What We Read Today 30 April 2014

April 30th, 2014
in econ_news, syndication

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 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.

  • China’s Income Inequality Surpasses U.S., Posing Risk for Xi (Lorraine Woellert and Sharon Chen, Bloomberg) The gap between rich and poor incomes in China is now one of the highest in the world, exceeding even the U.S. Researchers at the University of Michigan say that the GINI coefficient for China has nearly doubled over a 30-year period from 1980-2010. This article quotes analysts who say social unrest is a real risk for China if the trend is not reversed.

Follow up:

"Senior Officers of Goldman Sachs and Morgan Stanley Aided and Abetted Tax Fraud by Wealthiest Americans, Failed to Make Required Criminal Referrals, and Demanded Immunity from Prosecution for Themselves and the Banks before Complying with the U.S. Subpoenas: U.S. Department of Justice Caves in to Banker's Demands Continuing its Practice of Effectively Immunizing Fraud by Most Financial Elites."

Today there are 13 articles discussed 'behind the wall'.

The first three articles are about Mario Draghi's equivocation regarding QE operations for the ECB.

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