Shane's Feed
Mar 3, 2014
via Data Dive

Manufacturing and consumer spending edge up

Two reports out today suggest economic growth has been moderate in the US since the beginning of the year. Consumer spending rose more than expected in January, according to the Commerce Department, likely because of high demand for heating.

Additionally, the Institute for Supply Management reported that its manufacturing index rose to 53.2 from the previous month (anything above 50 indicates expansion). Here’s what recent manufacturing growth looks like:

Mar 3, 2014
via Data Dive

Manufacturing and consumer spending edge up

Two reports out today suggest economic growth has been moderate in the US since the beginning of the year. Consumer spending rose more than expected in January, according to the Commerce Department, likely because of high demand for heating.

Additionally, the Institute for Supply Management reported that its manufacturing index rose to 53.2 from the previous month (anything above 50 indicates expansion). Here’s what recent manufacturing growth looks like:

Feb 25, 2014
via Counterparties

Peer pressure

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The age of monopolistic control over internet traffic is here. “We’re really, really fucking this up”, says Nilay Patel of the new age of pay-to-play internet, ushered in first by the Verizon v. FCC court decision last month, and more recently the Netflix-Comcast peering deal.

Feb 25, 2014
via Counterparties

Peer pressure

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.

The age of monopolistic control over internet traffic is here. “We’re really, really fucking this up”, says Nilay Patel of the new age of pay-to-play internet, ushered in first by the Verizon v. FCC court decision last month, and more recently the Netflix-Comcast peering deal.

Feb 14, 2014
via Counterparties

Megadrought

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On January 17, the governor of California declared a state of emergency due to the state’s megadrought. Most regions have only received 20-30% of their usual rain or snowfall this winter. This follows two straight less extreme, but still below normal, years of precipitation. According to US Trust’s Joseph Quinlan (via Steven Perlberg), California joins China, India, Australia, and the Middle East — all of which “are experiencing multiyear water challenges that threaten to slow or impair economic activity”.

Feb 14, 2014
via Counterparties

Megadrought

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.

On January 17, the governor of California declared a state of emergency due to the state’s megadrought. Most regions have only received 20-30% of their usual rain or snowfall this winter. This follows two straight less extreme, but still below normal, years of precipitation. According to US Trust’s Joseph Quinlan (via Steven Perlberg), California joins China, India, Australia, and the Middle East — all of which “are experiencing multiyear water challenges that threaten to slow or impair economic activity”.

Feb 12, 2014
via Data Dive

What we know about income inequaliy: America’s disappearing ‘middle-skill’ jobs and falling wages

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 atCounterparties.Reuters@gmail.com.

America is losing middle class jobs — and middle class pay. Not only are “middle-skill” jobs disappearing as routine tasks become computerized (think everything people do in the television show “The Office”), but that job loss has contributed to stagnating wages, according to a recent paper by Michael Boehm of the University of Bonn.

Feb 11, 2014
via Counterparties

Trends with benefits

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Yesterday, the Obama administration announced it would delay a part of the Affordable Care Act’s employer mandate, giving companies with more than 50 employees at least another year, and as much as two years, to make sure they cover all of their employees. At a press conference today, reporters asked the President whether the delays mean that the administration “is in part trying to push Americans toward the individual health insurance market and decouple insurance from employment”.

Feb 7, 2014
via Equals

What we know about income inequality: Better marriages may mean more inequality

There are a lot of things that “explain” inequality. Technology, finance, societal, and cultural changes have all played their part. In a new 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.

Matt O’Brien wrote a good post last week on how the classic 1989 romcom When Harry Met Sally explains inequality. I’ll let him explain:

Feb 6, 2014
via Counterparties

Micro-bloginomics

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If Twitter wants to be the global town square, it needs a few more people than its current 241 million users, Mike Isaac writes. Twitter reported earnings yesterday and while revenue per user is up, growth has slowed to a crawl. Twitter’s stock price fell to $50 from $65 on Thursday, despite the fact that earnings actually beat analysts’ expectations. Matt Lynley has a good overview of the earnings call and Quartz has all the earnings charts.