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.
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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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.
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.
This widget provided by DailyForex.com Forex News & Brokers;
Written by Sig Silber
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.
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.
by Richard Stavros
Investing Daily Article of the Week
It may seem counterintuitive that utilities could still profit in the Trump era by going green.
22Feb2017 Market Close: Wall Street Passes On New Highs Except For The DOW, Interest Rate Hike May C
22Feb2017 Pre-Market Commentary: Wall Street May Take A Break Today And Open Flat And Down, US Dolla
The 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: