News: 2014-04-08

News links for 8 Apr 2014

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U.S. consumer credit rises, likely boosted by student loans | Reuters

BBC News – Windows XP demise gives small business a tech headache

Brazil’s economic policies: more nails for the coffin | beyondbrics

“growth is trending down and inflation is trending up – dangerously so.“

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Never reason from an inflation rate change, Scott Sumner | EconLog | Library of Economics and Liberty

Distorting Russia | The Nation

“The degradation of mainstream American press coverage of Russia, a country still vital to US national security, has been under way for many years. If the recent tsunami of shamefully unprofessional and politically inflammatory articles in leading newspapers and magazines—particularly about the Sochi Olympics, Ukraine and, unfailingly, President Vladimir Putin—is an indication, this media malpractice is now pervasive and the new norm.There are notable exceptions, but a general pattern has developed. Even in the venerable New York Times and Washington Post, news reports, editorials and commentaries no longer adhere rigorously to traditional journalistic standards, often failing to provide essential facts and context; to make a clear distinction between reporting and analysis; to require at least two different political or “expert” views on major developments; or to publish opposing opinions on their op-ed pages. As a result, American media on Russia today are less objective, less balanced, more conformist and scarcely less ideological than when they covered Soviet Russia during the Cold War.”

BBC News – The Greek experiment

Ukraine Crisis Exposes Gaps Between Berlin and NATO – SPIEGEL ONLINE

The wrong brand of democracy – FT.com

” Never have young people been more disengaged from representative democracy: in the UK, this is less a matter of apathy than an abstention from voting for a political class seen as untrustworthy and remote. “I don’t vote because to me it seems like a tacit act of compliance,” says Russell Brand, a comedian who has spoken for many. “I know, I know, my grandparents fought in two world wars (and one World Cup) so that I’d have the right to vote. Well, they were conned. As far as I’m concerned there is nothing to vote for.” Nearly 10m people have viewed on YouTube a BBC Newsnight interview with Mr Brand, who wants a “total revolution of consciousness” to sweep away the social, political and economic system (details to follow in a book in October).”

Why UPS said no to left turns | Toronto Star

Ukraine adds to fears over South Africa food inflation | beyondbrics

Weaker renminbi could be China’s subprime – FT.com

The Six Juiciest Documents From the Apple-Samsung Trial This Week | Re/code

In East Ukraine, Protesters Seek Russian Troops – NYTimes.com

Gazprom may look east in response to sanctions – RTE News

Dropbox and Square raise new credit facilities – FT.com

Internet Ad Spend To Reach $121B In 2014, 23% Of $537B Total Ad Spend, Ad Tech Boosts Display | TechCrunch

Samsung and HTC record disappointing first-quarter results as smartphones slow | Technology | theguardian.com

Mexican Car-Sharing Service Carrot.mx Raises $2M | TechCrunch

Twitter Acquires Android Lockscreen App Cover, Moves Deeper Into Mobile Services | TechCrunch

Even Apple admits Apple might need to make a bigger iPhone

Critical crypto bug in OpenSSL opens two-thirds of the Web to eavesdropping | Ars Technica

Catherine Rampell: The safety net catches the middle class more than the poor – The Washington Post

Good reasons Pauline Marois’s Parti Quebecois was hurled from office: Olive | Toronto Star

BBC News – Japan and Australia agree trade deal

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The less Americans know about Ukraine’s location, the more they want U.S. to intervene

Brendan Eich, homophobia, and corporate values: The left is the new Moral Majority.

On the Brendan Eich witch hunt: Pushing people into any closet is wrong | The Daily Caller

The Quality Of Mercy « The Dish

Fed’s Bullard sees no need for global monetary coordination | Reuters

PIMCO | Viewpoints – Warning Signs in Leveraged Credit?

“PIMCO shares these concerns and agrees that strong demand in both syndicated loans and high yield, driven by steady flows from retail and institutional investors, has indeed led to a deterioration of terms in leveraged credit.”

Für höhere Inflationsrate: EZB hat Berechnungen zu 1000-Milliarden-Geldspritze – Wirtschaftspolitik – FAZ

This article from Friday in the FAZ says that the ECB has modeled 1 trillion euros of QE in order to prevent deflation.

Frankreich wünscht Aufschub: Sorge vor neuem Bruch des Stabilitätspakts – Wirtschaftspolitik – FAZ

Here Weidmann and Rehn argue against giving France any leeway on the deficit. The fear is a repeat of 2004 when Germany and France broke the stability and growth pact.

Unruhen in der Ostukraine: Ist das der Beginn einer neuen Annexion? – Asien – FAZ

This German article wonders if the chaos in eastern Ukraine is the beginning of another annexation by Russia

Kommentar: Besuch aus Paris – Wirtschaftspolitik – FAZ

This German commentary argues that the Germans should not allow the French to break the EU deficit rules

Americans Owed Less on Their Credit Cards in February – Real Time Economics – WSJ

BOJ Beat: Abe Adviser Calls for More Easing to Weaken Yen Should Economy Slump – Real Time Economics – WSJ

“The surprisingly frank remarks seeking a lower yen by Mr. Honda is in stark contrast to restrained comments by Tokyo policymakers who have been careful in avoiding being seen as manipulating the Japanese currency. Following the yen’s drop early last year, overseas governments and central banks have pressured Japan not to resort to a weaker yen to boost its exports at the expense of foreign economies.”

Ireland’s effective corporation tax at approximately 10.8pc over a decade – report – Independent.ie

Crimea cost Ukraine over $10 bln in lost natural resources | Reuters

Note that the title should read “Ukraine says Crimea cost it over $10 bln in lost natural resources”

Why labour markets dont clear

Mindfulness: Is it a fad or a powerful life-changing coping skill? A look at the science. – The Washington Post

USTR Froman’s Attack on Japan Set TransPacific Partnership Negotiations Back Further | naked capitalism

The Ron Paul Institute for Peace and Prosperity : Meet the Americans Who Put Together the Coup in Kiev

Obama’s attention deficit diplomacy – FT.com

“Seventy years ago, the US imposed a set of global institutions on the world that enshrined its universal values. Today, Bretton Woods and the UN are fraying. No country, even the US, has the power to reinvent them. Whether the US is led by a multilateralist or a unilateralist, the values underlying them are also under challenge. The world is drifting back into a situation of assertive regional powers and a weakening hegemon. It is hard to believe that whoever replaces Mr Obama will have better luck in reversing the tide.”

U.S. Created ‘Cuban Twitter’ To Stir Dissent, Sought Funding From Jack Dorsey, AP Reports | TechCrunch

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