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What We Read Today 24 February 2017

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.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).

BECOME A GEI MEMBER - IT's FREE!

Every day most of this column ("What We Read Today") is available only to GEI members.

To become a GEI Member simply subscribe to our FREE daily newsletter.

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My Cat Is My Valentine - Furball Fables

Do you have a special someone, many a few? A Furry Valentine? Happy Valentine's day to those of you who love a cat! Anyone who loves cats will truly appreciate this video. I hope you and your Valentine had a happy and wonderful day celebrating love for each other.

17 February 2017: ECRI's WLI Growth Index Again Moderately Declines

ECRI's WLI Growth Index which forecasts economic growth six months forward remains in positive territory for the 48th week - after spending the previous 35 consecutive weeks in negative territory. This is compared to RecessionAlerts similar weekly leading index.

Read more ...



Final February 2017 Michigan Consumer Sentiment Inches Up. Better Than Forecast

by Doug Short / Jill Mislinski, Advisor Perspectives/dshort.com

The University of Michigan Final Consumer Sentiment for February came in at 96.3, down from the January Final reading of 98.5. Investing.com had forecast 96.0.

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January 2017 Headline New Home Sales Significantly Improve But Below Expectations

Written by John Lounsbury and Steven Hansen

The headlines say new home sales significantly improved. The median sales price for homes marginally improved. But the rolling averages declined and the improvement was below market expectaions.

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Why The Proposed Border Tax Adjustment Is Unlikely To Promote U.S. Exports

from Liberty Street Economics

-- this post authored by Mary Amiti, Oleg Itskhoki, Jozef Konings

There has been much debate about the proposed border tax adjustment, in which U.S. firms would pay a 20 percent tax on all imported inputs and be exempt from paying taxes on export revenue. The view among many economists, including proponents of the plan, is that the U.S. dollar would appreciate by the full amount of the tax and thus completely offset any relative price effects.

Read more ...



Rail Week Ending 18 February 2017: Improvement Continues

Week 7 of 2017 shows same week total rail traffic (from same week one year ago) improved according to the Association of American Railroads (AAR) traffic data.

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Infographic Of The Day: Cannabis Law: The Past, Present And Future

Cannabis, or marijuana opinion has been shifting sharply this last decade, so much so the plant has been completely legalized in three states.

Read more ...



Early Headlines: Asia Stocks, Dollar And Oil All Slip. Gold Steady, US Oil Exports Surge, Trump Backs Priv. Prisons, WH Hints Pot Crackdown, London Home Prices Slow, Trump Policies Will Help China And More

Written by Econintersect

Early Bird Headlines 24 February 2017

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.

early-bird-301-180

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When Evidence Says No, But Doctors Say Yes

Special Report from ProPublica

-- this post authored by David Epstein

Years after research contradicts common practices, patients continue to demand them and doctors continue to deliver. The result is an epidemic of unnecessary and unhelpful treatment.

This story was co-published with The Atlantic.

Read more ...



Pacific Rim States Affected By Trump's War On Free Trade

from Statista.com

-- this post authored by Dyfed Loesche

U.S. President Donald Trump has taken a clear stance on free trade agreements like the Trans-Pacific Partnership (TPP) and the North American Free Trade Agreement.

Read more ...



Real Paleo Diet: Early Hominids Ate Just About Everything

from The Conversation

-- this post authored by Ken Sayers, Georgia State University

Reconstructions of human evolution are prone to simple, overly-tidy scenarios. Our ancestors, for example, stood on two legs to look over tall grass, or began to speak because, well, they finally had something to say. Like much of our understanding of early hominid behavior, the imagined diet of our ancestors has also been over-simplified.

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Amazon's Global Workforce Is Growing Rapidly

from Statista.com

-- this post authored by Felix Richter

Earlier this year, Amazon announced its plans to create 100,000 additional full-time jobs in the United States by mid-2018.

Read more ...



What We Read Today 23 February 2017

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.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).

BECOME A GEI MEMBER - IT's FREE!

Every day most of this column ("What We Read Today") is available only to GEI members.

To become a GEI Member simply subscribe to our FREE daily newsletter.

Read more ...



February 2017 Kansas City Fed Manufacturing At Highest Level Since June 2011

Of the three regional manufacturing surveys released for February, all are in expansion..

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Lost In The Sixties-The Winds Of Change

Back to the turbulent Sixties. Experience the historical events, the pop culture & icons. A decade of change for America. This decade was marked by war and social unrest that many people wouldn't care to experience again. One thing that has lasted that many people enjoy is the music as Rock and Roll proved to be more than just a fad.

