Early Headlines: Big Bank Felons, US in South China Sea, Greater Unification in Europe, China Slowing and More

May 15th, 2015
in News, econ_news, syndication

Early Bird Headlines 15 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.


Follow up:



"... mindful that too harsh a penalty could imperil banks that are at the heart of the global economy, a balancing act that could produce pleas that are more symbolic than sweeping."

Econintersect: Continuing with the organized crime analogy with have mentioned before, this seems like the mob paying off the criminal justice system so the mob bosses can go free.


  • Is the Push for Greater European Integration a Mistake? (Naked Capitalism) The resistance of the people to more sovereignty weakening and EU strengthening opposed by the extreme economic pain and dislocation should the eurozone be disbanded mean a middle ground will eventually prevail. And that can only happen if a large amount of the Greek debt is written off. Part of this post appeared previously at Bruegel: Europe’s Integration Overdrive.


  • Boiler Rooms Meet Boardrooms as Scammers Invade City of London (Bloomberg) Cold-calling con artists promising outsized returns are jumping on a surge in the availability of serviced offices at prestigious locations to give their operations an air of respectability. They collect a few million from unsuspecting targets and then disappear.



  • Rage Against the State: Discontent Grows in Vietnam (Bloomberg) Vietnam's state-owned enterprises were once its biggest employers, the largest revenue earners, the main growth drivers. Now, in criticism rarely seen since Ho Chi Minh's Communists unified the nation 40 years ago, their dominance in the economy is being debated.



  • Indonesian fishermen tow migrant boat to Aceh (BBC News) More than 600 migrants from Bangladesh and Myanmar stranded at sea have landed in Indonesia's Aceh province, after being rescued by local fishing boats. Thousands remain at sea as surrounding countries are refusing landing access.




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