1
Business Day
Study Examines Efficacy of Taxes on Sugary Drinks
A system that is based on calories rather than size would be fairer to consumers and could curb consumption, according to research financed by an organization that advocates the tax.
2
Magazine
Life in the Valley of Death
In Srebrenica, the remains of those killed in the genocide keep turning up, unsettling the reconciliation between Muslims and Serbs.
3
Business Day
Treasury Auctions Set for the Week of June 2
The following tax-exempt fixed-income issues are scheduled for pricing this week.For Bonds, This Time is Different
Bloomberg has an interesting piece
on how high bond prices and low yields have been shocking investors who
relied on old models. Some of this, I suspect, is because many people
still — after all these years — haven’t wrapped their minds around the
implications of a zero-lower=bound economy and the risks of a
low-inflation trap.
But it’s also true that structural change is
happening fast — just not the kind of structural change people like to
talk about. Never mind the stuff about skill mismatches and all that.
What’s really happening fast is the demographic transition, with Europe
very quickly turning Japanese:
And the US, although growing faster, also turning down sharply.
Add to this the fact that what we thought was
normal actually depended on ever-growing household debt, and it becomes
clear that historical expectations about normal interest rates are
likely to be way off. You don’t have to believe in secular stagnation
(although you should take it very seriously) to accept that low rates
are very likely the new normal."
http://www.bloomberg.com/news/2014-06-01/the-unstoppable-100-trillion-bond-market-renders-models-useless.html
Running to safety.
4
World
With New Palestinian Government Come Many Questions, and Some Answers
What is in it for Hamas? What might Israel do? Jodi Rudoren, the Jerusalem bureau chief of The New York Times, provides some answers.
5
Opinion
Encouragement (Sort of) About Press Freedom
Attorney General Eric Holder Jr. may have suggested that he wouldn’t send reporters to jail for doing their jobs, but he did not rule out steep fines or inflicting other damages.
6
Opinion
The Arms Struggle in Chicago
Mayor Rahm Emanuel’s sensible proposals are rooted in proven reforms that Congress should be considering nationally.
7
U.S.
Clinton Takes Responsibility for Benghazi
Hillary Rodham Clinton also pushed back against accusations that she tried to hinder a Republican-led investigation into the deadly assault.Back late.
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