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 April 2016

Early Headlines: Asia Stocks Down, Too Much Food, Emerging Markets Emerge, Tesla Model 3, UK National Living Wage, China Plans Global Grid, Overvalued Houses In Oz, World's Richest Banker Charged And More

Written by

Early Bird Headlines 01 April 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.




  • The World May Have Too Much Food (Bloomberg) For the first time in history, more people are obese than underweight. The past 40 years have seen an unprecedented increase in the number of obese adults worldwide, climbing to about 640 million from 105 million in 1975. If the current trend continues, about one-fifth of adults will be obese by 2025.


  • Bucking the trend (The Economist) The dollar's long rally seems to have halted and emerging market currencies are rallying.


"You will not be able to buy a better car for $35,000, or even close. It's a really good car, even with no options."


  • Poor economics (The Economist) This article argues that an increase in the minimum wage in Great Britain, already the highest in the world, may have economic benefits via increased capital investment and improved productivity. But the benefit to the lowest skill levels (who are the lowest paid, in general) will actually be negative as they will be disproportionately displaced by increased use of capital (automation). The damage will be confounded by the very poor economics of simultaneously reducing welfare. The argument there is based on the idea that those needing welfare will benefit most from the increased minimum wage - but just the opposite will be the case, according to the argument made here.

  • The national living wage is a ticking time bomb of hidden costs for British businesses (City A.M.) The national living wage is expected to hit British businesses with hundreds of millions in hidden costs this year, in addition to the £804m already estimated - hindering investment and creating a time bomb that will blast through bottom lines by 2020. Figures from the government's regulatory watchdog show employers may find themselves dealing with the fallout of a "wage spillover", having to boost the pay of other staff to maintain pay bands. Econintersect: Note the divergence of opinion from the article from The Economist, preceding. The previous article suggested that the higher age would encourage investment (automation) and reduce employment. That doesn't seem to be considered in this article. In actuality, there will likely be companies that fall in both categories.


  • Despite disputes, U.S., China strike climate, nuclear deals (USA Today, MSN News) Despite ongoing disputes over cyber espionage, intellectual property, and the South China Sea, the United States and China struck deals Thursday on nuclear security and climate change. The two nations agreed to sign the new global climate change agreement on April 22, the day it becomes operational; the agreement reached in Paris late last year calls on countries to develop plans to reduce greenhouse gas emissions. Also, the United States and China issued a joint statement pledging more cooperation on efforts to improve the storage and security of nuclear material in an effort to prevent nuclear terrorism.

  • China Builds an Empire of Electricity With Australia as Target (Bloomberg) It generates more revenue than Apple Inc. and Boeing Co. combined and serves one in seven people on the planet. Meet State Grid Corp. of China, the world's largest utility company that may be buying power assets near you. The name may say "State Grid" but their objective is a "Global Grid".


  • The Economist: Aussie housing 40% over-valued (Macro Business) Housing bubbles in some of the world are far more inflated than the 2007 bubble in the U.S. - and Australia is among the highest fliers, expecially against income (first graphic below).


  • Panama Canal to inaugurate much anticipated expansion on 26 June (Seatrade Maritime News) The Panama Canal Authority (ACP) announced on Wednesday that the Panama Canal expansion will be officially inaugurated on Sunday 26 June. The expansion program is currently 97% complete. Final testing will be conducting in the following weeks. The new Panama Canal locks will allow containerships as large as 13,000 teu to 14,000 teu to use the waterway for the first time.


  • Brazil prosecutors charge billionaire Safra in bribery scheme (Reuters) Brazilian prosecutors on Thursday charged Joseph Safra, the world's richest banker, in connection with an alleged scheme to pay bribes to government officials in return for waiving tax debts. In a statement, prosecutors said that Safra had knowledge of a 2014 plan by executives at his Banco Safra SA to pay 15.3 million reais ($4.2 million) in bribes to federal tax auditors. The accusation is based on tapped phone calls between Banco Safra executive João Inflcio Puga and tax officials.

>>>>> 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


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
Main Home
Analysis Blog
From Money Controlling People to People Controlling Money
Rising Tide Does Not Lift All Ships
News Blog
How The Space Station Avoids Junk In Space
Infographic Of The Day: The Most Popular Jobs In A Decade
Early And Late Cycle Verdicts Are Baseless
The Surprising Divergence Of Employment And Capacity Utilization
The Slump In Undocumented Immigration To The United States
U.S. Productivity Growth Flowing Downstream
Your Light Bulbs Could Be Playing Havoc With Your Health - Here's Why
Mentions Of Trump And Clinton In Hip Hop Lyrics
Salary Is The Most Important Job Criterion
Can Switch Replicate Nintendos Past Success
The Numbers Behind The Zumwalt
Docking A Huge Cruise Ship Is More Complicated Than You Think
New Seasonal Outlook Updates from NOAA and JAMSTEC - Let's Compare Them.
Investing Blog
FinTech Is Taking A Bite Out Of Banks
Options Early Assignment - Should You Worry?
Opinion Blog
The Beer Goggles Stock Market
US 2016 Election: Will US-China Relations Change
Precious Metals Blog
Preparing For Post-Election Social Unrest
Live Markets
21Oct2016 Market Close: Major US Indexes Close Flat On Low Volume, Crude Prices Resume Climb, US Dollar Stabilizes In Mid 98 Handle, Yes, Most Investors Are Worried Which Way This Market Will Go
Amazon Books & More

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

Crowdfunding ....



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


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site 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