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Apple's Strength Is In Value Not In Volume

from Statista.com

-- this post authored by Felix Richter

Have you ever wondered how Apple could become the world's most valuable company?

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Most Read Articles Last Week Ending 27 May

Written by Econintersect

Econintersect: Google Analytics has given GEI page read counts for each of the 258 most read articles on Global Economic Intersection for the week 21 May through 27 May, inclusive. The top ten are listed after the Read more >>jump.

home.page

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Vacation Time

Written by Econintersect

Due to multiple staff vacations this week there may be intermittent publications or What We Read Today, Early Bird Headlines, and Market Close articles.

woods.trail

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Music Streaming Is Now 'Too Big To Fail'

from Statista.com

-- this post authored by Felix Richter

After months of negotiations, the world's largest music streaming service and the world's largest record label have agreed on a new licensing deal.

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Did Humans Evolve In Europe Rather Than Africa? We Don't Have The Answer Just Yet

from The Conversation

-- this post authored by Darren Curnoe, University of New South Wales

Charles Darwin believed that humans evolved in Africa, because that's where our closest ape relatives the chimpanzees and gorillas live. And during the twentieth century he was vindicated through a combination of fossil and genetic discoveries.

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People Working For Ford Worldwide

from Statista.com

-- this post authored by Dyfed Loesche

American automobile manufacturer Ford is looking to shed jobs.

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What We Read Today 28 May 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 ...



Benny The Bull Kiss Cam Steals Celtic's Fan Girlfriend

Benny the Bull Kiss Cam at the Chicago Bulls vs. Boston Celtics game where Benny the Bull swooped in and stole the Celtic's fan's girlfriend after he was on the phone and didn't realize they were on the kiss cam! The idea is that couples images are displayed on the big screen over the basketball court and if your image is shown you should kiss your partner. That's the theory. Watch till the end

International Inflation Cycles Sync Up

from Lakshman Achuthan, Co-Founder and Chief Operations Officer of ECRI

We recently introduced the International Long Leading Future Inflation Gauge (ILLFIG), designed to be a long leading indicator of the international inflation cycle, which is a relatively new feature of the international economy. The ILLFIG leads the international inflation cycle by a little over half a year, on average, and is used in sequence with the 11-Country Future Inflation Gauge.

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Hard Data, Soft Data And Forecasting

from the St Louis Fed

People frequently scour economic data for clues about the direction of the economy. But could the many types of data cause confusion on what exactly the state of the economy is? A recent Economic Synopses essay examined some of this potential confusion.

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Chart Of The Week: Central And Eastern Europe Close The Gap

from the International Monetary Fund

Most of the countries of Central, Eastern, and Southeastern Europe will see their economies humming away at a strong growth rate in 2017. A measure of their success at fully utilizing their economic machine is the output gap - the difference between what the economy is currently producing, and what it can produce when it is at full capacity.

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The Value Of Loyal Customers

from the Philadelphia Fed

-- this post authored by Leena Rudanko

Is there a rational reason that stock prices in some industries greatly exceed book values? The answer may lie in the idea that customers are capital.

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Household Borrowing In Historical Perspective

from Liberty Street Economics

-- this post authored by Andrew Haughwout, Donghoon Lee, Joelle Scally, and Wilbert van der Klaauw

The New York Fed's Center for Microeconomic Data released its Quarterly Report on Household Debt and Credit for the first quarter of 2017. The report shows a rise in household debt balances in the quarter of $149 billion, the eleventh consecutive quarterly increase since the long period of deleveraging following the Great Recession. As of March 31, 2017, household debt balances stood at $12.73 trillion, surpassing the previous 2008 peak and hitting a level 14 percent above the trough seen in the second quarter of 2013.

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Infographic Of The Day: The Progress Of Facebook's 10-Year Masterplan

In the company's first 10 years, Mark Zuckerberg transformed Facebook from a college side-project into a multi-billion dollar platform. Today's infographic details Facebook's masterplan to potentially make the company a $1 trillion colossus. It's worth noting that Facebook is technically already about one year into the 10-year plan, and that the infographic has been updated to include the latest developments in the company as of 2017.

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Early Headlines: Bin Laden Son Emerges, Trump To Leave Paris Accord, Gov't Has Low Public Trust, May Lead Narrows, Final Mosul Push, Scheer Conserv. Pick In Canada, And More

Written by Econintersect

Early Bird Headlines 28 May 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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The First Results From The Juno Mission Are In - And They Already Challenge Our Understanding Of Jupiter

from The Conversation

-- this post authored by Leigh Fletcher, University of Leicester

Ten months after its nerve-wracking arrival at Jupiter, NASA's Juno mission has started to deliver - forcing scientists to reevaluate what they thought they knew about the giant planet. The first findings from Juno, published in Science, indicate that many aspects of Jupiter have defied expectation - including the strength of its magnetic field, the shape of its core, the distribution of ammonia gas and the weather at its poles. It certainly makes this an exciting time to be a Jupiter scientist.

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Countries Hit By U.S. Tomahawks Since Desert Storm

from Statista.com

-- this post authored by Niall McCarthy

In response to a suspected chemical weapons attack in the Syrian town of Khan Sheikhoun in April, the U.S. military carried out a cruise missile strike on an airbase in Homs Province.

