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Europe is Heading Towards Constitutional Crisis, With or Without Greece

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by Nicole Scicluna, The Conversation

As Greek Prime Minister Alexis Tsipras stands off against the so-called Troika, questions abound about the future of his country.

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What We Read Today 03 July 2015

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".).

BECOME A GEI MEMBER - IT's FREE!

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

To become a GEI Member simply subscribe to our FREE daily newsletter.

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

America's Favorite Video Game Genres

from Felix Richter, Statista.com
by Niall McCarthy

Americans spent a whopping $15 billion on video games in 2014.

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Infographic Of The Day: Mars-Size Exoplanet Smaller Than Earth

Although most of the planet candidates cataloged by NASA's Kepler space telescope have diameters in the range of 2 to 4 times that of the Earth, little Kepler-138 b is only about the size and mass of Mars.

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Video of the Day:

Professor Steve Keen talks about the Greek debt crisis, and defaulting on an IMF loan.


video of day picture





FOREX NEWS by DailyForex

Chaos

Appropriately enough, the etymology of the word “Chaos” stems from the Greek word “khaos” – meaning a vast void or chasm, originally.

Oil Prices Drop on Oversupply, Chinese Stock Probe

Good news may be in store at the pump before the July 4th weekend as oil prices dropped on Friday amid reports that an oversupply of the crude remains on U.S. oil rigs.

Swedish Central Bank Surprises

A surprise rate cut by Riksbank sent the Swedish Krona nearly 1% lower against its key rival, the common currency Euro.

TRADING DURING THE 4th OF JULY HOLIDAY

Tomorrow, Friday, 3rd July, is a major public holiday in the U.S.A. This year, the 4th of July is effectively the 3rd of July, 2015. Find out how this affects Forex trading and when the markets will be closed here.

The Fall of the Euro—When?

Now that Greece has missed a repayment worth about 1.5 billion euros ($1.7 billion) that was due on Tuesday to the International Monetary Fund (IMF), all eyes are focused on the future of the euro and its impact in the international arena.
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Investing.com Weekly Wrap-Up 03 July 2015



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Charting Greek Referendum Path

by EconMatters, EconMatters.com

Greece missed a payment to the The International Monetary Fund (IMF) of about 1.5 billion euros, or $1.7 billion, on Tuesday which officially put the country in the ranks of Sudan, Somalia and Zimbabwe.

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

Fed's Balance Sheet 01 July 2015 - Levels Fall

Total Fed Balance Sheet:

Fed's Balance Sheet week ending balance sheet was $4,440 trillion..

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