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.
- Jaitley Denounces Mindless Populism Ahead of India Budget (Siddhartha Singh and Unni Krishnan, Bloomberg) The new budget, the first under Prime Minister Narendra Modi, may see cutbacks in food, fuel and fertilizer subsidies to the poor and an increase capital spending on infrastructure.
- Finance ministry looking at public banks' consolidation (Vrishti Beniwal, Business Standard) As India moves toward a stronger private banking sector, public banks will be consolidated. Officials say impact on employment should be minimal because of a high number of retirements scheduled over the next few years.
- Facebook: Its Viral Spread Is About To Reach The Rest Of The Internet (Jeffrey Himelson, Seeking Alpha) Mark Zuckerberg's dream of making ads truly enjoyable came a step closer with the acquisition of LiveRail, a 127 person advertizing publisher which specializes in custom-fitted video presentations. Facebook will integrate this technology with user relevancy to create highly personalized ad exposures.
- Google Is About To Take Over Your Whole Life, And You Won't Even Notice (Mark Wilson, Fast Company) Not to be outdone by Facebook, Google wants to integrate itself into your life beyond the level of simple advertising messages. Of course they will also be selling things but the focus will be on giving "people choice in how they spend their time". The company sees it's mission to "give back time" to users.
- It’s official. America is a right-wing, male, Christian country, and “freedom” means captivity (Rodger Malcolm Mitchell, Monetary Sovereignty) Rodger Malcolm Mitchell has contributed to GEI.
Just when I thought the Supreme Court justices couldn't possibly become more right-wing corporate, they outdo themselves.
You probably thought "a wall" separates our government from religion, so that all religions would be treated equally.
You were wrong.
You probably thought everyone, no matter what their religious beliefs, had to obey the law.
You were wrong.
- Obama government shrinking after period of rapid growth (Josh Hicks, The Washington Post) At the end of 2013 the number of federal employees was 10% larger than at the end of 2008, but 1%smaller than at the end of 2011.
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