Early Bird Headlines 13 April 2015
Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.
- Working, but Needing Public Assistance Anyway (The New York Times) Taxpayers are subsidizing employers paying low wages, according to a University of California study. Nearly 3/4 of all receiving programs geared to the poor are members of families headed by a worker.
- Beware Of Politicians Bearing Household Analogies (Forbes) Prof. Keen explains that the leading candidates to lead the UK after the May election can’t seem to outdo each other in monetary ignorance – it a dead heat.
- Hillary Clinton announces presidential campaign: expert reaction (The Conversation) Reactions from several academics in Great Britain.
- Germany Proves Life With Less Fossil Fuel Getting Easier (Bloomberg) Germany has increased electricity from wind and solar to 28% of total and is headed for 50%.
- Greece hits back at reports of euro zone ‘shock’ (CNBC) Greece’s finance ministry firmly dismissed the report Sunday that euro zone officials were “shocked” at Greece’s failure to outline detailed structural reforms and its demands for cash at talks in Brussels last week.
- U.S. to file complaint over ‘unsafe’ intercept by Russian fighter jet (CNN) Russian fighter intercepted a U.S. reconnaissance plane in an “unsafe and unprofessional manner” over international waters in the Baltic Sea north of Poland last week.
- Export slide adds to China growth fears (Financial Times) In March China’s exports dropped 15% from the same month a year ago. This followed export growth in the first two months of the year and sparked further concerns about GDP growth for the first quarter.
- China trade surplus slumps 62% (China Spectator) Imports didn’t drop as much as exports producing a collapse of China’s trade surplus numbers.
- US nuclear fears block Intel China supercomputer update (BBC News) The US government has refused to let Intel help China update the world’s biggest supercomputer bcause of concern about nuclear research being done with the machine.
- Aussie dollar hammered by poor China data, sterling slips to five-year low (Reuters) Aussie dollar down 1.2% to $0.76 (U.S.) British pound also dropped to a five year low $1.4567 and the euro slipped to $1.0587. All Asian trades Monday.
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