Links 3 May 2018

Global Macro / Markets / Investing:

• This Billionaire Has Put Half His Net Worth Into Gold – Bloomberg
• The stock market under Trump vs. Obama – Washington Post
• Forget 3%. That Amazing Bull Run in Treasuries Ended Years Ago – Bloomberg
• Apple will buy back up to $100 billion worth of shares – CNBC
• $65b Ethereum Cryptocurrency Under Regulatory Scrutiny – WSJ
• BP Profit Beats Estimates Even as Oil-Spill Fines Boost Debt – Bloomberg
• Peter Thiel-Backed Venture to Help Big Investors Bet on Bitcoin – WSJ
• How Different Age Groups View The Trade-Off Between Time And Money – ValueWalk

Americas:

• Mueller’s former assistant says grammatical errors prove leaked questions came from Trump – The Hill
• Blackstone accelerates into subprime car loans – FT
• President Trump has made 3,001 false or misleading claims so far – Washington Post
• How’s That Tax Cut Working Out? – NY Times
• Investment Boom From Trump’s Tax Cut Has Yet to Appear – NY Times
• Americans Are A Lonely Lot, And Young People Bear The Heaviest Burden – NPR
• U.S. Factory Managers Are Fuming About Trump’s Tariffs – Bloomberg
• Democracy’s resilience: Is America’s democracy threatened? – Brookings
• Fed likely to keep rates steady; investors bet on June hike – Reuters
• This Summer Is Expected To Have Highest Gas Prices We’ve Seen In Years – Forbes
• How Bad Is the Labor Shortage? Cities Will Pay You to Move There – WSJ

Europe:

• Theresa May expected to back EU ‘customs partnership’ – FT
• Founder of pro-Brexit think​tank has link with Russian intelligence, says MP – The Guardian
• Uber loses its license in southern UK coastal city of Brighton – Reuters
• Scotland calls time on cheap booze – BBC
• Police teargas anarchists at Paris May Day rally, arrest over 200 people – Reuters
• Theresa May blocking foreign doctors from joining the NHS during a massive shortage. – The Guardian

Asia:

• The AI arms race: China and US compete to dominate big data – FT
• How the Beijing elite sees the world – FT
• ZTE’s Collapse Reveals China’s Over-Reliance on U.S. Technologies – Jumore Global
• Latest Threat to China: Peppa Pig, Countercultural Cartoon Character – NY Times
• Left in the Dark on Contraception, Many Young Chinese Seek Abortions – Sixth Tone
• How Great Firewall of China Work – Medium
• Why Chinese Students Aren’t a Threat – Chronicle

Trans-Tasman:

• Greens urge Buffett rule to get more tax from high income earners – The Conversation
• Australia should aim for 100 per cent clean energy, says global energy expert – Energy Matters
• NSW Liberals to appeal decision ordering it to repay $250,000 in illegal donations – The SMH
• ‘We are in danger’: Australian science being left behind – The Age
• Prepare to be bombarded with political propaganda ahead of a high-stakes election – The SMH
• Six top aged care operators reap $2 billion from taxpayers, pay little tax – Michael West
• ‘Big nursing home’ industry is aggressively minimising tax – The SMH
• Australian nursing home giants shifting millions in profits offshore, report finds – The Guardian
• Strong support for free health, education and for taxing rich more: poll – The SMH
• APRA talks tough but feathers the Commonwealth Bank with light touch penalties – ABC
• Penny Wong says Labor will try and undo Abbott’s legacy on climate policy – The Guardian
• Business Council has an astroturf site “for the common good” – For the Common Good
• Gonski: we need to recommit to improving teacher skills – The SMH
• NZ’s “massive” infrastructure deficit – Interest.co.nz
• ‘Prolonged period of soft conditions’ for housing market – Interest.co.nz
• Unemployment falls for fifth consecutive quarter – Interest.co.nz