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What We Read Today 24 May 2017

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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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Every day most of this column ("What We Read Today") is available only to GEI members.

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What We Read Today 23 May 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.

Read more ...




 more features, analysis, studies, and news published in the last week

Doctors Say They're Running Out Of Baking Soda - And The Shortage Is Putting Life Saving Operations

The shortage of baking soda solution is hitting hospitals nationwide and life-saving operations are being put on hold, the New York Times reports. A hospital in Alabama recently postponed seven open-heart operations and one doctor said that he tried mixing his own solution to combat the deficit. Besides the baking soda medicine shortage, there are currently 50 different drugs in short supply, according to the FDA.

Infographic Of The Day: 5 Ways To Build Customer Loyalty According To Science

The fact is that 68% of customers leave because they feel brands do not care about them, and the cost of these lost customers can add up fast. It's estimated that acquiring new customers is 500% more expensive than keeping old ones. One way of looking at customer loyalty is to think about the underlying behavioral psychology.

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Video of the Day:

The shortage of baking soda solution is hitting hospitals nationwide and life-saving operations are being put on hold, the New York Times reports. A hospital in Alabama recently postponed seven open-heart operations and one doctor said that he tried mixing his own solution to combat the deficit. Besides the baking soda medicine shortage, there are currently 50 different drugs in short supply, according to the FDA.


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Current Weather Outlook

Written by

Ocean temperature anomalies this week are far less dramatic than last week. Perhaps this suggests less drama in the forecasts. We discuss again why we believe the calls for an El Nino are a bit bizarre. Mostly we discuss the current 6-10 Day, 8-14 Day and Week 3-4 forecasts for the U.S. which surprisingly are more controlled right now by the Atlantic and Gulf of Mexico than the Pacific.  We also review the overall World situation.

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 more investing, markets, precious metals & forex

24May2017 Market Close: Wall Street Closed Fractionally Higher, DOW Up 75 Points, US Dollar Slips Fractionally



 more opinion

Why Traditional Ethics And Compliance Training Programs Don't Deter Fraud

by Michael Bret Hood

An Investigator's Guide To Ethics, Part 1

When you bring up the idea of ethics and compliance training in your organization, what kind of reaction do you get? Why do you think people react in the way that they do? In your opinion, do you believe current compliance and ethics training methods are effective?

fraudster

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

03 May 2017 FOMC Meeting Minutes: When Will The Ducks Line Up For A Fed Rate Increase?

Fed-sealSMALL-- this post authored by Steven Hansen

The 03 May 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:

... Several participants, however, pointed to conditions under which the Committee might need to consider a somewhat more rapid removal of monetary accommodation--for instance, if the unemployment rate fell appreciably further than currently projected, if wages increased more rapidly than expected, or if highly stimulative fiscal policy changes were to be enacted. In contrast, a couple of others judged that the Committee could withdraw monetary accommodation even more gradually than reflected in the medians of forecasts in the March Summary of Economic Projections, noting that slack might remain in the labor market or that inflation was not very sensitive to declines in the unemployment rate below its estimated longer-run normal level. .....

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