News from the South - South Carolina News Feed
US stocks drift as S&P 500 flirts with its first drop in 7 days
SUMMARY: U.S. stock indexes drifted lower Tuesday as Wall Street’s recent momentum waned, with the S&P 500 down 0.3% yet near its yearly high. The Dow and Nasdaq also slipped. Travel stocks, including Norwegian Cruise Line and Carnival, declined amid spending concerns. Home Depot rose 1.3% after strong revenue and reaffirmed forecasts, contrasting with other cautious firms amid ongoing tariff uncertainties. Treasury yields edged up, while the U.S. dollar remained stable following Moody’s downgrade of U.S. debt. Global central banks cut rates to stimulate growth, with China and Australia easing policies. China’s CATL surged 16.4% in its record IPO debut.
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News from the South - South Carolina News Feed
Some National Guard units in Washington are now carrying firearms in escalation of Trump deployment
SUMMARY: President Donald Trump has authorized some National Guard units in Washington, D.C., to carry firearms while patrolling, escalating his military deployment amid efforts to combat crime. Units are armed with handguns or rifles and operate under strict use-of-force rules, focusing on imminent threats. Thousands of Guard and federal officers patrol the capital, drawing protests. Trump considers expanding deployments to other Democratic-led cities like Baltimore, Chicago, and New York, prompting criticism from local leaders. Maryland Governor Wes Moore and Chicago Mayor Brandon Johnson oppose the moves, calling them unnecessary and racially motivated. Civil rights leaders also denounce the deployments as profiling and abuse of power.
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News from the South - North Carolina News Feed
Martin Co. hospital rebirth plans face Medicaid cuts challenge
East Carolina University is officially pursuing the idea of reopening Martin General Hospital, the shuttered hospital in Eastern North Carolina. But first, it needs $220 million — and for cuts to Medicaid to stop coming.
That’s starting to seem increasingly unlikely.
The uncertainty around the plan for Martin General shows just how vulnerable rural health care access is to the headwinds of policy decisions coming out of Washington and Raleigh.
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ECU filed a letter of intent in July to reopen the hospital as a Rural Emergency Hospital, a new type of hospital for the state: one that sees only outpatient, emergent cases. The designation, created in 2021 by the Centers for Medicare and Medicaid, is a new tool to save struggling hospitals or revive closed ones.
But the cuts to Medicaid in Donald Trump’s Big Beautiful Bill, now law, are a serious curveball. More than 40% of Martin County residents are enrolled in Medicaid. The program would be a critical funding source for the hospital.
Meanwhile, at the state level, North Carolina’s recently passed minibudget falls $319 million short of fully funding Medicaid. It’s likely that the state will have to reduce what it pays hospitals for services provided to Medicaid beneficiaries.
Hospital and county officials say that as long as the legislature provides the $220 million they need, and a permanent solution to the Medicaid problem is determined, the plan is a go. Those are some big ifs.
“ECU Health and Martin County are committed to partnering together to build a sustainable model for health care in the community,” ECU Health spokesperson Brian Wudkwych told Carolina Public Press.
“While the nonbinding letter of intent represents an important milestone, there are many complex rural health care challenges that must be solved to make the proposed rural health care model a reality in Martin County. These challenges include navigating new federal health care legislation as well as securing vital public funding needed to build a long-term, sustainable regional system of care.”
In a break from the official line, ECU’s chief operating officer Brian Floyd told the New York Times that “the chances of reopening the hospital are low” due to the loss of Medicaid expansion. But Wudkwych and Dawn Carter, a health care consultant with the county, maintain that both parties fully intend to move forward with the plan.
The signals are mixed, to say the least. For Martin County, however, the confusion hasn’t crushed its dream of restoring the hospital.
“Martin County has, for the last two years, faced obstacles one after another, and worked tirelessly to get around and through all these different issues,” Martin County attorney Ben Eisner told CPP.
“Now we’ve got these Medicaid issues and federal headwinds. This little county is one of the smallest, most rural, poorest in the state. It has risen to the occasion anytime something’s been thrown its way. This is the little engine that could.”
ECU’s proposal would create a scaled-down version of the hospital. Rural Emergency Hospitals, or REHs, are not designed to provide inpatient services that would require overnight stays — think hip replacements, C-sections or appendectomies. For that kind of care, Martin County residents would still need to travel 30 minutes to the nearest full-service hospital, ECU Health Beaufort in “Little” Washington. Part of the $220 million ECU is asking for would go towards expanding capacity there.
CMS doles out $3 million to each REH each year in order to keep their doors open. They also receive higher reimbursement rates for each patient visit.
Due to the age and condition of the building, the new REH will be relegated to a corner of the old hospital. For residents of Martin County, the reopening of the hospital in any capacity would be a major boon.
“The closure has been a huge hit to the county in terms of lack of emergency care and transport times and strain on our EMS,” Eisner said.
“There’s the medical part of it, then there’s the economic part of it. ECU Health is a major economic engine in the eastern part of the state. This would have downstream effects of hiring new providers and staff. It could be really big for the region.”
If all goes well, Martin General would become North Carolina’s first Rural Emergency Hospital, clearing a path forward for other struggling hospitals across the state.
This article first appeared on Carolina Public Press and is republished here under a Creative Commons Attribution-NoDerivatives 4.0 International License.
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Note: The following A.I. based commentary is not part of the original article, reproduced above, but is offered in the hopes that it will promote greater media literacy and critical thinking, by making any potential bias more visible to the reader –Staff Editor.
Political Bias Rating: Center-Left
The content focuses on the challenges of rural healthcare access, emphasizing the negative impact of Medicaid cuts and the importance of public funding to support vulnerable communities. It highlights concerns about policy decisions at both federal and state levels, particularly those associated with conservative-led initiatives, while advocating for sustained government support. This perspective aligns with a center-left viewpoint that prioritizes social welfare and government intervention to address healthcare disparities.
News from the South - South Carolina News Feed
Appeals court throws out massive civil fraud penalty against President Donald Trump
SUMMARY: A New York appeals court dismissed President Donald Trump’s $527 million financial penalty for fraud but upheld the finding he exaggerated his wealth for decades. The ruling bans Trump and his two eldest sons from corporate leadership for a few years. The court deemed the fine “excessive” under the Eighth Amendment but agreed Trump committed fraud by inflating asset values. Trump called it a “total victory,” while Attorney General Letitia James emphasized the affirmed fraud liability. The complex 323-page decision allows for further appeal. Trump continues to face multiple legal challenges, including criminal convictions and defamation cases.
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