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.
Asian shares slide as bank fears add to global gloom (Reuters) Asian shares slid on Friday as mounting concerns about the health of European banks further threatened a global economic outlook already under strain from falling oil prices and slowdown in China and other emerging markets. The prices of yen, gold and liquid government bonds of favored countries soared as investors rushed to traditional safe-haven assets. Shares in Australia and South Korea .KS11 fell about 0.5% though MSCI's dollar-denominated index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was little changed due to the fall in the dollar.Japan's Nikkei .N225 fell 3.3% to a fresh 15-month low as the yen soared to a 15-month high.
Rooftop Solar Providers Face a Cloudier Future (The New York Times, MSN News) The point of this article is that regulatory changes are making rooftop solar less attractive financially to the homeowner. A key ingredient in the financial incentives has been net metering, where the power company is required to buy excess power when produced at an attractive (regulated) rate. Now some of those "net metering" rules are being changed. For example, in Nevada they have been changed retroactively leaving homeowners with installed solar holding the bag, losing money compared to never having installed solar at all. Econintersect: The NYT has missed an even bigger story. Roof top solar will probably never be cost competitive with utility scale solar in large array solar farms. Right now several studies have found that utility scale solar electricity costs about half as much as rooftop. See Which Is Cheaper -- Rooftop Solar Or Utility-Scale Solar?(Forbes)
Clinton Adopts Sanders' Rhetoric of `Rigged' Economy in Debate (Bloomberg) Democratic presidential candidate Hillary Clinton, her front-runner status dented by a lopsided loss to Bernie Sanders in New Hampshire, adopted her challenger's assertion that the economy is "rigged" as the two debated who would be the better president for two key party constituencies: women and African Americans. Clinton opened Thursday's Democratic presidential debate by repeating her rival's characterization of the American economy, a marked shift in her rhetoric that left little room for interpretation. See also For Hillary to Survive, Clintonism Had to Die.
Syria conflict: World powers agree cessation of hostilities (BBC News) World powers have agreed to seek a nationwide "cessation of hostilities" in Syria to begin in a week's time, after talks in Germany. The halt will not apply to the battle against jihadist groups Islamic State (IS) and al-Nusra Front. Ministers from the International Syria Support Group also agreed to accelerate and expand aid deliveries. The announcement comes as the Syrian army, backed by Russian air strikes, advances in Aleppo province.
Afghanistan is on the brink (Al Jazeera) A worsening security situation is undermining a burgeoning civil society and commitment to democracy. Afghanistan is worse off today than it was before the 2001 U.S. invasion, according to a report released last month by the U.S. Special Inspector General for Afghanistan Reconstruction (SIGAR).
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.
Print this page or create a PDF file of this page
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