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 11 May 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.

The rest of this post is available only the GEI Members.  Membership is FREE -  click here.


Articles about events, conflicts and disease around the world

U.S.

UK

Yemen

  • Why so many children are fighting in Yemen’s civil war (The Washington Post)  Hundreds and possibly thousands of boys are fighting in Yemen’s conflict, according to rights groups and aid workers. Many are between the ages of 13 and 16, the groups say. Experts cite worsening poverty in the Arabian Peninsula country as a major reason children are joining armed groups.

Saudi Arabia

Pakistan

China

Malaysia

  • 1,600 Rohingya and Bangladeshi migrants land in Indonesia, Malaysia (Al Jazeera)  Authorities in Langkawi detain hundreds of boat people they said arrived 'illegally' in the Malaysian resort.  Migrants from Bangladesh, Myanmar and Thailand are trying to reach Malaysia, some landing, apparently in error, in Indonesia.  Ethnically the people seem to be predominantly Bangladeshi and Rohingyas.  See also next article.
  • 'Thousands' of Rohingya and Bangladeshi migrants stranded at sea (BBC News)  As many as 8,000 people are believed to be stuck on boats as a Thai crackdown on recent arrivals meant many smugglers were now reluctant to land.  Bangladeshi migrants, and ethnic Rohingyas who face persecution in Myanmar, are normally brought by people smugglers to Thailand where they are effectively held ransom until they can raise money for their onward journey to Malaysia and beyond.


  • There's been a stunning development in corporate America (Akin Oyedele, Business Insider)  After more than 3 months of numbers indicating an earningscontraction for the S&P 500 in the first quarter, as earningsreports are coming toan end there is actually a small increase ion earnings.  What is the biggest factor?  Positive earnings surprises from the energy sector.

q1.2015.earnings


birth.rate.unemployment


  • The Projected Improvement in Life Expectancy  (Bill McBride, Calculated Risk)  Bill has used the data from the CDC United States Life Tables, 2010 by Elizabeth Arias.  That data indicates that the "peak age" for year of death remained pretty much the same for those born 1902 to 1950 (although the distribution of age of death changed significantly) the projection for those born in 2010 is ten years older than those born in the first half of the 20th century.  That corresponds to s future world with many more centenarians than we have today.

us.life.expectancy.history.600x400
 




 

Other Economics and Business Items of Note and Miscellanea

  • This $9 computer could change the economics of building hardware (Fortune)  A group of entrepreneurs in an Oakland, CA garage has built a $9 computer called Chip that could end up reducing the cost of building smart devices to less than $100 per gadget.
  • How To Use Economics & Not Be Used By Economists (The Real News Network)  In trying to make economics very logical and scientific,Neoclassical economists have adopted this very narrow view of individuals.  This narrow view is very unrealistic because it is assumed that people are basically very rational and very self-seeking.  Econintersect:  And what is worse, this assumption is embraced as an economic "law".  How can you argue with someone who will tell (falsely) you that their analysis is objective, scientific analysis, and therefore you cannot question it?
  • Volvo factory to bring 4,000 jobs to South Carolina (CNN Money)  The Berkeley County factory will be operationalby 2018, creating 2,000 jobs by 2025 and 4,000 by 2030.  See next article.

Volvo has few U.S. sales, non-descript products, a paltry number of dealers, and a brand reputation in this country that most charitably can be described as dormant. So there aren’t a lot of reasons to believe Volvo’s fortunes in America will change much, especially over the short term. Yet the company seems determined to erect a plant in the United States anyway.

  • Uber looking to raise up to $2 billion (MarketWatch)  Uber Technologies Inc., the  San Francisco-based ride-sharing company which is the world’s most highly capitalized startup, plans to raise another large round of funding between $1.5 billion and $2 billion.  This would value the company at $50 billion or higher.
  • Uber Update: $50 Billion-Plus Valuation? (Michael Haltman, LinkedIn)  Michael Haltman has contributed to GEI.  With private equity funding imputing an IPO valuation higher than $50 billion,  Haltman asks if this makes sense.  This makes the pre-IPO valuation of Uber even higher than Facebook at the same stage.  He points out there is ine glaring difference between the two:  Facebook was making a profit of $600 million at this stage while Uber has been and still is unprofitable.

uber.valuation



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
Why Long-Run Theories of Profit and Accumulation Fall Short
Brexit - Who Wins and Loses
News Blog
Early Headlines: Asia Stocks Up, Dollar And Oil Down, Gold Stable, Trump Tax Plan Today, Trump Reviews National Monuments, UK Deficit Lowest In 10 Years, China Banking Crisis, Canadian Lumber Tariff, And More
Jesus Christ vs. Confucius
2016 The Worst Year So Far For Syria's Children
Macron And Le Pen To Face Off For French Presidency - But She Won't Be Pleased With First Round Result
Best Selling Hard Soda Brands In The U.S.
What We Read Today 25 April 2017
April 2017 Chemical Activity Barometer Suggests Continued Growth Through 2017
Final April 2017 Michigan Consumer Sentiment Slips but Remains Strong
Richmond Fed Manufacturing Survey Again Improves In April 2017.
March 2017 Headline New Home Sales Improve and Above Expectations
Case-Shiller 20 City Home Price Index February 2017 Shows 5.9 % Year-over-Year Growth
Infographic Of The Day: Comparison Of Population Density
Early Headlines: Asia Stocks, Dollar, And Oil All Up, Gold Down, China Stocks Diverge, Bankrupt Retail, Courtiers To Palace Wed., US Starts Trade War With Canada Over Lumber, And More
Investing Blog
How Broken Is The Market?
Investing.com Technical Summary 24 April 2017
Opinion Blog
Trump Just Imposed A New Tax On Lumber
The Euro Is Stronger Than You Think
Precious Metals Blog
A New Age For Gold
Live Markets
25Apr2017 Market Close: Nasdaq Pushes Above 6,000; Dow Broke 21k Before Pulling Back; Dollar And Gold Slide While Oil Advances
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