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Ukraine crisis sees a disturbing development
MSNBC
NBC's Jim Maceda has the latest from Ukraine, and former Governor Bill Richardson, D-N.M., joins Luke Russert to discuss the pamphlets that Jews in East Ukraine received asking them to register, and what he thinks will happen next in the area.
Related: Russia forges ahead with pipeline skirting Ukraine
Isabel Gorst / Beyond BRICs
Russia has brushed off the threat of western energy sanctions on Friday and pledged to press ahead with plans to build a new gas export pipeline that would strengthen its hold on European gas markets. Russia is continuing work on the 2,500km South Stream pipeline that will carry gas across ...
Related: Russian stocks rise as Ukraine talks appear to ease tensions
Irish Times
Moscow's benchmark equity gauge surges 2.3 per cent to 1,359.93, trimming its recent drop
Related: Ukraine: Is Obama Channeling Cheney?
Yves Smith / Naked Capitalism
In this Real News Network report, Michael Hudson discusses the news blackout in the US as far as critical developments in the Ukraine are concerned, and how the distortions and gaps in reporting exceed those in the runup to the Iraq War.
Related: Ukraine Update: Charlie Brown, Lucy, the Organ Grinder and His Monkey
The Professor / Streetwise Professor
The farce involving Ukraine continues. Today John "Charlie Brown" Kerry and Sergei "Lucy" Lavrov met in Geneva, the scene of many previous Kerry pratfalls, mostly involving Syria. (Yeah, the Euros were there. Like that matters. Well, I guess someone has to make sure the places are set properly, with the ...
 
Geneva deal won't counter Russian resolve
Neil Buckley / FT The World
By Neil Buckley With pro-Russian separatists refusing to leave captured buildings in eastern Ukraine on Friday, it is already clear that Thursday's Geneva agreement has done little to reduce tensions on the ground - or the threat of a Russian invasion. That the US, EU, Russia and Ukraine managed to ...
Related: Is Moldova Next on Putin's Hit List?
Jeffrey Goldberg / Bloomberg Views
It can be safely assumed that Russia, which seems intent on swallowing Ukraine, also has certain designs on Moldova.
Related: Despite sanctions, Russia is getting a $457.9M check from NASA
Katie Zezima / Washington Post
Despite ongoing sanctions, Russia is about to get a big infusion of cash from the U.S. government. NASA recently renewed a contract that allows Russia to ferry U.S. astronauts to the International Space Station. Read full article >>
Related: Russian debt and equity sales stall
FT
There have so far been only two $1bn bond issues from Russian companies this year compared with nine deals raising $13.1bn at the same stage last year
 
Did Derivatives Worsen the Eurozone Sovereign Debt Crisis?
Yves Smith / Naked Capitalism
Yves here. This post summarizes a paper that argues that derivatives, specifically credit default swaps, exacerbated the severity of the European sovereign debt tsuris . This sort of analysis deserves a wider audience, precisely because the prejudice of both neoclassical and neoliberal economists is that markets are ever and always ...
Related: Europe's Security Catalyst
Ditmir Bushati / Project Syndicate
Russia's annexation of Crimea and threats against Ukraine are a reminder to the countries of Eastern Europe, particularly those in the Balkans, of NATO's centrality to national - indeed, European - security. But maximizing NATO's effectiveness requires it to deepen its engagement with its most vulnerable members.
Related: In Europe, Auto Sales Are Still Low, But They Are Rising
Floyd Norris / Economix
New car sales are up by more than 10 percent in Ireland, Greece, Spain and Portugal, which signals stronger economic growth there, even if sales are still far below 2007 levels.
 
Institutions for Macroprudential Regulation: The UK and the U.S.
Donald Kohn / Brookings
The U.S. and the world economy still haven't fully recovered from the global financial crisis that provoked the worst recession since the Great Depression. Nonetheless, a lot of effort already has gone into reducing the risk that we put the world through something like this again. In the U.S. and ...
Related: UK £50bn better off thanks to quantitative easing
Angela Monaghan / Guardian
Bank of England senior economist Martin Weale says QE has has bigger impact on gross domestic product than initially thought Britain's economy is £50bn better off as a result of the Bank of England's decision to pump in money in the wake of the global financial meltdown, one of its ...
Related: QE has boosted UK growth by 3pc, says Martin Weale
Szu Ping Chan / Telegraph
Quantitative easing has raised growth by around £50bn, Bank of England working paper finds, but has also stoked inflation by more than previously estimated
 
Many aspects of the relationship between an independent Scotland and international organizations have not been fully considered
British Politics and Policy at LSE
Last month, the debate about an independent Scotland's relationship with the EU spluttered back to life when a group of financiers observed that staying in the UK posed the biggest threat to Scottish EU membership. Given the EU's growing intrusion into the everyday lives of European citizens and the importance ...
 
