Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list reports 0n hidden assets in Detroit as the city files for bankruptcy …….. and the last article is about record outflows of U.S. Treasuries from China and Japan in June.
- Detroit Files For Bankruptcy Despite Millions in Hidden Investment Funds (Foster Gamble, Thrive) Hat tip to Scott Baker, who wrote an earlier article “Detroit is Not Broke!“.
- Administration blasts PPACA delay critics (Allison Bell, Life Health Pro) “Republicans making those charges [about implementation delays] are the same Republicans who have voted to defund PPACA 40 times.”
- Blogs review: The renationalization of European finance (Jeremie Cohen-Setton, bruegel)
Click on graph for larger image.
- What’s going on with China’s bad banks? (Kate Mackenzie, FT Alphaville)
- Ancient Greece Collapsed Because of A 300-Year Drought (Tia Ghose, Business Insider) Climate change may have ended the Bronze Age in the Mediterranean.
- Chinese Banks Feel Strains After Long Credit Binge (Lingling Wei and Daniel InMan, The Wall Street Journal) “Rapid Loan Growth Has Led to Serious Debt Problems at Local Governments. “
- Craigslist Has Cost U.S. Newspapers $5 Billion (Dianna Dilworth, Mediabistro Appnewser) Hat tip to Russell Huntley.
- The North American energy scene keeps getting more interesting (Daniel W. Drezner, Foreign Policy) Mexico may become a bigger factor in energy for North America.
- U.S. Population Distribution by Age, 1900 through 2060 (Bill McBride, Calculated Risk) Animated wonder.
- China, Japan lead record outflow from Treasuries in June (Gertrude Chavez-Dreyfuss and Nachum Kaplan, Reuters, 15 August)