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.
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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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.
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.
FOREX NEWS by DailyForex
The U.S. Dollar continued to gain positive momentum in the wake of the Federal Reserve’s latest policy decision.
The U.S. economy continues to improve with decreasing unemployment and improvement in the housing sector.
Markets have a way of switching gears almost overnight and that is what seems to be happening in Asia.
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.
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.
by Cengiz Gunes, The Conversation
The recent surge of violence in Turkey following the massacre of socialist activists in Suruc has brought Turkey perilously close to an all-out conflict with the Kurds.
U.S. major indices move lower on Friday, but close up for the month
by Investing.com Staff, Investing.com
The Dow lost 55.52 or 0.31% to close at 17,690.46, while the NASDAQ inched down 0.51 or 0.01% to 5,128.28. The Dow closed the month up by less than 0.5%.
The S&P 500 dropped 4.71 or 0.22% to 2,103.92, as energy stocks plunged by more than 2.5% on the session. Stocks in the Technology, Financials and Basic Materials industries also lagged as six of 10 sectors closed in the red. For the month, the index gained more than 1.78%.
31Jul2015 Market Update: Markets Recover From Morning Doldrums, WTI Oil Falls Into Major Support, In
31Jul2015 Pre-Market Commentary: U.S. ECI Worst Since 1982, U.S. Dollar Drops, Oil Gains Fractionall
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..