Obamacare

♦ Gillian Tett speaks to Alan Greenspan and finds he is prepared to admit that he got it wrong – at least in part.
♦ The White House glitches have gone further than Obamacare, as the administration has been continuously caught off guard by recent crises from Syria to spying, says Edward Luce. And the president gives few signs of having found a learning curve.
♦ France’s central bank governor, Christian Noyer, says Europe’s financial transaction tax poses an “enormous risk” to the countries involved.
♦ Spain’s mini gold rush in the country’s north is part of a broader movement by foreign investors seeking to turn Spain’s woes to their advantage. It also shows some of the difficulties of investing despite a more positive outlook.
♦ Ikea has sent self-assembly huts to Ethiopia to house Somali refugees – and they could soon be used as alternatives to tents elsewhere.
♦ Josef Joffe, editor of Die Zeit, looks at the history of top-down capitalism and wonders whether China can sustain its astounding growth.
♦ The art world may be marvelling at China’s booming market, but many transactions have not actually been completed and the market is flooded with forgeriesRead more >>

Gideon Rachman

Ted Cruz (Getty)

There is an old joke that the foreigners should be allowed to vote in US presidential elections because the result matters so profoundly to the rest of the world. Worried global investors might now extend that idea to Congressional elections as well – as the US government shutdown shakes global markets, with the promise of far worse to come if Congress refuses to raise the debt ceiling in a couple of weeks time, and the American government defaults on its debts as a result.

For much of the rest of the world, America’s actions seem bafflingly illogical and self-harming. The reality, however, is that the Republican congressmen who have pushed this over the brink are not (by and large), crazy. It is just that their political incentives are now stacked towards confrontation with President Obama.  Read more >>

Gideon Rachman

How are poor people helped by an “individual mandate” that forces them to spend money they don’t have on health insurance, asks Gideon Rachman. Read more >>

After a tense wait, the US Supreme Court on Thursday upheld the core components of the Affordable Care Act, a victory for the president. Many had expected the fate of the law to lie in the hands of Anthony Kennedy, but it was in fact the Chief Justice John Roberts who made the decisive vote.

This graphic explains how each judge voted and previous landmark judgments that the court has made. Read more >>

We’ll be keeping an eye out for the US Supreme Court decision on Obamacare today, but these are the reads that caught our eye on the world news desk this morning:

Image by Getty

The US Supreme Court is expected to rule this Thursday on whether or not the Patient Protection and Affordable Care Act – rechristened “Obamacare” by its detractors – is constitutional.

Find out more about Obamacare, the justices making the decision and the nitty-gritty elements of this ruling with these articles: Read more >>