News: 2014-02-22
Emerging Markets
Mexico: where’s the growth gone? | beyondbrics
EconoMonitor : The Kapali Carsi – Forever blowing (Turkish housing) bubbles
Tesco in talks to scale down in Turkey as sales slump – Telegraph
Argentina’s seizure of YPF cost Repsol £1bn – Telegraph
La economía creció 4,9% en 2013 – Ambito.com
According to official statistics, Argentina grew 4.9% last year. The government is calling for 6.2% this year. Both figures are wildly optimistic.
BBC News – Ukraine was in economic crisis long before the protests
Ukraine Lawmakers Vote to Free Jailed Ex-Prime Minister Tymoshenko
Venezuela tells CNN journalists to ‘get out’ – CNN.com
Can the World Avoid Another Emerging-Market Crisis? – Caixin Media
Federal Reserve
Fed’s 2008 Transcripts Show Struggle to Grasp Magnitude of Crisis – WSJ.com
Fed 2008 Transcripts Q4: Whatever It Takes – Real Time Economics – WSJ
Fed 2008 Transcripts Q3: The Panic Erupts – Real Time Economics – WSJ
Fed 2008 Transcripts Q2: Spring Lull – Real Time Economics – WSJ
Fed 2008 Transcripts Q1: Winter Wake-Up Call – Real Time Economics – WSJ
And yes, the Fed was really, really concerned about Treasury fails in 2008 | FT Alphaville
Plosser didn’t like the idea of the Fed issuing its own debt | FT Alphaville
Fed knew about Libor rigging in 2008 – Telegraph
The 2008 FOMC Laugh Track: Gallows Humor at the Federal Reserve – Real Time Economics – WSJ
Fed’s Lacker: Fed Emergency Actions Made Crisis Worse – Real Time Economics – WSJ
North America
Existing home sales slump to 18-month low
Rail Traffic is Starting to Soften | PRAGMATIC CAPITALISM
Inflation hit 1.5 per cent in January: Statistics Canada | Toronto Star
Canada’s retail sales plunge most in a year, bringing recovery to ‘screeching halt’ | Financial Post
Wal-Mart Poised for Henry Ford Moment Amid Minimum Wage Debate
“A boost in the minimum wage to $10.10 would add $200 million — or less than 1 percent — to Wal-Mart’s annual labor bill, the University of California Berkeley Center for Labor Research and Education estimates. If Wal-Mart passed along the estimated $200 million in extra labor cost to consumers, it would equal about a penny per $16 item, said Ken Jacobs, the Labor Center’s chairman. Meanwhile, the rise may boost purchases among the chain’s core shoppers, many of whom could see their earnings climb, he said.”
The Commuting Penalty of Being Poor and Black in Chicago – Emily Badger – The Atlantic Cities
Europe
Moody’s raises Spain credit rating – Telegraph
Tesco under pressure to reduce its profit margins | Business | The Guardian
Technology
Fitbit stops selling Force activity tracker, issues voluntary recall — Tech News and Analysis
Google said to be planning private Wi-Fi login app for Android, iOS | The Verge
You won’t have broadband competition without regulation | Felix Salmon
Why Hollywood Hacking Is So Hilariously Horrible
The secret financial heavyweights on Twitter – The Infront Blog
Amazon Gets Its TV Box Ready, Again | Re/code
For Overstock CEO, Bitcoin Isn’t Just A Publicity Stunt – Forbes
Answering Work E-Mail At Night Doesn’t Make You Better At Your Job – At Work – WSJ
Oral B Announces The World’s First Bluetooth-Connected Toothbrush – Nope, Not Kidding
This is ridiculous.
Crypto weaknesses in WhatsApp “the kind of stuff the NSA would love” | Ars Technica
WhatsApp, Texting Apps Will Drain $33 Billion From Telecoms This Year
Bye Bye, WhatsApp: Germans Switch To Threema For Privacy Reasons | TechCrunch
WhatsApp ‘turned down Google in favour of Facebook’ despite higher offer – Independent.ie
Roku Said to Be Weighing Initial Public Offering in U.S. in 2014
Markets
U.S. natgas futures end week up 18 pct after hitting 5-year high
History
Why Rational People Can’t Succeed as Economic Forecasters – Justin Fox – Harvard Business Review
The Ten Most Impressive Abandoned Military Bases In The World
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