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Large Study Uncovers Genes Linked To Intelligence

from The Conversation

-- this post authored by Raffaele Ferrari, University College London

Exactly what constitutes intelligence, and to what extent it is genetic, are some of the most controversial questions in science. But now a new study of nearly 80,000 people, published in Nature Genetics, has managed to identify a number of genes that seem to be involved in intelligence.

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China's Hunger For Cars

from Statista.com

-- this post authored by Dyfed Loesche

With soaring car sales in China in mind, U.S. President Donald Trump might want to sway his Chinese counterpart Xi Jinping to grant American manufacturers easy access to the Chinese market.

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What We Read Today 27 May 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 ...



How To Remain Anonymous While Using Bitcoin

Bitcoin is a cryptocurrency that can help protect your identity when making purchases online. But it's not foolproof. Kevin Mitnick, one of the world's most famous hackers and author of the book "The Art of Invisibility," offers some tips that will help you remain anonymous.

New Growth Rate Cycle Date Determined For The U.S.

from Lakshman Achuthan, Co-Founder and Chief Operations Officer of ECRI

This week ECRI is announcing May 2016 as a new growth rate cycle trough date for the U.S.

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The Growing Skill Divide In The U.S. Labor Market

from the St Louis Fed

-- this post authored by Maximiliano Dvorkin and Hannah Shell

Over the past several decades, the skill composition of the U.S. labor market has shifted. Employers are hiring more workers to perform nonroutine types of tasks (such as managerial work, professional services and personal care) and fewer workers for routine operations (such as construction and manufacturing). This shift in the type of skills in demand is referred to as job polarization.

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Taxing The 1 Percent

from the Philadelphia Fed

--this post authored by Makoto Nakajima

Raising taxes on top earners is often seen as a straightforward way to stem inequality. The trick is preserving efficient revenue generation and work incentives for the economy's most productive contributors.

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Transitioning From The Military To The Civilian Workforce

from the Congressional Budget Office

The Defense Department spent $310 million (in 2017 dollars) on unemployment benefits in 2016, down from $1 billion in 2011. Nearly half of soldiers in the active Army in 2013 applied for those benefits (that share has probably fallen).

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The Evolution Of OTC Derivatives Markets

from Liberty Street Economics

-- this post authored by Nina Boyarchenko, Or Shachar, and Jacqueline Yen

The 2007-09 financial crisis highlighted weaknesses in the over‑the‑counter (OTC) derivatives markets and the increased risk of contagion due to the interconnectedness of market participants in these markets. As a response, the global regulatory community introduced a number of reforms to both the market structure and the regulatory environment.

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EURGBP: A Picture Of Elliott Wave Precision

from Elliott Wave International

The euro's recent surge to two-month highs against the pound fit its Elliott wave blueprint beautifully. Let's assume financial markets are driven by news events. Negative news items cause prices to fall, while positive items fuel rallies. Easy enough, right?.

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Infographic Of The Day: Blockchain Could Change The Backbone Of The Stock Market

The conceptual backbone behind the stock market itself hasn't changed much. In fact, the model we use today for settling trades and ensuring proper share ownership is still based on the one initially created in the 17th Century.

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Early Headlines: OPEC Vs US Shale, Polluters Control Regulations, More Refugees For US, Kushner And Russia, Trump Starts Russia War Room, Big Bets Long The Euro, China's Oil Demand Is Shrinking, And More

Written by Econintersect

Early Bird Headlines 27 May 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 ...



Is The Economic Outlook Terrible?

Written by Steven Hansen

This week we were subjected to terrible 1Q2017 GDP numbers that even President Trump was silent as no amount of spin could make them look good.

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Chinese Feel More Positive Than Americans

from Statista.com

-- this post authored by Dyfed Loesche

According to the Pew Research Center, the Chinese are pretty upbeat about the evolving role of their country in the world.

Read more ...



Optimising Nutrition In A Bid To Break The Two-hour Marathon Mark

from The Conversation

-- this post authored by Stephen Mears, Loughborough University

Twenty-six seconds. That's how close Kenyan runner Eluid Kipchoge came to breaking the two-hour marathon and bettering a mark many thought to be unachievable. Although this was the fastest time ever run over the 26.2 mile distance, it unfortunately did not count as a world record. In the event, organised by Nike in Monza, Italy, the revolving use of pace setters taking turns to reduce wind resistance and drinks handed to the athletes by attendants on bicycles meant that the time would not be recognised by the IAAF, the athletics governing body. Despite this, the significance of Kipchoge's time should not be underestimated.

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Big Data On Wheels

from Statista.com

-- this post authored by Felix Richter

Modern cars are equipped with more than 100 sensors that create a constant stream of data.

Read more ...



What We Read Today 26 May 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 ...



19 May 2017: ECRI's WLI Growth Index Ticks Marginally Up

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

Read more ...



What Color Were Dinosaurs... Really

Paleontologists can figure out a lot about what dinosaurs looked like based on their fossils, but color? Not so much.

Second Estimate 1Q2017 GDP Growth Improves to 1.2 %

Written by Jill Mislinski and Steven Hansen

The second estimate of first quarter 2017 Real Gross Domestic Product (GDP) was increased to a positive 1.2% for the advance estimate's 0.7 %. Year-over-year growth was also increased from the advance estimate.

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Durable Goods New Orders Declined in April 2017

Written by Steven Hansen

The headlines say the durable goods new orders declined. The unadjusted three month rolling average also declined.

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Rail Week Ending 20 May 2017: Data Mixed This Week

Week 20 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. The economically intuitive sectors contracted.

Read more ...



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