>> Click Here for Historical Wall Post Listing <<
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 (and sometimes longer ones) 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.
This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).
BECOME A GEI MEMBER - IT's FREE!
Every day most of this column ("What We Read Today") is available only to GEI members.
To become a GEI Member simply subscribe to our FREE daily newsletter.
Supreme Court playing with fire in Obamacare case (Joan McCarter, Daily Kos) The effect of SCOTUS ruling on arguments presented this coming week would be an average increase in health insurance costs of 256% for people in 34 states. Outcome will not be known until the ruling comes in June. The case is King v. Burwell in which one lower court has ruled that the wording of Obamacare law prohibits the payment of premium subsidies for policies purchased through the federal exchange Healthcare.gov. See two more articles discussed in Premium content (available only to newsletter subscribers. Newsletter subscription is free.
Articles about events, conflicts and disease around the world
Insurance Markets in a Post-King World (Larry Levitt and Gary Claxton, Kaiser Foundation) A ruling in favor of the plaintiff in King v. Burwell would destabilize the insurance markets in the 34 states not running their own insurance exchange marketplaces.
At least 6 Republican states revisit their stance of resisting Obamacare (Sandhya Somashekhar, Jason Millman and Lena H. Sun, The Washington Post) Movements are underway to try to get state legslatures to vote to establish healthcare insurance exchanges in South Carolina, Pennsylvania, Ohio, South Dakota, Maine and Utah. In the article it is said that there are nine states with bills under consideration:
Other states appear to be actively resisting a state exchange; specifically mentioned are Tennessee and Indiana. By implication that leaves 27 of the 38 states using Healthcare.gov with no action.
What Happened to Unions in the Midwest? (Melanie Trottman and Eric Morath, The Wall Street Journal) Unions are rapidly losing their grip on their onetime stronghold: the industrial Midwest. Michigan, ranked # 11 in 2014, down from # 7 in 2013 leaving Illinois (# 8) as the only midwestern state in the top 10. The top six states for union membership (in ranking order starting with # 1) are New York, Alaska, Hawaii, Washington, New Jersey and California. For the entire country union membership fell to 11.1%, down from 11.3% in 2013. Percentages and rankings are determined by union membership as a percentage of all employed. Econintersect will be presenting more work using this data at GEI Analysis.
Median Household Income by State: A Look at the Latest Data (Doug Short, Advisor Perspectives dshort.com) Doug Short is a regular contributor to GEI. Median household incomes vary over a wide range in the U.S. In 2013 New Hampshire was the state with the highest median household income, $71,322. In last place was Louisiana at $39,622. Below is a map showing the geographic distribution of incomes in 2013 and, for comparison, in 1983. Econintersect will be presenting more work using this data at GEI Analysis.
Why the Dip Into Deflation Should Be Short-Lived (Kathleen Madigan, The Wall Street Journal) The current deflation in the Consumer price Index (CPI) reflects the sharp drop in oil prices. Core inflation remains in the 1.5% to 2.0% range where it has been for the past two years. Madigan argues that, with oil prices stabilizing (or possibly rising), the negative energy factor will disappear from CPI and the total and core will become more equal again, presumably at the same level that has held for the core CPI over the past two years.
Growing Incarceration Contributed Little to Drop in Crime, Study Finds (Michael Mitchell) There are two things about the relationships between correlation and causation: (1) Absent additional evidence correlation does not prove causation; and (2) with no additional evidence correlation can disprove causation. The second statement is better written: Lack of correlation disproves causation. All that preface is directed at this excerpt:
Other Economics and Business Items of Note and Miscellanea
Negative Interest rates are Here to Stay (Frances Coppola, Pieria)
Can helicopter money be democratic? (Mainly Macro)
What Greece Won (Paul Krugman, NYT) Too early to be definitive, but potentially Greece won some fiscal flexibility.
Dudley: Why Fed may need to get 'more aggressive' (CNBC) Hawks are flapping their wings while to doves are still cooing. There are still no owls at the Fed.
The Libertarian Delusion (American Prospect) The ideal is perfect; the reality is not. The delusion is that there is actually a free market.
Where Macroeconomics Went Wrong (Simon Wren-Lewis, Pieria)
Hell no, we won't go! Homeowners who wouldn't budge (CNBC) Great slide show.
Education Department Terminates Contracts With Debt Collectors Accused Of Wrongdoing (Huff Post) The U.S. Department of Education, under fire for its lackluster oversight of student loan contractors, said Friday it will terminate its relationship with five debt collectors after accusing them of misleading distressed borrowers at "unacceptably high rates."
Econintersect Behind the Wall
|.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet|
|Asia / Pacific|
|Middle East / Africa|
This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved