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What We Read Today 29 September 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".).


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.

Special notice:  Due to staff weekend travel there will be no 'What We Read Today Column' Saturday 30 September  and Sunday 01 October.

The rest of this post is available only the GEI Members.  Membership is FREE -  click here

Topics today include:

  • The far left is winning the capitalism debate

  • Dow Has 8 Quarter Win Streak

  • Women earned majority of doctoral degrees in 2016 for 8th straight year and outnumber men in grad school 135 to 100

  • Goldfish Escape, Grow Big, And Can Survive To Become Giant Goldfish In Saltwater

  • Health secretary Price resigns after private flight controversy

  • Trump scrambles to contain Puerto Rico crisis

  • President Trump Speaks on Puerto Rico, HHS Sec. Price

  • Distribution of Tax Cuts Under Trump Plan

  • Trump Says He'll Decide on New Fed Chair in Two to Three Weeks

  • The Military Could Be About to Make Solar Power Way Better

  • U.S. Hate Crimes

  • Tax Policy

  • Merkel, Macron pledge to lead EU forward post-Brexit

  • Last flight departs as Iraq imposes ban for Kurdish independence vote

  • News Wrap: U.N. estimates 500,000 Rohingya Muslims have fled Myanmar

  • U.S. cuts staff in Cuba over mysterious injuries, warns travelers

  • Can Activists Turn the Bank of Canada Back into a Public Bank?

  • And More

Articles about events, conflicts and disease around the world


  • Health secretary Price resigns after private flight controversy (PBS Newshour)  Health and Human Services Secretary Tom Price resigned Friday, hours after President Donald Trump told reporters that he would reach a final decision on whether or not to fire the former Georgia congressman over his use of charter flights by the end of the day.

The White House announced the resignation, saying in a statement that Mr. Trump had accepted Price’s offer to step down.

The White House says Trump “ intends to designate Don J. Wright of Virginia to serve as Acting Secretary.”

Wright, the current deputy assistant secretary for Health and director of the Office of Disease Prevention and Health Promotion, will take over for Price as of Friday night, the White House said.

  • Trump scrambles to contain Puerto Rico crisis (The Hill)  The Trump administration scrambled Friday to show it is on top of the crisis in Puerto Rico as it faced criticism from lawmakers in both parties that its response so far has been lacking.  Puerto Rican officials are amplifying their warnings of an imminent humanitarian crisis, with San Juan Mayor Carmen Yulín Cruz making an emotional plea for someone — anyone — to take charge of emergency relief operations, heightening the sense of urgency on the hurricane-ravaged island.

  • President Trump Speaks on Puerto Rico, HHS Sec. Price (PBS Newswire)

Click for large image.

  • Trump Says He'll Decide on New Fed Chair in Two to Three Weeks (Bloomberg)  President Donald Trump said Friday he’ll decide within three weeks on a nominee to lead the U.S. central bank, one of the most consequential economic decisions he will make since taking office.  Trump told reporters before boarding the presidential helicopter at the White House to travel to his golf club in Bedminster, New Jersey for the weekend:

“I’ve had four meetings for Fed chairman, and I’ll be making a decision over the next two or three weeks.” 


  • Tax Policy (Facebook)  Hat tip to Roger Erickson.



  • Merkel, Macron pledge to lead EU forward post-Brexit (Reuters)  French President Emmanuel Macron won backing from Angela Merkel for plans to reform the European Union after Brexit, founded on what the German chancellor called “intense” cooperation between Paris and Berlin.

But many leaders remained wary of ambitious new projects, doubting the appetite of voters for giving up national control and fearing the continued strength of anti-EU sentiment that is taking Britain out of the bloc and saw the far-right win dozens of seats in the German parliament in Sunday’s election.



In the day’s other news: The human wave of Rohingya Muslims fleeing Myanmar has now topped half-a-million. That new estimate today from the United Nations. They have crowded into camps in Bangladesh, after escaping attacks by the military in majority-Buddhist Myanmar.

The U.N. secretary-general warned today that it could get worse yet.

In Washington today, more than 20 U.S. senators from both parties urged sanctions against Myanmar.


The U.S. embassy in Havana will halt regular visa operations for Cubans seeking to visit the United States and offer only emergency services to U.S. citizens, steps that may further erode the U.S.-Cuban rapprochement begun by former President Barack Obama.

The partial evacuation, while depicted as a safety measure, sends a message of U.S. displeasure over Cuba’s handling of the matter and delivers another blow to Obama’s policies of engagement with Cold War foe Cuba.


  • Can Activists Turn the Bank of Canada Back into a Public Bank? (  The Bank of Canada was nationalized in 1938 and is wholly owned by the Canadian people. Between 1938 and 1974, the federal government borrowed at low or no interest from the bank as it operated as a public bank.  But all that changed. In 1974, Canada turned to monetarism, a paradigm holding that expansion of the money supply is inflationary, and a partner to neoliberal economic policy. This shift compelled the federal government to borrow from private foreign banks to finance Canada’s pension plan and a whole host of public projects from transportation to health care, airports, seaports and more.  In the 40 years since, Canada’s privatization of finance has led to an unprecedented level of public debt. It has commodified and effectively privatized the “human capital expenditures” originally articulated in the Bank of Canada’s charter.

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

  • Goldfish Escape, Grow Big, And Can Survive To Become Giant Goldfish In Saltwater (Vocativ)  Researchers have found giant goldfish living in three saltwater estuaries in southwest Australia. Some have grown to more than a foot in length and weigh more than 4 pounds. The invasive species has harmed the ecosystem by eating vegetation and the eggs of other fish. They could also introduce new diseases into the water. Scientists say they escape when people flush them down the toilet and adapt to the open water. Researchers worry that the growing fish could spread to other rivers and wreak further havoc on Australia’s waterways.

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