July 11, 2015

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Serena Williams Wins 21st Grand Slam Title At Wimbledon

Serena Williams wins the singles match against Garbine Muguruza of Spain after the women's singles final at the All England Lawn Tennis Championships in Wimbledon, London, on Saturday. Williams won 6-4, 6-4.

Serena Williams wins the singles match against Garbine Muguruza of Spain after the women’s singles final at the All England Lawn Tennis Championships in Wimbledon, London, on Saturday. Williams won 6-4, 6-4. Kirsty Wigglesworth/AP hide caption

itoggle caption Kirsty Wigglesworth/AP

Updated at 12:20 p.m. ET

Serena Williams won her 21st Grand Slam title in a Wimbledon final against a much younger opponent, 21-year-old Garbine Muguruza of Spain.

WATCH Hear from the 2015 champion @serenawilliams #Wimbledon http://t.co/e4pwNVXnHn

— Wimbledon (@Wimbledon) July 11, 2015

For Williams, 33, it was her fourth Grand Slam championship in a row and her 25th career Grand Slam title match. It was Muguruza’s first. Williams beat Muguruza 6-4, 6-4.

NPR’s Tom Goldman says Muguruza looked like she might be able to pull off an upset, leading 4-2 in the first set. But “Williams found another gear,” winning the set 6-4. And took a 5-1 lead in the second before winning that set, too.

The Associated Press writes: “It’s the second time in her career that Williams holds all four Grand Slam titles at once. If she wins the U.S. Open, she will become the first player to sweep all four majors in the same season since Steffi Graf in 1988.”

Sports Illustrated reports:

“Williams has already won both the Australian Open and the French Open this year, and has won three straight Grand Slam tournaments dating back to last year’s U.S. Open. She defeated Maria Sharapova in the 2015 Wimbledon semifinals, while Muguruza beat Agnieszka Radwanska.

“Last year’s Wimbledon women’s final was won by Petra Kvitova, who defeated Eugenie Bouchard in two sets. Williams was eliminated in that tournament in the third round by Alize Cornet, while Muguruza? lost in the first round to Coco Vandeweghe.”

ESPN writes:

“Muguruza … shocked Williams in the second round of last year’s French Open.

“It was Williams’ most lopsided loss at a major and she finished with 29 unforced errors and only eight winners, a complete flip of how she looked against Sharapova with 29 winners to 15 errors.”

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Stocks Manage To Bounce, But Commodity Prices Are Swooning

The freighter American Mariner discharges its load of iron ore in Cleveland last November. Prices for iron ore and other commodities have plunged amid economic uncertainty in China and Europe.

The freighter American Mariner discharges its load of iron ore in Cleveland last November. Prices for iron ore and other commodities have plunged amid economic uncertainty in China and Europe. Mark Duncan/AP hide caption

itoggle caption Mark Duncan/AP

After a nerve-rattling plunge, stocks in Asia, Europe and the United States managed to end the week ahead of where they started.

But not so for industrial commodities. Their prices just keep heading south — creating more worries for miners, but good news for many manufacturers and consumers. The price drops could even help depress interest rates for all sorts of borrowers.

Before considering the impacts, first check out the magnitude of the changes. These are approximate prices, compared with one year ago:

  • Copper: $2.55 a pound, down from $3.27
  • WTI crude oil: $53 a barrel, down from $103
  • Silver: $15 a troy ounce, down from $21.50
  • Aluminum: $1,700 a ton, down from $1,941

Iron-ore prices have been especially hard hit, falling to just $44.10 a ton a few days ago. In early 2011, the price was nearly $200. By week’s end, prices had nudged back up to roughly $49, but they remain far below peaks.

These price collapses can help manufacturers who must purchase raw materials to make finished goods.

Here’s one example: Back in June 2008, aluminum hit a high of about $3,100 a ton. Today, the price is down to almost half that. So if you are making fuselages at a Boeing plant, this cheaper aluminum may help your employer earn bigger profits — and that might make your job more secure.

For steelmakers, cheaper iron ore means lower production costs; for lighting fixture manufacturers, cheaper copper can mean higher profits, and so on. Or the savings can be passed along to consumers.

That pass-through certainly has happened with oil. AAA, the auto club, says that thanks to the dramatic drop in crude oil prices, drivers are paying an average of about $2.75 a gallon for gasoline, compared with $3.64 one year ago.

