Vacation Time


Written by Econintersect

Due to multiple staff vacations this week there may be intermittent publications or What We Read Today, Early Bird Headlines, and Market Close articles.


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What We Read Today 28 May 2017

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.

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

Music Streaming Is Now 'Too Big To Fail'


-- this post authored by Felix Richter

After months of negotiations, the world's largest music streaming service and the world's largest record label have agreed on a new licensing deal.

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Infographic Of The Day: The Progress Of Facebook's 10-Year Masterplan

In the company's first 10 years, Mark Zuckerberg transformed Facebook from a college side-project into a multi-billion dollar platform. Today's infographic details Facebook's masterplan to potentially make the company a $1 trillion colossus. It's worth noting that Facebook is technically already about one year into the 10-year plan, and that the infographic has been updated to include the latest developments in the company as of 2017.

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Video of the Day:

Benny the Bull Kiss Cam at the Chicago Bulls vs. Boston Celtics game where Benny the Bull swooped in and stole the Celtic's fan's girlfriend after he was on the phone and didn't realize they were on the kiss cam! The idea is that couples images are displayed on the big screen over the basketball court and if your image is shown you should kiss your partner. That's the theory. Watch till the end

video of day picture


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Current Weather Outlook

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Ocean temperature anomalies this week are far less dramatic than last week. Perhaps this suggests less drama in the forecasts. We discuss again why we believe the calls for an El Nino are a bit bizarre. Mostly we discuss the current 6-10 Day, 8-14 Day and Week 3-4 forecasts for the U.S. which surprisingly are more controlled right now by the Atlantic and Gulf of Mexico than the Pacific.  We also review the overall World situation.


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This Is One Weak Breakout

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Debt Bondage, Domestic Servitude And Indentured Labour Still A Problem In The World's Richest Nations

from The Conversation

-- this post authored by Deirdre McKay, Keele University

Slavery has been illegal in every country since the last country to do so, Mauritania, criminalised the practice in 2007. But while slavery is illegal, it has not disappeared. Contemporary slavery in the form of indentured labour, debt bondage or domestic servitude still exists in many places - including the richest countries of the world.

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

19 May 2017: ECRI's WLI Growth Index Ticks Marginally Up

ECRI's WLI Growth Index which forecasts economic growth six months forward remains in positive territory for over one year - after spending the previous 35 consecutive weeks in negative territory. This is compared to RecessionAlerts similar weekly leading index.

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