Global Macro / Markets / Investing:
- Nations Approve Landmark Climate Accord in Paris – NY Times
- The world just agreed to a major climate deal in Paris. Now comes the hard part – VOX
- Building a Better Credit Hedge Is Proving Much Harder Than Expected – Bloomberg
- What the ‘Big Short’ Movie Gets Right—and Wrong—About the Financial Crisis – WSJ
- Gundlach says ’never just one cockroach’ in any kind of credit meltdown – Reuters
- Why the junk bond selloff is getting very scary – Market Watch
- The choice of numeraire matters when calculating world GDP growth – VOX
- Stocks are more overvalued now than at 2000 and 2007 peaks – Market Watch
- Junk-Bond Rout Deepens, Sending Shockwaves Through Stocks and Other Markets – WSJ
- IEA Sees Oil Glut Lasting Until Late 2016 as OPEC Keeps Pumping – Bloomberg
Americas:
- Treasury Will Delay Announcement on $10 Bill Redesign to 2016 – WSJ
- America’s Middle-class Meltdown: Fifth of US adults live in or near to poverty – FT
- America’s middle class has lost nearly 30% of wealth – Market Watch
- Latest Plan to Sharply Raise Drug Price Prompts Outcry – NY Times
- America’s Immigration Challenge – The Atlantic
- As Commercial Real-Estate Prices Soar, Fed Weighs Consequences – WSJ
- China’s Stabilizing Economy Removes Rate Rise Hurdle for Fed – Bloomberg
- Fannie and Freddie’s Government Rescue Has Come With Claws – NY Times
Europe:
- Russia plans $40 a barrel oil for next seven years as Saudi showdown intensifies – The Telegraph
- Some unpleasant Brexit econometrics – VOX
- Why Poland Is Turning Away From the West – NY Times
- Italy’s North-South Gap Widens as Even Mafia Flees Mezzogiorno – Bloomberg
- Eurozone officials rule out IMF’s exclusion from Greek bailout – Reuters
Asia:
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- Alibaba Buying South China Morning Post, Aiming to Influence Media – NY Times
- Alibaba buys the South China Morning Post: Full Q&A with executive vice chairman Joseph Tsai – SCMP
- China’s Central Bank Signals Intention to Loosen Yuan’s Peg to Dollar – WSJ
- A list of China’s top bankers who “disappeared,” were detained, or died in the past year – Quartz
- China clears way for further renminbi weakening – FT
- The Launch of RMB Index Helps to Guide Public View of RMB Exchange Rate – pbc.gov.cn
- China capital outflows to top $500 billion in 2015: IIF – Reuters
Local:
- Climate pact turns up heat on government – Canberra Times
- Govt’s FTA advertising spend doubles – Canberra Times
- Wee problem with credibility of unemployment numbers – Canberra Times
- Turnbull ends Abbott’s war on wind – Canberra Times
- GST Grinch would steal Christmas – Canberra Times
- Leaders sound alarm on Budget – Canberra Times
- Death, taxes, and an expanding security state – Canberra Times
- How government’s can encourage innovation – Canberra Times
- Treasurer set to reveal $5 billion in budget cuts – The Age
- Millions of Australians at risk from fatty liver disease – The Age
- TAFE NSW funding to be cut to half as more dollars pushed to private colleges – The SMH
- NSW TAFE to compete with private operators for half of its funding, leaked document shows – The ABC
- House price growth to ease in 2016 – Domain
- Commodity boom over but gift keeps on giving – The Australian
- Melbourne in for pre-Christmas ‘bonanza’ – The AFR
Other:
- The Radicalization of Luke Skywalker: A Jedi’s Path to Jihad – Decider.com
- Economists don’t know what they are talking about – Marginal Revolution
- Highly educated women no longer have fewer kids – VOX