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 11 January 2015

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.

Break Up Citigroup (Simon Johnson, Project Syndicate)  Citigroup led a successful effort to get key elements of Dodd-Frank overturned by attachments to the latest budget bill.  Johnson says they may have won a battle but it could lead to losing a war and become the fulcrum for action to break up big banks.  He says it is not just the very vocal Elizabeth Warren that is thinking this way but a number of other senators in both parties could be brought into the fray.


Fed Hands Record $98.7 Billion Back to Treasury (Michael S. Derby, The Wall Street Journal) The Fed earned $115.9 billion on its Treasury securities and MBS (mortgage backed securities) holdings in 2014.  By law, after "expenses" and a 6% dividend to member banks is paid the rest is remitted to the U.S. Treasury.  Many think this is great for the government, reducing the current deficits but Econintersect suggests it is economically damaging when there is slack in the economy because it is removing more than $100 billion from the "real economy" that would have been paid to the public (albeit some of the payments would have gone to banks).  The effect was to reduce GDP for 2014 by about 0.6%.


WSJ Praises the "Triumph of Austerity" in Greece (The Real News Network)  Sharmini Perez interviews William K. Black (who has contributed to GEI).  Black criticizes The Wall Street Journal (and The New York Times as well) for portraying the political "rebellion" in Greece against austerity as "snatching defeat from triumph".  The headline link takes you to the transcript of the interview.

more-austerity-video-rnn


Articles about events, conflicts and disease around the world

France

AirAsia Flight 8501

Nigeria

Ukraine

Russia

Afgahnistan

Vietnam

Cuba


This post continues but only for our Premium Content Subscribers. Beginning on 17 January 2015, it will be FREE to become a Premium Content Subscriber - all you need to do is sign up for the newsletter, and you will be given access to the full post if you use the links provided in each days newsletter. There are approximately 200 articles reviewed every week in the full post.


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 econintersect.com.

To subscribe to premium content is a no cost signup:

Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. This newsletter contains links to complete posts (such as "What We Read Today") which are not available to other readers at the website. The newsletter is the key into membership at Econintersect.

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.











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, using Livefyre 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.



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



search_box

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.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
Joan Robinson’s Critique of Marginal Utility Theory
The Truth About Trade Agreements - and Why We Need Them
News Blog
Five Mysterious Space Diseases That Could Kill Astronauts Before They Get To Mars
03 December 2016 Initial Unemployment Claims Rolling Average Insignificantly Worsens
November 2016 CBO Monthly Budget Review: Down by 3 Percent in the First Two Months of Fiscal Year 2017
Putting Grassroots Terrorism In The Proper Perspective
Crude Oil Prices: "Random"? Hardly. The More Emotional The Market, The More Predictable It Is.
Infographic Of The Day: Job-Hopping
Early Headlines: Asia Stocks Up, Oil Firms, Russia's Big Oil Deal, Trump Will Stay In Business, Trump Menaces Drug Cos, Banks Rig Silver, Italy's 360B NPL, Iraq Has Oil Cut Problem, China Trade Improves And More
Goals Come With A Hefty Price Tag At The Emirates
Facebook Strongest On Home Ground
Defence Budgets Are Surging In The Baltic States
It's Been A Turbulent Start, But Juno Is Now Delivering Spectacular Insights Into Jupiter
The World's Most Reputable Cities
What We Read Today 07 December 2016
Investing Blog
Trumpsternomics And Economic Growth
The Real 401k Plan Manager 07 May 2016
Opinion Blog
Italy Confronts The European Elite
The US Government Needs To Spend More
Precious Metals Blog
Silver Prices Rebounded Today: Where They Are Headed
Live Markets
08Dec2016 Market Update: Wall Street Marches On, New Intraday Highs Mark Bull Run Advancement, US Dollar Back Up, Crude Prices Steady
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government



Crowdfunding ....






























 navigate econintersect.com

Blogs

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

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved