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Trump Doesn't Need To Win The Popular Vote To Be President

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Written by John Lounsbury

We recently pointed out that if only a total of 278,000 votes for Obama had switched to Romney in 2012 that Romney would have won. If the switches had been made in just 3 states, Florida (38,000 out of 8.474 million or 0.45%), Ohio (84,000 out of 5.581 million or 1.5%) and Pennsylvania (156,000 out of 5.754 million or 2.7%), Obama would have been a 1-term president.

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What We Read Today 23 July 2016

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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Every day most of this column ("What We Read Today") is available only to GEI members.

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 more features, analysis, studies, and news published in the last week

Accounting For Power: The History Of An Industry That Shaped The World

from The Conversation

-- this post authored by Christina Ionela Neokleous, University of Essex

In ancient Mesopotamia, Babylonia, Egypt, Rome and in Greece, the world saw the first flowering of an industry that would document and shape its progress. Wealthy landowners, emperors, princes and kings would keep track of their gold and grain using papyrus, stones or wooden tablets to keep records after purchases and sales.

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Infographic Of The Day: Peer-to-Peer "Hotel Rooms" - Embrace The Adventure

Why go to a hotel or pay a huge booking fee through a rental agency when you can stay at a nice home. Places like Airbnb, HomeAway, OneFineStay and others are providing a cheaper, more accommodating locations to stay in while you travel.

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Video of the Day:

Neil deGrasse Tyson explains 10 things that we have heard all our life and re-told but are completely false. There is a sound system failure at about 2 minutes, but it is recovered.


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 more investing, markets, precious metals & forex

Insider Trading 22 July 2016: ServiceNow, Apple Selling



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Helicopters Are Coming

Written by John Lounsbury

In 1969, in a paper entitled 'The Optimum Quantity of Money', Milton Friedman wrote a parable about dropping money from helicopters for people to pick up off the ground. The idea is that to increase economic activity and create inflation in an economy running at less than capacity, an effective tool is direct transfer payments to the people.

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 USA economy at a glance (boxed items are updates in last 7 days)

15 July 2016: ECRI's WLI Growth Index Improved

ECRI's WLI Growth Index which forecasts economic growth six months forward was improved and remains in positive territory for the 17th week - after spending the previous 35 consecutive weeks in negative territory. ECRI has released their coincident and lagging indices and is reported below.

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