Links 1 June 2017

Global Macro / Markets / Investing:

• U.N. chief warns if U.S. pulls back, others will fill leadership role – Reuters
• The World Bank Has Bigger Problems Than Bad Writing – Bloomberg
• Cheer up, millennials: your pensions could be even worse – FT
• Electric Cars Soon Will Cost Less Than Gasoline Autos, Research Shows – Industry Week
• John McCain urges action on Great Barrier Reef and Paris climate deal – The Guardian
• The End of Cheap Chocolate? Cocoa Futures Surge Most on Record – Bloomberg
• How to improve the health of the ocean – The Economist
• The $50 Billion Question: What Makes a Bank Big? – WSJ
• What to Do About Household Debt? – Sputnik
• Visualizing the Jobs Lost to Automation – Visual Capitalist
• Jobs in the Age of Artificial Intelligence – Project Syndicate

Americas:

• Why Is the FOMC So Certain the U.S. Is “Essentially at Full Employment”? – Brad DeLong
• America First Doesn’t Mean America Alone – WSJ
• US seeking tariffs on solar panel imports – The Hill
• US Home Prices Rise At Fastest Pace In 3 Years To Record Highs – Zero Hedge
• The First Time America Freaked Out Over Automation – Politico
• Drug Lobbyists’ Battle Cry Over Prices: Blame the Others – NY Times
• Pop Up Goes the Retail Scene as Store Vacancies Rise – NY Times
• It’s the Trump presidency, not its communications staff, that’s failing – Washington Post
• How Congress dismantled federal Internet privacy rules – Washington Post
• Violence is soaring in the Mexican towns that feed America’s heroin habit – Washington Post
• Venezuelan opposition condemns Goldman for $2.8 billion bond deal – Reuters

Europe:

• Germans wonder why Trump keeps lashing out at them and not Russia or Saudi Arabia – Washington Post
• Tories, Labour and Lib Dems all failing on Brexit plans in manifestos – City AM
• Pollsters predict shock Conservative losses at general election – The Times
• Germans perplexed as Trump escalates feud – Washington Post
• Germany Is the Silicon Valley of Political Innovation – Bloomberg
• European Union demands indefinite right to remain for unborn children of EU nationals in UK – The Telegraph
• Berlin looks into freezing funds for EU rule-breakers – Politico
• Draghi Says Clearing Oversight After Brexit Is `Crucial’ for ECB – Bloomberg

Asia:

• Banned outfits in Pakistan operate openly on Facebook – Dawn
• Chess and Monopoly are now luxury goods in India – Vanguard Daily
• ’Shocked’ South Korea leader orders probe into U.S. THAAD additions – Reuters
• Bicycles are eating the lunch of China’s dominant car-sharing app – SCMP
• Chinese state media journalist arrested in Thailand for carrying gas mask – SCMP
• North Korea warns of ’bigger gift package’ for U.S. after latest test – Reuters

Trans-Tasman:

• The black economy: A $40 billion black hole the Government is scrambling to plug – ABC
• Adelaide’s 30-year plan for expensive housing revealed – ABC
• Fund manager explains why the property bubble made him sell – ABC
• Can unions survive the gig economy? – ABC
• The good, bad and ugly truth about your career after 50 – ABC
• GetUp raises nearly $200,000 in crowdfunding to campaign against Peter Dutton – The Conversation
• Australia ‘deserves better’ than US-style drug testing of welfare recipients. – The Guardian
• Australian Consumers Are Unhappiest Since the Financial Crisis – Bloomberg
• The government should pick towns, not industries, to fund – The Conversation
• Govt, Labor in talks over delaying GST on online sales – AFR
• Adani: director on board that will consider $900m loan says project is ‘vital’ – The Guardian
• Grandfathering the Australian dream: House prices, insecure work and growing debts … Who can afford a stake in today’s society? – The Monthly
• Federal Government’s media law shake-up getting support from Australian media bosses – ABC
• End of housing boom set to hit blue collar job ads – The SMH
• Barnaby Says Key To Buying Home Is Moving Somewhere Shit And Changing Entire Career – Betoota Advocate
• The avocado toast index: How many breakfast to buy a house? – BBC
• A debt-to-income ratio above 5 – ‘that’s pretty high’ – Interest.co.nz
• What on earth is going on with housing supply? – Interest.co.nz