Links: 2014-07-25

Atlantic City’s credit rating cut two steps to ‘junk’ status by Moody’s as casino crisis deepens | Financial Post

Amazon Reports Loss Despite Strong Sales Growth – WSJ

Emerging markets: Twilight of the BRICS | Prospect Magazine

Russia says U.S. sanctions break WTO rules, may cause trade dispute | Reuters

Canada to impose sanctions on range of Russian firms and banks | Reuters

Britain’s booming economy has proved all the naysayers wrong – Telegraph

Western powers largely alone in condemnation of Russia – The Globe and Mail

U.S. factory activity expands in July: Markit | Reuters

New-Home Sales Tumbled in June – WSJ

Fed Hubris: Central Bank Ignores That it is on Thin Political Ice

Junk bond returns head for worst month in nearly a year as bull run stalls – FT.com

BBC News – South Korea unveils $40bn stimulus to help spur growth

BBC News – Retail sales volumes continue to grow briskly

Germany to ‘spy on US and UK intelligence gathering’ for the first time in 45 years – Telegraph

Russia starts reinforcing naval fleet in Crimea – Yahoo News

Irish House Prices Surge in June – WSJ

American Users Spend An Average Of 40 Minutes Per Day On Facebook | TechCrunch

IMF Cuts US and Global Growth Forecasts for 2014 – ABC News

IMF Cuts U.S. 2014 Growth Forecast to 1.7% – WSJ

Ukraine Coalition Government Collapses as 2 Parties Quit – Bloomberg

 

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