8 September 2014



Today’s Issue Cluster: US Labor

Scotland – Referendum History Points to No
Metals – Mercury: Japan industry fights ‘Minamata’ costs as trade ban looms
Hospitals – Rural facilities pressured to close as healthcare system changes


MAJOR DATA POINTS

Japan – Q2: Economy Shrank More; -7.1% was -6.8% / WSJ / R / FT / B / AP / N *

China – Aug: Exports Grew; +9.4% from +14.5% / WSJ / B / AP / AFP / R *

Germany – Jul: Exports Reach All-Time Highs; +4.7% / B / AP *


MARKETS

IPOs – Germany starts warming FT * *

IPOs – US having a big year q * * * *


ECONOMICS

World – US-Asia Decoupling Seen in Export Weakness B *

World – Composite PMI ranking / b *

World – Real GDP per capita growth over the past 10 years ft *


POLITICS & FISCAL POLICY

Scotland – UK Scrambles as Independence Campaign Makes Gains WSJ / FT / R / B *

Scotland – Referendum History Points to No B *

Scotland – Rival camps wade into debate over oil reserves FT * * *

Scotland – ‘Would be a rich country with terrible prospects’ E * * * *


MONETARY POLICY

Fed – Jobs Report Bolsters Yellen’s Caution B / WSJ / WSJ / wsj *

Fed – Doves Coming Home to Roost at Fed as Yellen Gets Suppport B


FINANCE



REAL ESTATE



SERVICES

Media – Chinese Web Firms Invest in Original Shows WSJ / WSJ *

Media – For Hollywood, Not All Box Office Dollars Are Equal WSJ * *


MANUFACTURING



TECH

PCs – Intel Spurs Market for Laptop-Tablet 2-in-1s WSJ

PCs – Reboot Risks and Rewards for Makers WSJ / R *

PCs- ‘Nakeds’ lay bare Microsoft’s EM problem R


TRADE & TRANSPORTATION



COMMODITIES

Metals – Iron: ‘Buyers’ strike’: Ore falls to continue WSJ / WSJ / FT / SMH *

Metals – Mercury: Japan industry fights ‘Minamata’ costs as trade ban looms R *


ENERGY & ENVIRONMENT

NatGas – US Exports Fuel Mexican Manufacturing Boom WSJ / wsd *


LABOR & EDUCATION

US – Slowdown In Hiring Brings Letdown On Growth Outlook WSJ * * *

US – Payrolls: smallest gain in 8 months / r *

US – Unemployment falls to 6.1% / r *

US – UE duration down, discouraged up, participation rate slips / r *

US – Two charts / q * *

US – ‘The Worst Job Stat Continues To Get Even Worse’ IBD *

US – Job Openings Hit 13-Year High wsj * *

US – America Inc. Gets Schooled on Wages WSJ *

US – On Pace for Most Announced Job Cuts in Four Years / b *

US – Why Are Jobless Claims Falling So Fast? wsj *

US – Market less flexible than in 1990, economists warn R

US – ‘Work’s for Squares’ Bn * *

US – Help Wanted (a Lot): Home-Health Aides WSJ *

US – Millennials aren’t changing jobs as much WaPo * *

US – Don’t Blame Shrinking Work Force Participation on Great Recession: Fed Board Paper wsj *

US – Demographics and GDP growth ft * *


HEALTH

Hospitals – Desperate Chinese Seek Medical Care Abroad WSJ *

Hospitals – Tenet, HCA Facing Longer-Term Tests IBD

Hospitals – Rural facilities pressured to close as healthcare system changes R *


ENDNOTE

Dominant political forces in Europe e *


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