China new home prices rise 7.7% on year in March
CNBC
New home prices in China rose 7.7 percent on year in March, slower than February's 8.7 percent rise.
Related: China home price inflation slows for third month
South China Morning Post
Home price inflation eased on the mainland for the third straight month, official data showed on Friday, lending more evidence to a market downturn and fuelling further talk about a possible relaxation of housing policy.
Related: China's Bloated Financial System: A Quick Guide
Barry Ritholtz / The Big Picture
Source: Bloomberg Briefs
 
Japan Eyes Demolishing Unmanageable Infrastructure
Mitsuru Obe / WSJ Japan Real Time
With a thunderous kaboom and a puff of white smoke, an explosion erupts from the foot of an 11-meter column. Welcome to the demolition site of the Arase Dam in Kumamoto Prefecture, a project that has come to symbolize the future of public works in Japan.
Expand sublinks   Also:  Skeptical Speculator | FT | FT | CNBC | WSJ | JPost | FX Street | CNBC
Related: Shijuro Ogata, former central banker who opened up Japan's bureaucracy
Financial Times / FT The World
By Jurek Martin The formal obituaries of Shijuro Ogata, the former deputy governor of the Bank of Japan who has died at the age of 86, will take due note of his policy making roles over a long career, invariably executed with acumen. They will also record that, as he ...
Related: BOJ Hopes for Slowdown in Overseas Production Exodus
Tatsuo Ito / WSJ Japan Real Time
The Bank of Japan is hoping that a continued weak yen will put the brakes on Japan Inc.'s shifting of production overseas, a factor that has eaten into export volumes over recent years and stifled the beneficial impact of the weaker currency on export growth.
Related: Will Abe Implement Ballpark Stimulus?
Eleanor Warnock / WSJ Japan Real Time
Prime Minister Shinzo Abe and his party are apparently keeping an open mind about how to revitalize Japan's economy, including considering a strategy to increase the number of professional baseball teams.
 
U.S. Fed balance sheet details for latest week
Reuters
NEW YORK, April 17 (Reuters) - For details of the Federal Reserve's balance sheet, see:
Expand sublinks   Also:  WSJ Economics | JPost
Related: Will The Fed's Capital Rules Interfere with Monetary Policy?
American Banker
In the old days the Fed's monetary policy and bank supervision were separate sides of the house. But its postcrisis capital rules for banks are blurring those boundaries.
Related: Yellen Says Fed Committed to Policies to Support Recovery
kthomas / Better Markets
Apr 16 2014 - 4:22pm "Janet Yellen, in her first speech to a Wall Street audience since becoming Federal Reserve chair, emphasized her commitment to support the recovery even as full employment comes into view." read more
 
Economix Blog: Mortgage Reform Is Worth the Small Extra Cost to Borrowers
Phillip Swagel / NY Times
The higher cost for borrowers in a Senate bill reforming Fannie Mae and Freddie Mac corresponds to the protection for taxpayers that was missing in the old system, writes an economist.
Expand sublinks   Also:  Economix
Related: Has US household deleveraging ended?
VoxEU
Bruno Albuquerque , Ursel Baumann , Georgi Krustev , 18 April 2014 Household deleveraging in the US has impeded consumption and market activity in recent years, holding back the recovery. Despite substantial progress in balance sheet repair, a key question is whether deleveraging has ended or whether further adjustment is ...
 
More From Ex-SEC Lawyer James Kidney on the Agency's Failing
Yves Smith / Naked Capitalism
Former SEC enforcement lawyer James Kidney discusses the agency's shortcomings and suggests reforms.
Expand sublinks   Also:  Newmark's Door
 
Big banks lend to corporations over consumers
Stephen Gandel / Fortune Finance
Lending was up in the first quarter, but that jump has hidden the fact that individuals are still having a tough time getting loans. FORTUNE -- Consumers are still getting crunched. In the past week, the nation's biggest banks reported their results for the first three months of the year. ...
Expand sublinks   Also:  CNN
 
