Weekend Links July 27-28

Global Macro/Markets:

• The world might be drifting into an oil price shock – FT
• IMF fears Fed tapering could ‘reignite’ euro crisis – Telegraph

North America:

• Some Senate Democrats to Obama: Pick Yellen for Fed Chief – Wall Street Journal
• Letter backs Yellen for Federal Reserve role – FT
• Obama, Republicans gear up for bruising U.S. budget fight – Reuters
• Up for Debate at Fed: A Sharper Easy-Money Message (WSJ)
• UBS to Pay $885 Million to Settle U.S. Mortgage Suit – Bloomberg , Reuters
• Future U.S. Energy Production Threatened by Water Shortages – OilPrice
• Negative feedback loops? Tim Duy

Europe:

• Draghi Pledge One Year On Rescues Bonds Not Economy –  Bloomberg
• Greece clears last hurdle to unlock EU-IMF bailout funds – Reuters , Ekathimerini
• Greece has to sell Eurobank to foreign investor, might keep emergency property tax under terms of new bailout deal – Ekathimerini
• The threat of Golden Dawn – Ekathimerini
• France Consumer Confidence Rebounds In July – MniNews
• Germany may file complaint against EU banks plan – Reuters
• Germany wants ‘drastic haircut’ – Cyprus Mail
• Massive drop in Cyprus bank deposits – Famagusta
• The Unintended Consequences of Cyprus – Wall Street Journal
• Spain’s jobless rate falls for first time in two years – BBC
• Draghi Pledge One Year On Rescues Bonds Not Economy – Bloomberg

Asia:

• Nuke experts blast Fukushima operator over toxic leaks – France24
• Japan’s PM calls for high-level talks with China – Reuters
• Japan finmin Aso: CPI shows gradual shift to inflation from deflation – Reuters
• Samsung Boosts Capital Spending as High-End Phone Demand Slows Bloomberg

Local:

• NT rejects Feds school deal AFR
• Holden D-Day looms as 400 workers say goodbye – AFR
• Landholders cry foul over Campbell Newman’s links to gas industry – TheOz
• Kevin Rudd revives failed productivity pledge – TheOz
• SMSF property a disaster waiting to happen. AFR

Other

• All the important and surprising trends in mobile web browsing, in seven charts – QZ
• How immigrant children affect the academic achievement of native Dutch children – Vox
• Terminally ill “Simpsons” co-creator to leave entire fortune to charity – Salon