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What We Read Today 16 November 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

  • 14 Years After 9/11, the War on Terror Is Accomplishing Everything bin Laden Hoped It Would (The Nation)   Al Qaeda goaded us into doing what it had neither the resources nor the ability to do.  And now ISIS is expanding the strategy.  The author says we have responded to 9/11 in a way that created a world Osama bin Laden could only dream of.  Read this article for a stunning accounting of recent history.  See next article (in U.S. section).

U.S.

EU

  • The Islamic State’s trap for Europe (The Washington Post)  The Islamic State’s strategy is to polarize Western society — to “destroy the grayzone,” as it says in its publications. The group hopes frequent, devastating attacks in its name will provoke overreactions by European governments against innocent Muslims, thereby alienating and radicalizing Muslim communities throughout the continent. The atrocities in Paris are only the most recent instances of this accelerating campaign.

UK

  • World’s first floating wind farm to be built off Scottish coast (Giz Mag)  There are plans to put the blustery North Sea to use.  In a deal between the Scottish government and Norwegian oil company Statoil, five wind turbines with a capacity of six megawatts each will be set on floating structures some 15 miles (25 km) off the northeast coast of Scotland near Peterhead. The Hywind pilot park, as it's named, is claimed to be the first floating wind farm in the world, and will generate enough power for 20,000 homes with operations expected to start in late 2017.  Click on image below for slide show.

hywind.offshore.farm

Saudi Arabia

Japan

  • Japan's economy falls back into recession again (BBC News)   Japan's economy has fallen into recession again after it shrank 0.8% on an annualised basis in the third quarter.  The preliminary data means the world's third-largest economy has contracted for a second consecutive quarter, marking a technical recession.  Growth was expected to decline after it fell a revised 0.7% in the second quarter on weak domestic demand.  Japan has been in recession four times since the global financial crisis.


Why Germany Need Migrants (Walter Kurtz, The Daily Shot)  The reason is aging demographics with a growing demand for workers.

germany.needs.immigrants

Other Economics and Business Items of Note and Miscellanea

  • World's first "porous liquid" could be used for CO2 sequestration (Giz Mag)  Researchers at Queen's University Belfast (QUB) have created a new class of liquids that feature permanent holes at the molecular level. The properties of the new materials are still largely unknown, but what has been gleaned so far suggests they could be used for more convenient carbon capturing or as a molecular sieve to quickly separate different gases.  Other porous materials fill jack-of-all-trades roles of the engineering world. Their larger surface area, lighter weight and filtering abilities are used to create high-performance batteries and supercapacitors, build lighweight supermaterials, or filter out CO2 before it leaves factory smokestacks.  Having this capability in liquid form makes the possibility much greater of easily retrofitting existing engineering facilities that are producing lareg amounts of CO2.

  • The economics of humanity (Mohave Valley Daily News)  There is a rather ill advised reference (as an economic success) to "“Coolidge shrunk the federal budget by 25 percent in one term", which some would suggest was a primary contributor to the Great Depression.  But there is also an insightful sound bite:

“People think that economics is about math and it is not. Economics is instead a science about human beings. It’s about understanding how human beings are different from every other species under the sun.” 

mercury.encke


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