What We Read Today 24 November 2014

November 24th, 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.

  • FACT CHECK: Obama's Claims On Illegal Immigration (Alicia A. Caldwell, Associated Press, Business Insider) Obama's generalizations continue to be misleading as to specifics. He needs more analysts on his staff and fewer public relations people.

Follow up:

  • The Week That Shook the Fed (Gretchen Morgenstern, The New York Times) Morgenstern highlights two events from last week that have been very troubling for the Federal Reserve: Congressional hearings on quashing dissent within the Fed and an academic paper that accuses the Fed of partiality. The first of these saw a very uncomfortable New York Fed president, William Dudley answering questions about the ties between Goldman Sachs and its supposed regulator (the New York Fed) revealed by whistleblower Carmen Segarra. See GEI News today for the latest on this. The second is a paper by University of Texas Austin professor Henry Hu which details how the Federal Reserve operates to preserve the well-being of member banks and not the goals of "investor protection and market efficiency". Prof. Hu says a "a conflict is emerging". Hu is referring to disclosure conflicts between the SEC and the Fed, as well as Fed internal conflicts of interest between carrying out congressional mandates on employment and inflation vs. protecting the member banks. (Econintersect: Well, duh!!!) See Disclosure Universes and Modes of Information: Banks, Innovation, and Divergent Regulatory Quests (Henry Hu, Yale Journal on Regulation).
  • Articles about events, conflicts and disease around the world

Ferguson

“Down Outright MurderR”: A Complete Guide to the Shooting of Michael Brown by Darren Wilson (The Intercept)

Ferguson in Context on the Eve of the Grand Jury Decsion (Naked Capitalism)

Court: Judge hasn't agreed to release Ferguson grand jury evidence if no indictment (St. Louis Post Dispatch)

Ebola

Report: New York City awarded Ebola clean-up contract to con man (Fox News)

U.S. looking past Ebola to prepare for next outbreak (R&D)

Ivory Coast

The cocoa crisis: why the world’s stash of chocolate is melting away (The Guardian)

Middle East

Five Bedrock Washington Assumptions That Perpetuate Our Middle East Policy Train Wreck (Naked Capitalism)

Rand Paul Declares War on ISIS—and Allows Boots on the Ground (The Daily Beast)

Iraq

What's Wrong With This Picture? For U.S. Fight Against ISIS, Everything (Huffington Post)

Ukraine

Away from the front line, Ukraine protest sparked civic revolution (The Conversation)

Russia

Is Vladimir Putin pushing for conflict? (The Daily Journalist) Steven Hansen is 1 of 12 panelists.

Finland

Finland feeling vulnerable amid Russian provocations (The Washington Post)

Afghanistan

Suicide bomber kills 45 at Afghanistan volleyball game (CNN)



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