Global Macro:
- The flowering welfare state in Asia. The Economist. Must read.
- With China, the Trans Pacific Partnership is a road to nowhere. Asia Times
- The mystery of Jackson Hole: central bankers wonder why success eludes them. The Economist
- 11 years after 9/11. Pakistan Dawn.
- Al Qaeda warns of attacks on Syria. Globe and Mail
United States:
- Climate change challenges power plant operations. Washington Post. Expect a lot more of this.
- America doesn’t have a healthcare spending problem, it has a healthcare productivity problem. Washington Post. And a healthcare equality problem I might add.
- Romney struggles to gain traction in battleground states. Wall Street Journal
- Consumer credit shrinks in July. Bloomberg
Europe:
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- Timely default is Europe’s answer, not buying time. VoxEU. Apologies if you’ve already seen it, worth further attention.
- And it’s actually Jens Weidmann who’s winning the debate on policy. Wolfgang Munchau
- German court decision looms for European Stability Mechanism. Bloomberg
Asia:
- Pro-Beijing parties win more seats in Hong Kong. New York Times. Chinese democracy.
- China’s shades of grey. Jamestown Foundation
- China stimulus is wishful thinking. FT Lex
- A Chinese growth Rorschach test. FT Alphaville
- So what is China’s ‘new normal’ growth rate anyway? Simon Rabinovith, FT
- Are Chinese banks hiding the mother of all debt bombs? The Diplomat. This will be a red rag to the bears.
- It gets worse. The ten grave problems facing China. The always interesting Geremie Barme
- More: population and the challenges of Chinese growth. East Asia Forum
- And slowing industrial output complicates Chinese easing. Bloomberg
- That’s not all. Loan rollovers mount in China. Wall Street Journal
- Unsurprisingly, China’s economy shows more frailty. Wall Street Journal
- Meanwhile, Pyongyang mulls currency reform. Asia Times
- Lessons from Japan on urbanisation and productivity. VoxEU. Considering the above, China is no doubt reading.
- If you haven’t already had enough, check out our even bigger set of China links from Sinocism later today.
Local:
- 900 jobs to go as coal price slumps. The Australian
- Coalition broadband policy may cost more, says NBN Co chair. Financial Review
- Bowen sign off on Nauru. The Age
Other:
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- Troubles vex Mexico crime-fighting force. Wall Street Journal
- Unlike our pollies, Putin is sexy and beloved. Business Week