Today’s Issue Cluster: US Economy
Ukraine – In Taking Crimea, Putin Gains a Sea of Fuel Reserves
Turkey – Alarm Over Istanbul’s Building Boom
E-Cigs – Boost quitting success among smokers, study finds
Japan – Apr: Trade Deficit Shrinks as Imports Rise Least in 16 Months; -¥0.8t from -¥1.4t / WSJ / B / AP
Bonds – Africa loses honeymoon feeling FT *
Bonds – ‘Dash for trash’ lifts unrated debt sales FT *
US – Trade Bank Pits Some Firms Against GOP WSJ *
US – Household Debt Increases WSJ *
US – Philly Fed: State Coincident Indexes increased in 47 states in April cr *
US – Frugal consumers make it tough for food companies to raise prices R
US – Housing Makeover Downsizes GDP Growth Outlook wsj *
US – One reason the auto market has bounced back faster than housing ft ** *
US – Rise in Consumer Debt Suggests Growing Confidence NYT *
US – Income Tax Yo-Yo Hits States WSJ *
US – Housing Starts Rose 13.2% in April WSJ *
US – AIA: “Contraction in Architecture Billings Index Continues” cr *
US – Mortgage, Home-Equity Woes Linger WSJ / AP / cr * *
US – Housing Investors Settle Into a Holding Pattern WSJ *
US – 8 in 10 Manhattan home sales are all-cash wapo / b * *
US – Workers Try a New Tactic in Minimum-Wage Fight WSJ *
US – CBO: Minimum wage boost would cost firms $15b AP
Ukraine – Locals get angry with pro-Russia separatists AP / WSJ / FT / WSJ / R / FT / WSJ *
Ukraine – Airbus Explores Titanium Supply Options Amid Russia Sanctions WSJ
Ukraine – In Taking Crimea, Putin Gains a Sea of Fuel Reserves NYT *
Fed – Rate-Change System Up for Revamp WSJ / FT / WSJ *
Credit Suisse – Woes go beyond $2.6b fine FT / NYT / FT / WSJ / FT * * *
Deutsche Bank – Investors worry about its ability to ride out the fixed-income drought FT * *
Turkey – Alarm Over Istanbul’s Building Boom NYT
E-Cigs – Boost quitting success among smokers, study finds R / NYT
E-Cigs – Blu Ecigs UK chief expects few sellers to survive FT
Aerospace – General warns of US vulnerability FT / WSJ / WSJ
Security – US companies may see China backlash over cyber spying charges R / NYT / WSJ / NYT *
TPP – Talks End With Little Progress WSJ / WSJ
TTIP – Ceding Red Tape on Drugs Proves Tough WSJ *
EU – ‘Immigration debate masks benefits to top economies’ R *
EU – Permanent Migration to Germany Up Nearly 40% in a Year, Says OECD WSJ / FT / R * *
EU – Germany at full employment yet wage growth & inflation slowing / b *
Statistics 101: Type I and II errors simplified fd *
