Links 16 January 2014

Global Macro/ Markets:

• World Bank updates global growth outlook – The Age
• Time for a rethink on monetary policy – Business Spectator

North America:

• Moms in ‘Survival Mode’ as U.S. Trails World on Benefits – Bloomberg
• The Fed preparing markets for the reverse repo facility (FRFA) – Sober Look
• Long-term unemployed account for 37.7 percent of all unemployed persons in December 2013 – BLS
• As Refinancing Wanes, Banks Remain Wary of New Loans – New York Times
• Administration Is Seen as Retreating on Environment in Talks on Pacific Trade – New York Times
• $1.1 trillion spending plan poised to pass with little debate and concern – Washington Post
• Senate fails to advance bill extending benefits for long-term unemployed – Wall Street Journal

Europe:

• ECB Said to Favor 6% Capital Requirement in Stress Test – Bloomberg
• David Cameron shelves migration report amid lack of evidence – Financial Times
• George Osborne’s speech on EU reform – The Guardian

Asia:

• Fixing Japan’s labour market – VOX

Local:

• Economists dispute Federal Government growth claims – The Age
• Storm brewing over our rich assets – The Age
• Surgery prescribed for Budget – The Australian
• Australia’s Budget deteriorating – The Guardian
• Unemployment tipped to hold steady – The Australian
• Public funds propping-up businesses – The Australian
• Unit rents falling in Melbourne – The Australian
• Housing bulls run rampant – The AFR
• RBA encouraging property boom – The AFR
• “Don’t bash us”, banks ask Murray Financial System Inquiry – The AFR
• The $40 billion Budget question: where will the money come from – The AFR
• Insure debt to lower infrastructure costs – The AFR
• Are banks a bad bet in 2014 – Business Spectator
• Blowing down “as safe as houses” – Business Spectator
• Electricity tariff system is unfair – The Guardian

Other:

• The Parable of the Housemates – Slate
• The list of everyone attending Davos this year – Quartz
• Reserve Accumulation in the Wake of the Great Recession – Econbrowser