What We Read Today 21 November 2014

November 21st, 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:

The actions I’m taking are not only lawful, they’re the kinds of actions taken by every single Republican president and every Democratic president for the past half-century,” Mr. Obama said. “To those members of Congress who question my authority to make our immigration system work better, or question the wisdom of me acting where Congress has failed, I have one answer: Pass a bill.”
  • Obamacare Sign-Ups Were Inflated With Dental Plans (Alex Wayne, Bloomberg) When 380,000 dental subscribers are backed out of the Obamacare total for 2014 (as of 14 October) the revised enrollment is 6.7 million. The erroneous inclusion of dental plans was discovered by Republican investigators for the House Oversight and Government Reform Committee, using data they obtained from the U.S. Centers for Medicare and Medicaid Services.


The following graph was also presented to support the argument that accelerating global warming is not occurring, inferring that the interpretation of the data through 2006 was incorrect:


These authors are not recognizing an obvious pattern in the data (or they do see it but hope that their audience will not?). Econintersect has added additional lines to the IPCC graph above (extending trend lines to 2014 for data not shown since 2006).


And one more pattern not acknowledged by these incomplete examinations of the data:


Instead of the unsupportable contention that the current pause (or down zag) disproves the IPCC finding that global warming is occurring and accelerating, the correct questions would center on why the progression of the trend is happening in fits and spurts. The accumulation of greenhouse gases is a much smoother progression than the observed temperature response. See next two articles. What are the other interactions that modulate the effects of the greenhouse gases if they are behaving as postulated and as data over the past couple of centuries indicates? It is very correct to ask questions, but some questions lead to a progression of knowledge while others can lead to an inculcation of ignorance among the intellectually lazy.

For climate and weather news every week follow climate-economist Sig Silber at GEI News.


  • Articles about events, conflicts and disease around the world


New York, Missouri patients test negative for Ebola virus (Reuters, Yahoo! News)

New Ebola Vaccine Trial Starts in Baltimore (NBC News)

Ebola Makes an Appearance in the Fed’s October Minutes (The Wall Street Journal)


Why Greenland is a better template for Scotland than any of its neighbours (The Conversation)


US, Turkey Still Not in Sync on Syria (abc News)


RAF jets blast jihadis hiding in Iraq bunker: Tornado fighter bombers use 500lb laser guided bombs in precision airstrike (The Daily Mail)


Anger over Israel mayor's ban on Arab workers (Al Jazeera)


Exclusive: U.S. increasing non-lethal military aid to Ukraine (Reuters)

Russia warns US against supplying ‘lethal defensive aid’ to Ukraine (RT)


A wounded economy: It is closer to crisis than the West or Vladimir Putin realise (The Economist)

Hong Kong

Half of Occupy Central protesters ready to pack it in if asked by organisers (South China Morning Post)


Egypt Prosecutor Asks for Death Sentence for Morsi (abc News) Is this proper for the only freely elected president in the country's history?

There are 11 articles discussed today 'behind the wall'.

Do not miss "Other Economics and Business Items of Note", the final section every day.

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