Jacking up investment taxes to reduce income inequality is a bad idea
James Pethokoukis / AEI
New York Times columnist Floyd Norris hates that investment income gets special tax treatment. He just doesn't see a persuasive reason for it. So Norris counts it a good thing how the 2013 tax hikes on investment income will narrow the ... read more >
Related: Capital: Piketty and such
peterradford / Real World Economics
from Peter Radford I will not pile on any more: the Piketty book is required reading. Enough said. What strikes me is that his data set is so comprehensive that it ought to end many of those lingering debates within economics. I doubt it will, but it ought to. I ...
Related: A startling piece of gender discrimination
Tim Worstall
"Is it housekeeping though?" I have bumped into a male acquaintance while clutching the May edition of Good Housekeeping magazine, and he seems confused. The 129-year-old stalwart (91 years old in the UK) made headlines this week with a feature ... read more
Related: Obama pledges action on inequality
BBC
US President Barack Obama promises a "year of action" in his annual State of the Union address, saying he will bypass Congress to tackle economic inequality.
 
Sadanand Dhume: The Coming Collapse of India's Communists
WSJ
Prashanth NewsPrashanth NewsPrashanth NewsPrashanth NewsPrashanth NewsPrashanth NewsPrashanth NewsPrashanth NewsPrashanth NewsPrashanth NewsPrashanth NewsDhume: The Coming Collapse of India's Communists Voters in the world's largest democracy may finally be ridding it of an ideology that helped keep India backward, Sadanand Dhume writes in The Wall Street Journal.The Coming Collapse of India's Communists ...
Related: Behind a Real-Estate Empire,Ties to India's Gandhi Dynasty
WSJ
Robert Vadra, an in-law of Sonia Gandhi and Rahul Gandhi of India's ruling Congress party, built a real-estate portfolio nearly from scratch in a few years.
 
DealBook: Morgan Stanley and Goldman Sachs Adjust to New Banking Climate
Peter Eavis and Rachel Abrams / NY Times
Morgan Stanley's solid first quarter provides evidence that it has adapted better to a stricter regulatory environment than rivals like Goldman Sachs, which reported an earnings decline.
 
Has the West fallen prey to crony capitalism?
Telegraph
There are certainly signs of a wealth gap - but that will inspire the strivers and innovators, says Jeremy Warner
 
Nigeria's insurance firms "ripe" for foreign acquisition
Irene Madongo / Beyond BRICs
Nigeria's insurance sector is growing rapidly and has low levels of penetration in a young society inhabiting Africa's largest economy. Add to this what a recent Fitch Rating report calls an environment "ripe for consolidation" and it becomes easy to see why foreign insurance groups are eyeing the market keenly. ...
 
Where Cash is Still King, But Plastic is Gunning for the Throne
Ben Leubsdorf / WSJ Economics
The day may come soon when cash registers go the way of fax machines. But cash is still king among large swaths of the population, particularly those deprived of easy access to banks. A case in point: shopping patterns at U.S. discount stores.
Related: Walmart Will Enter Cash Wiring Business
Elizabeth A. Harris / NY Times
Fees for the service will be $4.50 for up to $50 transferred and $9.50 for amounts above that, up to $900.
 
Welfare Queens in Cowboy Hats
James Greiff / Bloomberg Views
Cliven Bundy, the Nevada cattle rancher being cast as a victim of federal tyranny, is a scofflaw who took taxpayer subsidies and refused pay the $1.2 million he owed for using public land.
Related: After Nevada ranch stand-off, emboldened militias ask: where next?
Reuters
(Reuters) - Flat on his belly in a sniper position, wearing a baseball cap and a flak jacket, a protester aimed his semi-automatic rifle from the edge of an overpass and waited as a crowd below stood its ground against U.S. federal agents in the Nevada desert.
 
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Ukraine crisis sees a disturbing development
MSNBC
Jacking up investment taxes to reduce income inequality is a bad idea
AEI
Geneva deal won't counter Russian resolve
FT The World
Economix Blog: Mortgage Reform Is Worth the Small Extra Cost to Borrowers
NY Times
Where Cash is Still King, But Plastic is Gunning for the Throne
WSJ Economics
Has the West fallen prey to crony capitalism?
Telegraph
Welfare Queens in Cowboy Hats
Bloomberg Views
Nigeria's insurance firms "ripe" for foreign acquisition
Beyond BRICs
Big banks lend to corporations over consumers
Fortune Finance
More From Ex-SEC Lawyer James Kidney on the Agency's Failing
Naked Capitalism
What's this?
Link: Centre for Macroeconomics
Link: Economic and Social Research Council
 
Last Updated: 11:31 GMT     Friday, 18 Apr. 2014 Archive About FAQ Home