What We Read Today 12 October 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 (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.

• Fact: T.L.T.R.O. is Too Low To Resuscitate Optimism (Silvia Marier, bruegel) The actions undertaken by the ECB depend on bank demand for assets and they have been far too little to have the ECB desired impact. Will only QE fill the bill? For an extended analysis as to how this fits in the global monetary jungle see yesterday’s GEI Analysis: If at First you Don’t Succeed.

• Second leaker in US intelligence, says Glenn Greenwald (Eweb MacAskill, The Guardian) It is revealed in a new documentary about the Edward Snowden leaks, which premiered Friday evening (10 October 2014) at the New York Film Festival, that a second leaker (aka whistleblower) has come forward from the U.S. intelligence agencies. The film is “CITIZENFOUR“. See GEI News for summary of the film’s debut (and recap of reviews published so far).

• 40 Under 40 (Fortune) Three things of note: (1) Mark Zuckerberg is not in the number 1 position; bet you can’t guess the two who are ahead of him. (2) Elon Musk is not on the list (he’s too old) but his cousin is. (3) 15 of the 40 are women, but only two make the top 10.
  

• Historical Echoes: “Burns Money” on What’s My Line? (Amy Faber, LibertyStreet Economics) The Federal Reserve banks used to incinerate money too worn to leave in circulation, but after the Clean Air Act of 1970 they have shredded it.

• Who Was America’s Most Well-Spoken President (E.J. Fox and Mike Spies, vocative) Submitted by Sig Silber who commented:

This is interpreted by the authors as proof of the democratization process as Presidents attempt to appeal to people with all levels of reading ability. And I had thought they simply wanted Congress to understand what they were saying.

• Recent articles about Scotland Independence and Similar Movements

Nothing today

• Articles about conflicts and disease around the world

Ebola

An epidemic afflicting America: fear about Ebola. Avoid the carriers. Facts are the antidote. (Fabius Maximus)

Operating on fear: Performing surgery in a time of Ebola (Al Jazeera)

Nigeria

Cameroon Says 27 Hostages, Kidnapped By Suspected Boko Haram Militants, Released (International Business Times)

Turkey

US To Send Military Team To Turkey To Discuss ISIS Threat (International Business Times)

Syria

Kurds repel ISIL advance into Kobane, but issue urgent plea for support (Al Jazeera)

Iraq

UK troops training Kurdish forces in Iraq, says MoD (BBC News)

String of deadly blasts rocks Iraqi capital (Al Jazeera)

Leaders of Iraq’s Anbar province call for U.S. ground forces to stop ISIS (CNN World)

Iran

Limited US military aid to Lebanon is hurting fight against ISIL – Tehran is filling the void left by Washington’s reluctance (Al Jazeera)

Ukraine

Ukraine crisis: Putin ‘orders Russian troop pullback’ (BBC News)

Kiev secretly received data from MH17 crash investigators – Ukrainian hacktivists (RT)

Russia

‘Love is love’ as Snowden’s girlfriend joins him in Russia (Yahoo! News)

Mexico

Mexican mass graves point to failure of national reforms (Al Jazeera)

Hong Kong

Chinese newspaper blames US for Hong Kong protests (Fox News)

There are 12 articles discussed today ‘behind the wall’.

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