Links 27 February 2014

Global Macro / Markets:

• The instability in central bank divergence – Financial Times
• Beyond Mt. Gox, bitcoin believers keep the faith, see more robust system – Reuters
• Bitcoin virtual currency is on verge of collapse – LA Times
• Bitcoin Is in Trouble. But Its Owners Don’t Want a Bailout – National Journal

North America:

• Moody’s warns on specialised mortgage servicers – Financial Times
• Dave Camp: How to Fix Our Appalling Tax Code – Wall Street Journal
• Sequestration’s Toll: 70,000 Fewer Low-Income Families Have Housing Vouchers – Offthecharts
• US household debt – first increase in 4 years – Sober look
• Banks Averting Bond Losses With Accounting Twist: Credit Markets – Bloomberg
• Foreclosures Surging in New York-New Jersey Market – Bloomberg

Europe:

• Ukraine’s Elite: Living in Luxury, All Across Europe – Bloomberg
• Greek Yields Drop to 4-Year Low, Stocks Rally Amid Troika Talks – Bloomberg
• Merkel comes to Little England – Financial Times
• Why the markets got it wrong on Europe – Business Spectator

Asia:

• China: Progressing towards financial market liberalisation and currency internationalisation – European Union
• China Steel Overcapacity “Beyond Imagination” – Caijing
• China guided yuan lower to thwart short-term speculators betting on a continued rise – Wall Street Journal
• Is China Preparing for a “Short, Sharp War” Against Japan? – Brookings
• China’s toxic air pollution resembles nuclear winter, say scientists – The Guardian
• Hot money threat to commodity markets – The AFR
• Is China headed for a hard landing? – The AFR

Local:

• Audit Commission cold on paid parental leave – The AFR
• Stevens wants G20 to follow through on tough choices – The AFR
• Consumers rule where politicians fail – The AFR
• Victoria, NSW not open for gas business – The AFR
• 30 years on and Government is still tackling over regulation – The AFR
• Virgin lobbies against $100 million “leg-up” for Qantas – The Guardian
• Qantas restructure to cost 5,000 jobs – The Australian
• Time for Qantas to get its house in order – Business Spectator (Locked)
• Regional airline sounds alarm – The Guardian
• Abbott defends drought relief – The Guardian
• Drought aid lessons go to waste – The Australian
• Push for $50 billion defence spend – The Australian
• US ready for LNG price war – The Australian
• Prices would have risen without LNG export plants – The Australian
• Gas forecasts completely fracked – The Age
• China trade deal still on track – The Australian
• Hockey’s agenda running out of truth – The Age
• The loose screws in Australia’s economy – Business Spectator