Weekend Links 18-19 April 2015

Now with added Gunnamatta …

Global Macro / Markets / Investing:

• How The World Bank Broke Its Promise To Protect The Poor – Huffington Post
• Oil slips below $64 as ample supplies weigh – Reuters
• Big-Bank Profit Engines Accelerate  – WSJ
• Why we need to rethink capitalism – TED
• Bonds beware as money catches fire in the US and Europe – Telegraph
• Apart from Big 3, iron ore miners face ‘existential’ threat: Goldman – Reuters
• China aluminum surplus to eat away global deficit – Reuters
• German 10-year yields fall close to 0% – CNBC…what the hell?…
• Bloomberg terminals experience outage – CNBC …hilarity ensued…
• Deals Postponed After Bloomberg Terminals Go Down Globally – WSJ
• That Old-Time Economics – NY Times, Krugman
• Emerging Markets: What has Changed – Marc to Market
• G20 warns of financial volatility risk as central banks diverge – Reuters
• Schlumberger Ltd axing another 11,000 jobs in second ‘wave’ of oil industry cutbacks – Financial Post

Americas:

• Ben Bernanke Will Work With Citadel, a Hedge Fund, as an Adviser – NYT
• and .. Citadel Trader Who Lost $1 Billion in 2014 Resigns – Bloomberg
• Fed Shies Away From June Rate Hike – Hilsenrath
• Fed officials lean all ways on rate hikes, data in focus – Reuters
• Lawmakers Introduce ‘Fast Track’ Trade Bill, Triggering Democratic Discord – WSJ
• Low Prices Cool Boom in U.S. Oil Production – WSJ
• Deal Reached on Fast-Track Authority for Obama on Trade Accord – NY Times
• Charted: the skyrocketing complexity of the federal tax code – Washington Post
• Substance abuse a problem for America’s workforce – CBS

Europe:

• Yanis Varoufakis: We want a new deal with partners – business live – Guardian Live blog.
• Greek Bond Yields Climb Most Since Aftermath of Syriza Election – Bloomberg
• Lagarde dashes Greek loan respite hopes – FT
• Dumb money update, Greek edition – FT Alphaville
• Worst is over, Putin tells Russians – FT
• Ukraine ally of ex-President Yanukovych found dead – BBC
• Europe Stocks Fall Most in Three Weeks Amid Greece as Banks Drop – Bloomberg
• Eurozone deflation eases in March – FT
• U.K. Jobless Claims Hit 40-Year Low as Pay Growth Picks Up – Bloomberg
• UK unemployment plummets to six-and-a-half-year low – Telegraph
• Millionaire Turned Politician Poised to Take Power in Finland – Bloomberg
• Greece’s Binary Outlook Gives Markets a Headache – WSJ
• Types of EZ convergence: Nominal, real and structural – Vox
• The standoff between Germany and Greece goes on full display in Washington – Washington Post
• Greek crisis deepens as Lagarde shoots down hopes for payment relief – Telegraph
• Will natural gas cooperation with Russia save the Greek economy? – Bruegel
• Let’s face reality, Greece is bankrupt: Marc Faber – CNBC
• Ruble’s Rise Gives Russia Room to Cut Rates, Central Banker Says – Bloomberg
• Risks Ignored in Europe as Bond Buying Distorts Markets – Bloomberg
• Europe’s credit boom locks in mediocre returns – Reuters
• China warns EU to respect looming new trading status under WTO – SCMP

Asia:

• Iraqi PM warns Isis could become unstoppable as key city threatened – Guardian
• Vladimir Putin Defends Move To Approve Sale Of Missile System To Iran – Huff Post
• China Futures Tumble on Trust Curbs, Expansion of Short Selling – Bloomberg
• China jails journalist for seven years for ‘leaking state secrets’ – Reuters
• China Futures Tumble on Trust Curbs, Expansion of Short Selling – Bloomberg
• Debt defaults cannot be ruled out in Chinese property sector, S&P warns – SCMP
• Jho says it ain’t so: Malaysian tycoon denies role in 1MDB ‘heist of the century’ – Euromoney…how not to run a SWF….
• Why the US shouldn’t worry about the AIIB – CNBC
• China suspends rules on tech companies serving banks – CNBC…what do they know?…
• Toward Understanding China’s Reserves and Yuan as a Reserve Asset – Marc to Market
• China Halts New Policy on Tech for Banks – NY Times
• Why coal looms large in India’s future – Financial Post

Terra Ironoria :

• We have to raise revenue, not just cut spending – SMH
• It’s time to merge Australia and New Zealand – Business Day
• Netflix number to scare free-to-air TV  – Business Day
• ASIC a sheep in wolf’s clothing – Business Day
• ‘Another nail in the coffin of thermal coal’ – AFR
• States want certainty on renewables – AFR
• ANZ says error behind $30m compensation – AFR
• Full Gonski or ‘schools will close’ – Oz
• ‘I must have been in another room’ – The Oz … LOL
• Jobs boost fuels rate optimism – The Oz .. More LOL
• Rio Tinto: we’ll thrive on lower iron ore prices while others suffer, says boss – Guardian
• How Weak Iron Ore Price Hurts Australia – WSJ, James Glynn and Steven Walters [JPM] (Video) ….worth a watch…
• New Zealand, Australia Economies Diverge – WSJ, James Glynn and Bill English (Video)…worth a watch…
• COAG: Talks end with no resolution over GST stoush, Colin Barnett describes meeting as ‘disappointing’ – ABC
• Former board member says Government inaction forced RBA to make harsh cash rate cuts – ABC
• Rio Tinto says Singapore office has nothing to do with tax planning – ABC
• ASIC has shown its systemic incompetence – Fairfax
• Sun sets on the west’s iron ore boom years – Fairfax .. It’s just the beginning . As many MB commentators are aware, Perth is turning into ground zero for economic contagion

Random:

• Why humans love pet dogs as much as their children – Telegraph
• The US Government Asked Sony to Help Counter ISIS Propaganda – Motherboard
• Happy birthday to Moore’s Law – WaPo
• The police shooting video Chicago has paid $5 million for us not to see – Daily Kos
• Wikileaks has released a large cache of Sony Pictures – WaPo
• Is Slack Really Worth $2.8 Billion? A Conversation With Stewart Butterfield – NYT
• Rupert Murdoch Lists Manhattan Penthouse for $72 Million – WSJ
• Forget Paris, France. You’re Better Off in Paris, Texas – Bloomberg
• Big Oil Is About to Lose Control of the Auto Industry – Bloomberg
• Meaningful financial reform – Volcker, Washington Post
• The Mansions Owned by White-Collar Criminals – WSJ
• STATEMENT OF ADAM SIEMINSKI ADMINISTRATOR U.S. ENERGY INFORMATION ADMINISTRATION U.S. DEPARTMENT OF ENERGY BEFORE THE COMMITTEE ON ENERGY AND NATURAL RESOURCES UNITED STATES SENATE APRIL 16, 2015 – US Senate (pdf)….well worth a read…