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.



posted on 01 September 2015

Early Headlines: China PMIs Weaken Further, India Growth Slows, U.S. Public Sector Corruption, Americans "Angry" With Government, Australia Nears World Growth Record And More

Written by

Early Bird Headlines 01 September 2015

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

Global

pacific.hurricanes.2014.sep.01

  • Paul Mason's Postcapitalism: The left's unwitting conversion to neoliberal economics (City A.M.) A new book claims the left has sold out and makes a "karaoke leftie assumption that those who believe in smaller government have ignoble ulterior motives". The theme of the book "Postcapitalism" by Paul Mason is that the new "sharing" or "gig" economy exemplified by Uber, Airnb and peer-to-peer lending, represents an end to the decline of the old left. But the author of this article (Ryan Bourne, head of public policy at the Institute of Economic Affairs) thinks Mason completely misses the point completely and sees the new economy of simply an extension of neo-liberalism and is not a new breath of life for the left.

U.S.

  • Forest Service Official Who Let Nestle Drain California Water Now Works for Them (Anti Media) Hat tip to Doomsted Diner via Twitter. Revolving door corruption permeates every level of government. An ongoing investigation by The Desert Sun into Nestle's contentious bottled water operations in drought-stricken California first disclosed that the company's permit to draw water had a rather astonishing expiration date that occurred over a quarter century ago, in 1988. Forest Service officials shirked their duty to review the company's long-expired permit by conducting numerous meetings about what was needed to initiate necessary procedures - but never once followed through with a single proposition to completion. And a key Forest Service official involved in the non-action retired from the Service in 2005 and has worked for Nestle since. See next article for more corruption.
  • CalPERS Chief Investment Officer Defends Tax Abuse as Investor Benefit (Yves Smith, Naked Capitalism) YS has contributed to GEI. She reports here that CalPERS Chief Investment Officer, Ted Eliopoulos, "made statements to the Investment Committee that are demonstrably false". See also next article. She writes here (it's complicated, go to the link for more details):

Eliopoulos depicted a tax device widely used by general partners as virtuous by aligning the economic interests of the general partners with the limited partners, when it does nothing of the kind. Even worse, he failed to mention that the IRS has recently proposed rules to end this tax abuse.

EU

eurozone.inflation.2015.aug.31

India

  • Economic growth slows to 7% in June quarter (Business Standard) Weak demand and no growth in investment offset increased government spending as India's GDP grwoth slowed to 7.0% in the second quarter from 7.5% in the first quarter. Manufacturing, electricity and services saw slower growth in the current quarter.

india.gdp.2015.2q

China

  • China warned: You don't know what you're doing (City A.M.) City figures launched a broadside against China's government last night, after authorities spent the weekend rounding up nearly 200 people deemed guilty of "illegal rumour-mongering". Beijing appears to have lost faith in its ability to stem a decline in China's shares through large-scale purchases. Instead, it has turned on traders, social media users and journalists whom it accuses of exacerbating last week's market volatility.
  • China state media announce confessions in stock market investigations (Reuters) Chinese state media announced a slew of confessions on Monday following investigations into dramatic stock market fluctuations, including from a reporter who said he had spread false information that had caused "panic and disorder". An official from China's securities regulator, and four senior executives from China's largest brokerage, CITIC Securities (600030.SS) (6030.HK), confessed to insider dealing, the official Xinhua news agency reported. China is trying to restore value to its stock markets, where shares have lost around 40 percent since mid-June on concerns over the slowing economy and a devaluation of the yuan in mid-August. Authorities have announced crackdowns on fabricated trading information, alleged malicious short selling and other strategies seen as weakening confidence in the stock market.

Australia

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical News Post Listing










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.





Econintersect Contributors


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
Big Mess in Italy
Are You Feeling the Economic Surge?
News Blog
Early Headlines: Asia Stocks Up, Oil Down, GOP Healthcare, Trump Not Reagan Redux, EU Ending?, UK Lost Decade, Putin Taking Over Mid-East, Yuan 'Flash' Crash And More
December 5, 2016 Weather and Climate Report - December Update - Zonal Prevails
Irish Births And Baptisms Visualised
What Happens In The Smartphone Afterlife
Water Intoxication: Are We Drowning In Advice To Drink More Fluids?
The Worldwide Virtual Reality Market Is Set To Be Huge
Average Gasoline Prices for Week Ending 05 December 2016 Rose Over 5 Cents
What We Read Today 05 December 2016
Why We Have Different Blood Types
November 2016 Conference Board Employment Index Improved.
November 2016 ISM and Markit Services Index Mixed
Are All Collateralized Loan Obligations Equal?
A Third Of Homes Sold For The List Price Or More In August 2016
Investing Blog
Momentum Issues A Warning
The Great Bond Crash Of 2016: 05 December Update
Opinion Blog
The Shale-War Is Over
Fake Science
Precious Metals Blog
Silver Prices Rebounded Today: Where They Are Headed
Live Markets
05Dec2016 Market Close: US Markets Close Higher, WTI Crude Settles At $51.09, US Dollar Drops Below 100 Temporally
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