Shane's Feed
Mar 10, 2014
via Data Dive

Charting the Malaysian airliner disappearance

For the third day, search and rescue operations from 10 different countries failed to find any trace of the missing Malaysian plane that disappeared about an hour into a flight to Beijing. Here’s a map of the plane’s last known location: 

There are numerous theories as to why the plane disappeared, but nothing concrete. Here’s Reuters with one scenario:

Mar 7, 2014
via Counterparties

Weather or not

Welcome to the Counterparties email. The sign-up page is here, it’s just a matter of checking a box if you’re already registered on the Reuters website. Send suggestions, story tips and complaints to Counterparties.Reuters@gmail.com.

Mar 7, 2014
via Counterparties

Weather or not

Welcome to the Counterparties email. The sign-up page is here, it’s just a matter of checking a box if you’re already registered on the Reuters website. Send suggestions, story tips and complaints to Counterparties.Reuters@gmail.com.

Mar 7, 2014
via Counterparties

What we know about income inequality: Unions on the decline

There are a lot of things that “explain” inequality. Technology, finance, societal, and cultural changes have all played their part. In this series, Counterparties takes a look at the various things that correlate with rising income inequality in order to ascertain how we got to this economy and where we might go from here. For story tips/comments/complaints email us at Counterparties.Reuters@gmail.com.

In February, the United Auto Workers lost a fight to unionize workers at a Volkswagen plant in Tennessee. The vote was taken as a symbol for all organized labor in the South — particularly because Volkswagen was tacitly supportive of the unionization movement.

Mar 7, 2014
via Counterparties

What we know about income inequality: Unions on the decline

There are a lot of things that “explain” inequality. Technology, finance, societal, and cultural changes have all played their part. In this series, Counterparties takes a look at the various things that correlate with rising income inequality in order to ascertain how we got to this economy and where we might go from here. For story tips/comments/complaints email us at Counterparties.Reuters@gmail.com.

In February, the United Auto Workers lost a fight to unionize workers at a Volkswagen plant in Tennessee. The vote was taken as a symbol for all organized labor in the South — particularly because Volkswagen was tacitly supportive of the unionization movement.

Mar 4, 2014
via Counterparties

The tax break everyone likes

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President Obama has released his budget for the 2015 fiscal year; you can read Shane’s massive guide to that 1656-page document here. The most striking detail, Shane writes, is Obama’s proposed expansion of the Earned Income Tax Credit, which provides direct cash transfers to low and moderate-income workers; the official case for the increase is made by the chair of Obama’s Council of Economic Advisors, Jason Furman, in the journal Democracy.

Mar 4, 2014
via Counterparties

The tax break everyone likes

Welcome to the Counterparties email. The sign-up page is here, it’s just a matter of checking a box if you’re already registered on the Reuters website. Send suggestions, story tips and complaints to Counterparties.Reuters@gmail.com.

President Obama has released his budget for the 2015 fiscal year; you can read Shane’s massive guide to that 1656-page document here. The most striking detail, Shane writes, is Obama’s proposed expansion of the Earned Income Tax Credit, which provides direct cash transfers to low and moderate-income workers; the official case for the increase is made by the chair of Obama’s Council of Economic Advisors, Jason Furman, in the journal Democracy.

Mar 4, 2014
via Counterparties

President Obama’s 2015 budget: Everything you need to know

Details of President Obama’s fiscal 2015 budget are starting to dribble out — the full budget is set to be released at 1130 AM today can be found on the OMB’s site or on Scribd. We”ll be gathering updates, reaction, and analysis as the budget here throughout the day.

In a year where many lawmakers seem more concerned with preparing for the midterm elections, much of the focus of the president’s budget is on helping the less fortunate — particularly the expansion of the Earned Income Tax Credit. Here’s Reuters:

Mar 4, 2014
via Counterparties

President Obama’s 2015 budget: Everything you need to know

Details of President Obama’s fiscal 2015 budget are starting to dribble out — the full budget is set to be released at 1130 AM today can be found on the OMB’s site or on Scribd. We”ll be gathering updates, reaction, and analysis as the budget here throughout the day.

In a year where many lawmakers seem more concerned with preparing for the midterm elections, much of the focus of the president’s budget is on helping the less fortunate — particularly the expansion of the Earned Income Tax Credit. Here’s Reuters:

Mar 3, 2014
via Counterparties

Crimea never pays

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“The markets are punishing Russia much more swiftly than the diplomats”, writes Jason Karaian of Russia’s invasion of Crimea, which began Friday. Today, MICEX, Russia’s main stock index, fell 11.3%. Russia’s central bank reportedly sold $10 billion of reserves and raised its overnight rate to 7% (from 5.5%) to support the ruble. The currency nevertheless fell 2.5% against the dollar today, to a record low of 36.5 rubles/dollar.