Global Macro / Markets / Investing:
- The Big Red Button Argument for Universal Basic Income – Scot Antens
- The Trillion-Dollar Grift: Inside the Greatest Scam of All Time – Rolling Stone
- Drought and extreme heat burn through farmers’ margin for error — and it’s only July – NBC
- As housing costs soar, the exodus of families from urban centres is a threat to social mobility and cultural vibrancy – FT
- The world is in the grip of a manufacturing delusion – Economist
- Tumbling US dollar a boon to risk assets across the globe – Reuters
Americas:
- IRS says it collected $38 million from more than 175 high-income tax delinquents – Yahoo
- A Federal Judge Asks: Does the Supreme Court Realize How Bad It Smells? – NYT
- Boston Offers Tax Breaks to Convert Offices to Housing – Yahoo
- Biden forgives $39 billion in US student debt using program tweak – Reuters
- Americans are ‘hunkering down’ and cutting back on food purchases – Fortune
- PPP fraud is ‘worst in history’: $200B stolen and blown on Lamborghinis, beach houses and bling – NY Post
Europe:
- Prigozhin’s media group remains open, Russian trolls remain active — Financial Times
- German House Prices Fell By Double Digits Amid Higher Mortgage Rates – Fast Reveal
- UK government debt to reach 310% of GDP by 2070s, fiscal watchdog warns – FT
- Europe heatwave: Italy braces for potential record high temperatures of 49 degrees – Irish Times
- 18,000 Ukrainian infantrymen finish training in UK – Pravda
- French authorities ban protest against police violence in Paris – France24
- Sweden paves way for new nuclear capacity by dropping 100% renewables target – GreenEnergyNews
Asia:
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- US Lawmakers Say China Using Coercive Business Practices for Economic Advantage – VOA
- China economic data likely to show recovery is fading quickly – Reuters
- At least 31 killed by heavy rains in South Korea; rescuers hunt for missing people -Reuters
- Singapore arrests cabinet minister in top-level corruption probe – Guardian
- India Launches Second Moon Landing Attempt – VOA
- India dangles BrahMos missile sales for Russia – AsiaTimes
Trans-Tasman:
- NSW’s building industry is reforming after years of apartment defects, but comes too late for many owners – ABC
- Influenza deaths in Queensland and NSW prompt calls for free vaccine – ABC
- ‘Without them I’d be starving’: cost-of-living crisis forcing more Australians than ever to rely on food banks – Guardian
- Dutton wants Australia to join the “nuclear renaissance” – but this dream has failed before – Conversation
- Qantas and Virgin duopoly dwarfs the Australian banking and supermarket industries, airport peak body says – Guardian (it should be a monopoly, just nationalise Qantas already….)