And a new forecast from the International Energy Agency says oil prices will most likely fall further because the world is “massively oversupplied” with crude oil.

But for the companies that mine or pump these raw materials, the price drops have been brutal. For example, thousands of U.S. workers in northern Minnesota have lost jobs as iron ore mining operations have scaled back. Arizona’s copper miners have been hit with layoffs, and oil patch workers in many states have been sent to unemployment lines.

What’s the cause of the commodity price drops?

Analysts attribute most of the change to China, which just isn’t building infrastructure, skyscrapers and apartments the way it had been a few years ago. The economic slowdown in China means less global demand for steel, copper and other materials used in construction.

Metal Bulletin’s report on iron ore on Tuesday, a particularly bad day for prices, said: “Markets for the whole ferrous complex were in free-fall. … The recent crash in China’s stock market further aggravated fears of economic decline in the country.”

But it’s more than China. Europe too has been struggling to grow, and now its prospects are being clouded by the Greek debt crisis. The IEA report said crude oil is being depressed by the “financial turmoil in Greece and China.”

While raw material prices don’t necessarily get passed along directly to consumers, they do factor into the overall inflation picture. And these days, inflation remains extremely low worldwide, with the Organization for Economic Cooperation and Development pegging the annual consumer inflation rate at 0.6 percent.

On Thursday, while speaking with reporters in Chicago, Federal Reserve Bank of Chicago President Charles Evans said the Fed probably should delay an interest-rate increase until mid-2016 because inflation is still so low and the risks abroad are so great.

“There is a worldwide low inflation issue that no one right now is able to address with their monetary policies,” he said.

In other words, the drop in commodity prices could mean a cheaper car loan for you later this year. In a world where we’re all connected, everything else is connected, too.

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Radiator business built for the long haul

BILLINGS, Mont. — Finn Origer was getting out of hamburgers. After supplying ingredients to Hardee’s restaurants for decades, he was ready for a new venture, though not a particular kind. In Origer’s years in business…


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In Florida, A Former Fast-Food Worker Lands In Medicaid Gap

Dr. Annelys Hernandez (left) checks out Cynthia Louis (right) in Florida International University's Mobile Health Center in Miami on March 3, 2015.
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Dr. Annelys Hernandez (left) checks out Cynthia Louis (right) in Florida International University’s Mobile Health Center in Miami on March 3, 2015. Courtesy of WLRN/Peter Andrew Bosch/Miami Herald hide caption

itoggle caption Courtesy of WLRN/Peter Andrew Bosch/Miami Herald

The Affordable Care Act got a big boost from the Supreme Court in June. But some states are still dealing with fallout from a previous Supreme Court decision that left it up to states to decide whether or not to expand Medicaid.

In Florida, which opted not to expand, about 850,000 people were left in health care limbo that some call the coverage gap.

Cynthia Louis, 58, is one of them. She worked for Burger King for most of her adult life, plus a year in high school.

“I worked for Burger King 25 years and loved every day of it, just coming, you know? Not because of the money, but just the people and working, just working,” she says.

A year-and-a-half ago, though, while working at a Burger King in the northern part of Miami, something felt off.

“All of a sudden I just started feeling sick. And I said, ‘What’s going on?’ And then I started sweating.” She says her stomach hurt and after sitting down for a while, she tried to stand up, but couldn’t. Her knees hurt too much.

She left work early that day and hasn’t been able to go back since.

“They miss me. I miss them, you know,” she says. “I just hope and pray if I can come back when I get well, I’ll be glad to come back,”

Louis is 58 and her joints still hurt all the time.

She used to have health insurance through Burger King, but after a while she dropped it because it was too expensive.

Now she needed insurance, but Medicaid wasn’t an option for her in Florida.

“It’s not right. Because it’s a lot of people out here who don’t work, and it’s a lot of people out here sick and don’t get Medicaid,” she says. “So they can’t go to the doctor, and they’re getting sicker and sicker.”

The popular description of Medicaid is that it’s health insurance for the poor.

But in fact it’s more complicated.

To qualify you usually have to also have meet another condition: be pregnant, have a dependent child or a disability. And within each of those groups, there’s even more restrictions.

For example, in a family of four, the most the parents can make to qualify for Medicaid in Florida is just under $8,500. A single parent who makes $6,000 a year and has one kid earns too much to qualify for Medicaid. And if someone is single with no dependent kids and isn’t disabled, no matter how little he or she makes, he or she can’t get Medicaid in the state.

