What We Read Today 14 September 2014

September 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 (and sometimes longer ones) 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.

  • Wall Street's teetering new rental empire (Rebecca Burns, Al Jazeera) According to Rebecca Burns the rise of rent-backed securities ensures we'll have another crash. In just nine months since the first security was offered the issuance of RBS (rental backed securities) has swelled to more than $3 billion and is headed to more than $1 trillion within six years. With huge demand from yield-chasing investors abuses similar to MBS (mortgage backed securities) are sure to follow.

Follow up:

Homeowners and the lawyers that advocate for them say they aren't getting a fair hearing in a legal system tilted toward banks from start to finish.

"They just slam the defendants," said Margery Golant, a lawyer in Palm Beach and Broward counties. "They deny them their rights, have hearings in absentia and just flush them down the garbage disposal."

  • At Home in a Crowd (Alex Tribou, Bloomberg) Now there are 28 urban centers with populations larger than 10 million. In 15 years there will be 40.

Click for large image at Bloomberg.com.

  • Recent articles about Scotland Independence Vote :

Is Scotland Big Enough To Go it Alone? (Peter St. Onge, Mises.org) Hat tip to Mark Thornton.

With Scottish Independence Vote, Uncertainty Abounds (Financial Planning)

  • Articles about wars elsewhere in the world:

The Dogs of Hell: An Original Jihadi Trashes ISIS (The Polemicist) Hat tip to Roger Erickson.

MORICI: Broad changes in global economy needed to defeat global terrorism (The Washington Times)

200 Boko Haram Militants, Including Senior Commander, Killed In Clashes (International Business Times)

Homemade Tank Powered by Game Boy Fights Wars of Future (Bloomberg)

The falsehoods in President Obama's speech on the Islamic State (Mark LeVine, Al Jazeera)

Struggling to Starve ISIS of Oil Revenue, U.S. Seeks Assistance From Turkey (The New York Times)

Overcoming ISIS: Transcending Sectarian Rivalries (Laurelle Atkinson, Worldpress.org)

Islamic State's Twitter silence raises questions (Reuters)

The Islamic State threat is overstated (The Washington Post)

The Partner Problem in Iraq and Syria (The Brookings Institute)

Ukraine PM accuses Russia of wanting to 'restore the Soviet Union' (Al Jazeera)

Parallels to 1937 (Robert Shiller, Project Syndicate)

Exxon Riles U.S., EU by Using Sanctions Loophole (Bloomberg) Hat tip to Roger Erickson.

Ukraine, rebels exchange prisoners in peace deal (Al Jazeera)

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