Links 6 June 2014

Global Macro / Markets:

• Wall Street adjusts to the new trading normal – Wall Street Journal
• Volatility Increases From Currencies to Bonds Before ECB – Bloomberg

North America:

• Hundreds of Cities Are Wired With Fiber—But Telecom Lobbying Keeps It Unused – Vice
• Jobs are on the line as banks’ revenue slides – Wall Street Journal
• Putting an end to America’s incarceration crisis – msnbc
• Here’s Why There’s Zero Percent Chance Of A Recession – Business Insider
• Unemployment to Remain Steady Following Dramatic Decline in April – Brookings
• 7 reasons America will fail on climate change – VOX
• Generation X: America’s neglected ‘middle child’ – Pew Research

Europe:

• Caution reigns as traders await Mario Draghi – Financial Times
• ECB introduces a negative deposit facility interest rate – European Union
• Why has the ECB introduced a negative interest rate? – European Union
• The ECB promises much and delivers little – Financial Times
• ECB cuts rates below zero to buoy euro zone economy – Reuters
• Europe Gets Negative Interest Rates. What Does That Even Mean? – New York Times
• European Central Bank Takes a Radical Step – New York Times
• Europe’s maneuvering could spark a currency war – The AFR

Asia:

• A Time-Lapse Map of Protests Sweeping China in 1989 – Foreign Policy
• Ex-student leader Zhou slips into China for Tiananmen vigil – Financial Times
• Hong Kong Stock Market Plunges 589 Points, or 22% – New York Times
• Chinese port stops metal shipments due to probe – Reuters

Local:

• Taxpayers shouldn’t fund arts degrees – The AFR
• Why Budget reforms are now in intensive care – The AFR
• A real chance to entrench growth – The AFR
• Abbott says Turnbull leadership flap ‘over excited’ – The AFR
• Why iron ore giants dig deeper as prices fall – The AFR
• Big iron ore miners still pouring money into expansion – The AFR
• Fear minimum wage will reduce Australia’s competitiveness – The AFR
• How our minimum wage punishes those at the bottom – The AFR
• WA moves to rebuild after mining boom – The AFR
• Smaller banks attack Big Four – The Australian
• Coalition is going to fix this problem – The Australian
• We’re not overtaxed: survey – Canberra Times
• It’s official: Australians don’t pay enough tax – Canberra Times
• Deficit tax comes with $550 loophole – Canberra Times
• The trouble with trading on China’s good fortune – Business Spectator
• Benefit cuts to fund hardship – The Guardian
• Poll finds support for public spending – The Guardian

Other:

• Growth Has Been Good for Decades. So Why Hasn’t Poverty Declined? – New York Times