PRESS DIGEST - Wall Street Journal - June 18
June 18 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
* Foreign crises and domestic economic unease have eroded President Barack Obama's public standing, sapping his ability to respond to overseas conflicts and weighing on fellow Democrats heading into the midterm elections. As clouds gather abroad, a new Wall Street Journal/NBC News poll finds Obama's job approval rating at 41 percent, matching a previous low. (on.wsj.com/1pHjXu9)
* China is flexing its growing power over global deals, after it put the kibosh on a shipping alliance that officials here said would hold too much sway over trade lanes to Europe. Tuesday's decision by China's Ministry of Commerce came despite approvals for the shipping alliance in Europe and the U.S. It marks only the second time the Chinese regulator has stepped in to block a corporate combination since the country enacted its antitrust law in 2008. (on.wsj.com/1r3st4n)
* Argentina unveiled a controversial plan aimed at preventing the country's second default in 13 years, while hinting it was willing to negotiate with holdout creditors. The moves, announced by the country's economy minister in a televised address on Tuesday, would enable Argentina to escape a U.S. court ruling that requires it to start making payments to the creditors, something it has resisted for years. (on.wsj.com/U8TQ1V)
* Seventeen months after Congress authorized up to $16 billion to fix homes wrecked by superstorm Sandy, tens of thousands of people still are living in damaged houses or paying rent on top of a mortgage as they wait for rebuilding help. (on.wsj.com/1r4RJHp) Continuación...