15 October 2014



Today’s Issue Cluster: Prisons

US – Economists Express Skepticism About Piketty
World – Too-Big-to-Fail Banks Face Up to $870b Capital Gap
Pork – Group counters antibiotics report with online campaign


MAJOR DATA POINTS

China – Sep: Consumer Inflation Eases; 1.6% from 2.0% / WSJ / FT / X *

China – Sep: 31st Factory-Gate Price Drop Ties Asian-Crisis Record; -1.8% from -1.2% / B / X *

Germany – Sep: Inflation Remains Low; 0.8% from 0.8% / WSJ *

US – Sep: Retail Sales Fall; -0.3% from +0.6% / WSJ / R / B *

US – Sep: Producer Prices Decrease for First Time in a Year; -0.1% from flat / WSJ / B *

US – Aug: Business inventories rose; +0.2% from +0.4% / AP / R *


MARKETS

Bonds – German Debt Surges to Record Levels WSJ

Bonds – Squeeze on US muni sales boosts prices FT *

Bonds – ‘Big fund outflows are risk for banks’ FT


ECONOMICS

US – Economists Express Skepticism About Piketty nyt *


POLITICS & FISCAL POLICY

EU – Policy Makers At Odds As EZ Economic Woes Deepen WSJ / WSJ * * *

EU – Germany slashes its economic forecasts FT *

EU – German companies look overseas as home opportunities fade FT * *

EU – France Bravado Being Put to the Test WSJ / NYT / B / R *

EU – Budget will push Italy to the edge of deficit rules FT


MONETARY POLICY

BOK – Korea Cuts Base Rate WSJ / B

BOK – Won shrugs off rate cut FT / AP / AFP / b *


FINANCE

World – Too-Big-to-Fail Banks Face Up to $870b Capital Gap B

World – JPMorgan, Citigroup Boost Legal Expenses Amid Talks on Forex Settlement WSJ *

World – Big Banks Struggle to Return to Form WSJ *


REAL ESTATE



SERVICES

Prisons – US: Cities Look for Ways to Get Free of Empty Jails WSJ

Prisons – US: Violent Crime in CA Falls to Lowest Rate Since 1967 WSJ *

Prisons – US: CCA Seeks to Reduce Number of Repeat Offenders WSJ *

Prisons – US: MA jail offers $1k-a-shot drug to fight addiction, recidivism R *

Prisons – US: Construction 1810-2005 / cd *

Prisons – EU: Norway Convicts May Serve Time in Dutch Prisons WSJ / R / AP / BW *

Prisons – EU: German Builders Put Cells on the Block WSJ

Prisons – EU: The excesses and vacancies of populations E *

Prisons – EU: UK at breaking point, say justice campaigners FT * * *

Prisons – EU: UK conditions are deteriorating E * *

Prisons – EU: UK design is turning Victorian E


MANUFACTURING

Garments – Inspections Highlight Flaws at Bangladesh Factories WSJ

Garments – Brands Support Workers’ Push for Higher Wages WSJ *

Garments – Find new low-cost home in Ethiopia R


TECH

Delivery – Google Targets Amazon WSJ / R

Delivery – Connect bags Amazon in UK R


TRADE & TRANSPORTATION



COMMODITIES

Poultry – WTO sides with US in Indian fight FT / WSJ

Pork – New Vaccines Target Deadly Virus in Pigs WSJ / NYT *

Pork – Group counters antibiotics report with online campaign R

Beef – Chinese Hot-Pots Stir Imports B *


ENERGY & ENVIRONMENT

NatGas – European supply outlook for this winter r *

NatGas – Can Europe wean itself from Russia? FT * * * * *


LABOR & EDUCATION



HEALTH



ENDNOTE

Norway’s new pixel money fastco * *


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