Global Macro / Markets / Investing:
- Nasdaq plunges 1.5%; Dow slides triple digits, clings to gains for 2015 – CNBC
- Energy earnings run dry in Americas – FT
- CME suspends traders for alleged Sarao-like manipulation – Bloomie
- Record month ends in pain as biotech, small-caps, Apple tumble – Bloomie
- A View to the Future: Changes in the Investment Industry – CFA institute
- Emerging market bank lending conditions suffer sharp decline – FT
- An Even More Dismal Science – Delong, Project-Syndicate
- Economic Policy Turned Inside Out – Roach, Project-Syndicate
Americas:
- Bernanke’s Rebuttal – WSJ
- Silicon Valley braced for EU scrutiny – FT
- Why G.E. Ditched Finance – New Yorker
- When Will Apple Stop Screwing the US Economy? – Moneyball Economics
- Big banks use loophole to avoid ban – WSJ
- US Navy starts to accompany ships in strait where Iran seized cargo carrier – WSJ
- Wall Street’s Thinking About Creating Derivatives on Peer-to-Peer Loans – Bloomie
Europe:
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- Malta Offers Citizenship and All Its Perks for a Price – NYT
- Defiant Greeks draw battle lines as Grexit crisis deepens – Telegraph
- Investors pull record £1bn out of UK markets amid general election fears – Telegraph
- Former ECB chief Trichet denies telling Ireland to ‘save banks at all costs’ – Telegraph
- Podemos party co-founder resigns – EUObserver
- The Traumatic Restructuring Of Austria’s Cooperative Banking System – Forbes
- Happiness and Freedom: East German Version – Ian Welsh
- Pain Versus Gain: Argentina, Greece, and Paul Volcker – CEPR
- Friday lay day – the hopelessness of the Greek situation – Bill Mitchell
- Russia may be readying for new Ukraine offensive: NATO commander – Reuters
- UK factories suffer slower growth in April – FT
- Investors pull record £1bn out of UK markets amid general election fears – Telegraph
- Only 43 homes in London are affordable for first-time buyers. So who’s to blame? – Guardian
- Eurozone recovery defies the odds but long-term problems remain – Guardian
- The case for cuts was a lie. Why does Britain still believe it? The austerity delusion – Krugman, Guardian…huge read…
Asia:
- Report: Kim Jong-Un ditched his visit to Russia because they refused to give him special treatment – BI
- A frosty peace beckons for the US and China -FT
- China April official PMI shows factories struggling to grow -Reuters
- Japan inflation rises for first time in nearly a year – WSJ
- Saudi Arabia burns through foreign reserves – FT
Terra Ironoria :
- Point Piper mansion Villa del Mare sold now, Hockey says – Fairfax…no mention of who to…
- Mansion in Sydney owned by unit of China’s Evergrande sold – SCMP
- Expert says Carmichael mine losses would negate Adani’s need to pay tax – Guardian…negatively gearing a coal mine….
- ATO statistics show number of university graduates with large HEC debts growing – Fairfax
- Digital shift puts nearly half of Australia’s jobs at high risk, report warns – Fairfax
- Reserve Bank must not get into the habit of leaking interest rate decisions Pascoemeter, Fairfax…..
- Julie Bishop defends climate contrarian Bjorn Lomborg – The Oz
- APS union pledges ‘fight of our lives’ – Canberra Times
- Intergenerational Report weakens APS integrity – Canberra Times
Random/Interesting:
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- How to haul 182 million iPads – Bloomie
- Remarkable Rescues After Nepal’s Earthquake – WSJ
- A remarkable journey home to Nepal for young man whose village was devastated by earthquake – our abc
- Enter the Graphene Era – Cosmos .. h/t to Glenn for this fascinating read.
- Overlooked evidence – global warming may proceed faster than expected – Guardian
- In A Bid To Put An End To The Fossil Fuel Crisis, Audi Has Made Diesel Only From Air And Water – ViralSpell
- How Google saved YouTube – Arstechnica
- Can Biogen beat the memory thief ? – Fortune
Weekend Face-Palm:
- Tesla unveils battery to ‘transform energy infrastructure’ – France24 and Inc and Wired .. FFS! The fact that Germany, the country in the middle of Europe, is the “leader” on solar and renewable infrastructure and is seen as a “target market” for this tech just feels like Australia has again stupidly given up an opportunity that we could have won without even trying very hard.
For Laughs:
- Everything Being Blamed On The Dead Guy, Finds Banking Inquiry – Waterford Whispers