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Early Headlines: Ferguson Outrage, Inda Bans Documentary on Rape, China Lowers Growth Target, Senate Fails Keystone Veto Override and More

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Early Bird Headlines 03 March 2015

Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.

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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

Debt Be Not Proud

by John Mauldin, Thoughts from the Frontline

Some things never change. Here is Eugen von Bohm-Bawerk, one of the founding intellectuals of the Austrian school of economics, writing in January 1914, lambasting politicians for their complicity in the corruption of monetary policy:

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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)

March 2015 Beige Book: Economy Continues to Grow

Econintersect: The consolidated economic report from the 12 Federal Reserve Districts (Beige Book) said "that economic activity continued to expand across most regions and sectors from early January through mid-February". The previous report said "that national economic activity continued to expand during the reporting period of mid-November through late December, with most Districts reporting a "modest" or "moderate" pace of growth". Seems like the rate of growth is unchanged.

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