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What We Read Today 08 February 2014

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number accepted.

  • The Post Office Should Just Become a Bank (David Dayen, The New Republic) The 10% of poverty level income (on average) is spent on financial services such as payday loans and exorbitant credit card fees. An new report by the U.S. Inspector General suggests that could be reduced by 90% by establishing a the Post Office as a bank. See also preceding article.


  • India to Build World's Largest Solar Power Plant (Sanjay Kumar, Nature, Scientific American) With a nominal capacity of 4,000 megawatts, comparable to that of four full-size nuclear reactors, the 'ultra mega' project will be more than ten times larger than any other solar project built so far, and it will spread over 77 square kilometers of land - greater than the island of Manhattan. This will triple the solar capacity in India.


  • January Employment 'Little Changed' - Rut-Roh (Steve Minter, The Global Manufacturer, Industry Week) Hat tip to Chad Moutray. This article points out that U.S. manufacturing employment had good momentum in the second half of 2013 and that continued with 21,000 more manufacturing jobs in January. For all of 2013 manufacturing employment grew by 195,000.


... your Social Security and Medicare are poised to be sacrificed on the altar of the Military – Industrial – Congressional Complex in the name of fiscal prudence.


  • Price Adjustments (Eric Shaefer, Advisor Perspectives Inflation is on a clear trend - down, i.e. disinflation.


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