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.
- Germany wins 2014 World Cup: Mario Gotze scores game-winning goal in 113th minute of extra time (Filip Bondy, New York Daily News) A substitute player scored the only goal of the match in extra time and Germany bested Argentina for their fourth World Cup. In the end, the best offensive side in the tournament bested the top defensive team. It was the first Cup as a unified Germany, the others coming in 1954, 1974 and 1990. The Daily News has some great photos.
- WTI Crude Oil Heading Below $100 (Barry Norman, FX Empire) The U.S. has a glut of oil and gas and even the threat of Middle East chaos can’t keep the price of crude up. Now if the U.S. only had the refinery capacity to handle all the crude the price of gasoline would go much lower.
- Budget has brought in tax policies: Finance Ministry (The Hindu) The Modi government is clarifying the tax code and reducing taxes. The budget is predicted “to bring the growth impulses back into the economy” and to do so “amidst fiscal restraints” which are expected to limit the deficit to 4.1% of GDP.
- Amazon, a Friendly Giant as Long as It’s Fed (David Streitfeld, The New York Times) Amazon is rapidly thinning out the ranks of book publishers. What will happen when it is the last publisher standing?
- Higher antioxidant and lower cadmium concentrations and lower incidence of pesticide residues in organically grown crops: a systematic literature review and meta-analyses. (M. Baranski et al, NCBI, NIH) A review of 343 peer-reviewed publications found that organically grown crops produce significantly higher antioxidant levels and significantly lower levels of several toxic or potentially toxic contaminants.
- If Iraq must be divided, here’s the right way to do it (Michael O’Hanlon and Edward P. Joseph, Reuters) The authors argue that a federalism arrangement makes the most sense, but if harder partitioning is done there must still be some consideration of oil revenue sharing because “Sunnistan” would be resource deficient.
- Comments tell us much about America, its peril and hope (Fabius Maximus) Fabius Maximus has contributed to GEI. This is a very worthwhile compendium of articles on the FM site with interesting comments. The graphic indicates a seemingly very pessimistic view of the quality of comments overall (the little triangle in the center indicates that only 1-2% of those leaving comments are both thoughtful and readers of the entire article). But Econintersect has observed some comment threads where 1-2% might actually be a quantity significantly too high and time spent there is largely wasted. Every once in a while we have followed a comment stream where the triangle is expanded, even well into double digits. Those are places where one’s time is very well spent.
There are 11 articles discussed today ‘behind the wall’.
Please support all that we do at Global Economic Intersection with a subscription to our premium content ‘behind the wall’.
You get a full year for only $25.
The rest of the post is for our premium content subscribers – Click here to continue reading. If you have forgotten your login or password – send an email to info at econintersect.com.