficult to keep up. Analysts predict that inflation will continue to rise, exacerbating the situation further. [Extracted from the article]

India has denied accusations that it is blocking progress at a World Trade Organization (WTO) meeting, stating that it seeks fairness in a global economy that has historically favored wealthier nations. Trade Minister Piyush Goyal emphasized that India has not raised any contentious issues or stalled any processes, and is committed to its international obligations. India's top priority at the WTO is to restore the appellate body, which has been non-functional since 2019 due to the US blocking new appointees. The country's positions on various issues, including fisheries and e-commerce, are being closely watched as the WTO aims to reach agreements. India's government argues for relaxing subsidy rules to address domestic food-security needs, which is important for farmers ahead of upcoming elections. [Extracted from the article]

Brazil's economy experienced unexpected growth in 2023 under President Luiz Inacio Lula da Silva, with the stock market reaching record highs and inflation slowing. However, the sustainability of Lula's economic strategy, known as Lulanomics, is being questioned as the economy slows, fiscal constraints loom, and a challenging mid-term election approaches. Lula aims to expand social programs while balancing the budget, but experts believe that compromises will need to be made. Lula's commitment to using state power to stimulate the economy and help the poor remains strong, but he faces political and economic headwinds in his second term. [Extracted from the article]

Venezuela is attempting to collect old debts from the Petrocaribe program, which allowed countries to finance their oil bills with Venezuela at low interest rates. Last month, Haiti made a $500 million payment to cancel part of its $2.3 billion debt, with the help of a license from the US Treasury. Venezuela, under current leader Nicolas Maduro, is seeking to regain international recognition and address its economic collapse and isolation. The country is also working on debt repayment deals with other nations, such as Belize and Grenada. However, Venezuela's oil production has significantly decreased, and a portion of its current production is allocated to paying off its own debts. [Extracted from the article]

Bank of England Governor Andrew Bailey has stated that regulatory reforms implemented since the 2008 financial crisis are not responsible for the low valuations of UK commercial banks. Bailey believes that further reforms are necessary to protect banks from runs like the one experienced by Silicon Valley Bank UK last year. He also dismissed concerns about the UK falling into recession, stating that any downturn would be shallow. Bailey emphasized the need for UK lenders to hold large liquid assets for financial stability reasons, and acknowledged that investors do not seem to value the sector's newfound stability. [Extracted from the article]

A University of Michigan survey found that approximately 40% of US student-loan borrowers who had to resume payments last year responded by cutting spending on other things. The resumption of payments in October affected about 15% of all US consumers. Of that group, 40% said they mostly adapted by spending less, 30% saved less, and 20% borrowed more. The study suggests that only a small share of US households reduced their expenses to cope with student debt payments, which may have contributed to the strong economic growth in the fourth quarter of last year. However, the survey also indicates that financially vulnerable borrowers have turned to additional credit to maintain their spending, potentially leading to an increase in consumer-credit delinquencies. The director of the survey believes that any increase in financial systemic risk is unlikely to be substantial. [Extracted from the article]

US household utility debt has reached a record high due to the increasing costs of heating and cooling. According to the National Energy Assistance Directors Association, more than one out of every six ratepayers are behind on their energy bills. The residential utility debt in the country has risen by $2.5 billion to $20.3 billion in the past year. The report highlights that household heating costs have increased by up to 20% since the start of the Covid-19 pandemic. The lack of additional federal funding for low-income utility assistance programs could further impact the number of families that can receive support. Low-income residents in New York and Michigan are expected to be the most affected. [Extracted from the article]

Brazil's development bank, BNDES, is considering providing loans to troubled airlines in an effort to alleviate financial pressures and soaring fares. The bank is exploring options to help the airlines secure sufficient collateral, including turning a public aviation fund into a guarantee fund for the loans. Leftist President Luiz Inacio Lula da Silva has instructed his cabinet to find solutions to lower prices and increase accessibility to air travel. The government is also launching a program called Voa Brasil, which will offer discounted tickets to students and retired workers. Rising jet fuel prices, production delays, and currency volatility have contributed to airlines' financial challenges. [Extracted from the article]

Thailand's Prime Minister, Srettha Thavisin, plans to meet with the Governor of the Bank of Thailand, Sethaput Suthiwartnarueput, to discuss various issues, including a proposed digital wallet program and the risk of corporate bond defaults. The Prime Minister has called for the central bank to consider lowering interest rates due to negative inflation readings and the negative impact of high interest rates on the economy, particularly for small businesses and low-income groups. The government intends to proceed with the digital cash handout program, despite reservations from the central bank governor and concerns about widening the fiscal deficit and stoking inflation. The Prime Minister aims to accelerate annual growth in Thailand to 5% during his term. [Extracted from the article]

The article discusses the issue of food insecurity in Greenwich, Connecticut, a wealthy town known for its hedge funds and affluent residents. Despite its reputation for wealth, there are thousands of people in Greenwich who struggle to afford food due to rising rents and inflation. Nationwide, food insecurity has increased, with about 28 million adults experiencing food insecurity in the past week. The Neighbor to Neighbor food pantry in Greenwich provides assistance to about 600 households each week, but donations have decreased while the cost of living has risen. The article highlights the challenges faced by low-income residents in expensive areas like Greenwich, where earning more money can result in losing benefits. [Extracted from the article]

