Links 31 July 2017

Global Macro / Markets / Investing:

• In a Robot Economy, All Humans Will Be Marketers – Bloomberg
• Why Corrupt Bankers Avoid Jail – New Yorker
• Some Bitcoin Backers Are Defecting to Create a Rival Currency – NY Times
• How Wall Street’s Dealing With a Shortage of Rainmakers – Bloomberg
• What have we learned since 2007 – 10 Years After Crash

Americas:

• The real reason overseas manufacturing is coming to America – Yahoo
• The Empty Majority – NY Times
• Donald Trump Threatens to Cancel Some Health-Care Benefits for Lawmakers – WSJ
• The week John McCain shook the Senate – Washington Post
• Trump may end health subsidy for members of Congress – Axios
• Trump threatens to end insurance payments if no healthcare bill – Reuters
• Obamacare vote isn’t the only sign of GOP resistance to Trump – LA Times
• Ryan confident on tax reform after GOP releases principles – The Hill
• Trump to Sign Russia Sanctions Bill, White House Says – NY Times
• Canada Aims for Tech Talent, Emboldened by Immigration Worries in U.S. – WSJ
• Venezuelans brace for unrest, stockpile food ahead of Sunday vote – Reuters
• Venezuela’s hyperinflation is jaw dropping. See for yourself – CNN Money

Europe:

• Our patience with UK on Border has run out – Independent
• British lack of co-ordination on Brexit ‘beggars belief’ – Irish Times
• Britain, Brexit is your problem – Europa United
• Russia’s Villages, and Their Way of Life, Are ‘Melting Away’ – NY Times
• How some Russian oligarchs got unbelievably rich, in unbelievable ways – RBTH
• Brexiter Dyson warns government not to cut farm subsidies – FWI
• Fears of ‘risky mortgage bubble’ as buyers stretch to afford homes – The Times
• The Labour left and Tory right agree on Brexit. Why don’t they merge? – The Spectator
• Europe’s Hamilton Moment – Foreign Affairs
• The 6 UK cities that will suffer most from a ’hard’ Brexit – Business Insider
• Putin’s Media Czar Was Murdered Just Before Meeting Feds, Officials Say – Buzz Feed
• No Dunkirk Spirit Can Save Britain From Brexit Defeat – NY Times
• Britain’s Imperial Follies – Bloomberg
• ’A bit of me is dying. But I can’t stay’: the EU nationals exiting Britain – The Guardian

Asia:

• Apple Removes Apps That Allowed China Users to Get Around Filters – WSJ
• China holds military parade to mark PLA 90th birthday – YouTube
• Pakistan’s Court Sets a Dangerous Precedent – NY Times
• Kim Jong Un Says Entire U.S. in Range of North Korea’s ICBM – Bloomberg
• It is too soon to write off Narendra Modi’s reforms – FT
• India’s once-shoddy transport infrastructure is getting much better – The Economist
• North Korea Missile Test Could Put Denver in Range – WSJ
• After North Korea Test, South Korea Pushes to Build Up Its Own Missiles – NY Times
• China mall offers ’man pod’ havens for husbands wary of shopping – Reuters

Trans-Tasman:

• Australia Foils Plot to ‘Bring Down’ Plane, Prime Minister Says – Bloomberg
• Falling home ownership points to rising inequality – The SMH
• Labor to impose 30% tax rate on distributions from discretionary trusts – The Guardiian
• Shorten promises $17.2 billion tax crackdown  – Canberra Times
• Labor to target ‘unfair’ family trusts  – The Australian
• Labor to raise $4.1 billion from trusts – The AFR
• Migrant farm workers take on wealthy family – Canberra Times
• Full-fibre NBN will cost about as much as FttDP: experts – IT Wire
• $51 billion budget bonus in Greens plan to curb negative gearing – The SMH
• Australians ‘couldn’t give a toss’ about being a republic: Joyce mocks Shorten’s vote pledge – SBS
• Labor senator Justine Keay dodges queries over UK citizenship – ABC
• Canavan comes out as “minister for mining sector,” internet gets really mad – Renew Economy
• The government is backing the wrong industries, as our economy changes: Productivity Commission – The Conversation
• Eating vegetables linked to higher NAPLAN scores, study finds – The SMH
• It will be a long time before we start putting up rates – Canberra Times
• Fed-up Box Hill residents warn of future slums as high-rises boom – The Age

Other:

• Tesla’s Musk hands over first Model 3 electric cars to early buyers – Reuters
• In Pivotal Moment, Tesla Unveils Its First Mass-Market Sedan – NY Times
• How to Build Resilience in Midlife – NY Times