Links December 17

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Global:

  • Japan’s LDP back in power with two-thirds majority with ally Reuters
  • Postscript: Paul Samuelson The NewYorker
  • UBS faces $1.6bn fine over libor rigging Reuters
  • Apple’s Problem? A matter of scale MacroMon
  • Philippines typhoon death toll tops 1000 France24

North America:

  • Boehner offers to include higher tax rate on wealthy to avoid fiscal cliff CNN
  • White house won’t accept new tax offer from Republican leader Reuters
  • US housing prices revert to long-term per capita income growth SoberLook
  • Barrons 2013 outlook – no negative forecasts PragCap
  • Schedule for the week ahead Calculated Risk
  • FNC: Residential property values increased 3.7% YoY in October Calculated Risk

Europe:

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  • FT interview with Mario Draghi ECB
  • Eurozone recession likely deepened in fourth quarter Reuters
  • Italy: Monti’s moment FT
  • Euro Crisis will linger, Merkel tells summit WSJ
  • ‘Worrying signs’ for euro economy Irish Times , Reuters
  • EU Car sales drop 14th consecutive month Mish
  • ECB in spotlight, Bundesbank finds itself in the shadows NYT
  • Prince of Wales defends tax status FT

Asia:

  • China lets foreign sovereigns, central banks exceed $1 billion investment limit Reuters
  • The bullies of Beijing: China’s image problem The Diplomat
  • China steps up pressure on Japan in Island dispute NYT

Local:

  • Gillard rejects early election call SMH
  • The govt will deliver a surplus: Albanese AFR
  • States must change, not GST: Swan AFR
  • GST, mining tax, states taxes need overhaul, OECD advises The Oz
  • Harvey moves to snap-up Tinkler’s racing operations ABC
  • ABS releases Land Tax Account for the first time ABS
  • Fairfax will adapt or die Chris Joye
  • Steve Keen’s Minsky kickstart project Steve Keen
  • What’s spooking AUD shorts? SoberLook

Other:

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  • How Japan virtually eliminated shooting deaths BI (h/t the Lorax)
  • 2008 investment guides are hilarious The Big Picture
  • Fun places on the internet in 1995 Paleofuture
  • Researchers demonstrate a new kind of quantum entanglement phys.org