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.
- Independent Foreclosure Review (Federal Reserve Board, July 2014) The Federal Reserve Board has published a report regarding the Independent Foreclosure Review (IFR) and the Payment Agreement which required large mortgage servicers to provide approximately $10 billion in cash payments to eligible borrowers and other foreclosure prevention assistance.
- Solar has won. Even if coal were free to burn, power stations couldn’t compete (Giles Parkinson, The Guardian)
Last week, for the first time in memory, the wholesale price of electricity in Queensland fell into negative territory – in the middle of the day. For several days the price, normally around $40-$50 a megawatt hour, hovered in and around zero. Prices were deflated throughout the week, largely because of the influence of one of the newest, biggest power stations in the state – rooftop solar.
- Ukraine Military Finds Its Footing Against Pro-Russian Rebels (David Herszenhorn, The New York Times) By most standards the Ukraine military is a sorry lot. But their ranks have been buoyed by thousands of new volunteers and the Russian sympathizers are being pushed back.
- China’s rise and Asian tensions send U.S. relations into downward spiral (Simon Denyer, The Washington Post) Tensions are rising in the East China Sea and the South China Sea and the U.S. has alliances with the nations involved in confrontations with China. A completely different second China expansion question is discussed ‘behind the wall’.
There are 11 articles discussed today ‘behind the wall’.
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