Myanmar is facing economic stagnation due to increasing armed conflict, which is disrupting trade and causing inflation, according to a report by the World Bank. The country's gross domestic product (GDP) growth is expected to weaken to 1% in the fiscal year ending in March, compared to the previous rate of 4%. The conflict between ethnic groups and the military, which took control of the country in a coup in 2021, has intensified since October, resulting in the displacement of half a million people. This has also led to disruptions in trade with key partners such as Thailand and India. The World Bank warns that the economic situation has deteriorated and uncertainty about the future is increasing, with high food price inflation severely impacting poor people in the country. [Extracted from the article]

(Bloomberg) -- Britain's cash-strapped mortgage holders are missing payments and having their debit cards rejected as high interest rates squeeze finances. Pepper Advantage's portfolio - which includes borrowers under forbearance arrangements with lenders - saw the rate of fixed mortgages in arrears grow 54% year-on-year in the third quarter, albeit from a low base. Still, Pepper Advantage, which is more exposed to Britons under financial strain, reported arrears rates of as high as 11% in poorer regions in the northeast and Yorkshire between July and September, while southern regions had rates of about 5%. [Extracted from the article]

(Bloomberg) -- Centene Corp. raised its full-year profit outlook after lower-than-expected medical costs helped the health insurer's third-quarter results handily beat Wall Street expectations. Costs of care in the quarter came to about 87% of Centene's premium revenue, a more favorable ratio than the 87.8% expected by analysts. [Extracted from the article]

Read More: Massa Gains Upper Hand on Milei as Argentina Heads to Runoff The election exposed Argentina's never-ending dilemma: people want change but can't bear to take the cold plunge. (Bloomberg) -- Javier Milei truly believed he would celebrate turning 53 by winning Argentina's presidency in the first round. [Extracted from the article]

HUD's work for the Federal Housing Administration's insured mortgages portfolio and Ginnie Mae's work in the secondary mortgage market would be unaffected. (Bloomberg) -- Longer lines at airports, missed paychecks, shuttered national parks and delayed economic data - those are some of the potential impacts of a looming federal government shutdown. Read more: The Shutdown Seven: Here Are Lawmakers to Watch in Negotiations National Park Closures in Shutdown Could Ignite Partisan Feuding Your Questions Answered on US Government Shutdown: QuickTake Republican Disarray Sends US Veering Toward Government Shutdown Government Shutdown Poses "Seismic" Threat to Pollution Controls US Government Shutdown Would Hobble SEC Oversight, Gensler Says Transportation & Travel Travelers could face delays as air traffic controllers and Transportation Security Administration officers working without pay could lead to higher rates of no-shows, as happened in 2019. [Extracted from the article]

(Bloomberg) -- Longer lines at airports, missed paychecks, shuttered national parks and delayed economic data - those are some of the potential impacts of a looming federal government shutdown. Here are some highlights: Labor Economic indicators, like the Bureau of Labor Statistics's monthly jobs report, could be delayed as in past shutdowns. Many federal employees are likely to be furloughed, but some will be deemed "essential" and work without pay until the shutdown ends. [Extracted from the article]

HUD's work for the Federal Housing Administration's insured mortgages portfolio and Ginnie Mae's work in the secondary mortgage market would be unaffected. (Bloomberg) -- Longer lines at airports, missed paychecks, shuttered national parks and delayed economic data - those are some of the potential impacts of a looming federal government shutdown. Here are some highlights: Labor Economic indicators, like the Bureau of Labor Statistics' monthly jobs report, could be delayed as in past shutdowns. [Extracted from the article]

Beverly Hills City Attorney Laurence Wiener said the city would appeal the court's decision. (Bloomberg) -- Beverly Hills, a city known for luxurious mansions, must come up with a new plan to comply with a California law that requires it to offer housing for moderate- and low-income residents, a judge ruled. [Extracted from the article]

In opposing the lawsuit, the city argued that it was entitled to broad discretion in crafting its housing plan, despite recent changes to state law that aimed to limit that discretion, according to the Realtors association. (Bloomberg) -- Beverly Hills, a city known for luxurious mansions, must come up with a new plan to comply with a California law that requires it to offer housing for moderate- and low-income residents, a judge ruled. [Extracted from the article]

The free grains program has in part helped Modi and his Bharatiya Janata Party to stay ahead of the opposition in the South Asian country, which accounts for nearly 30% of the world's low-income population. Indian officials are proposing to extend a free grains program well into next year's national election season, according to people familiar with the matter, a move likely to support Prime Minister Narendra Modi's reelection bid for a third term. [Extracted from the article]

The free grains program has in part helped Modi and his Bharatiya Janata Party to stay ahead of the opposition in the South Asian country, which accounts for nearly 30% of the world's low-income population. (Bloomberg) -- Coming soon: Sign up for the India Edition newsletter by Menaka Doshi - an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly. [Extracted from the article]

In 2014, Metropolitan College sold bonds to help build its Manhattan campus, which opened in 2016. The campus is close to the World Trade Center and is "underutilized" after enrollment dropped, the college told bondholders earlier this month. [Extracted from the article]