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 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.
- Yuan Drops as PBOC Cuts Reference Rate by Most Since July 2012 (Fion Li, Bloomberg) If the PBoC (People’s Bank of China) is depreciating its currency to try to aid exporters it is moving counter to what is needed for them to rebalance the Chinese economy toward more domestic consumption. The longer China avoids moving in this direction the more difficult the rebalancing becomes. Eventually rebalancing could end up being more like a collapse.
- BPA-Free Plastics May Not Be Safe (Care 2 make a difference)
Consumers who thought they were doing the right thing by picking up BPA-free plastics were actually endangering themselves more, and paying a premium for it; as with other “green” products, BPA-free plastics were often more expensive than their conventional counterparts.
- There’s nothing wrong with 401(k)s, except the players involved (Barry Ritholtz, The Washington Post) “The solution is not very difficult: Simplify the plans, reduce the fees, make enrollment automatic and get out of the way.”
- Google Has Destroyed Microsoft’s Business Model (Sam Mattera, The Motley Fool) How can Microsoft compete? Give Windows away for free?
Today there are 12 additional articles discussed ‘behind the wall’.
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