Links – 29th October

Global Macro:

• Deleveraging and the role of central banks ECB
• Merkel urges more far-reaching financial regulation Reuters
• Denial of economics Krugman
• When the growth model changes, abandon the correlations Michael Pettis
• The renminbi block is here: Asia down, the rest of the world to go? Vox

North America:

• Schedule for the week ahead Calculated Risk
• Here a Cliff, there a cliff. But then there’s the FED NYT
• The Hamptons ain’t what is used to be Bloomberg
• Asset-backed commercial paper market declines to new lows SoberLook

Europe:

• Why Silvio Berlusconi’s jail sentence matters, even though he won’t serve it Guardian UK
• Berlusconi is not happy Corriere (via translate), watch out Monti.
• Ireland seeks backstop for bond market return Reuters
• The human cost of austerity Al Jazeera
• Fear and loathing in Athens: the rise of Golden Dawn and the far right Guardian , more from BBC
• After Mrs. Merkel’s Irish jig, are Ireland’s problems solved Forbes

Asia:

• China begins criminal probe into Bo Xilai Al Jazeera
• Sinica: Party congress preview. PopupChinese , podcast features Garnaut and Chonavec amongst others.(download here )

Local:

• Fairfax “system down” including the AFR website it seems.
• Australia in the Asian century gov.au
• Asian blueprint spurs reform push Locked Oz , SMH
• Southern Cross Construction collapses in $17million debt BusinessDay

Other:

• Ai Wei Wei’s interview with the Chinese digital thought police The Atlantic
• Why data centres have a big impact on the economy gigaom
• When only $1 billion will do, the rich live in a bubble Bloomberg – it’s a book
• Scientist neat the house at roulette with Chaos theory Forbes
• Hurricane Sandy News BI