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.
- Review: Myth-Busting China’s Numbers by Matthew Crabbe (Jamil Anderlini, Financial Times) Book review of Myth-Busting China’s Numbers: Understanding and Using China’s Statistics by Michael Crabbe. This book is being highly praised as a logical analysis of China’s manipulated official business cycle statistics. He doesn’t dismiss the data; he explains how to interpret it. Anderlini succinctly summarizes some of the absurdities in the numbers and reporting processes while also explaining how Crabbe salvages usefulness from the mess.
- Humans not entirely at fault for passenger pigeon extinction (Safya Khan-Ruf, The Conversation) Natural population fluctuations probably were the primary cause of extinction with only a minor nudge from humans.
- In Search Of Russia’s Lost Fracking Boom (Wolf Richter, Testosterone Pit) Russia is having little success with opening up production from shale and off-shore deposits because early production in such areas is risky and best started by wildcatters. In Russia only the large government owned petroleum giants are authorized to do exploratory drilling; they are, to sat the least, not wildcatters.
- Arizona Cities Could Face Cutbacks in Water From Colorado River, Officials Say (Michael Wines, The New York Times) The serious drought in the southwest may reduce flow in the Colorado River to the point that Phoenix and other Arizona cities may be seriously cut back on water. Phoenix gets about half of it’s water from Lake Mead (Hoover Dam on the Colorado River) while Tucson gets almost 100% from there. Las Vegas could also be cut off in coming years. Arizona farmers could start to receive reduced allotments as early as this year.
Today there are 14 articles discussed ‘behind the wall’.
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