January 2017 CFNAI Super Index Moving Average Statistically Unchanged

Written by Steven Hansen

The economy's growth was statisically unchanged based on the Chicago Fed National Activity Index (CFNAI) 3 month moving (3MA) average - but remains marginally below the historical trend rate of growth (but well above levels associated with recessions). If one views the single month index to grasp what is going on - it declined.

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18 February 2017 Initial Unemployment Claims Rolling Average Insignificantly Improves

The market expectations for weekly initial unemployment claims (from Bloomberg / Econoday) were 240 K to 250 K (consensus 244,000), and the Department of Labor reported 244,000 new claims. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 245,000 (reported last week as 245,250) to 241,000. The rolling averages generally have been equal to or under 300,000 since August 2014.

Read more ...



Jihadism: An Eerily Familiar Threat

from STRATFOR

-- this post authored by Scott Stewart

As part of my day-to-day job, I read a lot of news reports, books and scholarly studies. Though the never-ending avalanche of information sometimes feels like a mild version of electronic waterboarding, it also allows me to pick out interesting parallels between different events.

Read more ...



Dynamic Stochastic General Equilibrium Forecast For February 2017

from Liberty Street Economics

-- this post authored by Marco Del Negro, Marc Giannoni, Abhi Gupta, Pearl Li, and Erica Moszkowski

This post presents the latest update of the economic forecasts generated by the Federal Reserve Bank of New York's (FRBNY) dynamic stochastic general equilibrium (DSGE) model. We introduced this model in a series of blog posts in September 2014 and published forecasts twice a year thereafter. With this post, we move to a quarterly release schedule, and highlight how our forecasts have changed since November 2016.

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Infographic Of The Day: Guide To Tipping

Sometimes there is confusion about if or how much one should tip for good service.

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Early Headlines: Asia Stocks Mostly Down, Oil Up, Dollar And Gold Steady, Extreme Arctic Warmth, Town Halls, More Water In Calif, UK Bogus Green Power, Mosul Airport Attacked And More

Written by Econintersect

Early Bird Headlines 23 February 2017

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.

early-bird-301-180

Read more ...



Documentary Of The Week: The History Of Humanity

Written by John Lounsbury

Econintersect: This 19-minute video scans through the global map as defined by human civilizations from their earliest emergence 200,000 years ago.

machiavelli.300x240

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Animals Know When They Are Being Treated Unfairly And They Don't Like It

from The Conversation

-- this post authored by Claudia Wascher, Anglia Ruskin University

Humans beings appear to be hardwired to have a sense of fairness. This is puzzling from an evolutionary perspective, which you would have thought would mean we were predisposed to seek advantage for ourselves and our families wherever possible. But in fact a sense of fairness is important for humans to be able to help each other. Human cooperation is based on reciprocal altruism - we help people because they've either helped us in the past or they may help us in the future.

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What Americans Associate Most With Super Bowl Ads

from Statista.com

-- this post authored by Niall McCarthy

In 2016, around 112 million Americans watched the Super Bowl on television, with many of them eagerly anticipating the commercials as well as the on-field action.

Read more ...



Ranking The US's Presidents Isn't Just A Game For Americans

from The Conversation

-- this post authored by Michael Patrick Cullinane, Northumbria University, Newcastle; Iwan Morgan, UCL, and J Simon Rofe, SOAS, University of London

Of all the US's public holidays, Presidents' Day is perhaps the least faithfully observed. Countless sales events far outnumber parades or fireworks displays, and most Americans spend it shopping for discounted appliances or visiting car dealerships draped in red, white, and blue bunting. So, why no celebrations?

Read more ...



Canada's Best Employers 2017

from Statista.com

-- this post authored by Felix Richter

Which Canadian employers have the very best reputation among their workers?

Read more ...



What We Read Today 22 February 2017

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.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).

BECOME A GEI MEMBER - IT's FREE!

Every day most of this column ("What We Read Today") is available only to GEI members.

To become a GEI Member simply subscribe to our FREE daily newsletter.

Read more ...



01 February 2017 FOMC Meeting Minutes: Little Seems to Have Changed Since the Previous Meeting

Fed-sealSMALLThe 01 February 2017 meeting statement presented the actions taken. This post covers the economic discussion during this FOMC meeting between the members (minutes were released today). There was considerable discussion on when to raise the federal funds rate again:

... it might be appropriate to raise the federal funds rate again fairly soon if incoming information on the labor market and inflation was in line with or stronger than their current expectations or if the risks of overshooting the Committee's maximum-employment and inflation objectives increased .....

