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.
- Indian power. Mr Modi must centralise it (Nick Butler, Financial Times) In two decades China has lifted 680 million people out of poverty; India can do the same, says Mr. Butler. The key is to give everyone access to electricity and Prime Minister elect Narendra Modi is on the right track with announced plans to consolidate three energy ministries and to replicate throughout India his successful Gujarat state initiative for solar power both on and off the grid. But Modi has a rough road to travel: See GEI News.
- China's millionaire machine slows (Robert Frank, CNBC) Hat tip to Marvin Clark. Another sign of slower economic growth in China: After years of increasing the number of millionaires by about 10% per annum, in 2013 the number increased by only 3.6% (up 100,000 to 2.9 million). But the Chinese economy is still stubbornly hanging in there: See GEI News.
- More Americans Oppose Edward Snowden's Actions Than Support Them (Mark Murray, NBC News) Among young citizens, age 18-34, Edward Snowden is supported by a 32-20 margin (48% unsure or don't know). For the entire population Snowden is opposed by a 34-24 margin (42% no opinion or don't know). In the detailed survey results, 27% said they had not seen, heard or read news coverage about Snowden and 2% were unsure.
- UK manufacturing keeps up strong growth rate in May - PMI (Andy Bruce, Reuters) UK manufacturing continues a strong performance with the PMI (Purchasing Managers' Index for May registering 57.0, following 57.3 for April. New orders are increasing and employment is growing. Even the Eurozone is still looking up (Reuters) with PMI for May at 52.2, but it is down from 53.4 in April. China and India should send study delegations to learn how it is done.
Today there are 13 articles discussed 'behind the wall'.
The final four articles discuss the disappearing growth in number of U.S. households.
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