Links 29 January 2014

Global Macro / Markets:

• This bull market is far from over – Covestor.com
• Global markets are freaking out. Here’s what the Fed should say – Washington Post

North America:

• America’s relative decline: should we panic? – The Diplomat
• New Home Prices: New Record for Average and Median in 2013 – Calculated Risk
• Poll finds Americans dissatisfied with the economy and fearful of country’s future – Wall Street Journal
• Obama to Raise Minimum Wage Under Federal Contractors – New York Times
• Income Inequality in the U.S. Means Princes Don’t Go After Cinderellas – New York Times
• As Overseas Costs Rise, More U.S. Companies Are ’Reshoring’ – NPR
• Divorces rise as economy recovers, study finds – LA Times
• The Realities of Class Begin To Sink In – New York Times
• Obama’s Plan to End Discrimination Against the Long-term Unemployed – New York

Europe:

• Global safe haven for property ‘creating ghost towns in London’ – The Telegraph
• Russian Bank Halts All Cash Withdrawals – Zero Hedge
• ECB and United Nations release handbook on financial production, flows and stocks – European Union

Asia:

• Publisher of Book Critical of China’s Leader Is Arrested – New York Times
• Japan revises teaching manuals, says islands its territory – Reuters
• India and China, Besieged by Air Pollution – New York Times

Local:

• Are we headed for a house price catastrophe? – The SMH
• Freer trade needs more than FTAs – The AFR
• Abbott rules out SPC Ardmona assistance – The AFR
• ABS battles “to keep lights on” – The AFR
• Scraping renewable energy goals an expensive move – The AFR
• NSW public servants face new assault on wages – The SMH
• Government backs Toyota cost cutting – The SMH
• Spin behind growing health care costs – The SMH
• Privatisation and sport’s sacred cows – The SMH
• Australia risks return to a “wages explosion” – The Australian
• Red flag over graduate jobs – The Australian
• Work-for-the-dole won’t create jobs – The Guardian
• Private schools do not deserve a cent of public funds – The Guardian
• Hockey can’t afford a market rout – Business Spectator