Links 9 June 2017

Global Macro / Markets / Investing:

• Returns to Scale and Imperfect Competition in Market Equilibrium – Supply-Side Liberal
• System May Be More Leveraged Than 2008 – Bloomberg
• Blockchain for Dummies – Tech Target
• Is Collaboration Crucial To Blockchain Adoption In FinTech? – Ethnews
• Portfolio Rebalancing Research: Momentum and Tolerance Bands – Alpha Architect
• What Can Fintech Learn from Other Areas of Technology? – The Market Mogul
• This is why infrastructure is so expensive – Strong Towns
• On Oil’s Big Fake-Out: Blame the Algos – WSJ
• Human vs Machine: Five epic fights against AI – New Scientist
• Why Robots Still Can’t Fold Your Laundry – WSJ

Americas:

• A president divorced from the executive branch he oversees – Washington Post
• Trump Has Busy Day in Vortex of Middle East Relations – NY Times
• Democrats to sue Trump over conflicts of interest – Politico
• ‘Infrastructure week,’ designed to challenge Democrats, finds no takers – Washington Post
• Republicans Won’t Impeach Trump No Matter What His Crimes – NY Mag
• In a Fake Fact Era, Schools Teach the ABCs of News Literacy – Wired
• Violence engulfs Venezuelan capital, teenager protester dies – Reuters

Europe:

• UK universities fall down global league tables after budget cuts – The Guardian
• On eve of election, May tries to put focus back on Brexit – Reuters
• French Magazine Charlie Hebdo Crosses the Line With Gruesome Theresa May Cover – Ad Week
• Theresa May’s lead has dipped, but is stronger than polls suggest – FT
• The Tories Are Exploiting A New Spending Loophole To Launch A Last-Minute Facebook Ad Blitz – Buzz Feed
• Euro Is Nothing But a Flow Show and Analysts Are Getting Worried – Bloomberg

Asia:

• Smile to enter: China embraces facial-recognition technology – FT
• “We Really Don’t Know What’s Going On” – Nasdaq Halts China Loan Company After 1000% Spike – Zero Hedge
• Japan Q1 GDP revised downward unexpectedly to 1% – FT
• Japan to rein in regional banks’ overexposure to bonds – Nikkei
• North Korea slams Trump’s decision to pull out of Paris accord as ‘the height of egotism’ – Washington Post
• The Rising Stakes for Tesla in China – WSJ

Trans-Tasman:

• Australians want focus on renewables not coal, Lowy poll finds – The SMH
• Pauline Hanson seeks court injunction to stop ABC using recordings – ABC
• Cashless welfare card: doubt cast on study used to justify expansion – The Guardian
• Commuters forced to park so far away from train stations that they need an Uber to drive them between the station and their car – Daily Telegraph
• NBN gigabit internet speed trials slammed as a ‘smokescreen’ – New Daily
• Fact check: Did Malcolm Turnbull announce a tax cut for millionaires and a tax hike for workers in the budget? – ABC
• New footage reveals sheer violence of Andrew Bolt attack – WA Today
• Saying ‘enough is enough’ is to misunderstand terrorism completely – The SMH
• Australia’s carbon emissions rise in off season for first time in a decade – The Guardian
• AFP to examine dozens of people linked to alleged $165m tax fraud scandal – The Guardian
• Bill Shorten offers ‘olive branch’ to Malcolm Turnbull to end climate wars – The SMH
• Adani’s Carmichael coal mine green light raises more questions than answers – ABC
• What if the Government helped First Home Buyers like they’re helping Adani? – Medium
• How to rort 457 visas, or whatever they are called – The Age
• Australia’s Millennials Struggling On Every Level – Courier Mail
• ‘Why up to half of all Australian teachers are quitting within five years’ – The SMH
• Inside the greyhound export racket: ringleaders found guilty of 464 charges – The SMH
• When is a housing shortage a housing shortage? – Interest.co.nz