Weekend Links 18th-19th July 2015

Now with a few extra from gunna….

That pic is one of DE’s own, taken here

Global Macro / Markets / Investing:

• Google Adds a Record $60 Billion to Its Stock in One Day – Bloomie
• The end of capitalism has begun – Guardian
• Crude spreads remain firm in the face of ‘massive oversupply’ – Reuters
• Bird flu sends egg prices soaring – CBS
• Doubling down on a summer correction – Market Watch

North America:

• Silicon Valley Doesn’t Believe U.S. Productivity Is Down – WSJ
• Fed rate hike fears ripple through Canada, world -CNBC
• Fed proposes tweaks to stress test rules for banks – Reuters
• U.S. inflation, housing data bolster rate hike argument – Reuters
• America’s new child care crisis: parents’ hours – CBS…a big problem in Australia too…
• The mystery of sluggish wage growth – CBS

Europe:

• Greece and Europe: Is Europe holding up its end of the bargain? – Ben Bernanke – Brookings
• A Government Divided: Schäuble’s Push for Grexit Puts Merkel on Defensive – Der Speigel
• Interview with Wolfgang Schäuble: ’There Is No German Dominance’ – Der Spiegel
• Greece budget update – Bruegel
• Greek PM Tsipras sacks leftist party rebels in reshuffle -Reuters
• The euro is a disaster even for the countries that do everything right– WaPo
• Spain’s €1bn airport sells for bargain €10,000 – The Local
• Italy’s public debt reaches new record high – Times Union
• EMU brutality in Greece has destroyed the trust of Europe’s Left -Ambrose
• The Leaders of Greece Are Some of the Phoniest Idealists You’ll Ever See – Alternet
• Majority of Syriza central committee reject austerity deal -Redline
• Greece Is Now A Full-Blown Humanitarian Crisis – In 9 Charts – ZH
• Greece made the wrong choice – Reuters
• This was the week the European dream died its deserved death – Market Watch

Asia:

• China Unleashes $483 Billion to Stem the Market Rout – Bloomie
• China’s real estate, credit and investment bubble risks global recession – SMH
• China banks lent $209bn for stock rescue – FT
• China Updates Gold Reserves, First Time in 6 Years -Bullion Baron
• China finally says how much gold it has, but nobody believes it – Market Watch
• Japan Moves to Allow Military Combat for First Time in 70 Years -NYT
• Interpreting information in China’s stock markets – Michael Pettis… good read…
• Asia’s View of the Greek Crisis – Project-Syndicate
• The Contradictions of China’s Communist Capitalism – Project-Syndicate

Local:

• Tony Abbott’s rash high-wire attack on fairness is missing a safety net – SMH
• China hits back on Labor’s free trade attack – AFR
• Bronwyn Bishop expense scandal investigation in the hands of Finance Department – SMH
• Deposit hurdles get higher– SMH
• Cheer up, pessimists – it’s not all good– SMH
• The economics of environment – Gittins
• Shorten urged to show mettle on China -Oz
• Low mortgage rates, not tax, the housing culprit -AFR
• Bronwyn Bishop should depart the Speaker’s chair – The Age
• Anti-racism protesters reportedly clash with rival group as rallies kick off nationwide– ABC
• Reclaim Australia, No Room for Racism rally in Melbourne – The Age
• Clean Energy Bank chief warns of renewables market collapse – Climate Spectator
• Grape growers optimistic as price rises and dollar falls – AFR
• Home buyers’ deposit hurdles getting higher – The Age

Other:

• Polar bears fail to adapt to lack of food in warmer Arctic– BBC
• Scientists discover seaweed that tastes just like fried bacon – Inhabitat
• They Knew, They Lied: ExxonMobil and Climate Change – Truthout
• Litigation Costs Drag Down Goldman Sachs’s Earnings -NYT
• First-ever cannabis commercial to air on American TV – Market Watch…hey wow…
• Tesla adds powerful ‘Ludicrous Mode’ to already-fast Model S – Japan Times
• The Imperator Strikes Back (Mad Max/Star Wars Mashup) – youtube

Chuckles…

• Turnbull Says It’s Absurd To Charter A Chopper From Melbourne To Geelong: “Why Not Just Use Your Own?” – Shovel
• Browyn Bishop forced by backlash to take ‘Plan B’