News: 2013-12-16
Markets
Bitcoins Fail Currency Test in Scandinavia’s Richest Nation – Bloomberg
Norway’s government says Bitcoin isn’t real money | The Verge
Q4 Earnings Guidance Deteriorates by One Third | The Reformed Broker
Analysis: Little respite seen for U.S. municipal bonds in 2014 | Reuters
Can the Buffett Formula Be Bottled? – WSJ.com
Love Yourself Some Treasuries – Bloomberg
Economics
‘You’ve served your purpose and now you’re trash’ | Toronto Star
Why neoclassical economics is not a science — the ultimate argument | LARS P. SYLL
North America
Toronto housing prices to double over next 25 years, study predicts | Financial Post
Canada Household Debt Ratio Reaches Record in 3rd Quarter – Bloomberg
Economists Duel Over Data in Canadian Housing Debate – Canada Real Time – WSJ
The Fed Doesn’t Really Trust the Banks Either – Bloomberg
US ranks near bottom among industrialized nations in efficiency of health care spending
This is the biggest mistake people are making about QE now
Friday banks chart, Italian-American edition | FT Alphaville
Europe
If Only It Were the 1930s – NYTimes.com
ekathimerini.com | One in five Greek households cannot cover needs
Studenti, antagonisti, Casapound: sit-in e tafferugli – Foto Gallery – Sky TG24 – Sky
Asmussen takes job as deputy Labour Minister in new German govt | Reuters
PREs, VSPs, and the ECB – NYTimes.com
Savers face fresh cuts in interest rates paid on deposits – Independent.ie
European banks: From bail-out to bail-in | The Economist
La deuda pública toca máximos históricos desde 1912 | Economía | Cinco Días
At 93.4% of GDP, Spain’s government debt is greater than at any time in the last 101 years. Debt is increasing at a rate of 259 million euros per day. Note, however, that Spain’s interest rates are at eurozone lows.
Italy
Italian politics: Heading off the populists | The Economist
Italy’s Grillo urges police to join pitchfork protests | Reuters
BBC News – ‘Pitchfork’ protests rattle Italian government
Italy’s ‘pitchfork protests,’ in fourth day, spread to Rome | Reuters
Asia
Japanese business confidence hits six-year high, Tankan survey shows | Business | theguardian.com
China Flash PMI: not always on the money | beyondbrics
As China Makes Moon Landing, Some Question the Cost – China Real Time Report – WSJ
China attacks Abe air defence zone ‘slander’ at Asean – FT.com
Technology
Our Government Has Weaponized the Internet. Here’s How They Did It | Wired Opinion | Wired.com
Don’t be fooled by the 60 Minutes report on the NSA | The Verge
Obama panel says NSA phone spying records should be held by third party | Ars Technica
Report: NSA mulls Snowden amnesty (but it probably won’t happen) | Ars Technica
Archaic but widely used crypto cipher allows NSA to decode most cell calls | Ars Technica
BBC News – Amazon workers strike in Germany over pay
EFF criticizes Google for removing secret Android app permission manager | The Verge
Sprint Working on a bid for T-Mobile US – WSJ.com
Can Sprint really buy T-Mobile? | The Verge
T-Mobile’s self-defeating resurgence | Felix Salmon
EM
S&P hunde a Venezuela en el bono basura por la ‘radicalización’ de su política | Economía | EL PAÍS
S&P has downgraded Venezuela further into junk because of the radicalization of its political economy
Elsewhere
Armstrong Bought “Million Dollar” Triple Crown Victory, Claims Gaggioli | Cyclingnews.com
Spanking Children Promotes Antisocial Behaviour and Slows Mental Development — PsyBlog
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