econintersect.com
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
econintersect.com
No Result
View All Result

What You Missed Friday

admin by admin
6월 21, 2015
in 미분류
0
0
SHARES
0
VIEWS

Econintersect:  We are posting for the general public what was in What We Read Today on Friday 19 June 2015.  This daily feature is accessible only by GEI members – and membership is FREE.  The only thing needed is a subscription to our FREE daily newsletter.  Click through the Read more >> command to read Friday’s column.

listening.through.wall.380x200

To get your daily report like the one below, click on one of the newsletter subscription links near the beginning of the column.

What We Read Today 19 June 2015

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.

This feature is published every day late afternoon New York time. For early morning review of headlines see “The Early Bird” published every day in the early am at GEI News (membership not required for access to “The Early Bird”.).

BECOME A GEI MEMBER – IT’s FREE!

Every day most of this column (“What We Read Today”) is available only to GEI members.

To become a GEI Member simply subscribe to our FREE daily newsletter.

The rest of this post is available only the GEI Members.  Membership is FREE –  click here.


Articles about events, conflicts and disease around the world

Global

  • Increased acid in the world’s oceans threatening marine life (Al Jazeera)  There is a lot of press about the risks of rising ocean levels and more violent storms arising from climates change.  But increased acidity in the oceans is another occurrence which also has dire consequences.

U.S.

  • The Most Powerful Person at the Federal Reserve You’ve Never Heard Of(Bloomberg)  Scott Alvarez is the Fed’s chief counsel, but he is much more than that. He is, in the view of many, the power behind the throne, the backroom officer who, while prominent appointees come and go, quietly makes himself indispensable to them through dedication, mastery of detail and unparalleled knowledge of the Fed’s secrets.  He played a key role in the controversial bailout of American International Group Inc. He is central to how Dodd-Frank is put into practice. Most everything of significance at the FederalReserve Board goes across his desk.
  • Guns rights advocates say Charleston pastor could have prevented killing (Al Jazeera)  Gun Owners of America spokesman and NRA board member criticize pastor who was killed for voting against concealed carry.  The gun rights supporters said the pastor could have prevented the massacre if he had been carrying a weapon.  Econintersect:  This makes the questionable assumption that the pastor could have drawn his weapon and successfully fired it accurately at a gunman who was already shooting.  What odds do the guns rights people give the pastor for being successful?
  • Charleston church shooting: Suspect confesses, says he sought race war (CNN, Fox News)  Daughter of one of the victims tearfully forgives the killer.  See video below followed by killer’s first court appearance.

victims.family.rep

  • Black People Are 12 Times More Likely To Die In America Than In Other Developed Countries (Zero Hedge)  In the land of the free and the home of the brave, who are really the bravest?

Greece

  • Greece’s Ruling Party Goes to War With Its Own Central Bank(Bloomberg)  The Greek government sees a lot of enemies in its campaign to reach an eleventh-hour deal on the country’s finances. Including its own central bank.  Last night in Luxembourg, Finance Minister Yanis Varoufakis launched a broadside against the Bank of Greece, accusing it of encouraging liquidity fears in an “astonishing” fashion. Earlier this week, the parliamentary speaker refused to accept the central bank’s annual monetary policy report, which urged a deal with creditors, instead releasing a document arguing that “odious” debts shouldn’t be repaid.
  • Reach A Deal! The Greek Offer Is A Basis For A Compromise (Social Europe)

Greece and Europe as a whole are teetering on the brink. A flurry of proposals and counter proposals as been made – and rejected. This column discusses the main features of the recent proposal by the Greek government, grouped roughly under the headings macroeconomic policies, fiscal measures, and structural reforms. It asks how realistic are they and how appropriate to resolving the crisis? It identifies missing commitments. Where appropriate, suggestions for possible lines of compromise are indicated as are areas in which one side or the other needs to shift position.  The analysis suggests that the Greek proposal offers a good basis for an “honourable compromise” that would permit Europe to finally move on from the endless, debilitating horse-trading, permit Greece to remain within the euro area, and to kick-start a growth process that would enable it to pay its debts to the creditors without substantial haircuts.

Palestine

  • Palestinian political crisis deepens with collapse of ‘unity government’ (Al Jazeera)  Political deadlock will continue so long as Fatah-Hamas put narrow interests ahead of people, according to this author.

Russia

  • Charlie Rose’s Vladimir Putin Interview Takeaway (Bloomberg)

rose.about.putin.interview

Thailand

  • MERS spreads to Thailand (Al Jazeera)  Officials say a businessman from Oman tested positive for virus, while cases in South Korea appear to be leveling off.


