Links 13 June 2014

Global Macro / Markets:

• Wasted economic potential – The Economist
  
• Bond bubble? What bond bubble? – Wall Street Journal
• Why Is Calling a Market Top So Hard? – Bloomberg
• The VIX Is Not A Great Way to Measure Complacency – Bloomberg

North America:

• Political Polarization in the American Public – People Press
• Polarization in American politics – Pew Research
• Retail Sales increased 0.3% in May – Calculated Risk
• U.S. retail sales miss expectations, jobless claims rise – Reuters
• Pentagon preparing for mass civil breakdown – The Guardian
• Most Americans want a path to citizenship. Most of the rest want mass deportation – VOX
• Tough to find a full-time job, Fed says – AJC
• What the foreclosure crisis looks like in urban neighborhoods with few single-family homes – Washington Post
• U.S. Economic Recovery Looks Distant as Growth Lingers – New York Times
• Heard on the Street: Lost generation casts shadow over housing market – Wall Street Journal
• How Demographic Changes Could Boost Americans’ Wages – Wall Street Journal
• Middle class Americans: Not so wealthy by global standards – CNN

Europe:

• Speech given by Mark Carney, Governor of the Bank of England – Bank of England
• Mortgage loans to be capped by Bank of England – The Guardian
• Uber sign-ups ’increase 850%’ as black cab drivers stage London taxi protest – The Independent
• Uber Protests Spread Across Europe as Taxi-App Backlash Grows – Bloomberg
• Taxi drivers plan large-scale protests against Uber – Wall Street Journal
• Former ECB official points the finger at politicians, mainly German, for Europe’s woes – Wall Street Journal

Asia:

• Hong Kong Media Worries Over China’s Reach as Ads Disappear – New York Times
• Campaign to Crack Down on Fringe Sects in China Worries Mainstream Churches – New York Times
• Asian slave labour producing prawns for supermarkets in US, UK – The Guardian
• Japan’s Abe Is the World’s Best Leader – Bloomberg
• China ramps up spending to prop up growth – Financial Times
• China surpasses Japan, now has more millionaires than any country but the U.S. – Wall Street Journal

Local:

• US pressures Australia to play Asia cop – The AFR
• Old school cabbies can’t hold back the technology tide – The AFR
• Budget own goals give Labor time to regroup – The AFR
• RBA ‘went too low’ on rates – The AFR
• NSW to vet transport projects – The AFR
• ‘Crisis’ alert for jobless youth – The Australian
• Simplicity key to welfare model – The Australian
• Iron ore rebound coming: Arrium – The Australian
• Inheritance wins out over saving – The Australian
• Hockey out of touch: Shorten – Canberra Times
• Job seeker rules “unrealistic” – The Age
• Kiwis show way in handling boom – The Age
• Abbott shouldn’t lecture the US on fair taxation – The Guardian
• Aussie Dollar surges to 7mth month high – Business Spectator
• Why Australia is floored by sky-high house prices – Business Spectator

Other:

• Iraq is the ultimate startup everyone knew was doomed – Pando.com
• What? Iraq? Members of Congress show no interest in country’s burgeoning crisis – Mc Clatchy
• Kurdish forces take control in northern Iraq capital of Kirkuk – Wall Street Journal
• Insurgents in northern Iraq seize key cities, advance toward Baghdad – Washington Post
• Repent or die: al-Qaeda forces announce rules for Iraqi territory they now control – The Telegraph
• Iraq Said to Seek U.S. Strikes on Militants – New York Times
• Tesla is freeing all of its patents. Here’s why that’s not crazy – VOX
• Bullshit Job » Job Title Generator – BullshitJob.com