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 04 February 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.

ADDITIONAL CONTENT FOR MEMBERS

These reading lists and discussions are special content just for GEI Members.

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


Standard & Poor's hit by largest penalty ever levied on credit rating agency (Andrew Dewson, The Independent)  McGraw Hill Financial, the parent of Standard & Poor's (S&P) has agreed to pay a settlement equal to its 2014 profits.  S&P, the world’s largest debt-rating agency, was accused of manipulating its internal procedures in order to create better ratings for packages of sub-prime mortgage securities.  S&P fought hard to avoid the large payment of $1.4 billion they have agreed to pay, but was undone by internal instant messages and e-mails which supported the Department of Justice case.  Econintersect:  Nowhere in the discussion of this case is there a mention of the financial and economic losses that resulted from the S&P actions.  We hazard a guess that it is closer to $1 trillion than to $1 billion. 


From First FT (FT Alphaville)  More on Greece follows below.

Greece’s finance minister Yanis Varoufakis will meet Mario Draghi today with the hope of persuading him to maintain liquidity in Greece’s banking sector after the country’s EU bailout programme expires at the end of this month. (FT)

The European Central Bank is already resisting Greece’s proposal that Athens raise EUR10bn by issuing short-term Treasury bills as “bridge financing” to tide the country over for the next three months while a new bailout is negotiated. Without this financing, Athens will exit its bailout without access to emergency funding for the first time since the first Greek bailout in May 2010. (FT)

Martin Wolf argues that the Greek government deserves the time to present its ideas and, as the EU is supposed to be a union of democracies and not an empire, the eurozone should negotiate in good faith. At the same time, the Greeks must convince their partners they are serious about reforms. (FT)



This post continues but only for our Premium Content Subscribers. All newsletter subscribers are given access to the complete post. There are approximately 200 articles reviewed every week in the full post.


The rest of the post is for our premium content subscribers.

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
How To Stop Using Filler Words Like Um And Uh
02 December 2016: ECRI's WLI Growth Index Improvement Continues
Preliminary December 2016 Michigan Consumer Sentiment Highest Since Early 2015
October 2016 Wholesale Sales Improved
Rail Week Ending 03 December 2016: Finally A Positive Month
November 2016 CBO Monthly Budget Review: Total Receipts Up by 1 Percent in the First Two Months of Fiscal Year 2017
Infographic Of The Day: Copyright - Illegal Download
Early Headlines: Asia Stocks Mixed, Oil Steady, Bank Mafia, Trump To Remain TV Producer, US Life Expectancy Down, India Stocks Suffering, Park Impeached, China Struggles To Support Yuan And More
Heavy Metal And Hard Rock Albums That Went Certified Diamond Status
Down The Drain: Wastewater With The Most Cocaine
Apple's App Store Set For 5 Million Apps By 2020
How Can The UK Government Meet Its Legal Air Pollution Targets?
Most Gun Deaths In The United States Have A Tragic Motive
Investing Blog
Are Your Trade Entries Patient Enough?
Investing.com Technical Summary 08 December 2016
Opinion Blog
Looking At Everything: Trump's $1 Trillion Infrastructure Plan
The Global Financial Mess Is Due To Political Failure
Precious Metals Blog
Silver Prices Rebounded Today: Where They Are Headed
Live Markets
09Dec2016 Market Close: Wall Street Closes On A New High, Trump Sugar High, Crude Prices Testing Resistance, US Dollar Melts Higher
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