Links 10 June 2014

Global Macro / Markets:

• Mega-regional trade deals and the global mega-mess – VOX
• Are Treasury yields headed for Japanese levels? – CNBC

North America:

• War Gear Flows to Police Departments – New York Times
• 41-Year-Olds and the Labor Force Participation Rate – Calculated Risk
• Obama Has Now Fulfilled His 4 Big Promises – New York Mag
• US pensions ‘cash negative’ by 2016 – Financial Times

Europe:

• Europe’s Age of Diminished Expectations – New York Times
• Your post-Draghi carry trade – Financial Times
• Britain becomes haven for U.S. companies keen to cut tax bills – Reuters
• Greece gets new finance minister but old guard dominates cabinet reshuffle – Macropolis

Asia:

• The Danger of Moving Mountains for China’s Urban Expansion – Bloomberg
• From China, With Pragmatism – New York Times
• Vietnam banking tycoon given 30-year jail term – Straights Times
• Japan Growth Picks Up More Than Estimated on Investment – Bloomberg
• Meet China’s Tony Robbins – New Republic

Local:

• Hockey’s Budget is unsustainable – WA Today
• Senate threat to Abbott’s tax plans – The Australian
• Respect my Budget position: Abbott – The Australian
• BHP cuts 170 Pilbara jobs – The Australian
• Virtual currencies pose risks: RBA – The Australian
• Glenn Stevens advocates entrepreneurial risk – The Australian
• Australia, Malaysia to share MH370 search cost – The AFR
• New shift in MH370 search – The Australian
• First home buyer stats don’t add up – The Age
• Palmer offers compromise on PPL – Brisbane Times
• Coalition ranks rebel over PPL – The Australian
• Mining investment peaked, but export boom just started – The AFR
• Banks grow wary of low deposit buyers – The AFR
• Fairfax and ‘comical’ Andy spruik the weekend’s supposedly “strong” auction results – The AFR
• CSIRO dam hunt helps Northern Australia plan – The Australian
• Pension funds run eye over state assets – The Australian
• Privatised power cheaper: Report – The Australian
• Government seizes $360 million in unclaimed money – Canberra Times
• It’s all about property, for now – Canberra Times
• China’s attempt to curb excess capacity has huge implications for Australia – Business Spectator
• Genius versus bricks-and-mortar – Business Spectator

Other:

• Tesla makes improvements to Model S electric car – USA Today
• Interests, Ideology And Climate – New York Times
• Sex, drugs and GDP: the challenge of measuring the shadow economy – Wall Street Journal