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.
- Modi Govt’s reform agenda sends Sensex surging (KR Srivats, The Hindu Business Line) A raft of moves to encourage investment, simplify taxes, develop infrastructure and rein in inflation are creating a boom in the Indian stock market.
- (What’s Left of) Our Economy: Stick a Fork in Those Manufacturing Renaissance Claims (Alan Tonelson, Reality Check) Tonelson says that U.S. manufacturing still suffers from “major, structural and competitive weaknesses.”
The next four articles are about the suddenly critical situation in Iraq.
- Iraqi insurgents ‘seize new city’ (Paul Wood, BBC) An Iraqi insurgency known as ISIS (Islamic State of Iraq and the Levant, also called ISIL) has been making rapid gains in seizing control of key parts of the country in recent weeks. Now their advance seems to be accelerating as they seized Mosul, a city of 1.5 million, on 10 June and Tikrit, hometown for ex-dictator Sadam Hussein, on 11 June. Fighting is now reported around Samara, ISIS is a follow-on to Al Qaeda in Iraq.
- Fresh off Mosul victory, militants in Iraq wrest control of Tikrit (Nic Robertson and Laura Smith-Spark, CNN) Additional details about refugees, captured Turkish embassy personal and other developments in Iraq.
- Militants step up Iraq attack and take 49 people hostage (Daniel Dombey and Borzou Daragahi, Financial Times) Reports are now added of attacks on Baiji, where the nation’s largest refinery is located. (See map above.)
- ISIL Extends Gains in Iraq, Takes Turk Diplomats Hostage (Donna Abu-Nasr and Mahmoud Habboush, Bloomberg) We learned in this report that the U.S. is weighing how to respond to the Iraqi government request for air strikes.
Today there are 13 articles discussed ‘behind the wall’.
Three involve discussions of the student loan debt problem.
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