Are Surpluses Normal? (Steve Keen, Forbes)  Steve Keen has contributed to GEI.  England’s Chancellor George Osborne took the Conservative Party’s claim to fiscal responsibility one step higher last week when he announced that they will enact a law which will require British governments to run surpluses “in normal times“.  Keen points out that surpluses in “normal times” are not “normal” and offers the economic history of the United States as evidence (see graph below).  During the 20 years from 1954-1973 U.S. debt to GDP ratio declined from 68% to less than 40%, but it had nothing to do with running surpluses (paying down national debt). It resulted from sufficient money being provided to support economic growth.  Keen demonstrates the extreme volatility of private debt and how that drives boom-bust cycles.  He maintains it is not public debt which is the problem but private debt.  He concludes:

Cameron’s claim that it’s fiscally responsible to run a surplus “during normal times” is thus a fallacy. The responsible thing is to run a deficit so that the private sector doesn’t have to rely excessively upon borrowing money from the banks.

us.debt.growth.and.gdp.1954.1973


David Paul Laipple (google.com) What should we call this chart pattern for the S&P 500?  The ‘headless and shoulders’?  Or the ‘Ichabod Crane’?  Here is the author’s descruiption of this graphic:

This graph illustrates the relationship between equities prices (S&P 500), Total Industrial Capacity Utilization (TCU) and Initial Unemployment Claims (IC4WSA) in the U.S. from the period 1967 to present. To improve graph readability: the S&P 500 is inflation-adjusted, TCU is multiplied by a factor of ten, and IC4WSA is divided by one thousand. Trendlines are added in yellow to Total Capacity Utilization and Initial Unemployment Claims to highlight trend boundaries. Graph updated monthly at the Federal Reserve Board of Governor’s Industrial Production/Capacity Utilization release. See also: Economic Expansion Boundary Trendlines: 1967 – May 2015.

Click for very large image.
headless.and.shoulders


The Chart That Explains the Fed’s Thinking Behind the Next Rate Rise(Bloomberg)  Chair Janet Yellen has found an unusual pacifier for financial marketsanxious for clues about the Federal Reserve’s intentions: a chart with 68 blue dots (shown below).  The dots represent Fed officials’ forecasts for their main interest rate over the next three years.  In the video below the chart, Yellen comments on Fed policy and the U.S. economy. Watch all of the key moments of Yellen’s news conference in Washington after a meeting of the Federal Open Market Committee in two minutes. (Excerpts. Source: Bloomberg)

Click for larger image.
Fed.dots.2015.June.600x300

yellin.two.minute.recap.bloomberg


Euro has resulted in a growth disaster for 10/12 of the original EA12 (Constantin Gurdgiev, Twitter)  CG contributes to GEI.

Face the facts: euro has resulted in a growth disaster for 10/12 of the original EA12. pic.twitter.com/eO16VpwTUV

— Constantin Gurdgiev (@GTCost) June 19, 2015

 


Other Economics and Business Items of Note and Miscellanea

  • The lessons of famous science frauds (The Verge)  Statisticians have been successful in uncovering fraudulent scientific publications.  The increasing use of statistical analysis has led to a ten-fold increase in the number of scientific papers withdrawn after publication.  Now free and open statistical critiques of scientific publications could “dramatically speed up science’s self-correction process“.  Econintersect:  When will these processes be applied to economics?  How would self-correction be applied to past Nobel awards?
  • 10 Types of Seafood You Really Shouldn’t Eat (and 10 You Should)(Thrillist)  It may seem like the ocean is just a bottomless pit of fish sticks and sushi, but the reality is that our supply of seafood is finite. Through rampant overfishing and just generally treating the ocean like a cheap buffet, we’ve depleted the populations and ruined the habitats of some truly delicious fish.
  • Mysterious moon may have secret ocean — and life (CNN)  NASA wants to go to Europa. No, it’s not in Europe. And for soccer fans, it has nothing to do with the Europa League.  Europa is one of Jupiter’s larger moons. It’s about the size of Earth’s moon, covered with ice and believed to produce water plumes or geisers. It’s thought to be one of the best places to look for life in our solar system — besides Earth, of course.   The short video below summarizes details.

Click to watch video.
nasa.mission.europa.cnn

John Lounsbury

 

Previous Post

Getting Hired Now Takes Longer

Next Post

Huge Dust Cloud Discovered Around the Moon — But ‘Lunar Glow’ Remains a Mystery

Related Posts

Bitcoin Is Finally Trading Perfectly Like 'Digital Gold'
Economics

Bitcoin Is Finally Trading Perfectly Like ‘Digital Gold’

by admin
Namibia Will Regulate And Not Ban Crypto With New Law
Finance

Namibia Will Regulate And Not Ban Crypto With New Law

by admin
6,746 ETH Valued At $12M Was Just Burned
Economics

6,746 ETH Valued At $12M Was Just Burned

by admin
Bitcoin Is Steady Above $29,000 Awaiting US NFP Figures
Economics

Bitcoin: What Next After Consolidation Ends?

by admin
US Government Offloads Another 8,200 Bitcoin – On-chain Data
Economics

US Government Offloads Another 8,200 Bitcoin – On-chain Data

by admin
Next Post

Huge Dust Cloud Discovered Around the Moon -- But 'Lunar Glow' Remains a Mystery

답글 남기기 응답 취소

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins bank banking banks Binance Bitcoin Bitcoin market blockchain BTC BTC price business China crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi Elon Musk ETH Ethereum Europe Federal Reserve finance FTX inflation investment market analysis Metaverse NFT nonfungible tokens oil market price analysis recession regulation Russia stock market technology Tesla the UK the US Twitter

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

© Copyright 2024 EconIntersect

No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자

© Copyright 2024 EconIntersect