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What We Read Today 20 June 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 included.

  • ISIS Insurgents Listed Atrocities In Annual Report (Jim Michaels, The World Post) The Islamic State of Iraq and Levant (ISIS) has published an annual report. In it they catalog all operations and compare 2013 activity to the prior year. The report details explicitly each assassination, suicide bombing, knifing and even "apostates run over". The report also details conversions: "apostates repented". The report itemizes 537 car and truck bombings in 2013, up from 330 in 2012.

The top Iraqi officer in Mosul, whose forces fled with hardly a fight as ISIS militants and their allies took over Iraq's second-largest city, is an accused torturer who was once targeted by the U.S. military and the Iraqi criminal justice system.
  • How Dying Became A Multibillion-Dollar Industry (Ben Hallman, The Huffington Post) This is a comprehensive investigative journalism report. Hospice, which started as a not-for-profit concept is now dominated by profit-making corporations.
...mounting evidence indicates that many providers are imperiling the health of patients in a drive to boost revenues and enroll more people, an investigation by The Huffington Post found.
  • Solar panels made three times cheaper and four times more efficient (Darren Quick, Giz Mag) An order of magnitude improvement in lowering cost pf solar power is promised by this new design technology which uses current photovoltaic cells.. If this promise is fulfilled solar power will be produced at a fraction of the cost of any other system.

solar-wind-electricity


Today there are 12 articles discussed 'behind the wall'.

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  • Is the recent US CPI increase just noise? (Walter Kurtz, Sober Look) Janet Yell called the sharp rise in CPI just "noise" this week. Others have called her an idiot, possibly senile and worse for the comment. The gold market obviously reacted as if the increase was more than just noise. We guess that there will be someone embarrassed in the coming months.

gold-sober-2014-jun-19

  • Who Won Iraq? (Tom Engelhardt, Tomdispatch.com, The Nation Institute) Hat tip to Rob Carter. Another case study, this one of delusions of grandeur and the possible creation of the world's first jihadist state, enabled by the world's greatest delusionist.
  • Monetizing QE bonds (Walter Kurtz, Sober Look) Some are suggesting that Japan's central bank should monetize some of the country's debt. That would be the effect if some (or all) of the government bonds bought by the Bank of Japan (QE operations) remained on the bank's books forever and were never paid off. Such action has been criticized by "hard money" people as a recipe for disastrous devaluation of the currency. But no accounting analysis has been offered to show how that could happen to a country that is experiencing long-term deflation, like Japan. Is Japan a bug in search of a windshield? If so, is the windshield a phantom?

japan-bond-holders-interest-rates

china-coastal-claims

  • Emergence of Single-Carrier Model Expected In Private HIX (Bruce Shutan, Health Insurance Exchange) What a joke! Private exchanges increasingly will feature single-carrier rather than multicarrier networks as well as more expansive product lines, according to a survey of more than 80 health care leaders who attended last month's 2014 Blue National Summit in Orlando, Fla. These won't be exchanges, they will be company websites set up to look like an exchange. Another effort to fool the public and prevent them from seeing competition.
  • Caterpillar sales still crashing (House and Holes, Macro Business) In a few more months it will two years since Caterpillar sales growth went negative in most regions. This is not a characteristic seen in a healthy economy.

Click on graph for large image.
caterpilar-sales-2010-2014-600.x450


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