Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list has Simon Johnson’s assessment of how immigration reform would help the economy …….. and the last article is about the dramatic under performance of emerging market stocks in 2013.
- How Immigration Reform Would Help the Economy (Simon Johnson, The New York Times)
- App pays you to spot illegally parked cars (Fox News) Hat tip to Russell Huntley.
- RIP, American Dream? Why It’s So Hard for the Poor to Get Ahead Today (Matthew O’Brien, The Atlantic) High-income kids who don’t graduate from college are 2.5 times more likely to end up rich than low-income kids who do get a degree. The American Dream isn’t dead. It’s just moved to Denmark.
- The financial market freakout, in five charts (Neil Irwin, The Washington Post)
- Germany blocks Turkey’s bid to join EU (Daniel Dombey, James Fontanella-Khan and Quentin Peel, Financial Times)
- Gold, Silver Tumble to Lowest Since September ’10 on Fed Outlook (Maria Kolesnikova, Nicholas Larkin and Glenys Sim, Bloomberg)
- Experts now run the world using their theories. What if they fail, and we lose confidence in them? (Fabius Maximus) Fabius Maximus contributes to Global Economic Intersection.
- Web’s Reach Binds NSA and Silicon Valley Leaders (James Risen and Nick Wingfield, The New York Times) Hat tip to Rob Carter. A Facebook-NSA connection.
- America’s courtiers rush to defend the government – from us (Fabius Maximus) Fabius Maximus contributes to Global Economic Intersection.
- Emerging markets under performance worsening (Sober Look) In the last year and a half the S&P 500 has outperformed the MSCI Emerging Markets Index by more than 60%. More than 2/3 of that has occurred in 2013.
