What We Read Today 08 July 2014

July 8th, 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.

  • Independent Foreclosure Review (Federal Reserve Board, July 2014) The Federal Reserve Board has published a report regarding the Independent Foreclosure Review (IFR) and the Payment Agreement which required large mortgage servicers to provide approximately $10 billion in cash payments to eligible borrowers and other foreclosure prevention assistance.

Follow up:

Last week, for the first time in memory, the wholesale price of electricity in Queensland fell into negative territory - in the middle of the day. For several days the price, normally around $40-$50 a megawatt hour, hovered in and around zero. Prices were deflated throughout the week, largely because of the influence of one of the newest, biggest power stations in the state - rooftop solar.

china-sea-issues


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