Asian Century Reality Check


by John West, Asian Century Institute

From the heady hype of 2010-2012, speculation about the prospects for an Asian century has cooled down.


 more WWRT

What We Read Today 29 May 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".).


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

How Fleet Street Turned Dunkirk from Catastrophe into Cultural Icon

by John Jewell, The Conversation

For most British people the Dunkirk evacuation between May 26 and June 4 1940 was the most significant early event of World War II. And in the 75 years since those momentous events it has come to occupy, in Penny Summerfield's words, 'an iconic place in British culture'.


Infographic Of The Day: Indian E-Commerce

For all the shopaholics addicted to online shopping, have a look at this Infographic showing some interesting facts and figures on the growth of the E-commerce in India.

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Video of the Day:

AT&T's Texting & Driving Campaign Urges Consumers That It Can Wait. Don't text and drive. It Can Wait.

video of day picture

FOREX NEWS by DailyForex

UK Q1 GDP Figure Confirmed

According to the UK’s Office for National Statistics (ONS), the original estimate for Q1 growth in 2015 was spot-on at 0.3%. The figure represents a significant slowing of the UK economy from the pace seen in Q4 2014 which came in twice as high.

Chinese Shares Pull Back

Chinese shares came back slightly on Friday after plunging drastically the day before, but couldn’t prevent investors from remaining skeptical that the equity market was turning around.

USD/JPY Rises on Policy Divergence

Investors, speculating that interest rates in the United States are likely to rise higher this year, helped to push the U.S. Dollar to a multi-year peak versus the Japanese Yen.

Swiss Takes A further Step Towards Ending Banking Secrecy

The totally anonymous “numbered Swiss bank account” much beloved by authors of crime fiction as the ultimate repository for hiding one’s ill-gotten gains may itself, have its days numbered.

Australia’s CAPEX Report Not Promising

Australia released its business capital expenditure (CAPEX) report Thursday and it wasn’t promising.
 more investing, markets, precious metals & forex Weekly Wrap-Up 29 May 2015

 more opinion

Here's How Bernanke's Bubble Trickle Down Is Working For US Manufacturers

by Lee Adler, Wall Street Examiner

Core capital goods orders, adjusted by the PPI to reflect the actual volume of orders over time, fell 1% year to year in April. We know that the BLS is understating the inflation rate, so the actual trend is probably worse than this. But this is bad enough.


U.S. stocks end month on a sour note, as disappointing GDP data weighs

by Staff,

U.S. stocks fell broadly on the final trading session of the month, as U.S. GDP for the first quarter was revised downward on Friday as expected, providing a harbinger for tepid economic growth over the current period.

Stocks dropped considerably on Friday after GDP in the first quarter was lowered to minus 0.7% from an initial reading of 0.2%. The reading was in line with analysts' expectations of a downward revision of minus 0.8%. A surge in imports to 5.6% from an initial gain of 1.8%, linked to an abrupt unloading of imports at West Coast ports was thought to be responsible for the revision. A port work stoppage throughout the winter weighed on the U.S. economy in the first quarter.


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

22 May 2015: ECRI's WLI Remains In Positive Territory But Little Changed This Week

ECRI's WLI Growth Index which had spent 28 weeks in negative territory - is now in its fourth week in positive territory but was little changed this week. ECRI also released its lagging indicator this week and is reported below.

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