Early Headlines: Kurds Say they Seek Truce, Democracy in Europe, Slave Labor in SE Asia Fisheries, TPP Talks Fail, How Germany Prevailed and More
Early Bird Headlines 02 August 2015
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.
August 2nd, 2015
Modern Money and Public Purpose
Econintersect: In a program 'Modern Money and Public Purpose', an interdisciplinary seminar series held at Columbia Law School over the 2012-2013 academic year, the first program, moderated by history professor William V. Harris, featured two who have contributed to GEI, L. Randall Wray and Michael Hudson. The series aims to present new perspectives and progressive policy proposals on a range of contemporary issues facing the U.S. and global macroeconomy. This first program discusses how current fiat monetary systems operate and how this has derived from what is known about money and credit (debt) from archaeological records.
More turbulence on the Chinese stock market highlights just some of the challenges facing the world’s second-largest economy. Following losses of US$3 trillion in the three weeks from mid-June, the Shanghai Composite has since recorded its biggest one-day fall for more than eight years. It’s clear that regulatory reform is needed in the country’s financial sector and China’s large shadow banking sector is one area in particular need of government intervention.