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.
- Exclusive: Privately, Saudis tell oil market- get used to lower prices (Ron Bousso and Joshua Schneyer, Reuters) The Saudis say that they will accept prices as low as $80 for an extended period, even a “year or two“. Venezuela has been requesting OPEC production cuts to force oil back above $100 a barrel. Saudi Arabia and Kuwait reportedly say increased output from Russia and the U.S. would keep prices below $100 even if OPEC made cuts, but that production costs would reduce Russian and U.S. output if prices stayed in the 70s or went lower than $70.
- French economist awarded Nobel for work on markets, regulation (Al Jazeera) Jean Tirole studied how lack of regulation can lead to “unnecessarily high prices or unproductive companies blocking new firms from entering the market“. This is the first economics prize not including at least one American in 15 years. Great review by Tyler Cowen: The 2014 Nobel Laureate in economics is Jean Tirole (Marginal Revolution) – go here if you would like an annotated bibliography.
- The Kremlin’s Plan to Erase Russia’s Memory and Its Conscience (Anna Nemtsova, The Daily Beast)
“The ministry of justice is doing its best to shut down Memorial, the organization first headed by Andrei Sakharov, that is at the heart of civil society.”
- Recent articles about Scotland Independence and Similar Movements
- Articles about conflicts and disease around the world
Ebola virus threatens state failure, World Health Organisation warns (Financial Times)
Second U.S. Ebola case raises concerns about medical guidelines (Reuters) Video with transcript.
CNN in Full Fear Mongering Mode Cashing in on Ebola (EconMatters) EconMatters contributes to GEI.
Turkey Denies Deal Allowing US to Use Its Base For ISIS Fight (Reuters, Business Insider)
Gun-battles and bombings mark desperate fight for Kobani (Reuters) Kurd defenders are vastly outnumbered and hampered by lack of weaponry while Turkish tanks look on. Video with transcript.
US ups pressure on allies as strategy for fighting Islamic State falls apart (The Conversation)
Isis fighters seize key military base in Iraq’s Anbar province (Financial Times)
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