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Early Headlines: Asia Stocks Mostly Down, Oil Up, Dollar And Gold Steady, Extreme Arctic Warmth, Town Halls, More Water In Calif, UK Bogus Green Power, Mosul Airport Attacked And More

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Written by Econintersect

Early Bird Headlines 23 February 2017

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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What We Read Today 22 February 2017

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".).

BECOME A GEI MEMBER - IT's FREE!

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

Documentary Of The Week: The History Of Humanity

Written by John Lounsbury

Econintersect: This 19-minute video scans through the global map as defined by human civilizations from their earliest emergence 200,000 years ago.

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Infographic Of The Day: 2017's Top New Year's Resolutions

The top New Year resolutions for 2017 are dieting, exercising more, losing weight, saving more money, learning new skills, quitting smoking, reading more, finding another job, drinking less and spending more time with loved ones.

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Video of the Day:

In the middle of rural Kansas, armed security patrol the entrance to a doomsday bunker that's reserved for the wealthy elite and sales are booming. Inside Edition headed deep below the surface of the Earth and into an underground bunker like no other. Larry Hall, the owner of the Survival Condo Project says, "Since the election of Donald Trump we have seen a whole new demographic of people calling in. People we didn't know they existed before."


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Current Weather Outlook

Written by

NOAA has a "much above average" level of confidence in their 6 - 10 Day Outlook and I do not believe that such a high level of confidence is justified. The pattern in the Eastern Pacific that controls teleconnections is in transition which to me means that there are too many moving parts to be maximally confident. Further out, there are AO/NAO uncertainties. The Northeast U.S. may be the area with the most uncertainty.

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Green Is Still A Go



 more opinion

Kenneth Arrow's Ignored Impossibility Theorem

from William K. Black, New Economic Perspectives

Kenneth Arrow, one of the giants of economics, has died at the age of 95. He became a Nobel Laureate in 1972. As a young lawyer in 1977, I saw him in action as an expert witness on the subject of risk. The context was setting the rates for shipping oil through the Trans-Alaska Pipeline System (TAPs). Arrow testified about the risks of oil prices falling. The FERC administrative law judge thought such a scenario was ridiculous. Within four years, oil prices fell sharply. Arrow's experience was a common one for economists dealing with lawyers - the ALJ ignored him.

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

01 February 2017 FOMC Meeting Minutes: Little Seems to Have Changed Since the Previous Meeting

Fed-sealSMALLThe 01 February 2017 meeting statement presented the actions taken. This post covers the economic discussion during this FOMC meeting between the members (minutes were released today). There was considerable discussion on when to raise the federal funds rate again:

... it might be appropriate to raise the federal funds rate again fairly soon if incoming information on the labor market and inflation was in line with or stronger than their current expectations or if the risks of overshooting the Committee's maximum-employment and inflation objectives increased .....

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