by Felix Richter, Statista.com
Short-term home rental service Airbnb has filed a lawsuit against the city of San Francisco, objecting a new rule that would hold Airbnb accountable for San Francisco based homeowners failing to register with the city before listing their properties on the platform.
Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.
This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).
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from The Conversation
-- this post authored by William McDougall, Glasgow Caledonian University
Committed supporters of Scottish independence may be dusting down their 2014 memorabilia and rehearsing their arguments now that the Brexit vote has raised the prospect of another referendum north of the border. Yet despite much talk about the sovereign will of the Scottish people, the gift of holding a referendum belongs to Westminster. As Enoch Powell claimed, 'power devolved is power retained'.
Infographic Of The Day: Billion Dollar Companies That Started In A Garage
They say that we should begin with something - at least some place to live, some cash to contribute, some encouragement from our relatives, friends.
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-- this post authored by Slavoj Zizek
Note by Yanis Varoufakis: Slavoj Zizek, a DiEM25 early signatory, casts his critical eye on the 'disorder' of the EU in the light of Brexit. He reminds us that 'crises are painful and dangerous' but they are also 'the terrain on which battles have to be waged and won'.
Written by Investing.com Staff, Investing.com
U.S. stocks post 4th straight win as Dow, S&P complete best week in 2016
U.S. stocks moved higher for a fourth consecutive session, as global bond yields hit fresh record-lows while investors continued to pile into safe-haven assets in the wake of last week's surprising Brexit outcome.
The Dow Jones Industrial Average inched up 19.17 or 0.11% to 17,949.17, while theS&P 500 gained 4.90 or 0.19% to 2,102.95, as the indices completed their strongest week since November. With the continued gains, both the Dow and S&P 500 have erased approximately 90% of their Brexit-inspired sell-offs triggered from last week's market shock.
01Jul2016 Market Close: Wall Street Closed Higher, But Was Trending Down, Crude Inched Up After Addi
01Jul2016 Market Update: US Main Indexes Have Slipped Off Session Highs, But Some Investors Hoping M
01Jul2016 Pre-Market Commentary: US Futures Flat And Unchanged, US Dollar Slipping, Investors Taking
July 2016 Economic Forecast: Outlook Continues Slightly Recessionary. Too Early To Factor In Brexit Impact.
Written by Steven Hansen
Econintersect's Economic Index continues marginally in contraction but insignificantly improved. The index is slightly above the lowest value since the end of the Great Recession. Although Econintersect does not buy into proposition that Brexit is bad for the global economy, the financial markets do - and their reaction may cause a recessionary dynamic. For those alive in 1973 will remember that the oil embargo triggered a recession. Global events can contract the USA economy.