Read more ...



An Inside Look At Doomsday Bunker Homes With A Price Tag Of 2 Million

In the middle of rural Kansas, armed security patrol the entrance to a doomsday bunker that's reserved for the wealthy elite and sales are booming. Inside Edition headed deep below the surface of the Earth and into an underground bunker like no other. Larry Hall, the owner of the Survival Condo Project says, "Since the election of Donald Trump we have seen a whole new demographic of people calling in. People we didn't know they existed before."

January 2017 Headline Existing Home Sales Surprisingly Good

Written by Steven Hansen

The headlines for existing home sales smartly improved saying "January's sales gain signals resilience among consumers even in a rising interest rate environment". Our analysis of the unadjusted data agrees.

Read more ...



China Moves To Put North Korea In Its Place

from STRATFOR

-- this post authored by Rodger Baker

In response to North Korea's latest missile test, and perhaps to the apparent assassination of Kim Jong Nam, the half brother of North Korean leader Kim Jong Un, China has declared it will cease coal imports from North Korea for the entirety of the year. Beijing's threat to North Korea could significantly impact Pyongyang's finances, already stretched as the North continually seeks ways around international sanctions.

Read more ...



Trucking Data Improves In January 2017

Written by Steven Hansen

Truck shipments improved in January. Trucking data, like rail, may saying the worst is over.

Read more ...



February 2017 Chemical Activity Barometer Has Strong Gain

from the American Chemistry Council

The Chemical Activity Barometer (CAB) posted a strong gain in February of 0.4 percent, following a similar 0.4 percent gain in January. This follows a steady 0.3 percent gain every month during the third quarter of 2016.

Read more ...



Infographic Of The Day: 2017's Top New Year's Resolutions

The top New Year resolutions for 2017 are dieting, exercising more, losing weight, saving more money, learning new skills, quitting smoking, reading more, finding another job, drinking less and spending more time with loved ones.

Read more ...



Early Headlines: Asia Stocks And Dollar Up, Oil And Gold Steady, Nat Gas Plunges, Fed's Williams Says Low Rates Will Last, Steep UK Brexit Bill, Greek Poverty, China Stocks Look Up? And More

Written by Econintersect

Early Bird Headlines 22 February 2017

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.

early-bird-301-180

Read more ...



Climate of the Southwest

Written by Sig Silber

As Presented at the Fourth Santa Fe Conference on Global and Regional Climate Change February 5-10, 2017 Santa Fe, New Mexico

The Title of the Presentation was: "Identified and Suspected Factors That Might Influence Southwest Climate". This article contains the slides I used and more or less the comments that I made with each slide.

Read more ...



Did the Romans Create both Christianity and Islam?

Written by Frank Li

Yes, very likely! The Romans had very likely created not only Christianity, as we know it today, but also Islam, the original version!

Given today's world full of religious conflicts, it's appropriate for all of us to truly understand the origins of these two important religions, for mutual respect and peace, if nothing else.

Read more ...



The Psychology Behind Trump's Awkward Handshake ... And How To Beat Him At His Own Game

from The Conversation

-- this post authored by Geoff Beattie, Edge Hill University

Handshakes are meant to be relatively simple affairs, at least in terms of their signalling function. "Shake hands on it," we are told. "Shake and make up." They have been used as a civilised greeting for at least 2,500 years. But Donald Trump is now in the process of redefining the handshake, transforming it into the opening salvo in a battle for supremacy.

Read more ...



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My Cat Is My Valentine - Furball Fables
17 February 2017: ECRI's WLI Growth Index Again Moderately Declines
Final February 2017 Michigan Consumer Sentiment Inches Up. Better Than Forecast
January 2017 Headline New Home Sales Significantly Improve But Below Expectations
Why The Proposed Border Tax Adjustment Is Unlikely To Promote U.S. Exports
Rail Week Ending 18 February 2017: Improvement Continues
Infographic Of The Day: Cannabis Law: The Past, Present And Future
Early Headlines: Asia Stocks, Dollar And Oil All Slip. Gold Steady, US Oil Exports Surge, Trump Backs Priv. Prisons, WH Hints Pot Crackdown, London Home Prices Slow, Trump Policies Will Help China And More
When Evidence Says No, But Doctors Say Yes
Pacific Rim States Affected By Trump's War On Free Trade
Real Paleo Diet: Early Hominids Ate Just About Everything
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