Marathon Bombing Survivor Writes Letter To Tsarnaev


Boston Marathon bombing survivor Rebekah Gregory wrote a powerful letter to Dzhokhar Tsarnaev, who is currently under trial for the bombing attack.

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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".).


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

Stratfor: Japan's Intelligence Reform Inches Forward


When the Allies defeated Japan at the end of World War II, they dismantled the Japanese security apparatus and deliberately left the country dependent on outside powers. This entailed not only taking apart the military but also the extensive imperial intelligence apparatus that had facilitated Japanese expansion in Asia. As it reconstituted itself, postwar Japan opted for a decentralized intelligence system as an alternative to its prewar model. The result was more a fragment of an intelligence apparatus than a full system, with Tokyo outsourcing the missing components to its allies. This system worked through the Cold War, when Japan was more essential to U.S. anti-Soviet strategy. Since then, however, Japan has found itself unable to count on its allies to provide vital intelligence in a timely manner. The Islamic State hostage crisis in January, during which Japan depended on Jordanian and Turkish intelligence, reinforced this lesson.


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:

Boston Marathon bombing survivor Rebekah Gregory wrote a powerful letter to Dzhokhar Tsarnaev, who is currently under trial for the bombing attack.

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 more investing, markets, precious metals & forex

Open Market Commentary: Sideways Trading As Averages Stay Just Above Unchanged Line, Session Headed For Slow Speed Trading

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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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Opening Market Commentary For 05 Mar, 2015

Markets opened up, flat as expected and sea-sawed with a very small trend upwards that eventually failed and began to slip. All of this (?) action was with a very narrow range and falling volume. Indicators are fractionally bullish for now but expected to turn bearish either today or late as Monday.

By 12:45 the markets were still trading sideways in what might become quieter than usual as some traders head out early for the weekend like I am going to do.


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

January 2015 Manufacturing New Orders Again Decline. Rolling Averages Remain in Contraction. Data Looks Very Soft.

Written by Steven Hansen

US Census says manufacturing new orders declined. Our analysis agrees. The data has been soft for a half a year. Consider that this data is noisy - and the rolling averages (which include transport) are decelerating - and are in contraction territory to boot. Unfilled orders are shrinking (year-over-year unadjusted). Most components soft.

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