Early Bird Headlines 12 March 2015
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.
- Two Ferguson Officers Shot Outside Police Station Amid Protests (Bloomberg Business)
- What If Holder and Obama Listened to DOJ’s Cartel Prosecutors? (William Black, New Economic Perspectives) Black is a contributor to GEI. “Convict the executives to stop the crime.” (Paraphrased from DOJ, 2009)
Germany
- Germany rejects Greek demands for Nazi crime reparations (Z News) Hat tip to Sanjeev Kulkarni.
Russia
- Official Raises Doubts on Confession in Nemtsov Case (The New York Times) Confession was likely forced forced through torture according to a Kremlin official.
India
- Accused No. 6 Manmohan Singh: Court summons former PM over Hindalco coal block (The Indian Express) Hat tip to Sanjeev Kulkarni. Corruption investigation in India’s coal scandal is reaching the highest levels.
China
- A Silk Glove for China’s Iron Fist Read (Project Syndicate) China’s campaign to create a 21st maritime Silk Road to improve trade and cultural exchange is a disguised attempt to redraw Asia’s geopolitical map.
- Avoiding China’s debt downfall (China Spectator) China is offering municipalities a large scale swap plan to assume ownership of local government debt. This week a plan to move one trillion yuan (about $160 billion) into low interest federal government municipal bonds. Econintersect: Sounds like a unique form of QE to us. But see next article.
- Chinese vice finance minister denies QE plan (China Spectator)
Mexico
- Why Mexico is beefing up its currency as other countries ease (MarketWatch) Mexico wants to minimize peso volatility when the Fed raises rates.
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