What We Read Today 22 July 2014

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.

• Russia challenges US accusations on MH17 (Kathrin Hille, Financial Times) Russia charges that either a Ukrainian military aircraft or a Ukrainian Buk-M1 ant-aircraft battery could be responsible for the destruction Malaysia Airlines Flight MH17. They offer data from Russian monitoring services.

• Russian media coverage of MH17 leaves no room for dissenting voices (Ilya Yablokov, The Conversation) “The U.S. is to blame and the Ukrainians did it.” (Paraphrasing by Econintersect.) See also why Russians think the CIA did it.

• Food Stocks Take Beating on News of Developing Hostilities in Ukraine (The Korean Economic Daily) Hat tip to Seong Wook. According to this article, Ukraine is one of the world’s great “breadbaskets” with 10.5% of the world’s wheat production (and Russia has 17%) so the conflict between the two countries has a big impact on food prices, especially wheat and corn and especially in Europe and Asia. This report from Korea details how food stocks in that country are “showing weakness”. See GEI News article for some different numbers on global wheat production.

• Corn and Wheat ETFs Hammered (Mark Moskowitz, Comment on LinkedIn) Market close Monday for NYSE:CORN was $26.21, down 5.3% from Thursday’s intraday high and NYSE:WEAT was $12.88, down 4.0%. WEAT had a good day Monday, however, recovering 1.3% by the close from a Monday morning low of $12.71.

• The Truth about Treating Lyme Disease (Isaac Eliaz, MD, MS, LAC,integrative medicine pioneer; Maria’s Farm Country Kitchen, Rodale Press) This article highlights the harmful effects of heavy metal toxins, possible genetic susceptibilities and even the possibility that Lyme disease may be a STD (sexually transmitted disease). Dr. Eliaz discusses how the Lyme spirochete, Borrelia burgdorferi, if not treated successfully within several weeks of infection can “hide out” in various locations in the human body. The article discusses some non-traditional treatments for the disease. See GEI News articles about Lyme disease.

• Highest points in each state (Connie Ricca, MSN Weather) From Alaska to Florida (that’ s most northwestern to most southeastern) one goes from the highest to the lowest top elevations. Watch a great slide show.

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