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.
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Articles about events, conflicts and disease around the world
Number of US job openings jumped to a 15-year high in April (Associated Press) The Labor Department said Tuesday that the number of open jobs at the end of April jumped 5.2 percent to 5.4 million. The figure suggests that employers anticipate stronger customer demand in the months ahead. The last time there were this many jhob openings was the peak of the dot.com bubble and do you remember what happened to that anticipated demand back then?
This chart should terrify Russia's neighbors (Vox) Why should Russian neighbors who belong to NATO be worried? After all NATO is much bigger and more powerful than Russia. But maybe not willing - see graph below. Also, the roots of the Ukrainian crisis go far beyoind the question of Russian interference, as shown in the video below. Econintersect: Are we headed for a separation into Ukraine and East Ukraine?
Other Economics and Business Items of Note and Miscellanea
Calling the Turns: Why Market Timing Is So Hard (Research Affiliates) Investment managers’ underperformance relative to their benchmark generally results from unfortunate decisions in one or more of three areas: market timing, sector weighting or factor exposures, and stock selection. All three are seldom right at the same time.
Euler’s Theorem Denialism (Paul Romer) This is difficult to read if your are not deep into the weeds of the discussion. But the essential point that Romer makes in the various works that he criticizes is they are equivalent to using perpetual motion machines. In at least one case Romer discusses the authors actually state they assume a perpetual motion machine. How can one assume the impossible and then logically move to discuss the real world? Only in economic modeling, it seems.
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