What We Read Today 14 July 2014

July 14th, 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:

  • WTI Crude Oil Heading Below $100 (Barry Norman, FX Empire) The U.S. has a glut of oil and gas and even the threat of Middle East chaos can't keep the price of crude up. Now if the U.S. only had the refinery capacity to handle all the crude the price of gasoline would go much lower.
  • Budget has brought in tax policies: Finance Ministry (The Hindu) The Modi government is clarifying the tax code and reducing taxes. The budget is predicted "to bring the growth impulses back into the economy" and to do so "amidst fiscal restraints" which are expected to limit the deficit to 4.1% of GDP.
  • If Iraq must be divided, here’s the right way to do it (Michael O'Hanlon and Edward P. Joseph, Reuters) The authors argue that a federalism arrangement makes the most sense, but if harder partitioning is done there must still be some consideration of oil revenue sharing because "Sunnistan" would be resource deficient.
  • Comments tell us much about America, its peril and hope (Fabius Maximus) Fabius Maximus has contributed to GEI. This is a very worthwhile compendium of articles on the FM site with interesting comments. The graphic indicates a seemingly very pessimistic view of the quality of comments overall (the little triangle in the center indicates that only 1-2% of those leaving comments are both thoughtful and readers of the entire article). But Econintersect has observed some comment threads where 1-2% might actually be a quantity significantly too high and time spent there is largely wasted. Every once in a while we have followed a comment stream where the triangle is expanded, even well into double digits. Those are places where one's time is very well spent.


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