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 dayin the early am at GEI News (membership not required for access to "The Early Bird".).
Republican Governors Say They Will Reject Syrian Refugees (The Huffington Post) There is a predictable reaction to the fact that at least one of the Paris attackers appears to have entered Europe as a refugee this fall. Nine Republican governors said Sunday and Monday that they will block Syrian refugees from resettling in their states, based on concerns about terrorism after attacks in Paris last week. The states are Alabama, Arkansas, Illinois, Indiana, Louisiana, Massachusetts, Michigan, Mississippi and Texas. Florida Gov. Rick Scott (R) said his state will block funding for resettling Syrian refugees but doesn't have the power to prevent them from coming. Also see House Homeland Security chair calls for U.S. to stop admitting Syrian refugeesandNow 13 governors are saying no to Syrian refugees. Econintersect: 19th century immigrants from Ireland and other European areas should never have been admitted because the countries had violent revolutionaries, the terrorists of their day?
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.
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.
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.
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.”
New study reveals that Mercury experiences yearly meteor showers (Giz Mag) According to a new study, the planet Mercury experiences regular meteor showers at roughly the same time each year, as it moves through a trail of dust thrown off by the ancient comet Encke. The work was presented at the annual Meeting of the Division of Planetary Sciences of the American Astronomical Society at National Harbor, Maryland. Read full article.
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