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What We Read Today 13 June 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".).

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Articles about events, conflicts and disease around the world

U.S.

  • Mitt Romney gives a brutal PowerPoint critique of Obama’s foreign policy (The Washington Post)  Ever since Mitt Romney’s loss to President Obama in 2012, it has become a mantra in the Republican Party that on foreign policy especially, “Romney was right.”  In a stuffy mountain lodge here Friday night, Romney joined the chorus. Dusting off a page from his management consulting playbook, the former Republican nominee delivered a speech by PowerPoint to more than 200 corporate CEOs and other attendees of his annual ideas festival about what he deemed (and titled his slides): “The Most Consequential Obama Foreign Policy Mistakes.”
  • Gun killings fell by 40 percent after Connecticut passed this law (The Washington Post)  In 1994 Connecticut passed a law requiring a state issued permit before purchasing a gun.  Twenty years later gun deaths are 40% fewer when the law was implemented.
  • Hillary Clinton Calling For New Era Of Shared Economic Prosperity (Huffington Post)  She promised to carry on the liberal legacies of President Barack Obama, and former Presidents Franklin D. Roosevelt and Bill Clinton, her husband, saying "real and lasting prosperity must be built by all and shared by all."  Econintersect:  With the possible exception of FDR, she wants to follow the most notable failures at cretaing "shared prosperity"?  Give us a break!
  • In Des Moines, Bernie Sanders' Supporters Nearly Steal the Show (Bloomberg Politics)  While Hillary Clinton holds a rally in New York City, Sanders is packing them in across the first-caucus state.

Germany

  • Germany is bluffing on Greece (Al Jazeera)  This Mark Weisbrot Op Ed says that Berlin is not going to force Athens out of the eurozone anytime soon.  (Mark Weisbrot has contributed to GEI.)

Greece

Latvia

Syria

  • Syrian Kurds push deeper into Islamic State stronghold (Reuters)  The Syrian Kurdish YPG militia said it began an advance towards an Islamic State-held town at the Turkish border on Saturday, thrusting deeper into the jihadists' stronghold of Raqqa province in a campaign backed by U.S.-led air strikes.

This Is the Housing Chart That Keeps One Economist Up at Night (Michelle Jamrisko, Bloomberg Business)  The economist is Stan Humphries and the chart is below.  The tremendous overhang of underwater homes (more owed on mortgage that house is worth on the market) is a serious headwind for residential real estate markets, as is the continued high number of delinquent mortgages that have not yet gotten into foreclosure.  See Keith Jurow article this week in GEI AnalysisWhy the Housing Market Collapse is Set to Resume.

mortgages.underwater.2015.june


Other Economics and Business Items of Note and Miscellanea



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