Global Macro / Markets / Investing:
- Globalisation ‘not to blame’ for income woes, study says – FT
- Examining an elephant: globalisation and the lower middle class of the rich world – Resolution Foundation
- The efficiency of entry, monopoly, and market deregulation – VOX
- History Says Trade Protectionism Has Never Worked – Third Way
- Oceans Are Absorbing Almost All of the Globe’s Excess Heat – NY Times
- Think Again and Again About the Natural Rate of Interest – Economics One
- Bond Markets Just Waking Up to Their Own Craziness – WSJ
- The world’s safest investment just got more dangerous – Market Watch
Americas:
- Clinton’s reluctance to drink water causing tension with her staff: report – The Hill
- Clinton’s impulse to ‘power through’ with pneumonia set off cascade of problems – Washington Post
- Former DNC chairman calls for Clinton contingency plan – Politico
- Worried Republicans are pouring resources into North Carolina – Washington Post
- Yes, Most Donald Trump Supporters Are Deplorable and Irredeemable – NY Mag
- Donald Trump gave an interview that should be shocking – VOX
- What’s Going on With America’s White People? – Politico
- Chicago passes another grim milestone: More than 3,000 shot this year – Chicago Tribune
- 10 Percent Unemployment Forever? – Foreign Policy
- 25 Cities Where Pay Goes Furthest – Glass Door
Europe:
- Luxembourg foreign minister: Hungary should leave EU – Politico
- Budget-related cross-border flows: EU versus US – VOX
- There Really Is No Reason for Germany Not to Do a Fiscal Stimulus Right Now – Council on Foreign Relations
- Bank of England deputy governor quits after two years – The Guardian
- ECB’s light touch lets banks offload bad loans at own speed – Reuters
- Why Brexit hasn’t destroyed the British economy (yet) – Politico
- EU to slash funds to Eastern Europe to step up migration budget – Reuters
Asia:
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- China’s Infrastructure Planners are on a Road to Nowhere – Bloomberg
- 2,500 sailors and one performance artist are stranded at sea after a Korean shipping giant’s collapse – Quartz
- The One-Rupee Trick: How banks cut their zero-balance Jan Dhan accounts – Indian Express
- About that China infrastructure paper that is making the rounds – Andrew Batson
Trans-Tasman:
- JB Hi-Fi Is Buying The Good Guys For $870 Million – Gizmodo
- Young Australians worse off as older generations prosper – News.com.au
- Census 2016: Labor caves in, backs govt on ABS fines motion – IT Wire
- Malcolm Turnbull’s dissatisfaction rating at new high, poll shows – The Guardian
- One in five bosses is a psychopath, research reveals – The SMH
- The Australian Government will block online stores not collecting GST – Gizmodo
- Dick Smith questions submarine project, says plans are ‘ludicrous’ and ‘we’re being conned’ – ABC
- Missing documents, unskilled staff, poor value for money: Auditor-General lashes immigration detention – The SMH
- The Grand Coalition to slash $500m from ARENA budget – Renew Economy
- Even with further rate cuts, new home buyers will have historically high debt | Greg Jericho – The Guardian
- Baby bonus cut under significant budget compromise between Coalition and Labor – The SMH
- Netflix likely to ignore 50% of customers willing to pay a premium for US content – PC Authority
- Challenging the ‘Malcolm’s a disappointment’ narrative – The AFR
- Australia to issue first 30-year bond – The AFR
- Record new unit supply is likely to contribute to the underperformance of unit values – CoreLogic
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Lessons from Australia’s dairy – Interest.co.nz
Other:
- Ship found in Arctic 168 years after doomed Northwest Passage attempt – The Guardian
- What self-driving cars can learn by playing Grand Theft Auto – Technology Review
- Google’s Self-Driving Car Project Is Losing Out to Rivals – Bloomberg