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Schauble Supports European Treasury, Which might Fight Recessions

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by Dirk Ehnts, Econoblog101

The German weekly Die Zeit reports that Schauble support the idea of a Treasury at the European level. It seems that some taxes are thought to be part of the idea, but a member of the Christian Democrats in Brussels and Member of the European Parliament, Elmar Brok, is quoted to have said that the Euro Treasury can smooth the business cycle.

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What We Read Today 31 July 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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 more features, analysis, studies, and news published in the last week

Three Reasons Why Russia should not be Called the Greatest Threat to the USA

by Valentina Feklyunina and James Bilsland, The Conversation

When General Joseph Dunford, Barack Obama's nominee for the position of chairman of the Joint Chiefs of Staff, described Russia as 'the greatest threat to our national security' during his confirmation hearing in the Senate, the White House rushed to distance itself from his words. However, General Dunford's statement was far from isolated. Only several weeks earlier, the US Air Force secretary, Deborah James, expressed a similar view of Russia in an interview with Reuters.

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Infographic Of The Day: Earth's Cousin Exoplanet Kepler-452b

 Announced on July 23, 2015, planet Kepler-452b is larger than Earth and orbits a star nearly identical to the sun, but older and therefore hotter.

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Video of the Day:

Twenty-three year old Sebastian Reyes fell from the 17th floor and survived in Rancagua, Chile, on June 20. After miraculously surviving he returned to the site of the accident.


video of day picture





FOREX NEWS by DailyForex

Dollar’s Momentum in Overdrive

The U.S. Dollar continued to gain positive momentum in the wake of the Federal Reserve’s latest policy decision.

Fed Still On Line for September Rate Increase

The U.S. economy continues to improve with decreasing unemployment and improvement in the housing sector.

Japan Moves to Eclipse China in Retail Sales

Markets have a way of switching gears almost overnight and that is what seems to be happening in Asia.

Yen Dips as Safe Haven Appeal Wanes

The US Dollar edged higher against the Japanese Yen as investors dismiss the recent rout in Chinese equities and as speculation grows that the U.S. could soon see a rise in interest rates.

Will Fed Hint at Rate Increase at Wednesday Meeting

The big question hanging in the air this week is whether or not the Fed will officially schedule a date for the interest rate increase which it has been predicting for the last few months.
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Investing.com Weekly Wrap-Up 31 July 2015



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

24 July 2015: ECRI's WLI Continues In Positive Territory Again Insignificantly Declining

ECRI's WLI Growth Index which had spent 28 weeks in negative territory - is now in its 13th week in positive territory but continues to creep back towards contraction..

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