Want to Feed the World? Tackle Pollution from Ozone and Soot

November 15th, 2014
in econ_news

by Zongbo Shi, The Conversation

Researchers have long known that man-made climate change will harm yields of important crops, possibly causing problems for the world’s food security. But new research shows air pollution doesn’t just harm crops indirectly through climate change; it seems to harm them directly.

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Americans' Trust in Congress Is Waning

November 15th, 2014
in News, econ_news, syndication

from Felix Richter, Statista.com
by Niall McCarthy

Which institutions do Americans trust least in 2014?


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What We Read Today 15 November 2014

November 15th, 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.

  • Philae comet lander sends more data before losing power (Jonathan Amos, BBC News) Researchers are thrilled with the comprehensive data returned from comet 67P, but they are going to have to be content with that for a while. The initial 64 hours of battery operation have been consumed and the lander has now"gone to sleep" until enough sunlight has reached its solar panels to recharge the spent batteries. The lander ended up in a mostly shaded location so the wait for recharging will take much longer than planned.

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0.7% Of The World's Population Control 41% Of Its Wealth

November 15th, 2014
in News, econ_news, syndication

from Felix Richter, Statista.com
by Niall McCarthy

Financial inequality is steadily rising alongside global wealth, which reached a grand total of $263 trillion in 2014.

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Historical Echoes: Personal Effects

November 15th, 2014
in econ_news

by Amy Farber- Liberty Street Economics, Federal Reserve Bank of New York

Does the Federal Reserve or the government care about pocketbooks? Not literally pocketbooks (except perhaps for the role of handbag manufacturing in the economy). But yes, if "pocketbook" is meant to refer to the spending capacity of the country’s citizens. It is easy to find phrases like this opening statement in the Federal Reserve Bank of Richmond Monthly Review for October 1968: "In 1967, the consumer emptied his pocketbook of more than $492 billion on various goods and services."

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