FURTHER FURTHER READING
- Why you shouldn't pay attention to consumer confidence indicators.
- The evolution of Larry Summers.
- 24,000-year-old body shows kinship to both Europeans and American Indians.
- Why guru ETFs beat human gurus.
- The payments system and monetary transmission.
- Desperate to taper.
FT EVENING ROUND-UP
Fed chair nominee Janet Yellen wins Senate committee backing: "US Federal Reserve chair nominee Janet Yellen received approval by the Senate banking committee on Thursday, clearing the way for a full Senate vote possibly before the end of the year. Ms Yellen's nomination to become the most powerful woman in global finance secured 14 votes in favour to eight against. Eleven of the 12 Democrats on the 22-member committee voted for Ms Yellen, who was also backed by three Republicans. " (Financial Times)
WTO on verge of global trade pact: "Negotiators are poised to seal the first global trade deal for more than a decade, in a rare victory for the World Trade Organisation, whose struggle to secure an international pact has increasingly threatened its relevance. The US and powerful developing-nation players, including China and India, have overcome differences in agriculture. This leaves negotiators in Geneva to put the final touches to a deal that will impose binding requirements to reduce red tape and ease the path for goods at borders around the world. " (Financial Times)
