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.
- Homeowners steamrolled as Florida courts clear foreclosure backlog (Alison Fitzgerald, The Center for Public Integrity) Hat tip to Michael W. Hudson. Florida rushes approximately 700 cases a day through its courts and has been doing it for four years.
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.
- 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)
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)
The Islamic State threat is overstated (The Washington Post)
The Partner Problem in Iraq and Syria (The Brookings Institute)
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)
There are 12 articles discussed today 'behind the wall'.
Do not miss "Other Economics and Business Items of Note", the final section every day.
Please support all that we do at Global Economic Intersection with a subscription to our premium content 'behind the wall'.
There are between 75 and 100 articles reviewed most weeks. That is in addition to the 140-160 articles of free content we provide.
You get a full year for only $25.
The rest of the post is for our premium content subscribers - Click here to continue reading. If you have forgotten your login or password - send an email to info at econintersect.com.