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 Cognitive Dissonance Election (Alex Tribou, Chloe Whiteaker and David Ingol, Bloomberg) The country that voted to give the Senate back to conservative Republicans also voted for more marijuana, fewer abortion restrictions, higher minimum wages, and more gambling.
- Two Election Winners (David Kotok, The Big Picture) Kotok ( a wealth manager) says the two winners were the GINI coefficient and the labor participation rate. In the first case the GINI coefficient’s upper levels voted and carried the day as the lower levels stayed home. Kotok also thinks the victims of the lower labor participation rate also stayed home providing a victory for that decline as well.
“This election outcome was about the divisions within our society. Those divisions will continue for the next two years. They are likely to be just as profound in 2016. That presidential race started in earnest last night.”
- FT: European Central Bank united on liquidity injection (Nikkei Asian Review) Mario Draghi now has unanimous support from the European Central Bank’s governing council to inject €1 trillion to rescue the eurozone economy from stagnation. This removes concerns about growing divisions within the central bank. Draghi now has the support needed for a full scale QE action of bond-buying should the threat of deflation persist.
- Articles about difficulties, conflicts and disease around the world
Ebola cover-up revealed! Pandemic news ordered shut down by feds as NYC Ebola watch list explodes to 357 people (Natural News) Econintersect has not verified this report.
How to plan for a post-Ebola West Africa (The Conversation)
Turkey walks tightrope over Kobane after peshmerga deployment (AFP, Yahoo! News)
Khorasan group back in US crosshairs as air strikes hit non-Isis targets in Syria : Air strikes on little-known group alleged to be al-Qaida affiliate raise questions about expansion of US air war in Syria and Iraq (The Guardian)
UK’s role in Iraq to be boosted (BBC News)
Russia’s Timchenko Probed For Money Laundering (Bloomberg)
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