News: 2014-03-06

News links for 6 Mar 2014

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Journalism/Media

Amazon CEO Jeff Bezos Puts More Money Into Business Insider – WSJ.com

Marc Andreessen’s news-business fairy tale : Columbia Journalism Review

“Marc Andreessen has some outlandish predictions about the future of the journalism business: “I am more bullish about the future of the news industry over the next 20 years than almost anyone I know. You are going to see it grow 10X to 100X from where it is today.” Sorry, but those numbers are crazy town, as Poynter’s Rick Edmonds notes.”

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RT reacts to anchor Liz Wahl quitting on air — RT USA

“Ms. Wahl’s resignation comes on the heels of her colleague Abby Martin’s recent comments in which she voiced her disagreement with certain policies of the Russian government and asserted her editorial independence. The difference is, Ms. Martin spoke in the context of her own talk show, to the viewers who have been tuning in for years to hear her opinions on current events – the opinions that most media did not care about until two days ago.”

Exclusive: RT Anchor Liz Wahl Explains Why She Quit – The Daily Beast

“Liz Wahl wasn’t just disgusted by the Kremlin-funded TV network’s handling of Ukraine, she says in an exclusive interview. RT’s coverage of the entire world “made me feel sick.””

 

Ukraine

BBC News – Ukraine crisis: Crimea parliament asks to join Russia

Russia needs to defend its interests with an iron fist – FT.com

MUST READ. Links do not equal endorsements, however. “The disintegration of the Soviet Union was not viewed as a defeat by the Russian people, but the west treats Russia as a defeated nation all the same.”

Ukraine’s other crisis: an economy in freefall (+video) – CSMonitor.com

Putin’s Ukraine Gambit Hurts Economy as Allies Lose Billions – Bloomberg

 

Emerging Markets

The Trillion Dollar Question: Who Owns Emerging Market Government Debt | iMFdirect – The IMF Blog

 

Europe

BBC News – UK service sector growth remains strong, PMI survey says

BBC News – Eurozone business growth accelerated in February, PMI survey says

Optimism in services sector at decade high – Independent.ie

El salario medio en las grandes empresas cae un 0,7% en enero | Economía | EL PAÍS

Salaries at large Spanish companies fell 0.7% year on year in January.

España paga intereses mínimos por su deuda a medio y largo plazo | Economia | EL PAIS

Spain sold 5.004 billion euros of bonds in the three to five year maturity with record low yields. Ten year yields are now 3. 356%.

House prices rising at fastest annual rate since 2007, Halifax reports | Business | theguardian.com

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Lehman creditors to recoup their money – Telegraph

Was Lehman a case of insolvency or illiquidity. I generally believe solvency was the problem. This fact that even unsecured debtors in the UK are being made whole changes the calculus. The US was a wholly different matter though.

IMF calls for ECB rate cut, quantitative easing | Reuters

 

North America

‘Beige Book’: Winter’s Impact Blunts Modest Growth Across U.S. – WSJ.com

ISM Data for January and February Suggest Sharp Slowing in Q1 GDP

Calculated Risk: ISM Non-Manufacturing Index decreases to 51.6 in February

“The February ISM Non-manufacturing index was at 51.6%, down from 54.0% in January. The employment index decreased sharply in February to 47.5%, down from 56.4% in January. Note: Above 50 indicates expansion, below 50 contraction. “

A Lackluster Start to the Year – Tim Duy’s Fed Watch

Would my blood test still cost $1,132 if the US had a public health option? | Marc Rubin | Comment is free | theguardian.com

Banks Enriched by Junk Resist U.S. Regulator Standards – Bloomberg

 

Asia/Australia

Inside China’s Military Spending – China Real Time Report – WSJ

BBC News – Australians priced out of housing, report says

Japanese Officials Discuss Perceived Decline in U.S. Military Might – Japan Real Time – WSJ

 

Markets

Is Gold Becoming Another Regular Old Commodity? | PRAGMATIC CAPITALISM

Accessible luxury snaps at heels of mega brands | Reuters

 

Elsewhere

You Should Be Eating a Lot Less Sugar – Real Time Economics – WSJ

Chipotle Warns It Might Stop Serving Guacamole If Climate Change Gets Worse | ThinkProgress

 

Bitcoin

How the “world’s first Bitcoin bank” was robbed blind | Ars Technica

 

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