9 November 2015



Today’s Issue Cluster: US Labor & Monetary Policy

Hotels – New York Industry Goes on Offensive Against Airbnb
US – The Long Decline in Church Construction May Soon End
Alt – Wind: TX Utility Offers a Nighttime Special: Free Electricity


MAJOR DATA POINTS

China – Oct: Exports Drop for Fourth Month; -3.6% from -1.1% / B / FT / WSJ

China – Oct: Imports fall in sign of battered domestic demand; -16% from -17.7% / AFP / AP


MARKETS

US – Stock Investors Position for Rate Increase WSJ

US – Stock Outlook Turns Murkier WSJ *

US – Dash for debt ahead of rate rise FT * * *


ECONOMICS

US – Entitlements crowd out investment, Greenspan argues B *

US – Average household income per county / ds *


POLITICS & FISCAL POLICY

US – Ryan’s promotion lifts hopes for tax reform FT * *


MONETARY POLICY

Fed – Debate shifts to pace of lift-off FT / WSJ / B / AP / R * * *

Fed – One of Yellen’s Labor Market Measures Looks Better B * *


FINANCE



REAL ESTATE

US – First-Time Home Buyers Falls to Lowest Levels in Three Decades WSJ

US – The Long Decline in Church Construction May Soon End wsj *

US – Construction Spending Up 14.1% YoY / cr *


LABOR & EDUCATION

US – Hiring Surges WSJ * *

US – Jobs Report in Charts / wsj * *

US – Climbing Death Rate for Middle-Aged Whites wsj / FT / NYT *

US – Falling participation raises conundrum for Fed FT *

US – Count the Long-Term Unemployed as ‘Slack’? B *

US – What We Know About the 92m Not in Labor Force wsj * * *

US – Economist Throwing Cold Water on Sinking Jobless Claims B * *

US – Shift to Benefits From Pay Helps Explain Sluggish Wage Growth WSJ *

US – Retailers Work Harder to Lure Holiday Employees WSJ *

US – ‘Gig Economy’: Why Are So Few People Self-Employed? wsj *

US – Prepare for the Great Moderation B *

US – ND has largest percentage increase in employment since 2007 / BLS *


SERVICES

Hotels – Accor and Hyatt to the fore in deals rush FT * * *

Hotels – New York Industry Goes on Offensive Against Airbnb B

Hotels – China Business Travel Spending Poised to Overtake US in 2016 B *


MANUFACTURING



TECH



TRADE & TRANSPORTATION



COMMODITIES



ENERGY & ENVIRONMENT

Alt – Wind: TX Utility Offers a Nighttime Special: Free Electricity NYT *

Alt – Solar: Poised to shake up the electricity industry FT * *

Alt – Solar: Say Goodbye to Subsidies BW

Alt – Biofuel: Needs $70 oil to compete, says DuPont FT *


HEALTH



ENDNOTE

The world’s most powerful passports statista *


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