Early Bird Headlines 18 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.
- How The World Bank Broke Its Promise To Protect The Poor (Huffington Post) Between 2004 and 2013 more than 3.35 million people were displaced from their land or had their livelihoods damaged because they lived in the path of a World Bank project.
- Why We Need to Rethink Capitalism (Paul Tudor Jones, Ted Talk) One of the world’s wealthiest hedge fund managers id very concerned about capitalism. GEI will have this Ted Talk as Documentary of the Week this Weekend.
- Prepare for a ‘messy’ year-end for oil: Citi’s Kleinman (CNBC) A Citi oil analyst has warned that, if recent oil price increases hold for a few months, the price of oil could come under serious pressure towards the end of the year.
- Schlumberger Ltd axing another 11,000 jobs in second ‘wave’ of oil industry cutbacks (Financial Post)
- Fed officials lean all ways on rate hikes, data in focus (Reuters)
- Bloomberg Politics poll: Majority of Americans say PPACA should get time to work (LifeHealthPro) 51% say stick with it, 35% say repeal in latest Bloomberg poll.
- Here’s Why Investors Should Go Greek (Trang Ho, Forbes) Trang Ho has contributed to GEI. Contrarian investors like to buy when blood is running in the streets. What about when the corpse is completely drained? The numbers Trang quotes for the Greek ETF (NYSE:GREK) are compelling: Price to Sales = 0.65 and Price to Book = 0.60. All we need to make this a big win would be some CPR and blood transfusions.
- Exclusive: Greece scrapes bottom of barrel in hunt for cash to stay afloat (Reuters) Greece will need to tap all the remaining cash reserves across its public sector — a total of 2 billion euros ($2.16 billion) — to pay civil service wages and pensions at the end of the month, according to finance ministry officials.
- Greek Bonds Drop Most Since Election as Default Concern Builds (Bloomberg) The Greek 10-year bond now yields 12.9%, up 1.7% just on Friday.
- US sends 300 troops to Ukraine to train forces fighting pro-Russian rebels (Al Jazeera) Russia criticized the arrival of US military personnel, saying the move could further destabilize Ukraine.
- Ukraine rebel leader Zakharchenko asserts claims (BBC News)
- Airlines Slash Routes to Moscow in Latest Sign of Russia’s Growing Isolation (Bloomberg) Carriers scratch flights as the number of foreign visitors declines and the plunging ruble keeps Russian vacationers at home.
- Putin’s ultranationalist base takes aim at the West (Al Jazeera) Far-right National Liberation Movement builds following based on brash patriotism, nurtured by Kremlin.
- Canada’s core inflation heats up to fastest pace in six years — but will it continue? (Financial Post) Core inflation was +2.4% y-o-y in March, the 8th consecutive month above 2%.
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