Inequalityin China http://feedly.com/k/1iSMGqu Many studies find evidence of a growing income inequality in China. However, the majority of these studies may be constructing biased measures of inequality. This column presents evidence from a new study on how inequality in China is overstated if one ignores the spatial differences in the cost of living. With a booming urban housing market that displays a high degree of … Seguir leyendo Desigualdad en China

Eslovaquia: “El Parlamento ha decidido que los subsidios serán a cambio de un trabajo” http://feedly.com/k/1iSM4RS “Los subsidios de urgencia: a partir de enero, habrá que merecerlos”, anuncia Pravda. El 26 de noviembre, el Parlamento rechazó el vento del presidente Ivan Gasparovic sobre la legislación que introducía una obligación de trabajo para los beneficiarios del subsidio reservado a los más pobres. A partir del 1 de … Seguir leyendo Eslovaquia: “El Parlamento ha decidido que los subsidios serán a cambio de un trabajo”

Portugal: “Cada ministerio tendrá 20 policías más para reforzar la seguridad” http://feedly.com/k/1iSM2tj Sindicalistas y miembros del movimiento anti-austeridad Que se Lixe a Troika! protestaron en los edificios de los Ministerios de Finanzas, Medio Ambiente, Economía y Sanidad el 26 de noviembre, coincidiendo con un voto parlamentario sore el presupuesto de 2014. Las manifestaciones finalizaron después de que representantes del Gobierno se reunieran con los manifestantes, … Seguir leyendo Portugal: “Cada ministerio tendrá 20 policías más para reforzar la seguridad”

WhyForecastsof a WorldWithoutCarbon-Based Fuel Are DelusionalPt 1 http://feedly.com/k/1bTqLZR Resourcepressureis a constant. While the US continues to engage in a delusional energy “debate” about whether we will continue to burn coal and whether natural gas is a panacea, China is struggling to acquire and deploy of energy resources to support its economic growth targets. China has anenvironmentversusgrowthproblem. Already China is the #1 importer of oil in … Seguir leyendo Why Forecasts of a World Without Carbon-Based Fuel Are Delusional Pt 1

LowGrowthintheDevelopedWorld… Increasing Capital Flightto Asia! http://feedly.com/k/1bTqtC8 By: Chris Tell athttp://capitalistexploits.at/ Thefirstwaveofmodernglobalizationtookplaceduring 1870-1913, whenboth capital andlabour moved freelyacrossinternationalborders. Thingshavechanged a lotsincethen as everincreasingrestrictionshave emerged for capital mobility, dueinpartto a surge innationalismandincreasinglevelsofgovernmentinterferenceinbothdomesticandinternational capital flows. Ever since the Bretton–Woodssystem, which emerged out of World War II, abandoned the dollar-gold standard, capital mobility has surged. Figure 1: Net Foreign Private Sector Capital Flow in Asia (Percentage of GDP, Q4 … Seguir leyendo Low Growth in the Developed World… Increasing Capital Flight to Asia!

ConsumerConfidenceMisses (Again), TumblesToLowestIn 7 Months http://feedly.com/k/1a1dNbc No matter what measure of confidence, sentiment, or animal spirits one uses, the consumer is not encouraged by the record-er and record-er highs in the US equity market. The Conference Board’s consumer confidence datamissedforthe 2nd monthin a row – itsbiggestmissin 8 months – as it seems in October consumers were un-confident due to the government shutdown… but in November … Seguir leyendo Confianza del consumidor en EEUU en mínimos de 7 meses

Bitcoin Surges To New USD RecordHigh (+100% In 7 Days) http://feedly.com/k/1a1doW3 A week after spiking above $900, before dropping 50% in the following 48 hours amid last week’s Senate hearings, Bitcoin has recovered the losses (i.e. doubled) and is now trading at record high levels against the USD – $930 on Mt.Gox. Notably, in China, Bitcoin remains well off its record highs (5200 vs 6989 … Seguir leyendo Nuevo récord del Bitcoin

China-JapanrearmamentisKeynesianstimulus, ifitdoesn’tgohorriblywrong http://feedly.com/k/1ibYxlP Asia is on the cusp of a full-blown arms race. The escalating clash between China and almost all its neighbours in the Pacific has reached a threshold. All other economic issues at this point are becoming secondary. Beijing’s implicit threat to shoot down any aircraft that fails to adhere to its new air control zone […] shared via http://feedly.com Seguir leyendo Carrera de armamentos en extremo oriente

RichmondFed: ManufacturingimprovedinNovember http://feedly.com/k/1a0CrIQ From the Richmond Fed: FifthDistrictSurveyofManufacturingActivity Manufacturing in the Fifth District improved in November, according to the most recent survey by the Federal Reserve Bank of Richmond. Shipments and the volume of new orders rose. Employment, average workweek, and wages also picked up this month. Capacity utilization and the backlog of orders flattened, while vendor lead-time rose at a slower pace. Manufacturers were … Seguir leyendo Indicador de manufacturas de EEUU sube en noviembre