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 15 October 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


  • Economics of the Water Crisis (  Article makes some interesting assertions (with references).  Two of them are:  Every $1 invested in water and sanitation provides a $4 economic return; and $260 billion is lost globally each year due to lack of safe water and sanitation.


  • Obama scraps Afghan troop withdrawal, passing war on to next president (Al Jazeera)  Policy reversal extends US military presence in Afghanistan past 2016 to guard against Al-Qaeda, ISIL and Taliban.

  • How Congressional Chaos Could Make It Harder to Measure Economic Growth (The Wall Street Journal)  A legislative delay may cause a key government economic survey to be scrapped for the quarter, depriving a half dozen agencies, including the Commerce Department and Federal Reserve, of data that they use to build some of the nation’s main economic indicators, including the gross domestic product and the nation’s flow of funds.  At the heart of this potential mishap is a little known and uncontroversial program from the Census Bureau that surveys U.S. businesses. The survey required reauthorization at the end of September, but with lawmakers confronting a potential government shutdown and disarray in the House of Representatives, the required legislation to keep the survey alive floundered.  Few have ever heard of the survey, known as the Quarterly Financial Report program, because it collects data from companies, not households. And the report, though it is released by itself, is not closely followed by financial markets or the media. The report’s importance comes because it’s used to build other key reports that are widely followed: measures of gross domestic income, corporate profits and the Federal Reserve’s financial accounts of the U.S.  Steve Landefeld, the former director of the Bureau of Economic Analysis, the agency charged with, among other things, producing the GDP report commented:

“The problem here is we’re at a pretty critical juncture for the economy,”  “If you’re the Federal Reserve Board or any type of policy makers, the economic outlook is pretty unclear right now.”


  • Migrant crisis: Merkel says EU must secure external borders (BBC News)  All EU countries must be prepared to send security staff to the bloc's external borders, German Chancellor Angela Merkel has said.  She said it would be unfair to ask EU countries seeing the majority of initial migrant entries to secure borders as well.


  • APNewsBreak: US analysts knew Afghan site was hospital (Associated Press)   American special operations analysts were gathering intelligence on an Afghan hospital days before it was destroyed by a U.S. military attack because they believed it was being used by a Pakistani operative to coordinate Taliban activity.  It's unclear whether commanders who unleashed the AC-130 gunship on the hospital — killing at least 22 patients and hospital staff — were aware that the site was a hospital or knew about the allegations of possible enemy activity. The Pentagon initially said the attack was to protect U.S. troops engaged in a firefight and has since said it was a mistake.

The "1%" Own Half The World's Assets: The Stunning Chart (Tyler Durden, Zero Hedge, Talk Markets)  The chart shown below from this article shows the global weath distribution divided into seven regions.  We have added two vertical lones to divide the perscentiles into three equal groups.  The absence of a middle class in North America is astounding,


Other Economics and Business Items of Note and Miscellanea

  • A Stimulus Junkie’s Lament (Social Europe)   What is the unusual feature of this recovery compared to previous recessions?  It is fiscal austerity. In the past governments have not generally cut spending or increased taxes just as recoveries have begun, but this time they did. Now perhaps the slow recovery and fiscal austerity are not related. But textbook macroeconomics, a large majority of economists, and all the macro models I know say they are. If German officials and economists continue to ignore this fact, they will lose international credibility.

  • Rocking the establishment: Thomas Piketty’s challenge to orthodox economics (euronews)  From the interview below:

"The drama of Europe over the past 10 years is that we've had a lost decade. We're going to end up in 2017 with a GDP level which is barely the level of 2007."


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

 navigate econintersect .com


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