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What We Read Today 29 September 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

Global

U.S.

“Wow. Wow. I'm stunned.  What it suggests is that Citizens United has become a symbol for what people perceive to be a much larger problem, which is the undue influence of wealth in politics.”

  • Americans Like Planned Parenthood More Than They Like Politicians (The Huffington Post)  Sixty-one percent of Americans want the government to keep funding the organization.  A smaller percentage have positive image of Planned Parenthood (PP) but the health organization far outranks the public image of many politicians (NBC/Wall Street Journal Poll rsults below.  Econintersect:  How can 47% positive image produce 61% funding support?  The total of positive and negative for PP is 78%.  If about 2/3 of those with neutral public image perception of PP support funding then the 61% squares with the 47%.

images.pp.and.politicians

  • Tropical Storm Joaquin to Track Near East Coast, Escalate Flood Threat (AccuWeather, MSN)  Tropical Storm Joaquin may converge with another slow-moving storm in the East to create a serious flooding situation into early next week.  According to AccuWeather Chief Meteorologist Elliot Abrams, "The dry spell and local drought conditions will be washed away by heavy rain and possible flooding."  The rainfall will occur in several stages through early next week. Each stage will bring the risk of flash and small stream flooding. Each subsequent stage will increase the coverage and severity of flooding, as well as the extent of travel delays and disruptions to outdoor activities.  For more details and latest storm track go here and here.

joaquin

Egypt

  • Egypt says King Tut's tomb may have hidden chambers (Associated Press)  Is king Tut's mother, Nefertiti, who was famed for her beauty and was the subject of a famous 3,300 year-old bust, buried in the same tomb as her son?Nefertiti was the primary wife of the Pharaoh Akhenaten, who introduced an early form of monotheism. Akhenaten was succeeded by a pharaoh referred to as Smenkhare and then Tut, who is widely believed to have been Akhenaten's son.  British Egyptologist Nicholas Reeves theorizes that Smenkhare may have been a name assumed by Nefertiti who disappeared from the historical record at the time of her husband's death.

Singapore

Earlier this month Singaporeans voted and returned the People’s Action Party to power for the next 5 years. This was despite 5 years of performance issues where policy and governance failures were repeatedly questioned by the public. Three main factors explain the big swing back to the ruling party. Firstly, the timing of the election called after the country’s Golden Jubilee celebration and gratitude for Singapore’s founding leader, Mr Lee Kuan Yew, who passed away in March. Secondly, voters appreciated the recent redistributive social policies; namely, the 2014 Pioneer Generation Package to close the income gap and the 2015 Medishield Life to improve healthcare for the growing aging population. Thirdly, the PAP presented a softer image through consultative efforts involving dialogue sessions to repair the strained government-society relations since the last election.

Japan

japan.monetary.base

japan.nom.gdp.1994.2014


Interest Rates Haven’t Been This Low Since 3,000 B.C. (Casey Daily Dispatch)  Warning signs in credit markets include (1) rising AAA corporate coupons while Treasury yields decline - first graph below; (2) sell-off in junk bonds - second graph below; and (3) investment grade bond yields are soaring - third graph below..

spread.corp.treas

junk.bonds

 corp.bond.yields

Other Economics and Business Items of Note and Miscellanea

  • Carl Icahn Warns America: ‘Danger Ahead’ (ThinkAdvisor)  Billionaire investor Carl Icahn has detailed a number of issues that concern him in a self-produced video titled "Danger Ahead" released today (Tuesday 29 September).:

icahn.video.2


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