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What We Read Today 04 June 2017

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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Topics today include:

  • Newspapers Fact Sheet

  • Lyme Disease: A Riddle, Wrapped in a Mystery, Inside an Enigma

  • I Got It Wrong on Oil Jobs and That's a Good Thing

  • CRAZY simultaneous rally of bonds & stocks

  • Middle East borrowing sets record pace as investors seek yield

  • U.S. Biggest Decliner in World Peace Study, Asia Advances

  • Rice Says No Evidence Trump Travel Ban Would Make U.S. Safer

  • In the 14 hours that Trump has been live-tweeting the London attacks

  • Puerto Rico’s Exodus Is Speeding the Island’s Economic Collapse

  • Terror Dominates U.K. Election After Short-Lived Campaign Truce

  • Trump reacted to London terror by stoking fear and renewing personal feud with mayor

  • Pound Falls After London Terror Attacks Raise Political Tensions

  • Putin Downplays Interaction With Ex-Trump Adviser Flynn at Moscow Dinner

  • Quotas Are One Option to Get Women Hired in Japan: OECD

  • And More

Articles about events, conflicts and disease around the world

Global

  • Middle East borrowing sets record pace as investors seek yield (Financial Times)  Have you missed the latest bubble?  Please use the sharing tools found via the email icon at the top of articles.  Middle Eastern governments have set a debt-raising record in the first five months of this year, taking advantage of substantial investor demand for high-yielding emerging market bonds. Middle Eastern countries have sold $38.5bn of syndicated sovereign bonds in 2017, more than double the amount issued over the same period last year which was itself a record, according to figures from data provider Dealogic.

  • U.S. Biggest Decliner in World Peace Study, Asia Advances (Bloomberg)  The U.S. declined the most in an annual study of global peace that cites political turbulence, deteriorating press freedom, a public perception of increasing crime and corruption, and less acceptance of minorities.  The U.S. dropped 11 places to the 114th most-peaceful country out of 161 in the index published by The Institute of Economics and Peace, which has offices in Sydney, New York, The Hague, and Mexico City. The index uses 23 criteria to cover conflicts, domestic violence, crime, human rights, and economic stability.

U.S.

  • Rice Says No Evidence Trump Travel Ban Would Make U.S. Safer (Bloomberg)  There’s no evidence President Donald Trump’s travel ban, struck down in the courts and awaiting Supreme Court review, would make the U.S. safer from the kinds of attacks carried out in London overnight, his predecessor’s national security adviser said.  Susan Rice said on ABC’s “This Week’’ on Sunday:

“There’s a very real risk that by stigmatizing and isolating Muslims from particular countries, and Muslims in general, that we alienate the very communities here in the United States whose cooperation we most need to detect and prevent these home-grown extremists from being able to carry out attacks.’’ 

wolters.tweet.homicide.opiods.2017.june.04

Click for larger image.

UK

trump.on.london

  • Pound Falls After London Terror Attacks Raise Political Tensions (Bloomberg)  The pound fell after a weekend terror attack in London killed seven people, raising investor jitters days before the nation goes into a snap election.  The pound declined as much as 0.3% in early trading in Asia Monday, though losses were contained even as the latest terror incident at a popular nightlife spot, which also left 21 people injured, gripped U.K. politics amid a tightening election race. The third attack in the U.K. in less than three months comes before the June 8 election, which will be held as armed police patrol the streets in the greatest show of force for decades.  Graphic from Twitter:

Click for larger image.

Russia

  • Putin Downplays Interaction With Ex-Trump Adviser Flynn at Moscow Dinner (Bloomberg)  Russian President Vladimir Putin said he barely interacted with Donald Trump’s former national security adviser at a dinner in Moscow in 2015, an event where the two were seated next to each other that has helped fuel speculation about the Trump administration’s ties to Russia.  Putin made the remarks about Michael Flynn in an interview conducted in Moscow on Friday with NBC’s Megyn Kelly, which will be broadcast Sunday night.  Flynn is a central figure in probes on Russia by Congress, FBI.

Japan

  • Quotas Are One Option to Get Women Hired in Japan: OECD (Bloomberg)  Mandatory quotas for hiring and promoting women are options Japan could consider to take its "womenomics" push to the next level, according to the social policy chief at the Organisation for Economic Cooperation and Development.

Prime Minister Shinzo Abe’s government deserves credit for striving to improve the status of women in the labor force, but a lot more still needs to be done, particularly in the private sector, said Monika Queisser, who serves as senior counselor for gender issues to the OECD secretary-general.

Other Scientific, Health, Political, Economics, and Business Items of Note - plus Miscellanea

  • Newspapers Fact Sheet (Pew Research Center)  Newspaper circulation is back to pre-WW II levels when the U.S. population was around 130 million (~40%) of what it is today.  See first graph below.  And the nature of revenue is changing.  As print advertising revenue has declined precipitously, it has been partially replaced by rising digital ad revenue.  See second graph below.

  • I Got It Wrong on Oil Jobs and That's a Good Thing (Bloomberg)  Back in early April, I predicted oil-sector payroll growth would finally turn positive again in May, meaning we wouldn't see it until July, when complete numbers would be released.  For once, I'm actually happy I got something wrong -- because that number turned positive in April instead.  Payroll numbers for the oil patch were a bright spot in an otherwise lackluster May jobs report from the Bureau of Labor Statistics on Friday. The ranks of oil-and-gas extraction and support workers rose to just under 391,000 in April, 0.5% higher than a year earlier:

oil.patch.employment.2017.april

oil.patch.wages.2017.april

Click for large image.
stocks.bonds.rally.2017.june.02


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