What We Read Today 02 October 2014

October 2nd, 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.

Follow up:

  • France Produces ‘No Austerity’ Budget, Defying E.U. Rules (Liz Alderman, The New York Times) France says it will take longer than previously promised to reduce its fiscal deficit to the EU treaty guidelines. But the French budget still is making cuts (just smaller than needed to satisfy the deficit rules more quickly) and critics of the current government say it is still an austerity plan. The French budget is projected by the government to remain above the 3% deficit limit until 2017. But a problem with these projections is that growth often has been less than projected in eurozone countries undertaking spending reductions and so tax revenues fail to grow as anticipated, obviating the deficit reduction. There is something about a spiral in this story.
  • Retirees, You CAN Count On Dividend Stocks To Deliver From Here (Regarded Solutions, Seeking Alpha) The author argues for buy-and-hold dividend paying stocks. Stocks qualify for his "system" if they have not cut dividends. Those stocks that cut dividends qualify again once they raise their dividend subsequently.


  • Drying of the Aral Sea: Timelapse (EarthOutreach, YouTube) Learn how the fourth largest lake (surface area) in the world in 1960 has almost disappeared in just 50 years.

  • Recent article about Scotland Independence and Other Movements

Scotland votes 'No': Result in Highlands and Islands (BBC News)

Scuffles as Catalonia erupts in protests over Nov. 9 referendum ban (PHOTOS) (RT)

  • Articles about conflicts elsewhere in the world:

Nigeria's military claims success against Boko Haram (Yahoo! News)

Double bombing kills at least 41 children at school in Syria (abc.net.au)

US Averts 'Active Plotting Against Homeland' By Hitting Al Qaeda Cell Khorasan in Syria (abc News)

More US raids as ISIL advances in Syria (Al Jazeera)

The Khorasan Group Does Not Exist: How We're Being Had Again By the Obama Administration (Fox News)

Islamic State crisis: Abadi opposes Arab strikes in Iraq (BBC News)

Ukraine rebels renew push to take Donetsk airport (BBC News)

Ukraine crisis: Shell kills four at Donetsk school (BBC News)

Lithuania’s president: ‘Russia is terrorizing its neighbors and using terrorist methods’ (The New York Times) Hat tip to Roger Erickson.

Russian budget: Is Putin facing reality? (CNBC)

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