by Branko Milanovic
Appeared originally at globalinequality.com 29 July 2016
Sometimes it's useful to put symbolic dates on when a different era begins. The end of Thatcherism, it could be argued, came on July 10 in the then PM-candidate speech by Theresa May. It was perhaps appropriate that another woman, a Tory Prime Minister, would be credited with the ending of Thatcherism.
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.
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by Felix Richter, Statista.com
-- this post authored by Niall McCarthy
Throughout history, most U.S. ambassadors have been men.
Infographic Of The Day: Effects Of Quitting Smoking
Cigarette smoking is to blame 443,000 deaths each year in the United States.
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by Yanis Varoufakis
IMF confesses it immolated Greece on behalf of the Eurogroup
This week began with a debate in Greek Parliament called by the Official Opposition (the troika's main, but not only, domestic cheerleaders) for the purposes of, eventually, indicting me for daring to counter the troika while minister of finance in the first six months of 2015.
by Asif Suria
to edition 319 of Insider Weekends. Insider buying increased significantly last week with insiders buying $118.43 million of stock compared to $29.17 million in the week prior. Selling also increased with insiders selling $2.12 billion of stock last week compared to $757.96 million in the week prior. Almost half the insider selling this week was related to ValueAct liquidating nearly a third of their position in Microsoft as discussed below.
29Jul2016 Market Close: Wall Street Closes Higher, US Dollar Falls, WTI Crude Gains Fractionally Off
29Jul2016 Market Update: Wall Street Trades At New Historic Highs, DOW Remains Nearly Flat Up 25 Poi
29Jul2016 Pre-Market Commentary: US GDP Falls Sharply, US Dollar Drops Precipitously, Gold And Crude
Written by Steven Hansen
Econintersect's Economic Index is no longer in contraction but its level is correlating to a snail's pace economic growth. The index remains near the lowest value since the end of the Great Recession. This month a graphic has been added to highlight the differences with GDP.