The Coming Super Grid Build-Out


Investing Daily Article of the Week

by Richard Stavros

The U.S. government is finally getting serious about upgrading the country"s crucial energy and electric infrastructure.


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What We Read Today 06 May 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".).


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.

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 more features, analysis, studies, and news published in the last week

Infographic Of The Day: What Is Actually Inside A Smartphone Or Smartwatch?

Have you ever considered everything that a smartphone does?!

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Infographic Of The Day: What Is Actually Inside A Smartphone Or Smartwatch?

Have you ever considered everything that a smartphone does?!

Read more ...

Video of the Day:

Civil rights groups and tech firms are working together to fight back against lawmakers attempting to make it more difficult for citizens to record officers on smartphones and other technology.

video of day picture

FOREX NEWS by DailyForex

Euro Edges Near to 2-month High

The Euro edged higher and moved close to a 2-month peak against its main rival, the US Dollar, helped along by better than expected economic data from the Eurozone and news that the Greek government was able to make an IMF interest payment in the amount of €200 million that was due today.

Reserve Bank of Australia Acts To Stimulate Growth

Arguably, Australia was the major economy least affected by the Global Financial Crisis. It managed to avoid a recession, but growth was cut significantly, of course and it was one of the first nations to tighten monetary policy by raising interest rates.

Bond Woes Spread, Dollar Slips

A selloff in global sovereign bonds pushed Asian stocks to two-week lows on Wednesday as investors worried it might trigger profit-taking in other asset classes, while the U.S. dollar dragged behind dogged by trade deficit concerns.

After a Fall, Dollar Bounces Back

After the Dollar’s worst run in several years, the greenback recovered versus its major peers, especially the Euro, but also against a weighted basket of rivals.

Eurozone Consumer Inflation Stops Falling

Much has been made in certain circles of the risks of prolonged deflation in the Eurozone as a potential brake on domestic demand as patient Western Europeans hold off on large ticket item purchases in the hope that the costs will be reduced when eventually they do part with the hard-earned cash and buy them
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How Bear Markets Begin

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Iceland Thinks About Stripping Banks of Money Creation Power

by Dirk Ehnts, Econoblog101

As Positive Money reports, Iceland is considering "ending lending" - for banks:

Frosti Sigurjonsson, Member of the Parliament of Iceland and Chairman of the Committee for Economic Affairs and Trade, today published a report outlining the need for a fundamental reform of Iceland"s monetary system.

The report, commissioned by the Prime Minister, considers the extent to which Iceland"s history of economic instability has been driven by the ability of banks to "create money" in the process of lending.


 USA economy at a glance (boxed items are updates in last 7 days)

April 2015 ADP Job Growth at 169,000 - Slower Growth Trend Continues

Written by Steven Hansen

ADP reported non-farm private jobs growth at 169,000. Although disappointing and below forecasts - the year-over-year rates of growth is statistically the same as last month (which was revised downward). The rolling averages of year-over-year jobs growth rate for the last 10 months remain around 2.4%.

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