Written by John Lounsbury
Early Bird Headlines 13 September 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.
Global
- The Impact Of Chinese Buyers On Western Real Estate (Wealth-X) Hat tip to Marvin Clark via GEI Discussion Group, LinkedIn. The purchase of U.S. residential real estate has grown dramatically since 2009. Will the juan renminbi devaluation and the Chinese stock market crash put a damper on this? This article seems to think there will be alimited effect unless China enters a long-term decline.
U.S.
- What are some things the outside world would be shocked to learn about the United States of America? (Quora) There is a long list of contributions (74 at my last count). Some are interesting.
- Lawmakers Who Hailed 9/11 Heroes Still Shun Bill To Help Them (The Huffington Post) Most members of Congress had something to say about never forgetting the heroes of 9/11 as the 14th anniversary of those attacks passed Friday, but by the end of the day, only about a third of federal lawmakers had signed onto new legislation to aid those ailing responders. The old law to help those responders passed nearly five years ago. It begins expiring next month, yet legislation to extend that aid remains stuck in Congress. More than a dozen lawmakers threw their support behind the bill over the last week, but that brings the numbers to only 145 out of 435 House members and 37 of 100 senators.
- Obama Rolls Out College Scorecard on New Federal Website (Bloomberg) The new website data does not provide a single head-to-head ranking of universities, which was part of the earlier proposal criticized by some college presidents. However, it does highlight groups of schools that do particularly well in metrics like graduation rates, cost to low-income students, and salaries of graduates.
EU
- Pro-refugee demonstrations across Europe highlight EU divide (Al Jazeera) Protesters show solidarity with refugees as Hungary’s premier warns that EU leaders have ‘no clue’ about scale of crisis. Tens of thousands of Europeans hit the streets Saturday to show solidarity with huge numbers of refugees entering the continent, while Hungary’s premier warned leaders were “in a dream world” about the dangers posed by the influx. In London, one of dozens of events across Europe, tens of thousands demonstrated, brandishing placards reading “Open the Borders“, while in Copenhagen some 30,000 took to the streets.
UK
- Jeremy Corbyn is new Labour leader with stunning 60 per cent of votes in first round – live results coverage (The Telegraph) Jeremy Corbyn records extraordinary victory in Labour leadership election with more than 251,000 of 422,000 votes.
Austria
- Austria’s Faymann likens Orban’s refugee policies to Nazi deportations (Reuters) The Hungarian government is furious.
Hungary
- Migrant crisis: Record 4,000 go from Serbia to Hungary (BBC News) The tide keeps rising as Huangary nears finishing a 13 foot high razor wire fence and promises a new crackdown on refugees on Tuesday. Meanwhile Germany is in the midst of an expecte 40,000 new arrivals over the weekend.
India
- 89 People Killed in Explosions at Central India Restaurant (CBS News) At least 89 people were killed at a restaurant in central India on Saturday when a cooking gas cylinder exploded and triggered a second blast of mine detonators stored illegally nearby. The restaurant, located next to the main bus station in the town of Petlawad in Madhya Pradesh state, was crowded with people having breakfast when the blasts occurred.
China
- China Fixed-Asset Investment Tumbles to Lowest Since 2000 (Bloomberg) China’s fixed-asset investment rose at the slowest pace in 15 years and industrial production trailed analyst estimates, raising further question marks over the effectiveness of government efforts to revive growth.
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