Today’s Issue Cluster: US Labor
Greece – Greenspan predicts exit from euro inevitable
NY – Foreign Wealth Flows to Elite Residential Towers
Luxury – Shift of Focus to US
Japan – Dec: Posts Current Account Surplus; +¥187b (+$2b) / WSJ
China – Jan: Exports fell; -3.3% from +9.7% / R / WSJ / AFP / FT / CD * *
Currencies – Central Banks Move to Drive Down Yields Domino Effect WSJ *
Currencies – Hedge Funds Start Placing Bets on UK Election WSJ *
Currencies – The CNY depreciation risk remains ft *
Currencies – US Banks Say Soaring Dollar Puts Them at Disadvantage WSJ
Currencies – Strong dollar vexes US exporters, local demand helps R
Greece – Could Run Out of Cash in Weeks WSJ / FT / NYT / WSJ / FT / WSJ
Greece – Greenspan predicts exit from euro inevitable BBC
Fed – Rate Dilemma: Job Gains vs. Low Inflation WSJ / R
Fed – Inflation Well Short of 2% Target WSJ / wsj *
Fed – Policy comes under question FT * * *
Fed – Employment Data Suggest “Patience” Until 2016—or Later cfr *
Fed – Investors Buy Into Asia, Betting Won’t Raise Rates in 2015 WSJ *
NY – Baccarat Hotel Fetches Record Valuation From Chinese Buyer WSJ
NY – Foreign Wealth Flows to Elite Residential NYT / NYT *
Luxury – Shift of Focus to US NYT * *
Luxury – Food the new frontier in Italy FT * * * *
Ship – West Coast Port Employers Suspend Some Operations WSJ / R / FT
Ships – Bigger Container Boats Pose Bigger Risks WSJ
Coffee – Gets Boost From Dry Outlook in Brazil WSJ
Coffee – Colombia’s production returns to pre-crisis levels FT * *
Refineries – Union Expands Walk Outs WSJ / R / AP / B
Refineries – New Mideast Facilities Could Stir Up Fuel-Market Dynamics WSJ *
US – Job Market Looks Ripe for Liftoff WSJ / FT * *
US – Jobs Report Hints That Wages May Be Starting to Heat Up WSJ *
US – Revisions show 245k more jobs / r *
US – Unemployment edged up to 5.7% as labor force increased / r *
US – UE duration, discouraged workers fall, participation rate edges up / r *
US – Earnings 2.2% rise sluggish, but a pickup / wsj *
US – Job growth in professional services, construction and mining / wsj *
US – Most jobs full-time though 2m below prerecession level / wsj*
US – Jobless Claims Are Even Lower Than They Appear wsj *
US – Workers Still Waiting for Wage Growth wsj *
US – Watching the Employment Cost Index for Wage Growth wsj * *
US – Workweek of production employees in manufacturing BLS *
US – Increasingly Competing With Mexico for Farm Labor WSJ
US – Where most-skilled foreign workers are coming from gp * *
US – Opting Out of Unions Gets Boost in States WSJ *
US – Membership Rate Falls for Unions in 2014 WSJ *
US – Is a college degree more important than it used to be? ft *
The Most Common Job In Every State npr *
