Links 14 May 2014

Global Macro / Markets:

• Thousands of Dollars in Dogecoin Are Missing – Slate
• The Paradox of Financial Crises – Wall Street Journal

North America:

• Bringing Bank Regulation to the Masses – New York Times
• Hospitals see blue-red divide early into Obamacare’s coverage expansion – Washington Post
• Household Debt increased in Q1 2014, Delinquency Rates Lowest Since Q3 2007 – Calculated Risk
• Regulator opens door wider for Americans on mortgages – Reuters
• U.S. household debt increases – Wall Street Journal
• Tim Geithner and the paradox behind the government’s crisis response – Washington Post

Europe:

• Norway teaches Britain how to choke house booms without killing economy – The Telegraph
• ‘It was the point where the eurozone could have exploded’ – Financial Times
• EU Image May Be Rebounding, But Frustrations Remain – PEW Global

Asia:

• Is China More Democratic Than The U.S.? – Huffington Post
• This time China’s property bubble really could burst – Financial Times
• China’s boom is over, but Beijing will avoid bust – Financial Times
• U.S. Is No. 1, China Is So Yesterday – Bloomberg

Local:

• Everyone made to pay – The AFR
• Budget 2014: Winners and Losers – The AFR
• Deficit levy to hit 400,000 high income earners – The AFR
• Super guarantee rise pushed back – The AFR
• Big projects to kick-start economy – The AFR
• Studies put asset sales in government’s sights – The AFR
• Budget hits high income earners, healthcare, and pensions – The AFR
• A modest but purposeful start – The AFR
• Joe lays path to fiscal fix – The Australian
• Reform real but dangerous – The Australian
• Herculean effort, but more to do – The Australian
• Savings will depend on forces we can’t control – The Australian
• Budget’s warning on iron ore – The Australian
• Almost an act of suicidal heroism – The Australian
• Federal Budget hits public service hard – Canberra Times
• Dozens of agencies to be consolidated or shut in Budget – Canberra Times
• Short-term pain for the future – Canberra Times
• Tough, unfair, it’s business as usual – Canberra Times
• Robbing Peter to tax Paul – Business Spectator
• A reality check for Hockey’s optimistic figures – Business Spectator
• A mixed bag of labour force fixes – Business Spectator
• Will private sector debt balance the Budget? – Business Spectator
• Hockey delivers deep pain for little gain – The Guardian
• Infrastructure spending falls short – The Guardian

Other:

• Economists used to be the priests of free markets—now they’re just a bunch of engineers – Quartz