Global Macro
- Do forecasters see a turning point for global GDP? Gavyn Davies
- Despite bond bubble warnings, fixed income hedge funds poised to overtake equities. Financial Times
- Risk-weighted capital to be a thing of the past? The Economist
- Wall Street’s five worst trades of 2012. Quartz
- Saving economics from the economists. Harvard Business Review
- Bloomberg to buy the Financial Times? CNBC
North America
- Is Obama using the fiscal cliff to drive a wedge between Republicans? Edward Luce. I thought the GOP already looked fractured enough.
- My warning to Congress. Steve Keen
- Obama and Boehner sit down and talk. New York Times and Washington Post
- Iran tests America’s grasp of reality. Asia Times
Europe
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- A British exit from the EU would be a reckless gamble. The Economist
- Why skills shortages exist alongside high youth unemployment. Schumpeter
- AS Juncker steps down, will a French finance minister head the Eurogroup? Spiegel
- Britain should get fracking! Boris Johnson
Asia
- Philippines backs Japanese rearmament. Financial Times. Japan’s ascendant militarists will like this. The Philippines, a key US ally, also has a maritime dispute with China.
- Indeed, Japanese party leaders turn up the rhetoric. Wall Street Journal
- Too bad the country seems to be in a near-permanent state of recession. Bloomberg
- Just as well that North Korean missiles aren’t as good as Japanese cars. NK may delay planned rocket launch, technical problems suspected. Japan Times
- Striking workers beaten during Xi’s tour of Guangdong. South China Morning Post. Reform??
- Police chief sacked after keeping twin mistresses. English.news.cn Reform!
- Tibetans detained for inciting acts of self-immolation. Reuters
- China’s wealth-gap 50% above risk level for social unrest. Bloomberg
Local
- Coalition claims Labor is rorting the roll. The Australian
- Junk Kyoto and the carbon tax. Right-wing nutter Tim Wilson
- Australia and emissions targets. Giles Parkinson
- Floating LNG: an alternative future for gas? Prof Susan Gourvenec
- Gina Rinehart’s self-published autobiography “a bit of a mess.” Crikey. That’s a bit of an understatement.
- Investors cheer Fortescue’s BC Iron sale. Sydney Morning Herald
Interesting/Other
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- If Jesus were around today he’d occupy Wall Street. Aeon
- The next step in domain names (but not if the ITU has its way!). Global Economic Intersection
- Vale Sir Patrick Moore, astronomer. The Independent
- He was also an accomplished xylophone player. YouTube