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Noteworthy News – December 17, 2012

Economy:

Energy to spare: America is on track to produce all the energy it needs at home – Economist

DRILLING DOWN: Documents: Leaked Industry E-Mails and Reports – NY Times

Why Workers Are Losing the War Against Machines – The Atlantic

Federal Reserve to target inflation rate of 2.5% until unemployment is below 6.5% – Federal Reserve

Fed Seen Pumping Up Assets to $4 Trillion in New Buying – Bloomberg

Pimco’s Gross Says Fed Policy Means ‘Free’ Debt for Treasury – Bloomberg

Jobs, Productivity and the Great Decoupling – NY Times

Markets:

Big Money Bets on a Housing Rebound – NY Times

Asia Stocks Set for Longest Winning Streak in Three Years - Bloomberg

Politics:

How Far Would You Fall Down The Fiscal Cliff? – Slate

French in Denial as Crisis Deepens – Der Spiegel

The G.O.P.’s Existential Crisis – NY Times (Krugman)

Google’s tax avoidance is called ‘capitalism’, says chairman Eric Schmidt – Telegraph

Banks:

Outrageous HSBC Settlement Proves the Drug War is a Joke – Rolling Stone (Taibbi)

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Posted in Economics, Markets, Media, Politics.


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