What We Read Today 16 June 2014

June 16th, 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.

  • El Niño Could Make U.S. Weather More Extreme during 2014 (Kevin Schultz, Scientific American) Scientists are reporting a rising probability of El Nino conditions impacting North American weather by late summer and even higher probability next fall and winter. Weather patterns that exist at other times are sometimes reversed during El Nino with normally wet areas becoming dry and vice versa. El Nino is associated with warming of the Pacific Ocean off the coast of Ecuador. Weather economist Sig Silber follows global weather patterns and reports on them every Monday at GEI News. In recent weeks he has given much attention to the El Nino outlook which has been fluctuating significantly week to week.

Follow up:

  • Yes, Theoclassical “Economists [are] Basically Immoral” (William K. Black, New Economic Perspectives) William K. Black contributes to GEI. This is a dissection of "theoclassical" economics by examination of false premises asserted as facts. Economics is in such a sad state at least partially because assumptions made at one point in history come to be treated as laws at a later time.


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