Global Macro:
- Why dictatorships build stuff that crumbles. Jay Ulfelder
- And why democracies get into so much debt. The Economist
- So which is the best system of government? Unsurprisingly, it’s Sweden’s. Der Spiegel.
- Meanwhile in Tehran, non-alignment gets a new lease of life. Bloomberg
United States:
- A somber Labor Day for America’s unions. Reuters
- And what to expect at the Democrat Convention. New York Times
- Grading Obama’s economic performance. Robert Samuelson
- Grading Romney’s economic wealth. The Independent
Europe:
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- Use a European Banking Union as the condition for rescue, Mr Draghi. Wolfgang Munchau
- And make it quick, before Greece is beyond help. Financial Times. Already, only 26% of Germans believe the loans will be repaid.
- Meanwhile, David Cameron eyes a cabinet reshuffle. Guardian. Or is that eyes a deckchair reshuffle?
- Europe has reached a make or break point: Barroso. Wall Street Journal. How many times has he said that before?
Asia:
- China hype is giving way to realism. Michael Pettis in Lowy Interpreter
- And the article he was responding to. Stephen Grenville in ibid.
- Asia’s manufacturing slump deepens. Wall Street Journal
- Hu Jintao ally Ling Jihua sidelined. Bloomberg. The horse trade continues.
- Chinese skyscraper boom is a ‘craze’, ‘inadvisable’. Xinhua
- China’s steel traders expose banks’ bad debts. Reuters
- How the Party polices its own. The Economist
- Check back later for our very comprehensive China links by Sinocism
Local:
- RBA grapples with the post-boom reality. Wall Street Journal. It’s what everyone is talking about: how did they not see it coming?
- Aussie retail sales fall by biggest margin since 2010. Bloomberg
- Goodman Fielder to sell or close at least 15 factories. The Australian
- And Julia Gillard announces education ‘crusade’. Financial Review
- Etihad doubles its Virgin Australia stake. Business Day. Do they read Macro Investor?
Other:
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- Pirate Bay co-founder arrested in Cambodia. Wall Street Journal. Faces extradition in Sweden, just like old mate Assange.
- Obituary: Sun-Myung Moon, 1920-2012. Time
- And what will Rev. Moon’s death mean for the Washington Times? Washington Post. Conspiracy theories will never be the same again. RIP.
- How Syria’s rural economy is adapting to ongoing war. Reuters