John Lounsbury | TalkMarkets | Page 9
Managing Editor/Co-Founder of Global Economic Intersection
Contributor's Links: Global Economic Intersection
John Lounsbury is the managing editor and co-founder of the Global Economic Intersection. Global Economic Intersection (Econintersect.com) focuses on the economic effects on finance, investing, social interactions, and politics/public policy. It features ...more

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Education Organization Protests Lack Of School Choice Scholarships
Econintersect: The Center for Education Reform has issued a statement protesting the omission of the D.C. Opportunity Scholarships program from the 2015 Obama Budget Proposal.
China: More Bad Manufacturing Data
More bad news for China's manufacturing sector as the final Markit/HSBC PMI (Purchasing mangers' Index) reported a reading of 48.5, little changed from the preliminary ("flash") number reported ten days ago.
Is China Tightening Monetary Policy?
Econintersect: Traditional media and the blogosphere have presented a bewildering array of reports and opinion about what China is doing with respect to "managing" or "manipulating" its currency.
China: Official PMI Slows To Near Neutral
Econintersect: The official government PMI (Purchasing Managers' Index) for manufacturing came in lower than expected for February.
February 2014 Chicago Purchasing Managers Barometer Marginally Rises
Econintersect: The Chicago Purchasing Managers Index rose marginally, and remains firmly in expansion territory. Employment component of the index rose strongly.
Sam Seiden: 2014 Forex Best Award Winner
Econintersect: Sam Seiden, Chief Education, Products and Services Officer at Online Trading Academy, has received the Forex Best award for 2014 for Best Educational Report.
IDEA: A New Economics Institute
Econintersect: A new economics non-profit organization (prospectuve 501(C)(3) organization) is being formed and expects to be fully operational by 11 April 2014.
January 2014 New Home Sales Mixed
New home sales data for January 2014 was mixed – the seasonally adjusted headlines are much prettier than the unadjusted data. This is an extremely volatile data series.
Richmond Fed Manufacturing Growth Contracts In February 2014
Of the four regional Federal Reserve surveys released to date, two show manufacturing expanding in February 2014.
EU Court Ruling Protects Secrecy Of Greek Swap Info
Econintersect: On 06 February 2014 the European Union Court of Justice rejected a freedom-of-information request by Bloomberg News to access two internal ECB papers.
What's Up With WhatsApp?
Why would Facebook the most ubiquitous social network on the planet pluck down 19 billion for a messaging service not known in the U.S.? Global reach, ease of use, low cost freedom from mobile carriers not bound by platforms and privacy.
Eurozone: Recovery Weakens, Maybe
Econintersect: The preliminary ("flash") PMI (Purchasing Managers' Index) for manufacturing in the Eurozone fell a full point from January to February, coming in at 53.0. The service sector PMI barely budged, reading 51.7 in February following a 51.6 for January.
China: Trade Surplus Surges
China's balance of trade rose to a surplus of $318.6 billion in January 2014. This was the second highest month in five years. The blowout number was 41% larger than the monthly average for 2013 and 88% bigger than the monthly average for 2012.
IRS: Obamacare Implementation Is Challenging
An audit the IRS has "established sufficient plans to provide customer service to taxpayers regarding tax implications under the Affordable Care Act." However, any changes in the schedules or details of implementation could cause difficulties for the agency
Book Review: "In Bed With Wall Street"
The new book by Larry Doyle, In Bed With Wall Street: The Conspiracy Crippling Our Global Economy could be called a "must read." This reviewer would go even farther and say it should be required reading for every single American.
Gasoline Prices Again Fall Less Than One Cent A Gallon
Gasoline prices fell an average of 0.3 cents nationwide this past week following the previous week's fall of 0.1 cents. Since 02 September, gas prices have declined 37.4 cents. Average prices by region and a breakdown by grade follow
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