Links November 12th

Global Macro:

• A world without the Global minotaur: Why is the world economy failing to recover? Yanis Varoufakis
• Moving from Aid to trade Al jazeera
• BRICS eye forex reserves pool of up to $240 billion – document Reuters

North America:

• Schedule of the week ahead Calculated Risk
• Goldman in settlement talks with U.S over trading loss Reuters
• No Basel III in the new year, and no new date either US Fed
• Midwest drought continues; winter wheat in trouble SoberLook
• Direct government student loans exceed half a trillion dollars; higher eduction costs out of control SoberLook
• Recession probability chart Calculated Risk
• Obama, Boehner lay out differing plans to avoid ‘fiscal cliff’ Washington Post
• Consumer sentiment back on track Tim Duy

Europe:

• ECB’s Weidmann urges honest troika report on Greece Reuters
• In the midst of a slowdown, Germany agrees to cuts spending FT
• Spain Prime Minister to halt evictions following suicide Bloomberg , Reuters
• EU budget talk break down Telegraph UK
• Greek debt could go above 140% of GDP in 2020, ECB says Reuters. A little late to the party
• Is Greek exit from Eurozone unavoidable? WSJ
• How to end the agony of Greece, treat them like any other poor country The Economist

Asia:

• China’s new boss WSJ
• The children devour the revolution John Garnaut
• Noda seizes on TPP as way to steer forthcoming election Asahi Shimbun
• China’s economy to overtake US in next four years, says OECD Guardian UK
• Former US ambassador says ‘China Expertise’ an Oxymoron. Asia Society
• China’s space technology plan Xinhua

Local:

• Hockey to bypass Treasury in costing policies AFR (Locked)
• Mismanagement by states at heart of financial woes Gittins!
• Rules of US troops in NT kept secret SMH
• Labor split on nuclear subs AFR
• Queensland business confidence slipping SMH
• The deference of deposits Chris Joye
• ACTU settles with axed staff The Oz (Locked)
• Former Treasury head calls for bigger GST AFR
• BHP: iron hands on costs AFR
• Will strong sales continue? Experts say yes Domain

Other:

• The Newsnight fiasco that toppled the BBC director general Guardian UK
• What is driving Argentina’s protest movement ? Al jazeera
• Israel fires ‘warning shots’ at Syria BBC
• Educated Chinese are silent amid tibetan self-immolations NYT
• Minsky Cyclical Model demo Steve Keen (Youtube)
• The economics of video games Washington Post
• 3d-printed rockets help propel nasa’s space launch system Wired
• Some geek nostalgia Retronaut, great site BTW