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 14 June 2016

Early Headlines: Asia Stocks Drop, Italian Banks Hammered, Muslims Decry Shooting, Leave Polls Mount, Germany And Oz Slow Green Energy While Sweden And US Accelerate, 'New Deal' For Greece And More

Written by

Early Bird Headlines 14 June 2016

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.



  • Asia markets mixed; ASX, Nikkei lead Asia losses (CNBC) Asia markets traded mixed on Tuesday, with markets in Japan and South Korea extending Monday's losses as investors looked ahead to key central bank meetings in the United States and Japan this week. Australian markets returned to trade after being shut for the Queen's Birthday public holiday on Monday. The benchmark ASX 200 was off 1.71% in morning trade, weighed by a 2.06% loss in the financials sub-index and a 3.39% loss in the energy sub-index.



  • U.S. Democrats want 'major role' for Sanders -Reuters/Ipsos poll (Reuters, MSN News) Bernie Sanders may have lost his bid to become the Democratic nominee for the White House, but party members don't want the U.S. senator from Vermont to step off the stage. More than three-quarters of Democrats say Sanders should have a "major role" in shaping the party's positions, while nearly two thirds say Hillary Clinton - who beat him for the nomination - should pick him as her vice-presidential running mate, according to a Reuters/Ipsos poll.

  • Some short clips about the Orlando shooter:

  • Credit card debt could hit $1 trillion by the end of 2016 (MarketWatch) With the economy improving and driving up consumer confidence, many people are spending more but shirking basic responsibilities like paying their credit card bills. If things continue at this rate, U.S. households will accumulate $1 trillion in outstanding debt by the end of 2016, the most ever, according to a study by credit card search and comparison website, CardHub. But some experts say it isn't yet a worrisome trend. Over the first quarter of 2016, consumers only paid $26.8 billion in credit card debt, which is 38% of the $71 billion added during 2015. This is also the smallest first-quarter debt reduction since 2008 and is nearly 25% below the post-recession average, CardHub said in its report. But the average per household is still below the Q4 2007 peak.

  • Europeans see ISIS, climate change as most serious threats (Pew Research Center) Among the myriad threats that Europe faces in 2016, the scourge of ISIS registers most strongly. In fact, ISIS is either tied or seen as the greatest threat in nine of the 10 European countries surveyed. But it is not the only high-profile threat felt in Europe. More than half in all European countries surveyed say global climate change is a major threat to their country, and many also cite global economic instability as a dire threat, especially in places hit hard by the euro crisis such as Greece and Spain. And many Europeans fear the threat of cyberattacks from other countries. Geopolitical risks from China, Russia and the U.S. ranks lower on the list of concerns.


  • Four Polls Put U.K. on Course to Leave EU as 'Sun' Backs Brexit (Bloomberg) Britain appeared to be on course to leave the European Union, with four polls from three companies putting the "Leave" campaign ahead of "Remain". The Sun, Britain's biggest-selling newspaper, backed a so-called Brexit on its front page.

  • How Brexit Vote Will Move the Pound (Bloomberg) June 24 will be a day of superlatives for the pound, whichever way Britain votes. According to economists a vote to leave will crash the pound to the lowest levels in more than 30 years. A stay outcome could produce a 6% rally.



In April 2015 I was vilified for refusing to bow to the troika's demands for a ridiculously high 3.5% primary surplus and for countering the creditors' failed 'program' with a growth plan dubbed A New Deal for Greece. Not only was I vilified by the troika but I had to deal with a Governor of the Bank of Greece who was fully in cahoots with the troika, backing the creditors rejection of my New Deal proposals and even claiming that my insistence on A New Deal cost Greece 85 billion euros! Yesterday, the good Governor wrote in the FT that Greece needs a... New Deal, effectively regurgitating my proposals from last year. As for the technical details of the two proposals, I let the reader decide which was superior: our technical proposals (worked out jointly with Jeff Sachs and Lazard) or those coming out now from the Bank of Greece?

Some will say better late than never. Others may think that the manner in which this poacher is so shamelessly turning gamekeeper is an important reason why Europeans are turning their backs to a European Union so badly served by its functionaries.



  • Major Swedish parties agree to 100% renewable goal by 2040 (REnewenergy) The five parties, including the coalition government, have agreed on a policy framework for long term future of the country's energy generation, which includes the ambitious target of being 100% renewable by 2040. This plan will completely phase out nuclear eenrgy as well as fossil fuels. The framework also aims to make small-scale electricity production and self-consumption easier, especially for PV systems, which are set to benefit on July 1 from a law which will exemplify systems of 255 KW or less from the Swedish energy consumption tax. The new agreement outlines an increase in general energy tax to make up for the shortfall left by the scaling back of nuclear energy, which should further benefit small-scale electricity generation, as it will be exempt. The expectation is that PV solar will eventually supply 10% of Swedish electricity,


  • Is India the Next China? (The Economic Times) India may be the world's fastest growing economy, but it's still not large enough to pull up global growth the way China could over the past decade when the dragon was growing at double digit rates. But that could change over the next ten years, says HSBC in a report.


  • China Economy: That Sputtering Sound Returns (The Wall Stret Journal) The worry with China is that it may be time to start worrying again. Any meaningful traction that China bulls thought the economy was gaining a couple of months ago is harder to find. One of the brightest spots was housing and that is fading fast.



  • Jobs and growth! ...but not in renewables in Australia (REneweconomy) The huge potential of Australia's renewable energy sector to create jobs and economic growth would remain largely untapped under the nation's two major parties, a new report has found, and could even decline further if Malcolm Turnbull's Coalition is re-elected in the July federal election. The report, Nice work if you can get it, published on Monday by The Australia Institute, estimates how many renewable energy jobs would be generated under the Coalition, Labor or the Greens, based on the three parties' Renewable Energy Targets and published estimates of how many jobs are created with each MW of wind and solar built - indicated in the chart below. The report accuses Australia of moving in the opposite direction from the rest of the world.

>>>>> 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
Rising Tide Does Not Lift All Ships
Comments on Feyerabend’s ‘Against Method’, Part II
News Blog
Docking A Huge Cruise Ship Is More Complicated Than You Think
New Seasonal Outlook Updates from NOAA and JAMSTEC - Let's Compare Them.
Infographic Of The Day: Driving Into A Battery Powered Future
Earthquake Risk - Location Matters
Investor Alert: Be On The Lookout For Investment Scams Related To Hurricane Matthew
Lost In Translation: Five Common English Phrases You May Be Using Incorrectly
The Size And Scope Of Samsung's Business
Immigration Is The Top Worry For Britons
People Killed By Russian Airstrikes In Syria
Have You Taken These 4 Simple Steps To Improve Your Trading?
14 October 2016: ECRI's WLI Growth Index Insignificantly Declines
Mom Breaks Down In Tears When Son With Autism Meets Service Dog
Rail Week Ending 15 October 2016 Paints A Negative Economic View
Investing Blog
FinTech Is Taking A Bite Out Of Banks
Options Early Assignment - Should You Worry?
Opinion Blog
US 2016 Election: Will US-China Relations Change
Prop. 51 Versus A State-Owned Bank: How California Can Save $10 Billion On A $9 Billion Loan
Precious Metals Blog
How Will The Election Outcome Impact Precious Metals?
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