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.

>> Click Here for Historical Wall Post Listing <<

What We Read Today 21 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.

  • As Sunnis, Shiites Battle, Are Iraq's Kurds Preparing to Declare Independence? (Robert Windrem, NBC News) A new independent country of Kurdistan is a possibility but a confederation within a restructured Iraq with two or more autonomous regions is still a possibility. One thing is likely, however, and that is that the Kurds will control a larger area in the future and will strengthen their autonomy, if not complete independence.


  • Debunked: 5 Lightning Myths That Could Kill You (Jonel Aleccia, NBC News) You don't have to be in a storm to be in danger. If you can hear thunder get into shelter. And ground lightning is just as dangerous as a strike from the air. Read the detailed list of five myths.

Today there are 7 articles discussed 'behind the wall'.

Please support all that we do at Global Economic Intersection with a subscription to our premium content 'behind the wall'.

You get a full year for only $25.

  • Tweet of the Day:


  • SCOTUS rules inherited IRAs are not retirement funds (Susan Jordan, Employee Benefit News) Retirement funds such as IRAs and 401(k) accounts are protected from claims of creditors under U.S. bankruptcy law. The Supreme Court has ruled that an inherited IRA does not qualify as a retirement account for the beneficiary and is therefore subject to claims of creditors in a bankruptcy proceeding.
  • They Belong in Prison, Not on TV (William Rivers Pitt, Hat tip to Rob Carter. A very harsh critique of our (mis-)adventures in Iraq from one whose criticism started in August 2002.
  • Performance for pay? The relation between CEO incentive compensation and future stock price performance (Michael J. Cooper, Huseyin Gulen and P. Raghavebdra Rau, Social Science Research Network) The authors plotted "abnormal returns" (substantially the difference between industry averages and the individual companies) and found that the highest executive compensations packages appear to be extremely extractive of company value as reflected by the accumulated loss in stock price over the three years following the measured compensation. For companies with the lowest executive compensations there was also a small negative relative to the "normal returns". Note: Presumably there were one or more groups of pay levels that gave a positive result for shareholders (to produce an industry average deviation of zero), but that was not displayed.


  • US oil refiners taking advantage of changing energy landscape (Walter Kurtz, Sober Look) Increased pipeline capacity as well as higher rail traffic to the gulf coast refiners has dramatically reduced the "oil glut" at Cushing, Oklahoma. Kurtz provides another graph which shows the refinery capacity utilization rising in mirror image of the inventory drop. Will there be enough increased new supply to keep this refinery production going or will we see crude shortages driving up fuel costs after the Cushing oversupply is all gone?


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, 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.

Econintersect Behind the Wall

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.

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

 navigate econintersect .com


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 - 2018 Econintersect LLC - all rights reserved