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.
- Nobel Prize In Physiology Or Medicine Awarded To John O’Keefe, May-Britt Moser And Edvard Moser (Jade Walker, Huffington Post) This trio made discoveries 34 years apart that define the human brain mechanism for locating the person’s position in space and enable precise movement from one location to another. An interesting sidebar is that the Mosers are the fifth husband-wife team in history to share a Nobel Prize. Read the Nobel Committee press release.
- Market Mayhem – 12 Fed Speeches in 5 Days Causes Chaos (Phil Davis, Phil’s Stock World) Twelve speeches by Fed governors surround the Wednesday release of the latest FOMC minutes. Hawks and doves will be waving their petards – it would be foolish to anticipate a consensus so confusion should reign as those whose minds are already made up will probably find someone who expresses their view, no matter what that may be.
- German factory orders drop 5.7 percent on the month in August, canceling out previous rise (Associated press, Fox Business) Hat tip to Ian R. Campbell, GEI Discussion Group, LinkedIn. German factory orders declined by 5.7% in August. This followed an increase of 4.9% in July and made it three declines in four months.
- Dollar’s Ride is About to End (Michael Pento, Pento Portfolio Strategies) Credibility is lacking here when the author cites year-over-year inflation in Japan as 3.1%. After correcting for the April consumption tax hike the Bank of Japan calculated the effective inflation at 1.1% (Bloomberg). GEI News article from July 2013: Japan: Conflicted Policy, estimated the impact iof the tax hike on GDP to be between 3 and 4%. Pento’s call for hyperinflation starting in Japan seems strange when correct treatment of the data indicates below target inflation and possibly even more deflation.
- Recent articles about Scotland Independence and Similar Movements
Catalonia government to decide by October 15 whether to hold referendum (Reuters)
Catalan Standoff to Hit Spain Economy, Whoever Wins (Bloomberg)
- Articles about conflicts and disease around the world
New hope for Hong Kong’s victorious youth (China Spectator)
Why China’s President Wants to Save Hong Kong, Not Destroy It To secure his own legacy, Xi Jinping has every reason not to send tanks into the city. (Foreign Policy)
The Party and the People (The New Yorker)
Read the Anti-Hong Kong Rant That’s Going Viral in China “A muddle-headed toddler leading a blindfolded donkey.” (Foreign Policy)
HK protests subside as exhaustion sets in (China Spectator)
Chicago-area man is arrested in attempt to join Islamic State (Haaretz)
Where Does the Islamic State Get Its Weapons? Many of the weapons the militant group fights with in Iraq and Syria came from the United States. (Foreign Policy)
Street battles as ISIL enters Syria’s Kobane (Al Jazeera)
Syrian Kurds say air strikes against Isis are not working (The Guardian)
200,000 Indians volunteer to join effort against Islamic State militants in Iraq, mosque says (abc.net.au)
Syrian Rebels Tell Obama They’re the Key to Saving Baghdad From the Islamic State (Foreign Policy)
Explosion at nuclear complex in Iran kills two workers (Fox News)
Europe sends in drones to save Ukraine truce (Yahoo! News)
U.S. Aids Ukraine on Heat Plan as EU Warns on Winter (Bloomberg)
New NATO chief reassures Poland amidst Ukraine crisis (RT)
Russia’s deployed nuclear capacity overtakes US for first time since 2000 (RT)
Leading German Journalist Admits CIA ‘Bribed’ Him and Other Leaders of the Western ‘Press’ (Washington’s Blog) Washington’s Blog has contributed to GEI.
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