FURTHER FURTHER READING
- Federal Reserve employees afraid to speak.
- Mark Thoma on the great lesson from the Great Recession.
- The "equity recourse note" as a solution to make banks safer.
- A new paper on weather forecasting, India, insurance markets, and climate change.
- The black-white gap in the US economy hasn't changed much in the last 50 years.
- Takeaways from Jackson Hole.
ROUND-UP
Concerns mount over risk of triggering deeper conflict: "The US, Britain and France are pressing ahead with plans for a surgical strike on Syria, punishing the Assad regime for its alleged use of chemical weapons. But senior military figures and experts on both sides of the Atlantic are expressing strong concern about the purpose of such a strike – fearing it could drag the west into an unintended war." (Financial Times)
Rupee suffers worst sell-off since 1995: "India's battered rupee endured its worst day on foreign exchange markets in almost two decades, plunging nearly 4 per cent to close just below Rs69 to the dollar – despite interventions from the nation's central bank. On Tuesday, Palaniappan Chidambaram, the Indian finance minister, had outlined a 10-point scheme to reduce the nation's current account deficit and restore economic growth." (Financial Times)
Scientists create human 'mini-brain': "Biomedical scientists have turned human stem-cells into pea-sized mini-brains with a neural structure similar to the brain of a developing embryo." (Financial Times)
