Early Headlines: Afghanistan Civil Rights, China Cuts Interest Rates Again, White Appreciation Day in Colorado, Japan Mega Quake Warning and More

May 11th, 2015
in News, econ_news, syndication

Early Bird Headlines 11 May 2015

Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.


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Europe's migration crisis exposes a fundamental flaw, if not towering hypocrisy, in the ongoing debate about economic inequality. Wouldn't a true progressive support equal opportunity for all people on the planet, rather than just for those of us lucky enough to have been born and raised in rich countries? But the rhetoric of the inequality debate in rich countries betrays a moral certitude that conveniently ignores the billions of people elsewhere who are far worse off.
[T]he rhetoric of the inequality debate in rich countries betrays a moral certitude that conveniently ignores the billions of people elsewhere who are far worse off.
When one weights all of the world's citizens equally, things look very different. In particular, the same forces of globalization that have contributed to stagnant middle-class wages in rich countries have lifted hundreds of millions of people out of poverty elsewhere.





  • Shock Result Sets Up Tight Polish Presidential Runoff Ballot (Bloomberg) President Bronislaw Komorowski's support has melted from more than 60% three months ago to 33.1% in Sunday's vote, slipping behind opposition candidate Andrzej Duda, who got 34.5%, according to the latest Ipsos exit poll. They will face each other in a May 24 runoff.


  • China cuts interest rates for third time in six months as economy sputters (Reuters) China cut interest rates for the third time in six months on Sunday in a bid to lower companies' borrowing costs and stoke a sputtering economy that is headed for its worst year in a quarter of a century. Analysts welcomed the widely-expected move, but predicted policymakers would relax reserve requirements and cut rates again in the coming months to counter the headwinds facing the world's second-largest economy.
  • China Inflation Misses Estimates, Providing Room for Easing (Bloomberg, Yahoo.com) Global inflation woes hit China. Wholesale prices approach three years in deflation and inflation is at 1.5% vs, target of 3.0%.



  • Afghan clerics uneasy as civil rights movement gains momentum (Reuters) Powerful religious leaders in Afghanistan are growing uneasy about the challenge to their authority posed by rare civil rights protests led by women in Kabul and widespread anger over the lynching of a young woman wrongly accused of burning a Koran.


  • They Built A Capital And No One Came: Inside Burma’s Ghost City (The Daily Beast) Naypyidaw, the mysterious Burmese Oz, built under complete secrecy by the government and was, in 2005, declared the country's official capital city despite its remote location and complete lack of inhabitants. The city, supposedly six times larger than New York City, was completely desolate when the author visited in 2005. Not a person and barely another car took advantage of the brightly lit super-highway cutting through it. Now, nine years later, the Burmese government claims that 1 million people live in Naypyidaw, but when The Guardian visited in March, the only pedestrians were street cleaners polishing the litter-less sidewalks.




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