What We Read Today 26 October 2014

October 26th, 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.

  • The Canary in China's Central Bank (Daniel Altman, Foreign Policy) Prof. Altman suggests watching what happens with the the leadership of the Peoples' Bank of China (PBoC). Governor Zhou Xiaochuan has a term that runs until 2018 but he could be removed and replaced by Yi Gang, a U.S.-trained academic and internationally respected expert on capital markets and exchange rates.

Follow up:

Yi has run the State Administration of Foreign Exchange, the government's currency board, since 2009, and as such he has been at the vanguard of Zhou's agenda. But Altman says Yi is more cautious and if he were to replace Zhou it would represent a desire to go slower on reform. Zhou is outspoken in his support of moving to a freely floating currency and placing the renminbi along side the U.S. dollar and the euro as a widely used exchange currency. Such a situation would almost certainly lead to the renminbi appreciating significantly, diminishing China's competitive advantage in world trade while increasing domestic buying power and a more rapid increase in domestic consumption. China has the world's lowest consumption share of GDP and many have said the country needs to increase consumption to have a sustainable economy.

  • Highest Ice Age human settlements found in the Peruvian Andes (Amina Khan, Los Angeles Times) Archaeologists have found habitation sites as high as 14,698 feet (4,480 m.) above sea level that date to almost 13,000 years ago. These are the oldest habitations found above 4,000 m. by more than 1,000 years and were used only about 2,000 years after humans first arrived in South America. Scientists are changing their ideas about how early humans adapted and evolved to withstand harsh environments. Incidentally, humans live permanently at even higher elevations today. La Rinconanda, Peru sits at 16,700 feet (3.16 miles) above sea level.
  • Articles about conflicts and disease around the world

Ebola

Ebola infections cross the 10,000 mark, UN health agency says (Al Jazeera)

Ebola outbreak: US nurse criticizes quarantine treatment (BBC News)

Ebola protective suits being made in China (AFP, MSN News)

ER Doctor: What Scares Me Even More Than Ebola (LinkedIn)

Turkey

Iraqi Kurdish fighters expected to leave Turkey soon for defense of Kobane in Syria (The Washington Post)

Three Turkish soldiers shot dead in 'terrorist' attack (AFP, Yahoo! News)

Syria

Grateful for US strikes, Syrian Kurds name baby 'Obama' (AFP, MSN News)

Fourth Portsmouth man Mehdi Hassan killed in Syria (BBC News)

Iraq

Islamic State militants allegedly used chlorine gas against Iraqi security forces (The Washington Post)

ISIS fight: Women battling militants on the front lines in Syria, Iraq (CBC News)

California Marine is first service member to die in Iraq on mission against Islamic State (Washington Post)

Ukraine

Ukraine crisis: Snap elections for parliament (BBC News)

Divided Ukraine votes for pro-Western future (AFP, Yahoo! News)

Russia

Russian clocks go back for last time (BBC News)

Russia Kasparov: 'Putin is a bigger threat than IS' (BBC News)

Egypt

Sisi says there was a "foreign support" in the Sinai attack (AFP, MSN News)


There are 13 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.

 









Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.















 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved