What We Read Today 06 June 2014

June 6th, 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.

Follow up:

  • Fixing Benchmarks (Paul Amery) Even Central banks (especially in Asia) are in the "fixing" business.
It's really no exaggeration to call this the most spectacular and grimly hilarious irony of the current era of U.S trade and globalization policy: Wal-Mart is running into big-time trouble because it can't cut even its rock-bottom prices low enough to make them affordable for its low-income-dominated customer base.
  • Vermont Passes Call for Convention to Overturn Citizens United! (Rootstrikers) Hat tip to Naked Capitalism. Vermont becomes the first state to call for a constitutional amendment that would overturn the Supreme Court decision on Citizens United. This organization is calling for petition signers to support efforts in other states. Presently they state California, Hawaii, Massachusetts, New Jersey, New Mexico, Rhode Island, Connecticut, Maryland, Colorado, Oregon and Montana also have efforts underway to call for a constitutional convention. For more details see Vermont Just Took a Radical Step To Get Money Out of Politics (Tom McKay, PolicyMic). McKay points out that no constitutional convention has ever been convened by public petition. Previous amendments were passed by super majorities in the House and Senate and then ratified by the states.

Today there are 12 articles discussed 'behind the wall'.

There are six articles discussing the ECB action and other Eurozone economic news.

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