Living in a border area disputed by two nations may be hard enough, but the Druze community in the Golan Heights are now facing another difficulty - that of oil exploration on their doorstep. An American company has started drilling wells there with Israel"s approval, but locals fear they won"t reap any benefits, as Paula Slier found out.
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.
by Lakshman Achuthan, Co-Founder and Chief Operations Officer of ECRI
Eleven trillion dollars: that"s how much of so-called Quantitative Easing the world"s central banks have done since the 2008 crisis. To put that in perspective, with eleven trillion dollars you could pay off pretty much all U.S. household debt - all mortgages, all car and student loans, credit cards - you name it.
Infographic Of The Day: Going To A Paperless Office
When they were told that the average office worker uses 833 pieces of paper each month (that’s 10,000 sheets of paper each year)! In terms of trees, every office worker goes through 7.45ft of tree every year!
Remember When Carmen Segarra Exposed the NY Fed"s Refusal to Stop Goldman Sachs and Banco Santander"s Scam to Inflate Santander"s Capital? How"d that Work Out?
by William K. Black, New Economic Perspectives
On September 30, 2014 I wrote an article to explain the true significance (and horrific analysis by the NY Fed and much of the media) of Carmen Segarra"s key disclosure. My title was "A "Perfectly Legal" Scam is Perfectly Unacceptable to Real Bank Supervisors." Segarra was the NY Fed examiner who was fired for her criticisms of Goldman Sachs.
Click for larger image at Twitter.
Janet Yellen Encouraged More Levered Risk Taking in Markets Tuesday
by EconMatters, EconMatters.com
Risk Taking Tuesday
Federal Reserve Chair Janet Yellen testified before the Senate banking committee on Tuesday, and again the end result from the market`s point of view was to borrow even more money, and buy risk assets in the form of bonds and stocks.
Written by Doug Short and Steven Hansen
The second estimate of fourth quarter 2014 Real Gross Domestic Product (GDP) is now a positive 2.2%. This data point was +2.6% in the advance GDP estimate. The downward revision to the percent change in real GDP primarily reflected downward revision to private inventory investment.