Links 6 May 2014

Global Macro / Markets:

• The unprecedented chase for yield – Sober Look

North America:

• The $10,000 Bachelor’s Degree Arrives – Bloomberg
• 70% of black high-school dropouts born in 1975 have been to prison – VOX
• Americans are likelier to die due to pregnancy complications than Russians – VOX
• In Tepid Wage Growth, a Potent Sign of a Still-Fragile Economy – New York Times
• Student Debt and a Broken Financial System – House of Debt
• Goldman Sachs on the Labor Force Participation Rate – Calculated Risk

Europe:

• Tory tax on property is perfect for the Piketty age – Financial Times
• In eastern Ukraine, the mob rules – Reuters
• Brussels cuts eurozone inflation forecast – Financial Times
• Russia Knows Europe Sanctions Ineffective With Tax Havens – Bloomberg
• Britain’s economic growth is not a sign that austerity works – Washington Post

Asia:

• Why Japan’s Smaller Military Could Hold Its Own Against China – Business Insider

Local:

• We need a debate on the federation – The AFR
• Return tax right to states – The Australian
• Squaring the budget circle – The AFR
• The man who looked at the economics of everything – The AFR
• Military super scheme gets the boot – The AFR
• How Coles squeezed its suppliers – The AFR
• Plan to make jobless move for work panned – The AFR
• Budget pain hits early for PM – The Australian
• Labor ban on levy as Libs rally support – The Australian
• Palmer bids for coal port expansion – The Australian
• Victoria envy of nation – The Australian
• Coalition rules-out minimum wage cuts – The Australian
• Soaring population sends Budget reeling – The Australian
• Consultants stalk PS work after COA – Canberra Times
• Backlash over Libs cash grab – Canberra Times
• Aussie coal mining in “structural decline” – The Guardian
• COA: Ideology over evidence – The Guardian

Other:

• Star Wars: The Battle to Build the Next Shuttle – Bloomberg
• Infusions of young blood may reverse effects of ageing, studies suggest – The Guardian
• Young Blood May Hold Key to Reversing Aging – New York Times
• How bad regulations enrich dentists and doctors at the expense of patients – VOX