FURTHER FURTHER READING
- Yes, productivity matters, but it is not everything.
- A timeline of the Bernanke years.
- Banks in trouble for losing money and getting in trouble.
- Sen vs Bhagwati gets the New York Times treatment.
- Carola Binder on diversity on the MPC, and in economics.
- The perfect CNBC decabox.
ROUND-UP
Trading resumes of Nasdaq-listed stocks: "Trading in Nasdaq-listed stocks including Apple, Google and Microsoft resumed three hours and 10 minutes after trading was frozen in all companies listed on the second-largest US stock exchange after a technical breakdown. After an afternoon marked by chaos and confusion among traders and investors, Nasdaq appeared to successfully reopen trading in roughly 2,500 US companies worth about $5.4tn at 3.25pm local time." (Financial Times)
China antitrust push draws ire of US companies and regulators: "US regulators and businesses have spoken out against an antitrust enforcement push by Chinese authorities as the issue emerges as a potential new friction point in relations between the world's two largest economies. Foreign investors in China are increasingly concerned that they are being targeted in official investigations of pricing practices, such as one aimed at baby formula manufacturers earlier this year." (Financial Times)
Emerging markets central banks' emergency reserves drop by $81bn: "Central banks in the developing world have lost $81bn of emergency reserves through capital outflows and currency market interventions since early May, even before renewed turmoil in emerging markets. The figure, which excludes China, is equal to roughly 2 per cent of all developing country central bank reserves, according to Morgan Stanley analysts, who compiled the data from central bank filings for May, June and July." (Financial Times)
