What We Read Today 08 March 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".).
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NASA's Dawn Mission Arrives At Ceres
NASA's Dawn mission will arrive at Ceres on March 6, 2015, and will be the first spacecraft to explore a dwarf planet. Ceres is the largest body in the main asteroid belt. At the time of its discovery in 1801 it was considered a planet and later demoted. Images credit NASA Jet Propulsion Laboratory.
A Word from This Newsletter's Sponsor for 08 March 2015
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The High School Dropout Dilemma, And How Can We Help Them Stay?
by Jessie Romero - Econ Focus, Federal Reserve Bank of Richmond
Orangeburg Consolidated School District 5 serves about 7,000 students in rural South Carolina. More than one-quarter of its high school students fail to graduate within four years. Predominantly African-American, Orangeburg is not a wealthy area; median household income in the county is about $33,000, compared with $53,000 nationally, and the unemployment rate is 10.4 percent, nearly double the national average. Nearly 85 percent of the district's students qualify for free or reduced-price lunches, and many of their parents did not graduate from high school.
Epoch of Belief, Epoch of Incredulity (6): Game For A Laugh
Written by Adam Whitehead, KeySignals.com
The fun and games in Europe, post Greek election, took centre stage last week. Epoch of Belief, Epoch of Incredulity (3) "Disabling Acts" suggested that the devil was in the detail of the ECB's QE announcement.
Early Headlines: China Fiscal Cliff, Nazi Art, Chile Jails Finance Execs and More
Early Bird Headlines 08 March 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.
The Great Recession Was Not So Great
by Jan van Ours
Posted previously at VoxEU, 27 February 2015
The Great Recession has been characterised by an unprecedented decline in GDP, and unemployment rates remain above pre-Great Recession levels in many countries. This column argues that economic growth is a 'one size fits all' solution for the problem of unemployment, because the unemployment rates of different kinds of workers are strongly correlated within countries. That said, economic growth affects above all the position of young workers, and so benefits mostly those who need it the most.
Beyond TTIP's False Choices and Tall Tales of Free Trade
by Vishaal Kishore, The Conversation
The Transatlantic Trade and Investment Partnership (TTIP) is being vaunted as the world's largest free trade agreement that promises to liberalise one-third of global trade.
The Week Ahead: How Can Good News Get Bad Results?
by Jeff Miller, A Dash of Insight
What happens when the economic calendar is light and the market volatile? Pundit Paradise! Last week set the table. This week is the pre-game. Next week the FOMC will decide and explain. For those who think it is all about the Fed, this week's question is obvious:
Is Good Economic News Bad for Investors?
Documentary of the Week: Will the Japanese Become Extinct?
Econintersect: With a plummeting birth rate and a rapidly aging population, Japan is facing an unprecedented population collapse with vast economic, social and political implications. This sixteen and a half minute video examines the dangers facing the nation and the apparent lack of action to address the problems that exist now and appear to be growing unchecked. Japan's population peaked in 2007 at 127.771 million and has declined every year since. The projected population for 2100 is about 47 million, declining at a rate of about 2% per year. If that were to continue to 2200 the entire population of Japan would be a little more than 6 million, and by 2300, a little more than 800,000.
Graph from Japan Pensions Industry Database.
The Role of German Social Democrats in Creating the Creditor's Paradise
by Dirk Ehnts, Econoblog101
I have recently wondered about the political economy of social democrats in Europe and their view of the euro and its crisis. Mark Blyth, who wrote a book on austerity, has been awarded a prize by German social democrats and was invited to give a lecture. And some lecture they got.
The Most And Least Understood U.S. Government Agencies
from Felix Richter, Statista.com
by Niall McCarthy
by Niall McCarthy
Do Americans understand the work conducted by their government agencies?
Trefis: Highlights Week Ending 06 March 2015
Written by Trefis
Below is a summary of the activity at Trefis during the past week that Trefis thought Econintersectreaders would find interesting.
Trefis is a financial community structured around trends, forecasts and insights related to some of the most popular stocks in the US. It provides the unique feature of allowing the user to model future valuation based upon projected changes in components of each business. It also provides communication capabilities among members, including consensus of member analysis compared to Trefis staff analysis and blogging opportunities for members.Click on graphic to go Trefis interactive page.
Click "Read more..." to see our clickable table of contents with the most covered companies (more than 1 article) of the week identified.
Infographic Of The Day: Understanding Ad Agency Workers
My name is Shushu and I'm a senior copywriter at an ad agency.
Is Iron Rain the Reason Why Earth and the Moon are So Different?
by Simon Redfern, The Conversation
New experiments show that the asteroids that slammed into Earth and the moon more than 4 billion years ago were vaporised into a mist of iron. The findings, published in Nature Geoscience, suggest that the iron mist thrown up from the high velocity impacts of these asteroids travelled fast enough to escape the moon's gravity, but stayed gravitationally stuck on more massive Earth. And these results may help explain why the chemistry of the Earth and the moon differ.
