Roberto Abraham Scaruffi

Articles posted on Sunday, 21 June 2015 Front Page  Analysis Blog   Investing Blog   News Blog    Opinion Blog   Current Markets   Economic News: Asia/Pacific  Europe  Middle East/Africa  Americas  USA Government

What We Read Today 21 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. Read more ... [login is 'waller', password is '2-shoe'] China's Giant Oil Painting Copy Shop More than half of the world's oil paintings come from Da Fen in southern China. Located in China's manufacturing hub, Shenzhen, Da Fen thrives on the mass production of art. It exports millions of replicas of Van Goghs, Monets, and Picassos to the world, generating billions in revenue for painters who were once farmers or migrant workers. The founder of Da Fen, the 69-year-old artist Huang Jiang, spoke to BBC News about his miracle business model and the challenges his team faces now.  A Word from This Newsletter's Sponsor for 21 June 2015 Makes 12x More With 92.5% Less Risk? By making 1 simple "shift", I am going to prove to you how to make 12 times more on your trades with 92.5% less risk compared to how most people do it, without ever owning a stock. My free training video reveals how. Assessing The Impact Of Oil Price Declines On Louisiana's Economy by Atlanta Fed It's no big secret that the energy sector is a huge contributor to Louisiana's economy. According to theEnergy Information Administration, Louisiana is one of the nation's biggest energy producers and consumers, largely because of the industrial sector, which includes many refineries and petrochemical plants. In fact, with 19 operating crude oil refineries, Louisiana ranks second in the nation in both total and operating refinery capacity. Read more ... Budgetary And Economic Effects Of Repealing The Affordable Care Act by Congressional Budget Office Over the past several years, a number of proposals have been advanced for repealing the Affordable Care Act (ACA), which became law in March 2010. In this report, CBO and the staff of the Joint Committee on Taxation (JCT) analyze the main budgetary and economic consequences that would arise from repealing that law. Read more ... Understanding Recent Exchange-Rate Movements by Dallas Fed The international purchasing power of the euro area declined 16 percent and that of Japan fell 13 percent relative to the U.S. from July 2014 to last February. Read more ... Early Headlines: End of Humanity, Ex-King Coal, Bernie Who?, Greece End Game, Australian Housing Boom and More Early Bird Headlines 21 June 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. Read more >> What You Missed Friday 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. Read more >> The Week Ahead: Will the Greek Crisis Roil the Markets? by Jeff Miller, A Dash of Insight The calendar shows a fair amount of economic data in the coming week, but attention is likely to be focused abroad. After many years (some would say decades) of percolating, the issue of Greece and the Eurozone is coming to a conclusion. I expect this week's theme to be: What does the Greek crisis mean for financial markets? Read more >> What Are 'Boomerang Buyers'? by Michael Haltman Many homeowners negatively impacted by the financial crisis may now, all these years later, finally be in a position to qualify for a mortgage again! These 700,000 potential 2015 reentrants into the mortgage and housing markets are known by the name 'Boomerang Buyers'. Read more >> Inaccurate Energy Forecasts are Costing Us the Earth: Here's Why by John McKibbin and Ed Langham, The Conversation How will our electricity system change in the future? Will we consume more electricity over time or less? And how will we meet our energy needs? Read more >> Shifting Patterns In Recessions And Recoveries by Lakshman Achuthan, Co-Founder and Chief Operations Officer of ECRI The topic of recession and recovery is a very important one. The focus on recovery in the wake of the crisis is understandable, and today, seven years later, there's still widespread debate about why we didn't do better. Read more ... East Asian Maths Teaching Method Boosts English Children's Progress by a Month by John Jerrim, The Conversation There has been much discussion in recent years about why East Asian children perform so well on international education tests. I've argued before that there is no one reason for these countries' stellar results, but that home background and culture plays an important role. Read more >> Why EIA, IEA, and BP Oil Forecasts are Too High by Gail Tverberg, Our Finite World When forecasting how much oil will be available in future years, a standard approach seems to be the following: Figure out how much GDP growth the researcher hopes to have in the future. "Work backward" to see how much oil is needed, based on how much oil was used for a given level of GDP in the past. Adjust this amount for hoped-for efficiency gains and transfers to other fuel uses. Verify that there is actually enough oil available to support this level of growth in oil consumption. Click for large image. Read more >> Trefis: Highlights Week Ending 19 June 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.  Read more >> The Countries With The Most Engineering Graduates from Felix Richter, Statista.com by Niall McCarthy Which countries produce the most engineering graduates every year? Read more >> Indonesia at Risk from Huge Fires Because of El Nino by Allan Spessa and Robert Field, The Conversation In 1997-98, extremely dry El Nino conditions in Indonesia kicked off a wave of large-scale uncontrolled burning, destroying about five million hectares of tropical forest (equivalent to seven million football fields). Read more >> Infographic Of The Day: Top 10 Job Titles That Did Not Exist 5 Years Ago The workplace is constantly changing and how we define what we do is no exception. Read more ...