News: 2014-03-11

News links for 11 Mar 2014

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Europe

Retail sales slow in February after wet weather – Telegraph

Arbetslösheten minskar

Sweden has 8.5% unemployment.

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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

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US officials reportedly plan system to monitor behavior of workers with security clearances | Fox News

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

Mining stocks hit as iron ore posts biggest one-day fall in four years | World news | theguardian.com

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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