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 24 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".).


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



  • Capital Economics picks rapid US interest rate rise (Digital Look)  Research firm Capital Economics has forecast faster rate hikes in the United States off the back of unemployment data.  Policy rates in the US are heading for 3% by 2016, but only around 1% for the UK, it said in a note.
  • Senate Sends Fast-Track Free-Trade Bill to Obama for Signing (Bloomberg)  The Senate sent President Barack Obama legislation granting fast-track trade-negotiation authority, a hard-fought victory intended to aid completion of an agreement with Pacific nations that is a top second-term priority.  According to this article, Republicans have pledged to vote for a workers assistance bill to aid any whose jobs are lost because of trade under the TPP (Trans Pacific Partnership).  There has been skepticism that the GOP would follow through on that issue.  See next article.
  • TPP: 13 Democratic Senators Invite Republicans to Make Them Laughing Stocks and More Serious Matters (Joseph M. Firestone, New Economic Perspectives)  This continues a series of articles about the congressional process and progress of fast-track legislation for trade treaties.  One major focus repeated in this article concerns the issues of corporate interests usurping sovereign power through private "court systems" now embedded in trade agreements.  Econintersect:  It seems that the issue here is whether trade agreements are about trade or about freedom of corporations to get around sovereign laws of member nations.   Previous articles in the series by Firestone posted on GEI Opinion include:



  • Landmark Dutch court ruling on greenhouse gas cuts could have international impact (The Globe and Mail)  Hat tip to Lorne Warwick, Newsana.  A district court ordered the Dutch government on Wednesday to cut greenhouse gas emissions faster than currently planned in a rare use of the legal system to curb global warming.  A judge in The Hague said the state must “ensure that the Dutch emissions in the year 2020 will be at least 25% lower than those in 1990” as the Netherlands’ fair share to avert more heat waves, floods and rising sea levels.



  • Unlearning Economics: Power supply up, tariffs up too (Indian Express) Article says that, even as plants are idling and there is hardly any uptick in demand, the number of states that have sought a hike in power rates is steadily increasing.  After some details are reviewed, the bottom line is that India has over built electrical generation capacity needed for current demand.  Econintersect:  The question is whether India will need the extra capacity in the future and, if it does, then what is the best policy now:  pay to maintain capacity or mothball and restore capacity later?
  • Good Economics Meets Good Politics In Maharashtra (Swarajaya) Jalyukta Shivar Abhiyan, the ambitious irrigation scheme launched by the BJP-Shiv Sena government in Maharashtra, is proof of how meticulous planning and quality execution can impact the outcome of a government initiative.

Data from Europe (Walter Kurtz, The Daily Shot)  Graphics from Kurtz show a possible new stabilization area for the euro and continuing good news from Eurozone PMI numbers.



Other Economics and Business Items of Note and Miscellanea

[Interest] rates will then rise with inflation and so will share prices. With a rising dollar, foreign investors will be pouring into the States just as they did into Japan between 1987 and 1989.

Lee-Rubio is, however, not a flat tax. Nor does it prioritize deeply cutting top personal income tax rates. In those two significant ways, what Rubio is offering is different than the plans being offered by some other GOP presidential candidates.

Still, the plan’s proposed top rate of 35% is six percentage points lower than the average top rate of 41% that existed during the 1983-2007 Long Boom. Oh, and it also completely eliminates investments taxes and radically transforms the corporate tax code. So pretty growthy.

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

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
Middle East / Africa
USA Government



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved