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US Immigrants Must Have Healthcare Insurance Upon Entering the States

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President of the United States on Friday signed a proclamation ensuring the suspension of all immigrants who do not have a health insurance cover within 30 days of entering US or are not in a position to cover for their own healthcare expenses. The issued proclamation takes effect on November 3 and will have absolutely no effect on anyone’s eligibility for asylum or refugee status.

The cutting of legal and illegal immigration has been Trump’s centerpiece of his presidency. This proclamation seems to cite the very same provision of law which he had used in the year 2017, the travel ban, to block people from accessing the country. Later he had placed a ban on asylum seekers who had crossed into the country without authorization.

Last month, the Trump administration made plans to only allow 18,000 refugees to have settlement in the states in the 2020 fiscal year, which would rate as the lowest number in the history of the modern refugee program. Trump has since clarified that the suspension was only for the people who were trying to enter the United States using an immigrant visa. The document further highlighted the specific types of insurance which were considered approved. These included employer-sponsored plans and a Medicare program for the elderly. However, for individuals who are over the age of 18 years, the Medicaid program for the poor is not in any way approved.

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Aviation

CEO Dennis Muilenburg Stripped Off Boeing’s Chairman Title as Company Separates Roles

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Boeing’s Board has removed CEO Dennis Muilenburg’s title as chairman in an unexpected strategy shift as announced by the U.S. plane maker on Friday.

The latest step which the board has taken in recent weeks to improve executive oversight of its engineering ranks and industrial operations was separating the roles which would pave way for Muilenburg to have ‘maximum focus’ on steering Boeing’s daily operations.

In an announcement on Friday afternoon, Boeing said that lead Director David Calhoun, a senior managing director at Blackstone Group, will take over as non-executive chairman. The announcement expressed the Board’s confidence in Muilenburg, who would remain on the board and retain the top job.

“The board has full confidence in Dennis as CEO and believes this division of labor will enable maximum focus on running the business with the board playing an active oversight role,” Calhoun said in the statement.

This decision was brought forth as company has been striving to put its best selling 737 MAX back in service after the safety ban which had been issued worldwide in March after two crashes which left 346 people dead in Indonesia and Ethiopia. The decision has also been partly brought forth after Muilenburg survived a split in his roles as CEO and chairman, a motion which had been put forth by shareholders six months ago. This is part of the very intense pressure he has felt in the four years which he has been working at the helm of the world’s largest plane maker.

Boeing and U.S. regulators were criticized over certification of the plane earlier on Friday by an international aviation panel. It was revealed by an internal review that the company was looking to re-organize its engineering reporting lines company-wide and ensure higher ranking officials and also achieves the increase at which the reception of feedback concerning safety issues from the lower levels of the company. Weekly reports of potential safety issues discussed in meetings of rank and file engineers were taken to Muilenburg as part of the move too.

Muilenburg is required to testify before U.S. House panel on 30th October and questions have been raised by lawmakers about 737 MAX certification. More than 100 lawsuits are also being held against the company concerning the crashes alleging flaws in the design.

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Aviation

38 Cracks Reported in Global Inspection of Boeing 737 Ng Jets

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Boeing Co said on Thursday that it had inspected 810 jets out of which 38 reported structural cracks requiring repairs and replacement of the parts affected.

The inspection discovered that nearly 5% of the damages are cracks in a part which attaches the plane’s fuselage or body, to the wing structure and manages forces. This device is otherwise referred to as pickle fork.

“Boeing is actively working with customers that have airplanes in their fleets with inspection findings to develop a repair plan, and to provide parts and technical support as necessary,” Boeing said in a statement. “We are working around the clock to provide the support needed to return all airplanes to service as soon as possible.”

The NG plane is a version of the popular 737 that has been produced since the 1990s – third generation 737 and version before the currently grounded 737 MAX, which is in no way impacted by the cracking issue.

While both the company and FAA declined to provide details of the airlines that have been affected, Southwest Airlines Co and the Brazil’s Gol Linhas Aereas has already grounded at the very least 13 737NG planes by Wednesday after urgent inspections were ordered by the U.S regulators.

Last week, the U.S Federal Aviation Administration (FAA) instructed the U.S aircraft operators to carry out inspection of 165 older versions of the 737NG for structural related cracks.

Earlier this week, the American and United Airlines said that they had not spotted any cracks on their aircraft. The FAA had reported that the main aim for the inspection of the aircraft was to look for cracks on the left and right hand side of the outboard chords or frame fittings on fail-safe straps. It was further explained the severity which these cracks would cause by explaining that these cracks could result in the loss of craft control.

Under the FAA directive, Aircrafts which had to be inspected within 7 days are those that have completed more than 30,000 flight cycles whilst those which have between 22,600 and 29,999 cycles are required to be inspected within 1000 cycles. To sum it all up, 1,911 U.S. 737NGs will be covered.

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Finance

Gold Value Inches Up As People Await The Closing Of The China-U.S Negotiation

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Thursday recorded a tentatively higher edging of gold, ahead of the talk between U.S and China which had been set to gown in the midst of the day amid mixed signals over the prospects of the negotiations. As of 1204 GMT, spot gold was up to 0.1% at $1,506.96 per ounce, having hit a one-week peak of $1,516.77 in the session earlier.

U.S. gold was as low as 0.1% at $1,512.10. The senior vice president at precious metals trader MKS SA, Afshin Nabavi said there was an extremely nervous state in the gold market and everybody was really positive towards the price of gold, but at the same time everyone was looking for some kind of assurance or confirmation on the trade talks.

Recently presented data has shown an incredibly great weakening in global growth in the market as it has also been kept on edge by the ongoing negotiations between the United States and China. A recent report by the South China Morning Post indicated that the Chinese delegation was to exit Washington a day earlier than expected just after a minister-level meeting.

There are, however, reports which put forth the suggestion that the U.S government is possibly considering to lift the restrictions on Chinese technology giant Huawei. If by the 15th of December more negotiations will have broken out, nearly all goods which are imported from China, which are more than $500 billion worth, could be subjected to punitive tariffs.

As a result of this year’s low yield of gold of about $1,265.85 worth, mainly on the back of trade tensions and gloomy economic growth outlook, gold prices have risen by about 20%. Investors often use gold as a hedge against uncertainty in the political and financial domain.

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