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 08 March 2015

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.


America needs to have just two time zones and the world should follow suit (Ritchie King, Quartz)  Commerce is already operating with many in the Central time zone coordinated with New York and those in the Mountain time zone operating in conjunction with Pacific coast time.  Why not make it official and have just two official time zones for the lower 48?  See map below.  And Hawaii plus all Alaska would be in the next time zone west of California.  The author then says that the entire globe should move from 24 time zones to 12 (two hours apart).  This would allow Russia to reduce the current 9 time zones to 4 (possibly even 3), put much of Europe in one time zone (from Ireland and Portugal to the western shore of the Black Sea) and allow India to abandon their split hour arrangement.*  Mumbai, New York and London would all be changing hours at the same second, not having to figure out what the 30 minute time shift in Mumbau is producing.  Australia could have a single time zone (shared with Japan and most of Indonesia) and China two (the western one shared with India).

*India has two time zones.  To allow the country to have all areas on the same time they shift the clock 30 minutes ahead in the eastern half of the country (earlier time zone) and 30 minutes back in the western half of the country (later time zone).  When the clock changes the hour everywhere else in the world it is changing the half hour in India.

time.zones.us


Articles about events, conflicts and disease around the world

U.S.

Greece

Iran

Russia

India

Canada



Government renewables subsidies show costs falling (GreenPeace)  Solar energy projects in the UK will not get any government subsidies after April 2015.  What a blow for renewable energy?  Quite the contrary, the subsidies have been designed to make renewable projects whole if they sell electricity into the grid at market prices.  Solar gets no more subsidies because projects completed are now delivering electricty at lower cost than the going rate for non-renewable sources.  Off-shore wnd will still be eligible for subsidies going forward. 

One curious note in this article:  Solar may be cheaper than other production technologies, but solar installation construction and planned construction is down in the UK by 99% for 2015 compared to 2014.  Either that will change or the numbers reported above are bogus.  Econintersect discards the other possibility (that utilities will voluntarily reduce profit margins).

energy.renewable.prices.uk


Baltic Dry Index:  Slight Gain, Still in Pain (Constantin Gurdgiev, true economics)  Constantin Gurdgiev contributes to GEI.  Over the past twelve months the BDI has dropped from 1391 to 559.  The BDI is based on the fees that shippers are charging for trans-ocean freight transport and is considered a measure of the health of trade.  Gurdgiev says:

It will take a hell of a lot more 'improvement' to get us back to even remotely normal trading conditions.

baltic.dry.2015.mar.03


Found on LinkedIn, no hyperlink available:

chris.kimble.update.2015.mar.06


Dow's daily active weightings not what you think (Eric Chemi, CNBC)  AT&T is leaving and Apple is coming in.  The new Dow 30 will be dominated by Goldman Sachs and Apple with their movements together averaging 26% of the daily price change of the index.

dowgoldmanapple


Euro Area GDP per capita: the legacy of the crisis (Constantin Gurdgiev, true economics)  The U.S., UK and 15 of the 18 eurozone countries are still in depression (haven't yet recovered to pre-crisis level of GDP per capita) according to this analysis by GEI contributor Constantin Gurdgiev:

eu.uk.us.depression.gurdjiev


Other Economics and Business Items of Note and Miscellanea

There are only three articles here today because we think you should READ ALL THREE!

The time for a new economics is at hand (Al Jazeera)  "One of the biggest weaknesses of U.S. economists and economics these days is the inability to think creatively."

Operation Rent Seeking (Mike Lofgren, Washington Monthly)  Hat tips to Chuck Spinney and Roger Erickson.  "How the war on terrorism became a business model."  This is a book review for Pay Any Price: Greed, Power, and Endless War by James Risen.

Why People "Fly from Facts" (Scientific American)  People accept facts that support their beliefs; they deny facts that contradict beliefs.  Econintersect:  Many minds reject the idea of uncertainty and beliefs are an avenue to certainty.  Facts, on the other hand, can be changed with new information and therefore always have a shadow of uncertainty lurking.  Ergo, many prefer beliefs to facts when there is a conflict because belief is absolute and absolute is easy.



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



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
Slow Economic Growth Will Be Around For A Long Time
The Job Guarantee, Wage-Price Inflation And Alternative Solutions: Part 2
News Blog
Early Headlines: Asia Stocks, Dollar, Oil All Down, Gold Up, Border Wall Obstacles, US To 'Fix' Gov With Business Ideas, ACA Death Spiral, US C-I Lending Down, Merkel Election Boost, And More
Most Read Articles Last Week Ending 25 March
Funded By The Crowd
U.S. Top Source Of DDoS Attacks In Q4 2016
How Artificial Intelligence And The Robotic Revolution Will Change The Workplace Of Tomorrow
Amazon's Alexa Is A Fast Learner
What We Read Today 26 March 2017
NASA's Plan To Use A Giant Magnet To Make Mars Habitable
Mexico Faces Cloudy 2017 Outlook, Recent Data Mixed
Money Market Funds And The New SEC Regulation
Life Cycle Hypothesis
How Tight Is The U.S. Labor Market?
Infographic Of The Day: President Trump's Budget Would Make Big Cuts To Agencies Which Focus On Science
Investing Blog
Market And Sector Analysis 25 March 2017
Earnings: A Lot Less Than Meets The Eye
Opinion Blog
Is The 20th Century Still The 'Hayek Century'?
Yellen's Dangerous Glass-Steagall Repression
Precious Metals Blog
These Gold Stocks Will Produce Much Bigger Gains Than Gold Itself
Live Markets
24Mar2017 Market Close: Trumpcare Collapses But Little Affect On The Markets
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































 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 - 2017 Econintersect LLC - all rights reserved