News: 2014-03-11
Europe
Retail sales slow in February after wet weather – Telegraph
Sweden has 8.5% unemployment.
Inflationstakten minus 0,2 procent
Sweden has deflation of 0.2% in last year.
El precio de la vivienda cae un 40,5% desde el inicio de la crisis
Spanish house prices are down 40% from peak.
Ed Balls defies critics and defends jobs guarantee plan | Politics | The Guardian
House prices: most and least affordable cities in the UK – Telegraph
Austria warns costs of bank bail-out rising – FT.com
“Austria’s central bank governor has warned attempts to wind down regional lender Hypo Alpe-Adria could cost a further €3.6bn this year, potentially pushing the national budget deficit above the key 3 per cent limit.”
Emerging Markets
China’s Ordos Ghost City Pictures – Business Insider
Ukraine is a test case for American power – FT.com
“the Russian incursion into Ukraine is widely seen as a direct challenge to the US-led world order. If President Vladimir Putin gets away with it then other governments, such as China and Iran, may decide defying America is getting less risky”
Crimea Could Prove Expensive Acquisition for Russia – WSJ.com
“The burden of propping up Crimea’s anemic budget—which costs Ukraine $1.1 billion a year—would become Russia’s responsibility if it succeeds in annexing the breakaway region, but the figure could end up being significantly higher if Russia tries to raise incomes there to its national average.”
Moldova alarmed over ‘contagious’ separatism in Ukraine’s Crimea | Reuters
Technology
Synology gets even better w/ version 5.0: Why every Mac & iOS user should have a DiskStation
Coinbase: Mt. Gox May Have Stumbled, But Bitcoin Will Thrive – Japan Real Time – WSJ
Sonos sold $535 million worth of internet-connected speakers in 2013
Edward Snowden Urges SXSW Crowd to Thwart NSA With Technology | Threat Level | Wired.com
Markets
Riskier refinancings surface in slower US high-yield market | Capital City | IFRe
High-yield bonds draw investors as emerging debt loses them | Reuters
Portuguese bond yields fall to near four-year low – Independent.ie
Banking bonuses worldwide up 29% as City of London fares even better | Business | The Guardian
‘Dr. Copper’ sinks to eight-month low amid concerns about China | Financial Post
North America
Banana price-fixing scandals show dark side of fruit industry – Independent.ie
Banana War Maneuvers – Harvard Business Review
This is from 2005 but relevant to recent merger.
Federal Reserve May Have to Accelerate Tapering, Says Plosser – WSJ.com
Fed’s Evans: Time to Revise Forward Guidance – Real Time Economics – WSJ
Fannie, Freddie could send $179.2 billion to taxpayers: White House | Reuters
Evans says flatly: Fed will keep trimming bond purchases | Reuters
Forward guidance threatens to ‘encourage excessive risk’ – FT.com
“Investors are being encouraged to load up on risk because they believe forward guidance will warn them well in advance about any rise in interest rates, according to research published by the Basel-based institution known as the central bankers’ bank.”
Elsewhere
A Missing Plane and a Stolen Passport Mystery – Bloomberg View
INVESTING IT – Will Japan’s Success Soon Shine on Its U.S. Investors? – NYTimes.com
This is an article from 1996 that shows Japan’s market going up as its currency depreciated. It didn’t last.
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