Links 20 May 2013

Global Macro / Markets:

• Fears over ‘lowflation’ serve up bond market surprise – Financial Times

North America:

• Fed’s Rate-Change System Up for Revamp – Wall Street Journal
• Vancouver’s International Housing Market – New Yorker
• Save the Banks, Save the Economy? – House of Debt
• Obama’s bet on gas throws caution to the wind – Financial Times

Europe:

• In Taking Crimea, Putin Gains a Sea of Fuel Reserves – New York Times
• Swiss Voters Defeat $24.65 Minimum Wage by a Wide Margin – New York Times
• Swiss voters reject world’s highest minimum wage – Reuters
• Draghi has missed the chance to act on inflation – Financial Times

Asia:

• A housing project in China highlights ties among local-government debt, corporate borrowing and shadow banking – Wall Street Journal
• Ken Rogoff warns China is next bubble to burst – The Telegraph
• China steps up speed of oil stockpiling as tensions mount in Asia – The Telegraph

Local:

• Abbott trapped by Budget time bombs – The AFR
• AAA credit rating at risk – The AFR
• The truth about our welfare state – The AFR
• Forget GST, hit rorts on super – The AFR
• The budget’s problem is a big surplus of optimism – The AFR
• WA threatens to go it alone if GST isn’t fixed – The AFR
• Brumby urges GST reform – The Australian
• Brumby: GST rise inevitable – The Guardian
• Slap GST on fresh food: Minister – Canberra Times
• Premiers warn cuts will hurt – The Australian
• States behaving like spoilt teenagers – The Australian
• Abbott budget savings at risk – The Australian
• Melbourne needs a new edge – The Age
• A plan to cope – The Age
• Abbott ‘breaks’ public servant promise – Canberra Times
• The ‘worst’ bit of Budget is good – Canberra Times
• Palmer: No HECS for Aussie students – The Age
• Aussies shouldn’t have to choose between growth and fairness – The Guardian
• Does Abbott’s army know why it’s marching? – Business Spectator

Other:

• Wolf of Wall Street Belfort Sees Pay Top $100 Million This Year – Bloomberg
• Data Pirates of the Caribbean: The NSA Is Recording Every Cell Phone Call in the Bahamas – First Look