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 22 June 2016

Early Headlines: Asia Stocks Mixed, WTO Warns Protectionism, Legal Pot And Teens, US Labor Force Geography, US Elderly Labor Force, ECB To Pay Banks To Make Loans, Aging Japan And More

Written by

Early Bird Headlines 22 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.

early-bird-301-180

Global

asia.pac.2016.jun.22

  • WTO warns on rise of protectionist measures by G20 economies (Financial Times) The surge in antitrade rhetoric around the world is being accompanied by a rise in the introduction of protectionist measures by the world's leading economies, the World Trade Organization has warned. The WTO said in a report released on Tuesday that between mid-October of last year and mid-May of 2016 G20 economies had introduced new protectionist trade measures at the fastest pace seen since the 2008 financial crisis, rolling out the equivalent of five each week.

U.S.

  • In SolarCity Bid, Tesla's Musk Targets Customer Who Wants It All (Bloomberg) Tesla Motors Inc.'s offer to buy SolarCity Corp. would combine two already deeply linked companies to offer clean energy enthusiasts a one-stop shop. According to billionaire Elon Musk, Tesla electric vehicles would return nightly to homes powered by SolarCity's rooftop power systems. Energy stored in Tesla batteries could be used to recharge the cars. Analysts are criticizing the deal because both Tesla and Solar City are strapped for cash and having trouble funding needed expansion.

  • Now we know what happens to teens when you make pot legal (The Washington Post) Rates of marijuana use among Colorado's teenagers are essentially unchanged in the years since the 2012 legalization of "the weed" for recreational use.

  • The Latest Look at Long-Term Trends in Employment by Age Group (Advisor Perspectives dshort.com) The prime working years has faded in work force participation since 2000 while 65-and-older has grown. See also next article.

  • Where are the nonworking prime-age men? (Brookings) On Monday, the White House Council of Economic Advisers (CEA) released a report examining the long-term decline in the share of prime-age men (aged 25 to 54) who are either working or actively looking for work. What economists call the labor force participation rate for this population decreased from 98% in 1954 to 88% today, the second largest decrease among OECD countries. Of great concern is the large number of metropolitan regions with very low rates of work among prime-age men. These include many small former industrial centers in states like Michigan, Indiana, and Ohio; areas of West Virginia and Louisiana that rely on declining-employment industries like mining; and long-struggling agricultural economies in Arkansas, Texas, and inland California.

Click for larger image at Brookings Institution.

EU

  • ECB Set to Test Attraction of Paying Banks to Take Its Money (Bloomberg) Starting tomorrow, euro-area banks can bid for a four-year loan from the ECB at an interest rate that begins at zero and could ultimately be negative. The net take-up, after institutions repay their borrowings from an earlier and less-generous program, is likely to be 50 billion euros ($57 billion), according to a Bloomberg survey of economists. The result of the operation, the first of four, will be published on Friday.

UK

Boris Johnson and Sadiq Khan have crossed swords on live TV over the implications of a Brexit for London, ahead of Thursday's referendum vote.

Addressing 6,000 people in London, Khan blasted Johnson over the Leave campaign's focus on immigration, while Johnson returned fire over the UK's loss of sovereignty.

The current mayor accused his predecessor of "project hate", while Johnson said Khan was "completely wrong" over the UK's ability to contradict European courts.

Khan argued that scores of jobs in London are "directly dependent" on the European Union, but the Conservative MP accused him of "running down of our city and country".

  • UK GDP Before and After EU (Twitter) Hat tip to Ninja Economics. GDP growth has declined under the EU but relative growth has been top of the list.

uk.gdp.before.and.after.eu

uk.employment.1971.2015

Japan

  • Japan's dementia crisis hits record levels as thousands go missing (The Guardian) A record number of Japanese people with dementia went missing last year, according to figures released on Thursday, underlining the country's battle to care for the rapidly increasing number of people who have the condition. The national police agency said 12,208 people with dementia were reported missing in 2015 - an increase of 1,452 from the previous year. Most had wandered off and were found within a day to a week, but 479 were found dead and 150 have yet to be located. Japan will have more of this to contend with because more than 25% of its population 65-and-older, with the proportion to grow even larger in coming years. See next article.

  • Japanese Finance Minister Reminds Elderly "Hurry Up & Die" (Zero Hedge) Japan's population is declining as the birthrate is insufficient to replace the elderly as they die. For more see Documentary of the Week: Will the Japanese Become Extinct?

japan.ageing

North Korea

  • North Korea conducts dual tests of Musudan missile (The Guardian) North Korea conducted two back-to-back tests of its prototype Musudan missile on Wednesday, with at least one launch ending in failure and the second coming down well inside its theoretical range, according to details released by the South Korean defense ministry. The first test shortly before 6am local time was deemed to have failed by observers. A second missile flew about 400km (250 miles), South Korea's military said. The Pentagon said both missiles came down in the Sea of Japan after they were launched from Wonsan on North Korea's eastern coast. Both test were believed to be of an intermediate-range Musudan missile that is designed to reach US bases as far away as Guam. North Korea had previously carried out four failed Musudan tests in 2016, in a setback for a weapons program that ultimately aspires to develop a proven nuclear strike capability against the US mainland.

China

  • The Lonely Aftermath of China's One Child Policy (Bloomberg) China had 66 million registered one-person homes in 2014, or 15% of all households, compared with 6% in 1990, according to government data. The actual number may be as many as 83 million -- more than the population of Germany -- and could rise to 132 million by 2050, according to Jean Yeung, director of the center for family and population research at the National University of Singapore.

single.households.china

>>>>> 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
Joan Robinson’s Critique of Marginal Utility Theory
The Truth About Trade Agreements - and Why We Need Them
News Blog
How To Stop Using Filler Words Like Um And Uh
02 December 2016: ECRI's WLI Growth Index Improvement Continues
Preliminary December 2016 Michigan Consumer Sentiment Highest Since Early 2015
October 2016 Wholesale Sales Improved
Rail Week Ending 03 December 2016: Finally A Positive Month
November 2016 CBO Monthly Budget Review: Total Receipts Up by 1 Percent in the First Two Months of Fiscal Year 2017
Infographic Of The Day: Copyright - Illegal Download
Early Headlines: Asia Stocks Mixed, Oil Steady, Bank Mafia, Trump To Remain TV Producer, US Life Expectancy Down, India Stocks Suffering, Park Impeached, China Struggles To Support Yuan And More
Heavy Metal And Hard Rock Albums That Went Certified Diamond Status
Down The Drain: Wastewater With The Most Cocaine
Apple's App Store Set For 5 Million Apps By 2020
How Can The UK Government Meet Its Legal Air Pollution Targets?
Most Gun Deaths In The United States Have A Tragic Motive
Investing Blog
Are Your Trade Entries Patient Enough?
Investing.com Technical Summary 08 December 2016
Opinion Blog
Looking At Everything: Trump's $1 Trillion Infrastructure Plan
The Global Financial Mess Is Due To Political Failure
Precious Metals Blog
Silver Prices Rebounded Today: Where They Are Headed
Live Markets
09Dec2016 Pre-Market Commentary: Wall Street Set To Open Flat, But On The Green Side, WTI Crude Attacking Resistance, Investors Ready For A Breather
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