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.
"Additional evidence showing that while jobs in the city of Seattle were tanking starting last April, employment in the suburbs surrounding Seattle was increasing steadily to a new record high in November. That departure in employment trends: job declines inside the city limits of Seattle compared to increasing employment outside the city limits suggests the possibility that the difference in labor costs could have been a contributing factor."
Econintersect: Prof. Perry also points out that the Seattle metro area outside of Seattle has increased to a new record high. The numbers also show that the entire metro area has grown since the $15 minimum wage was introduced within the city. In April 2015 total employment for the metro area was approximately 1.870 million and in December 2015 it was approximately 1.935 million, an increase of 65,000 (+3.5%) in just 8 months. In the 8 months prior to the minimum wage increase, employment increased in the Seattle MSA from about 1.854 million to 1.872 million (+18,000, +1.0%). So should we attribute the increase in the minimum wage to an increase in employment growth in metro Seattle? Such a claim has no greater credibility than does the claim that the higher minimum wage was damaging to employment. Only those who have a bias based on belief can take either representation from the data.
Migrant crisis: Amnesty hits out at EU over Turkey deal (BBC News) Amnesty International has accused European leaders of "double speak" over a deal which will see Europe-bound migrants returned to Turkey. The leading human rights charity said the deal failed to hide the EU's "dogged determination to turn its back on a global refugee crisis". Under the plan, migrants arriving in Greece will be sent back to Turkey if their asylum claim is rejected. In return, Turkey will receive aid and political concessions.
Senior IS commander dies of wounds from US strike in Syria (Assocuated Press) Omar al-Shishani, a top Islamic State commander who was a magnet for fighters from the former Soviet Union, has died of wounds suffered in a U.S. airstrike in Syria, a senior Iraqi intelligence official and the head of a Syrian activist group said Tuesday.
FlyDubai plane crash kills 61 in Russian city of Rostov-on-Don (The Guardian) Fifty-five passengers and six crew were on board the Boeing-737 en route from Dubai when it crashed and exploded into flames on landing. Russian news reports said most of those aboard were Russian tourists but there were unspecified foreign passengers as well.
India mulls private financing agencies for industrial corridors (The Hindu) The Indian government, which is executing the Delhi-Mumbai Industrial Corridor project at a total investment of $ 90 billion, is looking at private financing agencies for its implementation, according to a senior government official. The Indian government, which is executing the Delhi-Mumbai Industrial Corridor project at a total investment of $ 90 billion, is looking at private financing agencies for its implementation,according to a senior government official.
There is a doomsday machine on the horizon that could destroy Hong Kong home prices (South China Morning Post) Low-quality living in Hong Kong won't be worth a premium once the border with China comes down. But just when and how that will happen is an open question because the current governance of Hong Kong is organized under The Basic Law which is nominally in effect until 2047. But variation of regulations can occur before the end of The Basic Law if enacted by the Hong Kong legislature.
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