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05Mar2015 Pre-Market Open Commentary:

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Written by Gary

Premarkets were high as +0.18% this morning and fell slightly after the U.S. Initial and continuing jobs claims rose higher than expected. WTI oil is hovering at 52.00 remaining in a neutral zone for the past several weeks.

Markets are expected to open up, but flat.

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 more WWRT

What We Read Today 04 March 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".).

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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

Stratfor: Japan's Intelligence Reform Inches Forward

by STRATFOR

When the Allies defeated Japan at the end of World War II, they dismantled the Japanese security apparatus and deliberately left the country dependent on outside powers. This entailed not only taking apart the military but also the extensive imperial intelligence apparatus that had facilitated Japanese expansion in Asia. As it reconstituted itself, postwar Japan opted for a decentralized intelligence system as an alternative to its prewar model. The result was more a fragment of an intelligence apparatus than a full system, with Tokyo outsourcing the missing components to its allies. This system worked through the Cold War, when Japan was more essential to U.S. anti-Soviet strategy. Since then, however, Japan has found itself unable to count on its allies to provide vital intelligence in a timely manner. The Islamic State hostage crisis in January, during which Japan depended on Jordanian and Turkish intelligence, reinforced this lesson.

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Infographic Of The Day: Homeless Transgender Youth

Transgender people can be straight, gay, lesbian or bisexual. Q stands for questioning – someone who is questioning their sexual and/or gender orientation. Sometimes, the Q stands for “queer,” a term reclaimed by some LGBTs for political reasons. 

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Video of the Day:

Watch out GoPro, China's Xiaomi Yi Action Camera is coming after you. After shaking up the global smartphone industry with its low cost handsets, Xiaomi is moving to its next target-the action camera. The Yi will sell for about $64 US dollars which is half the price of the $130 GoPro Hero. Tech Analysts say it will be a formidable competitor. Both cameras have similar features, But the Yi weighs less, offers more storage and boasts more powerful video capabilities.


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 more investing, markets, precious metals & forex

Xinyuan Real Estate: What the 4th Quarter Report Tells Us



 more opinion

Reading Mensik's "The Origins of the Income Theory of Money"

by Dirk Ehnts, Econoblog101

The title of this post was taken from a paper by Josef Mensik, a colleague of mine from Brno in the Czech Republic. The abstract starts like this:

The income theory of money was conceived in the 19th century, and in the first half of the 20th century it formed the backbone of all the main monetary approaches of the time. Yet, since it did so mostly implicitly rather than explicitly, and since the later developments moved economic theory in a different direction, the income theory of money is hardly remembered at present. While mainly accounting for the origins of the approach, I am also offering a brief comparison with the present mainstream economics and I shortly address the question of the possible future of the theory too.

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

4Q2014 (Final): Productivity Contracts, Costs Up.

Written by Steven Hansen

A simple summary of the headlines for this release is that the growth of labor costs is increased significantly from the previous quarter, whilst the rate of growth of productivity significantly declined. If one looks at the year-over-year data - it is saying the same thing.

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