And that’s Louis’s situation.

So when enrollment started for Obamacare in 2013, she thought she had her answer.

“I called, I kept on calling because people kept telling me that I can get it,” she recalls. “And I kept telling them, ‘Well, they told me I can’t get it.’ And they said, ‘No, you can get it!’ So I called again.”

In the end she tried three times.

“So you mean to tell me, I worked all my life, and I can’t get Obamacare? Something wrong with that picture,” she says.

The reason Louis didn’t get Obamacare is that in Florida, only part of The Affordable Care Act ever went into effect.

The federal government helps some people pay for health insurance with subsidies if they make just above poverty level up to four times the poverty level.

For those making less, they were supposed to get Medicaid.

But that second part never happened because Florida is one of 21 states that has chosen not to expand Medicaid after a Supreme Court decision opened that option.

Florida’s legislature discussed it seriously this time around but adjourned in late June without expanding Medicaid coverage.

That means Louis, and hundreds of thousands of others, fall into this gap where they don’t get Medicaid and they don’t qualify for subsidies.

She does qualify for charity care at Jackson Hospital along with a lot of other people.

“You go to Jackson, you see a million people down there. I see so many people at Jackson, it’s ridiculous,” she says.

And, charity care lacks some of the advantages of Medicaid, says Louis’s Doctor, Katherine Chung-Bridges.

“It’s being able to access specialist care. It’s being able to access you know the appropriate labs the appropriate studies in a timely fashion,” she says.

With her Jackson charity care card, Louis can only go to certain primary care clinics and most of them don’t have specialists on staff. She was referred to a rheumatologist at Jackson Memorial Hospital almost a year ago. Wait times there usually range from two weeks up to six months, says Ed Odell with Jackson Health.

“It depends on the specialties,” he says. Urologist, pulmonary specialists and ear, nose and throat clinics have longest waits. Those clinics only see patients four hours a week since they’re mostly teaching and academic clinics.”

At the same time, the federal government is giving Florida less money for charity care because of the assumption that more people would have Medicaid.

In January, Louis was finally able to book an appointment with a rheumatologist.

That appointment is this month.

This story is part of a reporting partnership with NPR, WLRN and Kaiser Health News. Daniel Chang of the Miami Herald co-reported the story.

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Beware. Travel companies can dump you

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Best of Comic-Con Day Two: 'Star Wars: The Force Awakens' Toys, Ash vs. Evil Dead Tour and More

Comic-Con welcomes all, even diehard Tomorrowland fans.

Need to catch up on all the biggest news, videos and photos coming out of San Diego Comic-Con this week? We’ve got you covered. Check out Friday’s recap below.

The Biggest News

More Hunger Games?

It could all be a joke, but following the Hunger Games panel, Josh Hutcherson let it slip on Conan that there are plans to further the movie franchise in some way. Watch the quickly corrected rumor-starter below.

Star Wars Toys

New Star Wars: The Force Awakens toys were unveiled by Hasbro today, with the star of the show being a MASSIVE Star Wars: The Black Series First Order Special Forces Tie Fighter 6-Inch Scale Vehicle. Our first-hand viewing:

Check out the giant new Tie Fighter from #StarWars #TheForceAwakens #sdcc pic.twitter.com/OFaYPh1zeD

— ErikDavis (@ErikDavis) July 10, 2015

The Coolest Moments

With Star Wars: The Force Awakens being the focus of today’s hottest panel, director J.J. Abrams bought donuts for everyone in line for Hall H this morning.

The Best Costumes

We’re running costume galleries throughout the week, but we’ve highlighted our three favorite cosplayers of the day below.

We have to start off with a shout out to the best cosplay we saw today, a group we’re calling the Mad Max: Fury Road family. How awesome is this crew?

Mash-up costumes like these combining characters from Frozen and Mad Max: Fury Road always get special points for creativity…

Comic-Con is a place for groups of friends to get together, if only so some of them will take on the lesser Back to the Future characters. Just kidding, this Griff is awesome…

We also love to see cosplay for older movies, especially when they’re as well-made as this Beetlejuice-inspired mask…

Is this the new Spider-Man costume we’re hearing will blow us away? Consider us effectively stunned…

Video of the Day

JoBlo.com took a nice little tour of the trailer home of Ash (Bruce Campbell) from the upcoming show Ash vs. Evil Dead.

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