Links 12 May 2014

Global Macro / Markets:

• Yes, we’re in a tech bubble. Here’s how I know it – Fortune
• Where Is the Inequality Problem? by Kenneth Rogoff – Project Syndicate
• Here’s Why Debt Fuels Bubbles – Business Insider

North America:

• Timothy Geithner uses his book ’Stress Test’ to defend decisions he made during the financial crisis. – Wall Street Journal
• What Timothy Geithner Really Thinks – New York Times
• Wealth Inequality: Signal or Noise? – ashokarao.com
• How A Lawsuit Over Hot Coffee Helped Erode the 7th Amendment – Priceonomics,com
• Why the U.S. is still paying for the Civil War – Wall Street Journal
• Declining U.S. dynamism: Story, or non-story? – Noahopinion

Europe:

• Merkel plays down hope of quick deal on next Commission president – Reuters
• The Mediterranean Has Become the Grave of Migrants – The Nation
• ECB: capital flight from Russia has hit $220bn – The Telegraph
• Deflation Threatens Europe. Policy Makers Wait – New York Times
  
• Italy’s new leader on why his country will never be normal – Time

Asia:

• China should straighten out its wealth managers, says central bank – Reuters
• In Indian Candidate, Hindu Right Sees a Reawakening – New York Times
• China to avoid big economic stimulus: central bank chief – Reuters
• Chinese researchers unveil maglev train prototype that could reach 1800 MPH – shanghaiist.com
• Chinese experts ’in discussions’ over building high-speed Beijing-US railway – The Guardian
• China is not yet number one – VOX
• China is cheapening the yuan for scarier reasons than usual – Quartz
• Economists React: China’s Rock-Bottom Inflation – Wall Street Journal

Local:

• Slash Government spending: Westfield’s Warburton – The AFR
• Hockey’s tax cut and spend trick – The AFR
• Hockey’s Budget a “road to jobs” – The Australian
• PM’s broken promise will now haunt his tenure – The AFR
• Tony Burke leave door open for Budget blocking – The AFR
• China fears overblown: RBA – The AFR
• Hockey says fuel rise will fund roads, jobs – The AFR
• A super scare is coming – The AFR
• Employers of over-50s to get incentives – The AFR
• Infrastructure election years – The AFR
• Cuts to $10 billion business welfare – The AFR
• ‘Sick will get sicker’ with GP charge – The Australian
• Abbott to freeze MP’s pay – The Australian
• Abbott’s broken record could be a one-hit wonder – The Australian
• Government to freeze pay of pollies, department heads – Canberra Times
• Planning for future about to get harder – Canberra Times
• Disability pensioners to be reassessed – The Guardian
• Abbott’s grand infrastructure plan may have been a road to nowhere – The Guardian
• Iron ore miners will be spitting chips – Business Spectator
• Can the RBA defuse a mining time bomb – Business Spectator
• The shock of being forced back to work – Business Spectator

Other:

• Amazon patents taking pictures of stuff on a white background – boingboing.net
• Young Bankers Fed Up With 90-Hour Weeks Move to Startups – Bloomberg
• ‘Freakonomics’ co-author Steven Levitt talks data – Financial Times