econintersect .com

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.

What We Read Today 09 December 2014

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.

Japan’s Recession Deepens as Election Looms for Abe (Keiko Ujikane and Toru Fu, Bloomberg Businessweek)  The Japanese recession was deeper in 3Q 2014 than indicated by the initial estimate.  The latest reading is an anualized decline of 1.9% compared to the previous estimate of 1.6% and much below economists' estimate of only 0.5%.  Analysts are projecting that the recovery will be weak as consumers are still reeling from the ill-conceived 60% hike in the consumption tax that took effect the first day of the second quarter.

California Drought Of 2012-2014 Is The Worst In 1,200 Years: Study (Kukil Bora, International Business Times)  Daniel Griffin, an assistant professor in the Department of Geography, Environment and Society at the University of Minnesota, and Kevin Anchukaitis, an assistant scientist at Woods Hole Oceanographic Institution used old blue oak tree-ring samples in southern and central California and climate data provided by the National Oceanic and Atmospheric Administration (NOAA) to determine that California's three-year drought was the worst in more than a millennium.  See also Evidence Suggests California's Drought is the Worst in 1,200 Years (Woods Hole Oceanographic Institute).  Another research study has found that for other parts of the U.S. one of the years of the dust bowl had the worst drought in a millenium.  See NASA Study Finds 1934 Had Worst Drought of Last Thousand Years (NASA News).  The 1934 drought,  which affected 71.6% of the western U.S., was 30% more severe than the second worst drought in the last 1,000 years, the drought of 1580.  For comparison to 1934, the recent 2012 extreme drought in the central U.S. had "an average extent" 59.7%.

Articles about events, conflicts and disease around the world


Federal autopsy released in Ferguson shooting (Associated Press, Fox News)

Ferguson grand jury documents support earlier data (CBS News)

Ferguson, Eric Garner Protesters Clash With Police Across Country (abc News)


British Ebola survivor calls Band Aid 30 “cringeworthy” (BBC Newsbeat)

A Very Simple Treatment For Ebola That Not Enough People Are Talking About (Think Progress)


"Turk Stream": Huge Win for Turkey - Big Win For Russia - Historic Loss for EU (Russia Insider) Hat tip to Rob Carter.

Turkish soldiers killed on Syria border (Al Jazeera)


At least 20 Australians killed in Syria and Iraq fighting for terrorist groups, Brandis says (

Syria, allies condemn Israeli airstrikes (Associated Press, Yahoo! News)


Islamic State: Coalition 'pledges more troops' for Iraq (BBC News)


ISIL and Iran to dominate Gulf Arab summit (Al Jazeera)

U.S. Accuses Iran of Secretly Breaching U.N. Nuclear Sanctions (Foreign Policy)  Washington has evidence that Tehran is trying to buy new equipment for a key nuclear facility. But the White House isn't willing to say anything publicly about it.


Ukraine's Made-in-USA Finance Minister (Global Research) Hat tip to Rob Carter.  She appears to be corrupt to the core – good fit for Ukraine’s tradition.


Russian Inspectors to Conduct Observation Flight Over US (

Do not miss "Other Economics and Business Items of Note", the final section every day.

Please support all that we do at Global Economic Intersection with a subscription to our premium content "behind the wall".

There are between 75 and 100 articles reviewed most weeks. That is in addition to the 140-160 articles of free content we provide.

You get a full year for only $25.

The rest of the post is for our premium content subscribers - Click here to continue reading. If you have forgotten your login or password - send an email to info at

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.

Econintersect Behind the Wall

Print this page or create a PDF file of this page
Print Friendly and PDF

The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.

Keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Middle East / Africa
USA Government

 navigate econintersect .com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved