Early Bird Headlines 07 March 2015 – Updated 4:00 am EST
Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.
U.S.
- Sen. Bob Menendez: ‘I am not going anywhere’ (CNN) The Justice Department is preparing criminal corruption charges against the Democrat from New Jersey, alleging he used his Senate office to push the business interests of a Democratic donor and friend in exchange for gifts.
- Wages are telling us unemployment can go a lot lower (The Washington Post)
UK
- Against the tide: The fragmentation of Europe (EuroMoney) Without growth can the EU stay together?
Greece
Armenia
- Starbucks becomes flashpoint between Turks, Armenians (Turkey Pulse, Al Monitor) This story happened in California where Starbucks stores displayed dancers in Armenian costumes holding Starbucks cups and dancing beneath a Turkish flag. Apparently the Starbucks folks were not aware of the Armenian genocide.
Egypt
- Egypt closes 27,000 places of worship (Egypt Pulse, Al Monitor)
Ukraine
- Ukraine’s Economy Is Worse Than It Looks (Bloomberg View)
China
- ‘China likely to end up as former would-be superpower’, says Goldman partner who foresaw Japan’s demise (South China Morning Post) Demographics and bad loans will do China in just as it has Japan, according to Roy Smith who adds: “Nobody agrees with me. But they didn’t agree with me in 1990, so at least I have one right.”
- China’s Factories Are Building a Robot Nation (Caixin) Two robots in one factory have replaced 14 workers. Soon more robots will replace the quality control team. Econintersect: This is a solution to the workforce demographic problem, but what about the consumption side?
- China Loses Millionaires as Wealthiest Tempted Overseas (Bloomberg Business)
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