Written by Econintersect
Early Bird Headlines 10 February 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.
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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Written by Frank Li
Here are three recent news stories:
The fact that our Presidential candidates use religion to their advantage speaks loudly about our political system: it encourages pandering at any expense, even if it obviously goes against a founding principle of America: church and state do not mix! Therefore, I feel necessary to address the issue of "the Bible vs. the Constitution", holistically.
Infographic Of The Day: The Volkswagen Emissions Scandal
In September 2015 the Volkswagen Group was found to have been cheating emissions tests by making it seem that certain cars produced far fewer emissions than was actually the case. The story broke when the US Environmental Agency discovered that many of Volkswagen's diesel cars emitted up to 40 times more fumes than the permitted limit. They achieved this through the installation of software (known as the 'defeat device'), which could sense it was running under test conditions and alter its performance accordingly.
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by Dean Baker, Center for Economic Policy Research
Steve Eisman, the hedge fund manager of Big Short fame, argued against breaking up the big banks in a column Monday in The New York Times. His basic argument is that we now have things under control because the regulators have effectively limited the banks' ability to leverage themselves.
by Michael E. Lewitt
Money Morning Article of the Week
Mainstream economists and media pundits have been telling people that problems in China are unlikely to cause serious problems in the United States. They point to the fact that China only accounts for a small percentage of U.S. trade, for example, and that the falling Chinese stock market has very little to do with our stock market. Unfortunately, they are missing the point.
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Written by Steven Hansen
The BLS Job Openings and Labor Turnover Survey (JOLTS) can be used as a predictor of future jobs growth, and the predictive elements show that the year-over-year growth rate of unadjusted private non-farm job openings marginally improved from last month. The growth rate trends marginally improved in the 3 month averages, but the 2015 year-to-date averages continue to decline.