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What We Read Today 19 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.

The Troll Hunters (Adrian Chen, MIT Technology Review)  Hate is having a sort of renaissance online, even in the countries thought to be beyond it.  This article reports on a group of vigilantes doing investigative research "to expose racists, creeps, and hypocrites".   The author asks:  "Have they gone too far?"


BOJ Keeps Record Easing as Oil’s Fall Challenges Kuroda   (Toru Fujioka and Masahiro Hidaka, Bloomberg)  Year-over-year inflation rose less than 1% in October, slipping further below the 2% inflation rate that is targeted by the Bank of Japan (BoJ).  While the sharp decline in oil prices in recent months is a boon to businesses and consumers, it is a component of the CPI softening and helps to keep a ”deflationary mindset” in place.  As a result the BoJ is keeping the monetary easing spigots open full bore.  A measure of the battle for the BoJ is the bond market expectation for future inflation which is now down to an average of 0.84% per year for the next ten years.


China 2013 GDP revision won't affect growth this year (Kevin Yao, Reuters)  China has revised the GDP numbers for prior years and, as a result, the country’s GDP was 3.4% larger last year than previously reported.  The bulk of the increase occurred in the service sector.  The government report stated that the GDP growth reports thus far in 2014 will not be effected (presumably because the service sector data reported this year already included any methodology changes now being applied to prior years.  It remains to be seen how the GDP growth numbers for recent years will be changed once the revisions are complete.  Econintersect suggests it is likely that only a small part of the added 3.4% increase in 2013 will actually be applied to 2013 GDP growth – the bulk of the change will likely be applied to the Chinese economy spli up over a number of years.


Ferguson and Related News

NSA / CIA

Ebola

Nigeria

Israel

Syria

Iraq

Ukraine

  • The Other War in Ukraine (Christian Caryl, Foreign Policy)  The biggest threat to Ukraine isn’t Vladimir Putin: it’s a deeply entrenched culture of corruption. Can the new government cope?

Russia

North Korea

Pakistan

Cuba


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