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 (and sometimes longer ones) 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.
- The Top Five Bank Bailouts We Never Heard About (Joshua Holland, Moyers & Company) This article explains why the five biggest bank settlements for fraud, which totaled $75 billion paid by banks, were actually massive bank bailouts masquerading behind the settlements announced. For more on bank fraud see Documentary of the Week: Bill Moyers Interviews Bill Black (GEI News).
- The Most Ambitious Environmental Lawsuit Ever (Nathaniel Rich, The New York Times) When you have 20-30 minutes read this documentary of the 85-year destruction of 7,000 years of building. See also next article. In the next article the loss of Louisiana coastal land was attributed to flood control projects along the Mississippi. In this article it is reported that the oil and gas industry has an estimate that they are responsible for 36% of the land loss through subsidence from drilling. An unspecified amount has been lost from carving of shipping channels as well.
- Losing Ground (ProPublica and The Lens) Repeated from WWRT 30 August 2014. The Mississippi Delta is disappearing. An unintended consequence of flood control along the Mississippi River is that sediment required to maintain the land in the Mississippi Delta has not been arriving for the last 90 years the way it had for millennia before the 1920s.
- Recent article about Scotland Independence and Other Movements
- Articles about conflicts and disease around the world:
North Korean officials pay rare and surprising visit to the South (The Washington Post)
‘No problem at all’ for North Korea leader Kim’s health, says official (Reuters) Hat tip to Rob Carter.
Hong Kong protesters stage massive, defiant rally (Associated Press, MSN News)
Large Protest Follows Hong Kong Leader’s New Warning (The New York Times)
100 Possible Ebola Cases Reported in U.S., but All Save 1 Are Ruled Out (The New York Times)
What Texas can learn from Nigeria when it comes to containing Ebola (The Washington Post)
Israel general: We know to do in Lebanon what we did in Gaza (The Daily Star Lebanon)
Dozens of Libyan troops killed in Benghazi violence (Yahoo! News)
Keeping the Pressure on Mr. Putin To Give Ukraine a Chance, Sanctions on Russia Must Continue (Editorial, The New York Times)
Petro rubles? (Real Economics) Hat tip to Rob Carter.
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