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 16 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".).

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

Global

  • As Tons of Bug-Infested Rice Rots, El Nino Threatens More Damage (Bloomberg)  A rice glut that sent prices slumping more than a year ago is shrinking, just as El Nino arrives to parch paddies across Asia.  Global inventories were already heading for an eight-year low, including stockpiles so spoiled that top exporter Thailand may sell most for industrial use. Now, the first dry-weather pattern since 2010 is threatening crops in the Philippines, Indonesia and India.  Follow Sig Silber's weekly global weather and climate report to keep up with what happens with El Nino going forward.  Note graph below which shows the historically unusual (recently) situation of a rice production deficit at the present time.  See also next article.

rice.surplus.fades

global.aquifers

U.S.

Greece

greece.moving.back.with.parents

Russia

China

  • The China Bubble is Going to Burst (Bloomberg)  It’s no longer a question of whether China’s stock-market rally is a bubble, but when the bubble will burst.  That’s the refrain from a growing number of analysts as valuations climb to levels that by some measures already exceed the peak of China’s last equity mania in 2007.
  • Chinese Uber Rival Will Raise Funds at $15 Billion Valuation (Bloomberg)  Taxi applications backed by Alibaba Group Holding Ltd. and Tencent Holdings Ltd. are seeking to raise funds that value the company at $12 billion to $15 billion, people familiar with the matter said.  Xiaoju Kuaizhi Inc. is raising at least $1.5 billion to fend off Uber Technologies Inc. in China.

What was the wealthiest society in history, with the least income inequality? (Quora)  Answer from Prof. Alex Tabarrok, Professor of Economics, George Mason included the following graphic.  There appears to be a trend from upper left to lower right.  However, even through we do not have the raw data to calculate the best fit regression line (trend line) we can make a judgmental estimate that the correlation coefficient would not be sufficiently large to convince us of the quality of the trend line.  (We would want greater than 0.7 to feel any confidence that there could be a primary relationship between decreasing inequality and GDP per capita; and R > 0.8 for more reliable result.  We would be very surprised to find that R > 0.5 for the scatter displayed.)  However there a pattern in the data which encourages us to think there might be such a relationship.  In the second graph below we have drawn the boundary lines for the scatter plot data and these boundaries do suggest a possibe relationship is contained within the data but overall correlation may be diminished because of additional variables not controlled across all the data point conditions.

 inequality.gdp.per.capita.600x500

inequality.gdp.per.capita.600x500.annotated


Natural Gas Drives Coal Down (Walter Kurtz, The Daily Shot)

coal.nat.gas


Other Economics and Business Items of Note and Miscellanea

  • Richard Thaler and the Human Side of Economics (Bloomberg View)  Thaler began his career as an economist who asked the sorts of questions that gave his academic advisers fits. He was fond of identifying where actual human behavior differed from how economists theorized people behaved. The distinction between real people and homo economicus was so stark that a new field of economics was born. His new book, "Misbehaving," documents the rise of the field he helped found.  Listen to a Barry Ritholtz interview.


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.







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