24 June 2015



Today’s Issue Cluster: Tobacco

World – Biggest Economies to Feel the Impact of China’s Slowdown
Rail – Oil shipments set to boom, study finds
NatGas – US industrial usage falls unexpectedly


MAJOR DATA POINTS

Germany – Jun: Ifo business confidence dropped; 107.4 from 108.5 / B / ifo *

US – Q2: GDP Revised to Smaller Contraction; -0.2% was -0.7% / WSJ / R / NYT / AP / B / FT *

US – May: Durable goods orders fall; -1.8% from -1.5% / WSJ / AP


MARKETS

China – Shifts to Stocks as Indians Buy Gold WSJ *

China – State-backed cheerleaders buoy markets FT *

China – Market Feels Malaise of Good Economic News WSJ * *

China – Rally resumed, or dead cat bounce? FT *


ECONOMICS

World – Surging Dollar Boosts Europe, Japan as US Slows B *

World – Debt default risk not just a Greece story FT * *

World – Foreign Reserves Slip in EMs, Raising Risks WSJ *

World – Challenging the EM Consensus WSJ *

World – Biggest Economies to Feel the Impact of China’s Slowdown B * *


POLITICS & FISCAL POLICY



MONETARY POLICY

Fed – Might Not Raise Rates in September B * *

Fed – US productivity – the dog that isn’t barking ft * *


FINANCE



REAL ESTATE



LABOR & EDUCATION



SERVICES

Cigs – Scientists wonder if nicotine could be as benign as caffeine R

Cigs – In twist, scientists join tobacco companies to fight cancer R

Cigs – Industry Picks Up Tailwind as Smoker Suits Dealt Setback B

Cigs – Appeals Court Issues Mixed Ruling on US Warnings WSJ

Cigs – Big Tobacco Challenges UK Packaging Order WSJ / NYT / FT

Cigs – Beijing bans lighting up indoors FT / AP / NYT

Cigs – China Smokers to Inhale Higher Taxes WSJ

Cigs – State smoking bans / motw *


MANUFACTURING



TECH

Online – Borders Matter Less and Less in E-Commerce WSJ

Online – Alibaba Stumbles in American E-Commerce Market WSJ

Online – Alibaba Dreams Globally But Acts Locally WSJ *


TRADE & TRANSPORTATION

Rail – Oil shipments set to boom, study finds CBC

Rail – Oil industry challenges rules meant to stop train explosions AP / NYT

Rail – Roads Can’t Keep Enough Boxcars in Service WSJ *


COMMODITIES

Water – Global supplies are ‘in distress’, scientists warn FT / wapo *

Water – The Numbers Behind Agricultural Use WSJ *

Water – Almonds Just Surpassed Peanuts As America’s Favorite Nut dv *


ENERGY & ENVIRONMENT

NatGas – US industrial usage falls unexpectedly R *

NatGas – A Halloween Horror Story WSJ *


HEALTH



ENDNOTE

State GDPs per capita: DC almost triple that of the runner-up fixr *


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