Links 15 January 2013

Here’s a list of things Reynard read overnight.

Global Macro:

  • The End of Labor: How to Protect Workers From the Rise of Robots – The Atlantic
  • The ticking time bomb in bond funds – Fortune

North America:

  • The small job creators versus the big non-creators – FT Alphaville
  • Shale may change America, but not the climate – Climate Spectator
  • Did Obama Just Take Default Off The Table? – CNBC
  • Debt Ceiling: What Happens If Congress Doesn’t Raise It – Business Insider
  • China’s Impact on U.S. Inflation – Liberty Street Economics – New York Fed
  • The End of ‘The Coin’ Is A Lot More Dangerous Than You Think – CNBC
  • IMF: U.S. Has Done Enough Budget Cutting for 2013 – Wall Street Journal
  • FNC: Residential Property Values increased 4.2% year-over-year in November – Calculated Risk

Europe:

  • Eurozone output falls for 3rd straight month – CBC Business
  • Eurozone showing signs of recovery: IMF chief – The AFR
  • ‘Grexit’ fears give way to ‘crexit’ optimism – Financial Times
  • Euro Leaders Declaring Worst Is Over Turn to Economy Woes – Bloomberg
  • Euro-Zone Output Falls Most in Three Years – Wall Street Journal
  • Germany Seeks ‘Last Resort’ Model for ESM Bank Recapitalization – Bloomberg

Asia:

Local:

  • High prices lock FHBs out of market, and First Home Buyer Grant helped caused them. DON’T bring it back! – The SMH
  • Baillieu hides project costs – The Age
  • Petrol prices on the rise – The Age
  • Case for rate cut depends on jobless figures – The Age
  • Debt agreements rise to avoid bankruptcy – The Age
  • Revolt over ASX trading halt rules – The AFR
  • Insurance premiums to rise 30% to 40% – The AFR
  • Savings to fund spending pledges amid falling mining tax take – The Australian
  • Labor will expand mining tax – The Australian
  • $100m aid fails to save Bluescope jobs – The Australian

Comments

  1. Expand the mining tax? Got to be joking. This tax, the errant love child of Henry and Labor, was to capture revenues from so-called Super Profits, essentially only being achieved by a handful of big miners, primarily in i/o.

    MOST resource companies make very modest profits, exceptionally modest profits when compared to, say, the Banks. Royalties are already extracted and these companies abide and adhere to all usual State and Federal tax regimes.

    An unfair proposition and frankly a foolish idea.