What We Read Today 27 October 2014

October 27th, 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.

  • Leftist Rousseff narrowly wins second term in Brazil (Brian Winter and Alonso Soto, Reuters) Brazil's president narrowly defeated (51.6% to 48.4%) centrist candidate Aecio Neves Sunday, 26 October. She won despite a severe economic slowdown during her first term by arguing that over the last 12 years her party had lifted 40 million Brazilians out of poverty, according to Reuters.

Follow up:

  • Twenty-five European banks fail stress test (Al Jazeera) The European Central Bank (ECB) has found that 25 out of 130 banks have failed to pass the stress tests for the current year. The 25 were found to need €25 billion ($31.5 billion) to "heal" their balance sheets. Of the total 12 have already made up their shortfall since the preliminary results were revealed to the banks and 13 are still deficient by a total of €12.5 billion ($15.7 billion). Econintersect finds the results quite marvelous, unless they happen to be too good to be true. When reading the words, what we notice is the word "confidence". We do see the word "sound". In 2010 and 2011 the EU carried out stress tests which passed banks that afterwards needed to be bailed out. Perhaps the ECB can do better?
  • This Comet Stinks (Jessica Orwig, Business Insider) The University of Bern has been sampling with a mass spectrometer the fumes surrounding comet Churyumov-Gerasimenko. The comet, which is scheduled to receive a landing craft from the European Space Agency Rosetta spacecraft next month, has had the space craft orbiting it for several months - and sampling its "bad breath". The fact that the icy exterior of the comet, which is outgassing as it speeds toward the sun, contains a rich mixture of carbon and sulfur compounds that are some of the building block chemicals for life, is very important information for scientists. These first in situ samples of a comet's outgassing "atmosphere" will be compared to data obtained from other comets by remote sensing techniques. Two days ago other spacecraft reported that the Comet Siding Spring Was Bleeding Hydrogen As It Sped By Mars (Elizabeth Howell, Universe Today). See also the media release from the University of Bern: The Perfume of a Comet (Prof. Kathrin Altwegg)

  • Articles about conflicts and disease around the world


NYC Ebola Patient Craig Spencer's Symptoms Worsen During 'More Serious' Phase (International Business Times)

Cuomo: Health workers in contact with Ebola patients to be confined to homes (Reuters) Video and transcript.

New York revises controversial policy on Ebola quarantines amid pressure (The New York Times)

U.S. Ebola fighters head to Africa, but will the military and civilian effort be enough? (The Washington Post)


More heavy fighting in Libya's Benghazi, death toll rises to 130 (Reuters)



Kurds 'repulse ISIL push' in Syria's Kobane (Al Jazeera)


Daily Life in the Shadow of ISIS (The Atlantic)

After victory in key Iraqi town, time for revenge (Reuters)


Pro-Europe parties on track for big election win in Ukraine, partial count shows (Reuters)

Surprises as Ukraine’s political map changes (euronews.com)

Ukraine's Election a Success, Despite Difficult Circumstances (Market Wired)


Wake Up, Europe (George Soros, The New York Review of Books)

Hong Kong

Hong Kong Protests 2014: Anti-Occupy Protesters Clash With Local Journalists (International Business Times)

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